SBA 7(a) Loans for Liquor Stores
Liquor store financing for small business owners
Experience Ready Capital’s commitment to liquor store business owners and investors. We close SBA 7(a) deals that other lenders can’t, working with a range of credit scores and financing challenges.
Whether clients are buying or expanding their liquor store businesses, Ready Capital can help them get the financing they need—even in the current market.
Why Ready Capital
- A value-add lender, closing more deals with credit flexibility
- Trust and confidence in execution
- Centralized front-end reviews, closers involved early
- #4 SBA Preferred Lender in the U.S.
SBA 7(a) highlights for liquor stores
*These loans are made pursuant to the SBA 7(a) Small Balance and Express programs. Loan terms vary by loan program, borrower eligibility, loan amount, and other factors.
Liquor store loan purposes
of the beer, wine, and liquor stores industry in the U.S.
increased faster than the economy overall.
Source: IBISWorld, 2023
Have a question about liquor store SBA 7(a) Loans?
Answer: Liquor store financing is specifically designed for individuals or entities looking to buy and operate a liquor store. It involves loans to cover the costs associated with starting and running a liquor store business.
Answer: There are several liquor store business lending options, including traditional bank loans, SBA 7(a) loans, equipment financing, and lines of credit. The choice of financing depends on the business owner’s needs and financial situation.
Answer: An SBA loan is a type of loan backed by the Small Business Administration that helps small businesses, including liquor stores, get the financing they need.
The benefits of SBA loans for liquor stores include:
- Lower down payments (typically 10%)
- Longer repayment terms (up to 25 years)
- Competitive interest rates
- Flexible use of funds
- Access to expert guidance and resources from the SBA
Learn more about how SBA loans work.
Answer: Liquor store financing can typically be used for business acquisitions, real estate purchases, store expansions, new equipment purchases, and working capital.
Answer: While prior business experience can be beneficial, it’s not always a strict requirement.
Answer: SBA loan requirements can vary, but in general, lenders consider these factors:
- Personal and business financial statements
- A comprehensive business plan
- Financial projections
- Business track record
- Resumes of key team members
- Personal credit history and scores
Answer: Collateral requirements vary from lender to lender. Common types of collateral may include personal assets like real estate, equipment, or business assets. The specific collateral requirements will be outlined in the loan agreement.
Answer: The approval timeline can vary but it typically takes anywhere from a few weeks to a few months. Delays may occur if additional documentation or information is required, so it’s essential to start the application process early.
Answer: When exploring lenders, consider their experience, available financing options, and their track record of successful lending to liquor store businesses.
SBA Preferred Lenders are experienced in aligning borrowers with their business goals and guiding them through the SBA application process.
Apply for a Ready Capital SBA 7(a) loan
It takes less than 3 minutes and will not affect your credit score.