Beer, Wine, and Liquor Retailers acquisitions in Maryland: SBA loan data
Since FY2018, SBA lenders have approved 62 7(a) loans to buy an existing business classified as Beer, Wine, and Liquor Retailers in Maryland, totaling $57.7M. The median loan was $712,500. That is 9.1% of the 679 acquisition loans in Maryland.
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How this compares
The median Beer, Wine, and Liquor Retailers loan in Maryland is 9% higher than the $653,000 median for all Maryland acquisitions, and 10% higher than the $650,000 median for Beer, Wine, and Liquor Retailers acquisitions nationwide (1,736 loans).
On losses, 4.0% of seasoned Beer, Wine, and Liquor Retailers loans in Maryland were charged off, 26% lower than the 5.4% rate for all Maryland acquisitions, and 186% higher than the 1.4% rate for the industry nationally.
Beer, Wine, and Liquor Retailers acquisition loans in Maryland by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $2.1M | $485,000 | |
| FY2019 | 4 | $2.6M | $618,500 | |
| FY2020 | 6 | $5.6M | $510,000 | |
| FY2021 | 11 | $12.8M | $1,100,000 | |
| FY2022 | 4 | $3M | $540,000 | |
| FY2023 | 6 | $8.5M | $1,261,500 | |
| FY2024 | 7 | $6M | $807,700 | |
| FY2025 | 11 | $10.1M | $775,000 | |
| FY2026 | 9 | $7M | $665,000 |
How often do these acquisition loans fail?
Of the 25 Beer, Wine, and Liquor Retailers in Maryland acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 4.0% by loan count and 0.8% by dollars. 13 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Beer, Wine, and Liquor Retailers in Maryland is 14% higher than the acquisition-loan average. 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 | Hanmi Bank | 27 | 43.5% | $25.6M | |
| 2 | US Metro Bank | 5 | 8.1% | $5.3M | |
| 3 | PromiseOne Bank | 5 | 8.1% | $4.7M | |
| 4 | Open Bank | 4 | 6.5% | $3.7M | |
| 5 | Centerstone SBA Lending, Inc. | 3 | 4.8% | $3M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Beer, Wine, and Liquor Retailers acquisitions in Maryland run?
The median SBA 7(a) loan was $712,500 across 62 loans (FY2018 to FY2026), with the middle half between $458,500 and $1,090,000. 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 Maryland?
Hanmi Bank (27), US Metro Bank (5), PromiseOne Bank (5), Open Bank (4), Centerstone SBA Lending, Inc. (3). 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 Maryland?
4.0% of 25 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% 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 Maryland?
None of the 62 loans in this combination were recorded with a franchise brand.
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Related
- All Maryland acquisitions
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.