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:

RankBankCityState# LoansAvg LoanAvg Int
1Hanmi BankLos AngelesCA133$640,1356.3%
2TD BankWilmingtonDE72$82,0639.5%
3Huntington NationalColumbusOH70$187,8596.6%
4Bank of HopeLos AngelesCA69$379,5366.5%
5Pacific City BankLos AngelesCA42$574,4106.3%
61st Constitution BankCranburyNJ36$569,3066.7%
7Wells FargoSioux FallsSD36$386,3087.6%
8Open BankLos AngelesCA35$704,7776.1%
9M&TBuffaloNY30$180,5678.0%
10Celtic BankSalt Lake CityUT25$647,4446.9%
11U.S. BankCincinnatiOH25$254,1927.2%
12Byline BankChicagoIL23$779,6527.3%
13Hana Small Business LendingLos AngelesCA23$821,5226.4%
14CenterStone SBA LendingLos AngelesCA21$819,6906.7%
15First IC BankDoravilleGA21$2,098,4766.1%
16Republic BankPhiladelphiaPA20$1,669,0006.4%
17Metro City BankDoravilleGA19$2,023,4746.0%
18Noah BankElkins ParkPA19$1,068,4216.7%
19KeyBankClevelandOH16$438,8256.7%
20Santander BankWilmingtonDE16$227,6138.5%
21BankUnitedMiami LakesFL15$925,2737.1%
22Eastern BankBostonMA14$99,8219.5%
23NOA BankDuluthGA13$601,2316.3%
24JPMorgan Chase BankColumbusOH12$207,0587.3%
25Citizens BankElizabethtonTN11$1,081,8646.8%
26Compass BankBirminghamAL11$43,1829.5%
27Newtek Small BusinessLake SuccessNY11$531,6367.5%
28Uniti BankBuena ParkCA11$756,8185.8%
29Bank of the WestSan FranciscoCA9$538,3896.7%
30New Millennium BankNew BrunswickNJ9$1,142,2226.1%