Business Loans for Liquor Stores

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Choosing the Best Liquor Store Business Loan Program

It’s no secret that business owners in the liquor store industry have had difficulty getting financing for their establishments over the years. Whether you go to a credit union or national bank, it is challenging to get any type of liquor store financing or even a bank loan, for that matter. But these are new times, and demand for liquor is high from consumers. Some contemporary alternative lending sources have come into the market, meaning the liquor store industry has more access than ever to small business funding.

Liquor store financing options can be a tricky process, though. Traditional lenders see liquor store loans as risky, which makes qualifying for such loans a serious burden. These lenders won’t give liquor store loans to just anyone; they’ll likely require a liquor store owner to have excellent credit, a robust business plan, and a significant amount of assets in the business. Some could even ask you about your relevant hospitality experiences as well.

AdvancePoint Capital offers a variety of financing options that liquor store owners can take advantage of to get the funding required. Go through our marketplace, which makes it easy to get financing without hassle from the bank.

AdvancePoint Capital has been experienced in loans for liquor stores for years and can help you access the alternative business lending products you need. We understand the difficulties of operating a liquor store and the need for business funding to support it. Our job is to effectively provide the best business funding products to you so you can effectively operate your business. Whether you’re looking to purchase equipment or liquor inventory, need some working capital, expanding operations, or taking on a new opportunity- we are your source.


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The 6 Best Business Loan Options for Liquor Stores

Long-Term Business Loan

Long-term loans are always the most desirable financing option for liquor stores, as they offer the longest terms to repay. These repayment terms typically range from 2 to 7 years. Long-term loans are a lump sum provided upfront with an interest rate starting around 7% and monthly payments over a fixed period. These loans require high credit standards for established stores, with at least two years in business and a significant amount of paperwork necessary for approval.


  • Low interest rates, starting from 7%
  • Term loans from 2 to 7 years to repay
  • Accommodates a larger loan amount
  • Monthly payments

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Long-Term Business Loans

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Short-Term Small Business Loan for Liquor Stores

Short-term loans provide a fixed amount of money repaid over 6 to 18 months, on average. When approved, you get a set sum and a fixed amount you have to pay back. The difference between these amounts is the cost, with a fixed payment auto-deducted from your bank account monthly, bi-weekly, weekly, or in some cases, daily, out of the business’s primary bank account.

Limited paperwork is required, with only a 1-page application and bank statements. The credit requirements for a short-term loan are more lenient than that of banks or traditional term loans due to the reduced risk.


  • Excellent to poor credit score considered
  • Loan amount as little as $10,000 up to $500,000
  • Term loans for 6 to 18 months to repay
  • Lower monthly or annual revenue requirements than those of traditional loans
  • Fast and simple application process with the same day to next day financing

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Short-Term Loans

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Business Line of Credit for Liquor Stores

A business line of credit is a small business financing option that offers a flexible feature that a short-term loan does not. It works like a credit card in that it is a revolving credit line and allows you to draw money out and then repay at any time with you only paying principal and interest on your outstanding balance. Lines of credit have a credit limit that you cannot exceed and is set at the time of consummation. This product is not considered a term loan.

Highlights of a Line of Credit:

  • Ability to draw money at any time from lines of credit
  • Allows borrowers to spend the money, repay it, and spend it again
  • Principal and interest rates starting at 5% for lines of credit
  • Lower costs and fees than most other financing products

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Small Business Administration [SBA] Loans for Liquor Stores

The U. S. Small Business Administration (SBA) is a federal government agency headquartered in Washington DC, providing resources, programs, guidelines, and small business loan guarantees to approved SBA lenders, who then issue loans to small businesses. The Small Business Administration’s mission is to help American enterprises start, build, and grow their businesses successfully.

The SBA is not a lender. Instead, the Small Business Administration provides a guarantee giving SBA-approved lenders the ability to take on risks and decisions under terms that they might not ordinarily agree to on their own. The SBA has all rights reserved for any recourse needed.

SBA loan application processes can be lengthy, but with the help of an experienced SBA-approved lender to help your business through the paperwork, it can be a smooth and efficient experience.

SBA Product Overview

SBA Loan Amount Limits: Up to 5 million
SBA Interest Rates: Starting at 3.50%, treasury index plus 1% to 2.5%
SBA Loan Terms: 3 to 25 years
SBA Fees: Origination fees 0% to 3%
SBA Payments: Fixed monthly
SBA Credit: Good to excellent credit score required
SBA Application Process: Loan application, business assets, and numerous financial statements

U.S. Small Business Administration Loan Programs

SBA Standard 7 (a)  – SBA loan 7(a) is the SBA’s primary program designed to provide financial assistance to businesses with a good track record.

SBA 504 – The SBA 504 Loan is a small business term loan and a powerful economic development loan program that provides business another avenue for funding while promoting business economic development and equity. SBA 504 is typically for significant capital needs like real estate transactions.

The use of proceeds from the SBA 504 loan must be used for fixed assets such as construction, owner-occupied commercial property, or mixed-use real estate. Expected benefits for SBA 504 loans include: repair facilities,  land improvements (and certain soft costs), growth, and expansion, or can also be used to refinance existing debt on your small business.

SBA Disaster Small Business Loan Program/SBA Economic Injury Disaster Loans (EIDL) – This type of SBA loan assists not only small businesses after natural disasters like tornadoes, wildfires, or floods but also during other kinds of emergencies. When Coronavirus (COVID -19) was declared a nationwide pandemic, congress provided small businesses access to relief options like this SBA loan for emergency funding.

SBA Paycheck Protection Program (PPP) – The Small Business Administration has established the SBA Paycheck Protection Program loan in response to COVID-19. This is one of the SBA’s relief options that provides loans to small businesses affected by the Coronavirus (COVID-19) crisis that needs financial assistance.

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SBA Loans

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Merchant Cash Advance for Liquor Stores

Merchant cash advance (also now as future receivables purchase and sale agreements) provides an upfront lump sum of money to the business in exchange for a fixed percentage of the businesses’ future sales. Repayment is typically made daily or weekly. ACH payments can be auto-deducted from a business’s bank account, or the percentage will be taken from future credit card sales until the payback obligation is met.

Terms are expressed as a future sale, so you are given a fixed amount and then responsible for paying back a greater amount through a fixed percentage of future sales. The difference between the amount given and the amount paid back to complete the agreement is your fixed cost. The estimated time to repay is typically 6 to 18 months, but there are no term limits as the repayment is based on future sales, and this product is not considered a term loan.

Benefits of Merchant Cash Advances:

  • Flexible repayment terms attached to future sales
  • Excellent to poor credit score considered
  • Provides funds to owners with Sub Prime Credit
  • Payments fluctuate to future sales controlling the margin of profit

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Business Credit Cards for Liquor Stores

Business credit cards are revolving credit lines with a limit and a minimum monthly payment requirement lower than smaller loans. You are issued a plastic card with an account number that can be used online and in person for any purchases. You only pay interest based on the current principal. This product is not considered a term loan.


  • Can be used 24 hours a day, seven days a week
  • No limitations on the use of funds
  • Flexible monthly payments payments
  • Principal & Interest rates


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Identify Why You Need a Business Loan

The first step in any search is clearly defining why your small business needs the funds. The “why” will direct you many times to the right loan product. Working capital is the most popular reason because there are so many ways it can be used. When cash flow gets tight due to fluctuations in sales, extra capital can provide the buffer needed to carry the business through rough times.Other reasons for the need for business financing include, but not limited to:

Working Capital

Sometimes cash flow can get tight, and a working capital loan is needed to maintain proper levels of money to operate the business.

Business Needs

A new venture that requires a down payment, upfront capital, recruiting key employees, initiating a new business relationship, or research and development.


Common need for eCommerce, manufacturers, and other retailers.

Infrastructure Improvements

This category could include a move to a more prominent location or office that requires capital.

Information Technology & Software

In today’s world, capital may be needed for business needs related to website development and site maintenance, customer relations management software, computers, machines, and other products essential for a business’s success.


Small business owners need funds to promote their business. A variety of advertising strategies include internet marketing, direct mail, radio advertising, flyers, and paper ads, to name a few.


Most small businesses have some type of equipment. Perhaps you’re a business that requires machinery, furniture, medical equipment, construction equipment, computers, or tools. These are common requests from restaurants, auto repair shops, construction industries, medical practices, and manufacturers.

How to Qualify for a Small Business Loan

There are a few factors involved in your approval.

1. Credit Worthiness: Credit Score

How does your personal credit and credit report as a business owner affect qualifying for small business financing?
Personal credit score information of the business owner plays a significant role in determining what, if any, loans you can be approved for by lender loan applications. As a business owner, the better your personal credit is, the more business funding options you will have to choose from. However, it’s essential to know that not all financing offers involve a personal credit check.

How to Understand, Review, and Analyze your Credit
A smart thing to do is pull your own credit information using all three credit bureaus to see your credit scores: Equifax, Experian, and TransUnion. (Be wary of sites that offer you “a credit score” as that may be another credit risk model other than FICO.)

FICO credit score risk model:

What is a good credit score to get approved during a business loan process?

As a rule of thumb, a 750 FICO score and up is Excellent, 720 FICO and higher is good, 680 FICO and higher is Fair, below 680 to 620 FICO is marginal, and below 620 is considered poor. For the most part, the longer the term and the lower cost small business loans will require the highest credit scores and standards.

2. Length of Time

How long you have been in business is a significant factor in determining qualifications and repayment guidelines for loan products. Let’s face it; business lending is a risky business. Business lenders need to see a track record to take a calculated risk in providing you a term loan. Many small businesses don’t make it past the first year in business, so obviously, business lenders will be cautious if you have less than two years in business when providing loans.

3. Financial Statements

What financial documents and information will business lenders need for small company loans?

Business Bank Statements

Almost all small loans will require bank statements to review. Typically three months are needed, but sometimes 6 to 12 months may be necessary if the business is seasonal or has made a considerable loan amount request. Bank statements show business lenders the cash flow activity of the company and your ability, as the business owner, to manage the business’s finances.

Profit & Loss and Balance Statements

These statements provide a more detailed view of the business and its health and may be required for the longer-term and lower-cost term loan options. The good news is that Profit & Loss and Balance Sheet statements typically are not necessary for alternative business lending products.

Business and Personal Tax Return

Some business lenders will need to see tax returns. If that is going to be a challenge, there are a lot of alternative business online lenders who will not require these documents, but keep in mind, most likely, the term loan offers you receive will be impacted by the lack of documentation and therefore be reflected in the costs and repayment guidelines you will be provided.

Benefits of Liquor Store Financing

Cash Flow/Working Capital Loans

Operating small businesses like a liquor store is a complicated venture with many moving parts to it. Various issues can impact the business’s cash flow, like seasonality, holidays, location, changes in trends, and competition. Failure to meet payroll is not an option, so it’s essential to have working capital to control the ups and downs of the business and stabilize cash flow.

Business Facility Expansion/Renovations

Your liquor store may need upgrades or repairs to the real estate/ facility, spruce up the liquor store’s interior décor or exterior appearance to maintain or attract customers and have a competitive edge. Perhaps you’re adding a new location. With so many financing options available, growing your liquor store can come in many forms.

Liquor store financing options can be used to purchase additional inventory for spirits, wine, and beer, lease more space, expand marketing efforts, buy new equipment, or even open up another operation. Also, sprucing up the store’s environment can improve real estate value.

Liquor Store Advertising

What owner doesn’t want more customers? Internet marketing and social medial is not a trend but has become a must for a liquor store owner looking to grow and has added additional costs to the liquor store operation. That’s why financing for marketing campaigns and social media is so popular. Having a presence on the internet with various sources such as Google, Yelp, and Trip Advisor and maintaining a social media presence with Facebook and Instagram Is very important for success.

Your liquor store website and work on search engine optimization help keep your small business on the top of google search. Additionally, more traditional sources like mailers and flyers are also advertising mainstay and costs money to execute.

Point of Sale Systems, Software, and Technology Upgrades

The point of sales system’s out there are continuously improving and providing efficiencies to liquor store operations. Liquor store financing can be used to update systems and create more efficient processes within your operation. Liquor store owners are always looking for new ways to keep customers coming in and improving customer experience or service with easier processes and systems that can significantly impact staff. You must make sure eventual investments in this area are a foregone conclusion and know that financing most likely will be needed.

How Do You Get a Business Loan for a Liquor Store?

There are many options to consider in the liquor business, and with such a wide range of lenders and financing options available, it can be challenging to get started. Lenders will want some pertinent information from liquor store owners, regardless of whether they’re an online lender or a traditional financial institution. This information mainly serves to confirm your small business’s financial history and legitimacy — and liquor store owners should be informed about what information they should have on hand before applying for liquor store loans.

For years, we’ve empowered small businesses around the United States with the best financing opportunities and loan options that people like you can use to fund business operations.

Depending on the liquor store loans you’re looking at, each will have different requirements. However, there are some standard questions that you can expect to run across during your search for loan options.

How Long Has the Liquor Store Been in Business?

Time in business is a standard requirement for liquor store loans — or any type of loan you plan on obtaining as a business owner. A startup beverage shop is far riskier than a seasoned one, which shouldn’t be news to any business owner. However, it’s vital for liquor store owners to understand this fact first and foremost.

Due to the industry’s high risk, lenders must know if you’ve been around for a substantial amount of time. Your time in business shows you’re capable of overcoming obstacles and tackle challenges that come with time in the industry. If so, you’re in much better shape to obtain financing for your beverage distribution establishment.

How Do You Handle Money From the Liquor Store?

There are some documents that many lenders will require so that they can assess a loan. When acquiring any loans, you should always offer business bank statements, personal and business tax returns, profit and loss, income statements, cash flow forecast, and perhaps even more information depending on the liquor store loan itself. This information proves any revenue and profit — which is frequently a big player in whether or not you’ll qualify for loans.

Now, what paperwork you’ll need ultimately depends on the liquor store financing itself. A business cash advance may require one thing, but a term loan is likely to have much harsher requirements. However, all of these documents we mentioned are reasonably typical when attempting to obtain a liquor store loan.

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What Are Your Borrowing Habits?

While many financing options have varying credit score requirements, all of them will require some sort of personal and business credit score as well as overall credit history. Liquor store owners need to show lenders how well they manage loans. It’s all about trust and sound investments when it comes to financing. A credit score is a great way to show banks that your borrowing habits are fruitful for the lender.

Now, even if you have less than stellar credit, there are still liquor store loans that you can seek. However, the interest or terms will be more costly due to bad credit. You won’t see banks or credit unions offer loans to poor credit borrowers. That being said, alternative business finance companies still provide financing opportunities that business owners can take advantage of for working capital or any other need. Make sure you are constantly working to improve your personal credit.

Frequently Asked Questions

This really depends on which liquor store, beer business you’re considering. Different loan options will have unique application requirements — so there’s no one size fits all solution to this question. However, there are some typical avenues that many business owners take to open up a liquor store.

Make sure you have a sound business plan, projected financial statements, ownership and affiliation documents, business certificates or licensure, loan application history, income tax returns, and a resume available. All could play a vital role in opening up a new liquor store. Depending on your lender, you may need to offer up a down payment or real estate as collateral for your loan.

Did you know that liquor stores don’t have to be profitable to get financing? It helps if they do, but it is not required. Liquor stores can be an excellent opportunity since these shops are somewhat recession-proof in the good times and the bad.

It is very common for a liquor store owner to finance inventory such as spirits, wine, and beer when increasing revenue. This request for inventory financing is prevalent during different times of the year, such as holidays.

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