Drinking Places (Alcoholic Beverages) acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 17 7(a) loans to buy an existing business classified as Drinking Places (Alcoholic Beverages) in New York, totaling $10.5M. The median loan was $189,000. That is 1.1% of the 1,530 acquisition loans in New York.
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How this compares
The median Drinking Places (Alcoholic Beverages) loan in New York is 67% lower than the $577,500 median for all New York acquisitions, and 42% 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 2.7% of seasoned New York acquisition loans of any type.
Drinking Places (Alcoholic Beverages) acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $475K | $93,400 | |
| FY2019 | 6 | $1M | $113,150 | |
| FY2020 | 2 | $1.9M | $967,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $113K | $112,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $680K | $680,000 | |
| FY2025 | 1 | $250K | $250,000 | |
| FY2026 | 2 | $6.1M | $3,025,500 |
How often do these acquisition loans fail?
Fewer than 20 Drinking Places (Alcoholic Beverages) in New York 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Community Bank, National Association | 3 | 17.6% | $259K | |
| 2 | The Lyons National Bank | 2 | 11.8% | $150K | |
| 3 | First Horizon Bank | 1 | 5.9% | $4.7M | |
| 4 | Hometown Bank | 1 | 5.9% | $1.7M | |
| 5 | Newtek Bank, National Association | 1 | 5.9% | $1.4M |
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 New York run?
The median SBA 7(a) loan was $189,000 across 17 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 New York?
Community Bank, National Association (3), The Lyons National Bank (2), First Horizon Bank (1), Hometown Bank (1), Newtek Bank, National Association (1).
How often do Drinking Places (Alcoholic Beverages) acquisition loans fail in New York?
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 New York?
None of the 17 loans in this combination were recorded with a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All New York 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 Minnesota
- Beer, Wine, and Liquor Retailers in New York
- Limited-Service Restaurants in New York
- Full-Service Restaurants in New York
- Hotels and Motels in New York
- Drycleaning and Laundry Services in New York
- Supermarkets and Other Grocery Retailers in New York
- Insurance Agencies and Brokerages in New York
- Funeral Homes and Funeral Services in New York
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.