Beer, Wine, and Liquor Retailers acquisitions in Pennsylvania: SBA loan data

How Beer, Wine, and Liquor Retailers in Pennsylvania compares

The median for loans to buy liquor stores in Pennsylvania is $610,000, slightly above the $535,000 median for all Pennsylvania acquisitions, slightly below the $650,000 median for Beer, Wine, and Liquor Retailers acquisitions nationwide and slightly below the $645,250 median for all SBA-financed acquisitions nationally.

The middle half runs $259,500 to $957,500, against $283,000 to $1,465,000 nationally; the median term is 10.1 years, longer than the national median of 10 years; the average initial rate is 7.06%, below the 7.76% national average.

None of the seasoned loans were charged off, against 2.1% for all Pennsylvania acquisitions, 1.4% for Beer, Wine, and Liquor Retailers acquisitions nationwide and 3.5% for all acquisition loans.

Loan size distribution

Most loans to buy liquor stores in Pennsylvania (76%) were under $1M, and the largest single band is $350K to under $1M at 45%, against 33% of all acquisition loans.

Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.

Lender concentration

Northwest Bank made 14% of loans to buy liquor stores in Pennsylvania, and the top three lenders together made 33%. 5 of the 25 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.

Recent activity

In FY2025 and FY2026 combined, 8 loans to buy liquor stores in Pennsylvania were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $675,500, slightly above the $610,000 median across all years.

Beer, Wine, and Liquor Retailers acquisition loans in Pennsylvania by year

How often do these acquisition loans fail?

Of the 30 Beer, Wine, and Liquor Retailers in Pennsylvania 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. 15 have already been paid in full.

For comparison, Beer, Wine, and Liquor Retailers in Pennsylvania 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.

Related

• All Pennsylvania acquisitions
• Beer, Wine, and Liquor Retailers nationally
• Beer, Wine, and Liquor Retailers in California
• Beer, Wine, and Liquor Retailers in Colorado
• Beer, Wine, and Liquor Retailers in Georgia
• Beer, Wine, and Liquor Retailers in New York
• Beer, Wine, and Liquor Retailers in Michigan
• Beer, Wine, and Liquor Retailers in New Jersey
• Beer, Wine, and Liquor Retailers in Texas
• Beer, Wine, and Liquor Retailers in Maryland
• Full-Service Restaurants in Pennsylvania
• Limited-Service Restaurants in Pennsylvania
• Hotels and Motels in Pennsylvania
• Plumbing, Heating, and Air-Conditioning Contractors in Pennsylvania
• Landscaping Services in Pennsylvania
• General Automotive Repair in Pennsylvania
• All Other Specialty Trade Contractors in Pennsylvania
• Snack and Nonalcoholic Beverage Bars in Pennsylvania

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.