Drinking Places (Alcoholic Beverages) acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 18 7(a) loans to buy an existing business classified as Drinking Places (Alcoholic Beverages) in Minnesota, totaling $6.7M. The median loan was $153,750. That is 1.0% of the 1,778 acquisition loans in Minnesota.
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How this compares
The median Drinking Places (Alcoholic Beverages) loan in Minnesota is 66% lower than the $450,000 median for all Minnesota acquisitions, and 53% lower than the $325,000 median for Drinking Places (Alcoholic Beverages) acquisitions nationwide (338 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.1% of seasoned Drinking Places (Alcoholic Beverages) acquisition loans were charged off, and 3.2% of seasoned Minnesota acquisition loans of any type.
Drinking Places (Alcoholic Beverages) acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $1M | $135,000 | |
| FY2019 | 1 | $150K | $150,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $1.7M | $148,750 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 4 | $2.8M | $314,750 | |
| FY2024 | 2 | $510K | $255,000 | |
| FY2025 | 2 | $545K | $272,600 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Drinking Places (Alcoholic Beverages) in Minnesota acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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 | Sunrise Banks National Association | 3 | 16.7% | $2M | |
| 2 | BankVista | 3 | 16.7% | $633K | |
| 3 | Bonanza Valley State Bank | 2 | 11.1% | $259K | |
| 4 | Pioneer Bank | 2 | 11.1% | $160K | |
| 5 | Byline Bank | 1 | 5.6% | $2.1M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Drinking Places (Alcoholic Beverages) acquisitions in Minnesota run?
The median SBA 7(a) loan was $153,750 across 18 loans (FY2018 to FY2026). 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 Drinking Places (Alcoholic Beverages) acquisitions in Minnesota?
Sunrise Banks National Association (3), BankVista (3), Bonanza Valley State Bank (2), Pioneer Bank (2), Byline Bank (1).
How often do Drinking Places (Alcoholic Beverages) acquisition loans fail in Minnesota?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Drinking Places (Alcoholic Beverages) acquisitions in Minnesota?
None of the 18 loans in this combination were recorded with a franchise brand.
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Related
- All Minnesota acquisitions
- Drinking Places (Alcoholic Beverages) nationally
- Drinking Places (Alcoholic Beverages) in Wisconsin
- Drinking Places (Alcoholic Beverages) in Pennsylvania
- Drinking Places (Alcoholic Beverages) in Illinois
- Drinking Places (Alcoholic Beverages) in Michigan
- Drinking Places (Alcoholic Beverages) in New York
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.