Main Street Registry

Severn Liquors LLC

Glen Burnie, MD · Beer, Wine, and Liquor Retailers · NAICS 445320

Severn Liquors LLC is a beer, wine, and liquor retailer in Glen Burnie, Maryland. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1 million approved on August 22, 2025, through PromiseOne Bank. The loan lists 4 jobs.

SBA 7(a) loan, change of ownership, approved Aug 22, 2025

$1,000,000 approvedLender: PromiseOne Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
PromiseOne Bank, Duluth, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
August 22, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,668 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Anne Arundel County, MD
SBA district office
Baltimore District Office
Congressional district
MD-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 Maryland: $1,627,337.

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 Maryland