Top 25 Banks for SBA Liquor Store Loans

Last quarterly update: Mar 26, 2018

Liquor stores do well in almost any economic environment and because of that, banks are typically interested in providing SBA loan for them. Studies have shown that people consistently drink – whether they can afford to or not! So, if you’re looking to apply for a loan, don’t think twice. Here are the top 16 banks for SBA liquor store loans waiting for your call:

 

1) Hanmi Bank — Los Angeles, CA
2017: 75 loans, $715,460 average loan, average interest rate of 6.0%

Hanmi Bank takes pride in providing fast loan processing and flexible terms. Headquartered in Los Angeles, CA, they’re always ready to help you through the process. With competitive rates and less hassle loan processing, there’s no surprise that Hanmi Bank is #1 in our list. Give them a call when you’re ready for that next step forward for your liquor store business.

 

2) TD Bank — Wilmington, DE
2017: 39 loans, $73,333 average loan, average interest rate of 9.0%

Being a Preferred SBA Lender, TD Bank is also able to guide you through the process with faster decision times for loan approvals. Their SBA Business Development Officers have broad and diverse industry experience building relationships with small businesses such as veterinary, pharmacy, and law firm. TD Bank takes pride in offering a simple and hassle-free SBA loan experience.

 

3) Bank of Hope — Los Angeles, CA Year to date: 41 loans, $309,049 average loan, average interest rate of 5.5%
2017: 29 loans, $445,069 average loan, average interest rate of 5.9%

Based out of Los Angeles, Bank of Hope specializes in financial services for the Korean-American community. They offer quick decision-making process and competitive approved loan amount. If you’re in a hurry with your loan needs, with Bank of Hope’s experience and quick process, they will not disappoint.

 

4) Huntington Bank — Columbus, OH
2017: 28 loans, $161,571 average loan, average interest rate of 6.1%

Huntington is the #1 SBA 7(a) lender in the number of loans in the regions made up of Indiana, Kentucky, Illinois, Ohio, West Virginia, Western Pennsylvania, Wisconsin, and Michigan (according to U.S. SBA from October 1, 2008, to September 30, 2016). With 8 years of pretty great track record of helping businesses like auto repair shops, you’ll never go wrong in trying to apply for an SBA loan with Huntington.

 

5) Wells Fargo Bank — Sioux Falls, SD
2017: 26 loans, $372,808 average loan, average interest rate of 7.2%

Wells Fargo is one of the largest banks in the world and takes pride in being the #1 SBA 7(a) lender by dollars according to the U.S. Small Business Administration as of September 30, 2014. With their years of experience working with thousands of customers, including pharmacy owners, they can offer a deep understanding of business needs, with benefits you won’t find anywhere else. Wells Fargo Bank offers long repayment terms for lower monthly payments, and lower down payments that make upfront costs more affordable.

 

To help you further in your search for the right Liquor Store Loans that fits you, here’s the complete list of  our top 16 banks:

RankBankCityST# LoansAvg LoanAvg Int
1Hanmi BankLos AngelesCA75$715,4606.0%
2TD BankWilmingtonDE39$73,3339.0%
3Bank of HopeLos AngelesCA29$445,0695.9%
4The Huntington National BankColumbusOH28$161,5716.1%
5Wells FargoSioux FallsSD26$372,8087.2%
6Pacific City BankLos AngelesCA22$536,5686.0%
71st Constitution BankCranburyNJ20$455,5006.4%
8Open BankLos AngelesCA18$777,1945.6%
9Celtic BankSalt Lake CityUT15$475,6006.7%
10Hana Small Business LendingLos AngelesCA13$980,0005.9%
11KeyBankClevelandOH13$255,1696.5%
12U.S. BankCincinnatiOH12$345,5427.2%
13Eastern BankBostonMA12$99,7929.5%
14First IC BankDoravilleGA11$1,982,2735.6%
15Byline BankChicagoIL11$654,2736.9%
16M&TBuffaloNY11$186,3647.0%
17Uniti BankBuena ParkCA10$759,0005.8%
18Noah BankElkins ParkPA10$1,015,0006.3%
19Metro City BankDoravilleGA9$1,583,0005.8%
20Republic BankPhiladelphiaPA9$1,592,2226.3%
21Compass BankBirminghamAL9$50,0009.0%
22CenterStone SBA LendingLos AngelesCA8$1,123,0006.4%
23Berkshire BankPittsfieldMA7$156,5716.0%
24JPMorgan Chase BankColumbusOH7$148,1436.7%
25Rockland Trust CompanyRocklandMA6$430,9335.2%