Beer, Wine, and Liquor Retailers acquisitions in Rhode Island: SBA loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing business classified as Beer, Wine, and Liquor Retailers in Rhode Island, totaling $12.2M. The median loan was $765,000. That is 7.6% of the 144 acquisition loans in Rhode Island.
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How this compares
The median Beer, Wine, and Liquor Retailers loan in Rhode Island is 76% higher than the $433,750 median for all Rhode Island acquisitions, and 18% higher than the $650,000 median for Beer, Wine, and Liquor Retailers acquisitions nationwide (1,736 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 1.4% of seasoned Beer, Wine, and Liquor Retailers acquisition loans were charged off, and 3.1% of seasoned Rhode Island acquisition loans of any type.
Beer, Wine, and Liquor Retailers acquisition loans in Rhode Island by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $3.2M | $1,585,000 | |
| FY2021 | 1 | $423K | $422,500 | |
| FY2022 | 2 | $2.4M | $1,188,500 | |
| FY2023 | 2 | $4.6M | $2,312,200 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 4 | $1.6M | $385,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Beer, Wine, and Liquor Retailers in Rhode Island 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 | Rockland Trust Company | 5 | 45.5% | $3.8M | |
| 2 | Eastern Bank | 3 | 27.3% | $3.9M | |
| 3 | South Shore Bank | 1 | 9.1% | $2.7M | |
| 4 | Navigant CU | 1 | 9.1% | $1.4M | |
| 5 | Beacon Bank and Trust | 1 | 9.1% | $500K |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Beer, Wine, and Liquor Retailers acquisitions in Rhode Island run?
The median SBA 7(a) loan was $765,000 across 11 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 Beer, Wine, and Liquor Retailers acquisitions in Rhode Island?
Rockland Trust Company (5), Eastern Bank (3), South Shore Bank (1), Navigant CU (1), Beacon Bank and Trust (1).
How often do Beer, Wine, and Liquor Retailers acquisition loans fail in Rhode Island?
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 Beer, Wine, and Liquor Retailers acquisitions in Rhode Island?
None of the 11 loans in this combination were recorded with a franchise brand.
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Related
- All Rhode Island acquisitions
- Financing one? How to get an SBA loan to buy a liquor store
- 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
Small samples move a lot: each loan in this combination is 9% of the count. Industry is the NAICS code the lender recorded. See the methodology.