Drinking Places (Alcoholic Beverages) acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 30 7(a) loans to buy an existing business classified as Drinking Places (Alcoholic Beverages) in Pennsylvania, totaling $17.4M. The median loan was $272,500. That is 1.7% of the 1,765 acquisition loans in Pennsylvania.
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How this compares
The median Drinking Places (Alcoholic Beverages) loan in Pennsylvania is 49% lower than the $535,000 median for all Pennsylvania acquisitions, and 16% 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 2.1% of seasoned Pennsylvania acquisition loans of any type.
Drinking Places (Alcoholic Beverages) acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $450K | $225,000 | |
| FY2019 | 8 | $4M | $230,000 | |
| FY2020 | 5 | $1.6M | $340,000 | |
| FY2021 | 4 | $583K | $141,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 3 | $5.5M | $1,910,000 | |
| FY2024 | 4 | $1.8M | $392,500 | |
| FY2025 | 3 | $1.9M | $700,000 | |
| FY2026 | 1 | $1.5M | $1,488,000 |
How often do these acquisition loans fail?
Fewer than 20 Drinking Places (Alcoholic Beverages) in Pennsylvania 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 | Northwest Bank | 7 | 23.3% | $1.7M | |
| 2 | Wilmington Savings Fund Society FSB | 2 | 6.7% | $3.9M | |
| 3 | Beacon Bank and Trust | 2 | 6.7% | $2.5M | |
| 4 | First Bank | 2 | 6.7% | $1.7M | |
| 5 | First Commonwealth Bank | 2 | 6.7% | $762K |
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 Pennsylvania run?
The median SBA 7(a) loan was $272,500 across 30 loans (FY2018 to FY2026), with the middle half between $156,750 and $683,750. 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 Pennsylvania?
Northwest Bank (7), Wilmington Savings Fund Society FSB (2), Beacon Bank and Trust (2), First Bank (2), First Commonwealth Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Drinking Places (Alcoholic Beverages) acquisition loans fail in Pennsylvania?
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 Pennsylvania?
None of the 30 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Pennsylvania acquisitions
- Drinking Places (Alcoholic Beverages) nationally
- Drinking Places (Alcoholic Beverages) in Wisconsin
- Drinking Places (Alcoholic Beverages) in Illinois
- Drinking Places (Alcoholic Beverages) in Michigan
- Drinking Places (Alcoholic Beverages) in Minnesota
- Drinking Places (Alcoholic Beverages) in New York
- Full-Service Restaurants in Pennsylvania
- Limited-Service Restaurants in Pennsylvania
- Hotels and Motels in Pennsylvania
- Beer, Wine, and Liquor Retailers 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
Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.