Main Street Registry

SM Liquors LLC

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

SM Liquors LLC, located in Detroit, Michigan, is classified in the beer, wine, and liquor retailers industry (NAICS 445320). The company was financed with an SBA 7(a) loan for a change of ownership of $675,000, approved on January 28, 2026, through Milestone Bank.

SBA 7(a) loan, change of ownership, approved Jan 28, 2026

$675,000 approvedLender: Milestone Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$675,000
SBA-guaranteed amount
$506,250 (75% of the approval)
Lender
Milestone Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
January 28, 2051 (estimated, approval date plus term)
Estimated monthly payment
$5,781 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 24, 2026
Loan status
Status not reported (SBA exemption)
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-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% 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