Main Street Registry

Victory Liquor & Soul Food LLC

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

Victory Liquor & Soul Food LLC is a beer, wine, and liquor retailer located in Detroit, Michigan. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3,330,000, approved by Lake Michigan CU with an approval date of September 1, 2026.

SBA 7(a) loan, change of ownership, approved Sep 1, 2026

$3,330,000 approvedLender: Lake Michigan CU16 years termCommitted, not fully disbursedLoan details
Gross approval
$3,330,000
SBA-guaranteed amount
$2,497,500 (75% of the approval)
Lender
Lake Michigan CU, Grand Rapids, MI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.5%, variable
Term
16 years (192 months)
Estimated maturity
September 1, 2042 (estimated, approval date plus term)
Estimated monthly payment
$27,941 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
15
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
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 93% 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