Main Street Registry

Livonia Liquor Shoppe

Livonia, MI · Beer, Wine, and Liquor Retailers · NAICS 445320

Livonia Liquor Shoppe is a beer, wine, and liquor retailer in Livonia, Michigan. The business was financed with an SBA 7(a) loan for a change of ownership of $785,000, approved on December 15, 2023, through First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Dec 15, 2023

$785,000 approvedLender: First Internet Bank of Indiana25 years termPaid in fullLoan details
Gross approval
$785,000
SBA-guaranteed amount
$588,750 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
December 15, 2048 (estimated, approval date plus term)
Estimated monthly payment
$7,836 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2024
Loan status
Paid in full
Jobs supported
2
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 32% 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.

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Same industry in Michigan