Diane's Party Store
Diane's Party Store is located in Detroit, MI, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $1,410,000 for a change of ownership on March 26, 2025. This registry lists 2 loans for the company.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
- Gross approval
- $1,410,000
- SBA-guaranteed amount
- $1,057,500 (75% of the approval)
- Lender
- United FCU, Saint Joseph, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.25%, variable
- Term
- 10 years, 6 months (126 months)
- Estimated maturity
- September 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,316 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Beer, Wine, and Liquor Retailers on this site.
- Average acquisition loan in Beer, Wine, and Liquor Retailers: $1,337,023.
- Average acquisition loan in Michigan: $1,645,728.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
- Gross approval
- $1,056,000
- SBA-guaranteed amount
- $792,000 (75% of the approval)
- Lender
- United FCU, Saint Joseph, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.25%, variable
- Term
- 25 years, 6 months (306 months)
- Estimated maturity
- September 26, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $9,742 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in Beer, Wine, and Liquor Retailers on this site.
- Average acquisition loan in Beer, Wine, and Liquor Retailers: $1,337,023.
- Average acquisition loan in Michigan: $1,645,728.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Michigan
- Victory Liquor & Soul Food LLC, Detroit
- Summit Beverage, Inc., Harrison Township
- Helo Royal Spirits & Wine, Inc., Royal Oak
- Quick Stop Liquor, Inc, Livonia
- Cosmo's Liquor Market, River Rouge
- Kashjutt Inc, Hazel Park
- AFD Inc, Detroit
- Amardeep Corporation, Grand Rapids