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Drinking Places (Alcoholic Beverages): SBA acquisition loans in Michigan
10 SBA-financed business acquisitions in Michigan classified as Drinking Places (Alcoholic Beverages), FY2024–FY2026. Median loan $218K. See which lenders did them.
- Acquisitions financed
- 10
- Total approved
- $2.7M
- Median loan
- $218K
- Middle half of loans
- $77K to $268K
- Median starting rate
- 9.00%
- Median term
- 12 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | 1st State Bank | 3 | 30% | $50K | $332K |
| 2 | Merchants Bank of Indiana | 1 | 10% | $778K | $778K |
| 3 | State Savings Bank | 1 | 10% | $708K | $708K |
| 4 | Wildfire Credit Union | 1 | 10% | $279K | $279K |
| 5 | Michigan Schools and Government Credit Union | 1 | 10% | $221K | $221K |
| 6 | West Shore Bank | 1 | 10% | $215K | $215K |
| 7 | Readycap Lending, LLC | 1 | 10% | $159K | $159K |
| 8 | Horizon Bank | 1 | 10% | $20K | $20K |
For comparison, the same industry nationwide: 135 loans, median $382K, median starting rate 9.50%. See Drinking Places (Alcoholic Beverages) in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.