Beer, Wine, and Liquor Retailers acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 51 7(a) loans to buy an existing business classified as Beer, Wine, and Liquor Retailers in Minnesota, totaling $28.6M. The median loan was $463,500. That is 2.9% of the 1,778 acquisition loans in Minnesota.
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How this compares
The median Beer, Wine, and Liquor Retailers loan in Minnesota is in line with the $450,000 median for all Minnesota acquisitions, and 29% lower than the $650,000 median for Beer, Wine, and Liquor Retailers acquisitions nationwide (1,736 loans).
On losses, none of the 26 seasoned Beer, Wine, and Liquor Retailers loans in Minnesota were charged off, against the 3.2% rate for all Minnesota acquisitions, and against the 1.4% rate for the industry nationally.
Beer, Wine, and Liquor Retailers acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $927K | $203,500 | |
| FY2019 | 5 | $2M | $351,000 | |
| FY2020 | 6 | $3.5M | $483,500 | |
| FY2021 | 11 | $6.1M | $558,000 | |
| FY2022 | 5 | $2.8M | $501,300 | |
| FY2023 | 5 | $3.3M | $420,000 | |
| FY2024 | 9 | $4.8M | $581,500 | |
| FY2025 | 5 | $4.6M | $756,000 | |
| FY2026 | 1 | $552K | $551,500 |
How often do these acquisition loans fail?
Of the 26 Beer, Wine, and Liquor Retailers in Minnesota 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. 14 have already been paid in full.
For comparison, Beer, Wine, and Liquor Retailers in Minnesota 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Falcon National Bank | 7 | 13.7% | $3.4M | |
| 2 | United Prairie Bank | 5 | 9.8% | $2.2M | |
| 3 | Frandsen Bank and Trust | 4 | 7.8% | $1.2M | |
| 4 | First Bank & Trust | 3 | 5.9% | $3.3M | |
| 5 | U.S. Bank, National Association | 3 | 5.9% | $1.6M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | MGM Wine & Spirits | 5 | 9.8% | $3.4M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Beer, Wine, and Liquor Retailers acquisitions in Minnesota run?
The median SBA 7(a) loan was $463,500 across 51 loans (FY2018 to FY2026), with the middle half between $249,500 and $685,000. 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 Minnesota?
Falcon National Bank (7), United Prairie Bank (5), Frandsen Bank and Trust (4), First Bank & Trust (3), U.S. Bank, National Association (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 Minnesota?
Of 26 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 Minnesota?
5 of the 51 loans (10%) involved a franchise brand, most often MGM Wine & Spirits (5).
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Related
- All Minnesota acquisitions
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- Beer, Wine, and Liquor Retailers in Colorado
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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.