Beer, Wine, and Liquor Retailers acquisitions in Michigan: SBA loan data
Since FY2018, SBA lenders have approved 99 7(a) loans to buy an existing business classified as Beer, Wine, and Liquor Retailers in Michigan, totaling $94.6M. The median loan was $851,000. That is 5.9% of the 1,680 acquisition loans in Michigan.
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How Beer, Wine, and Liquor Retailers in Michigan compares
| Measure | Beer, Wine, and Liquor... | Michigan, all industries | Beer, Wine, and Liquor..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $851,000 | $585,000 | $650,000 | $645,250 |
| Middle half of loans | $578,800 to $1,260,000 | $250,000 to $1,304,625 | $370,875 to $1,166,250 | $283,000 to $1,465,000 |
| Average initial rate | 8.53% | 7.65% | 7.66% | 7.76% |
| Median term | 21 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 1.8% | 1.4% | 3.5% |
| Loans in sample | 99 | 1,680 | 1,736 | 48,902 |
The median for loans to buy liquor stores in Michigan is $851,000, well above the $585,000 median for all Michigan acquisitions, above the $650,000 median for Beer, Wine, and Liquor Retailers acquisitions nationwide and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $578,800 to $1,260,000, against $283,000 to $1,465,000 nationally; the median term is 21 years, longer than the national median of 10 years; the average initial rate is 8.53%, above the 7.76% national average.
None of the seasoned loans were charged off, against 1.8% for all Michigan acquisitions, 1.4% for Beer, Wine, and Liquor Retailers acquisitions nationwide and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Beer, Wine, and Liquor... | All acquisitions |
|---|---|---|
| Under $350K | 8% | 30% |
| $350K to under $1M | 53% | 33% |
| $1M to under $2M | 36% | 19% |
| $2M and over | 3% | 17% |
Most loans to buy liquor stores in Michigan (61%) were under $1M, and the largest single band is $350K to under $1M at 53%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
United FCU made 19% of loans to buy liquor stores in Michigan, and the top three lenders together made 49%. 10 of the 28 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 38 loans to buy liquor stores in Michigan were approved. That is 90% more than the 20 approved in FY2023 and FY2024. The median was $1,227,500, well above the $851,000 median across all years.
Beer, Wine, and Liquor Retailers acquisition loans in Michigan by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $2.8M | $317,700 | |
| FY2019 | 14 | $8.7M | $533,450 | |
| FY2020 | 5 | $3.7M | $479,400 | |
| FY2021 | 9 | $8.6M | $868,700 | |
| FY2022 | 8 | $6.6M | $835,000 | |
| FY2023 | 9 | $8.2M | $900,000 | |
| FY2024 | 11 | $8.9M | $785,000 | |
| FY2025 | 21 | $22.8M | $1,045,000 | |
| FY2026 | 17 | $24.3M | $1,360,000 |
How often do these acquisition loans fail?
Of the 33 Beer, Wine, and Liquor Retailers in Michigan acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 19 have already been paid in full.
For comparison, Beer, Wine, and Liquor Retailers in Michigan has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United FCU | 19 | 19.2% | $21.1M | |
| 2 | The Huntington National Bank | 18 | 18.2% | $11.2M | |
| 3 | First Internet Bank of Indiana | 12 | 12.1% | $9.6M | |
| 4 | Byline Bank | 10 | 10.1% | $13.5M | |
| 5 | Shoreham Bank | 4 | 4.0% | $4.7M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Beer, Wine, and Liquor Retailers acquisitions in Michigan run?
The median SBA 7(a) loan was $851,000 across 99 loans (FY2018 to FY2026), with the middle half between $578,800 and $1,260,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Beer, Wine, and Liquor Retailers acquisitions in Michigan?
United FCU (19), The Huntington National Bank (18), First Internet Bank of Indiana (12), Byline Bank (10), Shoreham Bank (4). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Beer, Wine, and Liquor Retailers acquisition loans fail in Michigan?
Of 33 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Beer, Wine, and Liquor Retailers acquisitions in Michigan?
1 of the 99 loans (1%) involved a franchise brand.
How much do you need down for an SBA loan to buy a liquor store in Michigan?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy liquor stores in Michigan was $851,000, and the middle half ran $578,800 to $1,260,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 38 loans to buy liquor stores in Michigan in FY2025 and FY2026.
Which banks make SBA loans for a liquor store in Michigan?
By loan count, FY2018 to FY2026: United FCU (19), The Huntington National Bank (18), First Internet Bank of Indiana (12), Byline Bank (10), Shoreham Bank (4). United FCU made 19% of loans to buy liquor stores in Michigan. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Michigan acquisitions
- Beer, Wine, and Liquor Retailers nationally
- Beer, Wine, and Liquor Retailers in California
- Beer, Wine, and Liquor Retailers in Colorado
- Beer, Wine, and Liquor Retailers in Georgia
- Beer, Wine, and Liquor Retailers in New York
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Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Beer, Wine, and Liquor Retailers in Michigan: SBA acquisition loan data", https://sbaacquisitiondata.com/state/mi/beer-wine-and-liquor-retailers-445320 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/mi/beer-wine-and-liquor-retailers-445320.json.