Main Street Registry

Manveer Liquor, Inc.

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

Manveer Liquor, Inc. is a beer, wine, and liquor retailer in Coldwater, Michigan, classified under NAICS code 445320. The company was financed with an SBA 7(a) loan for a change of ownership of $800,000, approved on November 5, 2024, through Byline Bank.

SBA 7(a) loan, change of ownership, approved Nov 5, 2024

$800,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$800,000
SBA-guaranteed amount
$600,000 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
25 years (300 months)
Estimated maturity
November 5, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,697 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Branch County, MI
SBA district office
Michigan District Office
Congressional district
MI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 33% 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