How to Obtain a Liquor Store Loan for Your Business | Financing and Loans for Liquor Stores

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How to Obtain a Liquor Store Loan for Your Business | Financing and Loans for Liquor Stores

Get the capital you need to grow your business.
We have the resources and experience to help your business succeed.

Get Started

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Money Financial Group offers financing options for consumer and commercial businesses. We believe in thinking outside the box. MFG has the underwriting creativity and expertise to approve more customers than any other finance company. We also understand that every customer has unique needs, and our mission is to help meet those needs. In many cases, you will find that we can approve applicants with a high debt-to-income ratio, limited income, or low credit profile.

Understanding Liquor Store Loans & Business Funding:

Liquor store loans encompass a diverse range of small business financing options tailored to the unique requirements of liquor store business owners. While there is no formal designation for “liquor store business loans,” several funding options cater to the specific needs of liquor store businesses. These include the renowned Small Business Administration (SBA) 7(a) loan, traditional short- or long-term loans from banks and online lenders, unsecured business loans, business lines of credit, commercial mortgages, and even merchant cash advances. For those also involved in the bar business, there are specialized loans designed for bar owners, options such as helping obtain a liquor license.

How Liquor Store Loans & Financing a Liquor Store Works:

In essence, getting a loan for a liquor store is similar to other small business loans. They provide a lump sum of cash with an agreed-upon interest rate and a predetermined repayment schedule, ranging from a few months to as long as 25 years. When evaluating your eligibility for a liquor store loan, lenders typically consider factors such as your business's revenues, the duration of your operation, your plan for utilizing the borrowed funds, available collateral, and both your business and personal credit scores.

Types of Business Loans Available & Liquor Store Financing:

1. Business Term Loans:

Business term loans, including bank loans from credit unions and online lenders, allow you to borrow a fixed amount of money repaid with interest over a set schedule, which could span from months to many years. The SBA 7a loan through the Small Business Administration offers favorable terms, including low rates, high loan amounts, and extended payback periods. However, it requires excellent credit to qualify. Alternatively, short- or long-term loans from online lenders offer a quicker and more accessible option, though typically with higher interest rates and fees.

2. Equipment Financing:

For those looking to purchase equipment such as point-of-sale systems, display fixtures, or computers for their liquor business, equipment financing provides a viable solution. This type of small business financing involves obtaining a quote for the desired equipment, with the lender fronting a significant portion of the cost. The equipment purchased serves as collateral for the loan.

3. Business Line of Credit:

Unlike loans that provide a lump sum upfront, a revolving line of credit offers access to cash up to a pre-approved maximum. This revolving credit allows you to withdraw and repay funds as needed, with interest paid only on the amount used. It's a flexible option, particularly helpful for addressing temporary cash flow issues or seizing unexpected opportunities.

4. Commercial Real Estate Financing:

Whether you are looking to buy a liquor store, thinking of expanding a liquor business or opening a new liquor store, commercial real estate financing provides loan options that can help. Opting to purchase property for your liquor store or refinancing an existing mortgage requires specialized financing. Commercial real estate loans, utilizing the purchased property as collateral, can offer low-interest rates and extended repayment terms, making them a strategic choice for long-term stability.

5. Merchant Cash Advance:

While not technically a loan, a merchant cash advance (MCA) provides an advance on future liquor sales. This involves selling your future revenue at a discount to an MCA provider, with the provider deducting a percentage of your daily credit and debit card sales to collect their money. While this offers quick access to a lump sum of cash, it tends to be costlier than other financing options.

6. Business Acquisition Loans:

If your goal is to buy an existing liquor store or acquire a competitor, a business acquisition loan may be a suitable option. Specifically designed for small businesses looking to acquire another, this loan type may offer favorable rates if the target store's assets provide sufficient collateral. Many liquor stores seek to purchase other successful liquor stores as this is common in retail business. However, it's crucial to note that a business acquisition loan is time-sensitive and can only be used for the agreed-upon purpose.

4 Steps to Obtaining a Liquor Store Business Loan:

1. Finding Out What Kind of Loan You Want:

With a plethora of business loan options for liquor stores, the first step is narrowing down the type of financing that best aligns with your liquor store's needs. A critical consideration is your personal and business credit, time in business, and annual revenues to determine eligibility for various financing options. For those with strong financials, SBA financing might be ideal, while those with specific use cases may explore targeted loans such as equipment or commercial real estate loans.

2. Determining the Loan Amount You Need:

Once the type of loan is determined, creating a comprehensive budget is the next crucial step. Assess the specific purpose of the loan and calculate the necessary amount to achieve your goals. Consider the total amount needed to finance the business needs. However, it's advisable to add a buffer to the budget to account for unforeseen setbacks or expenses. Additionally, ensuring that monthly loan payments are manageable is vital to avoid the risk of default.

3. Gathering Documents:

Loan applications typically require various documents about your business. These may include tax returns, financial statements (such as profit and loss statements and bank account statements), corporation or LLC paperwork, your business plan or proposal for fund utilization, and your owner's photo ID. Preparing these documents in advance streamlines the application process.

4. Applying for Your Loan:

The application process varies depending on the lender. SBA loan applications may be lengthy and intricate, while online lenders often have shorter, more straightforward applications. Having all necessary documents in order before applying ensures a smoother process. Some lenders allow online applications with the option to link bank accounts directly, while others may require in-person or phone applications. Turnaround time also varies, with online lenders providing quicker responses compared to the lengthier process associated with SBA loans.

Uses for Business Loans for Liquor Stores:

1. Expansion:

Liquor store loans empower owners to renovate existing stores, expand their current locations, or venture into opening new stores. Loans can also help liquor store owners with liquor store acquisition should they wish to purchase another business. The investment is designed to generate additional revenue, facilitating a prompt repayment of the loan.

2. Emergencies:

Unforeseen events such as major storms, pandemics, or disruptions in the supply chain can significantly impact a liquor store's operations. Small business financing, particularly through a business line of credit, acts as a financial cushion, providing liquidity during emergencies.

3. Payroll:

Ensuring timely payment to employees is essential for maintaining a motivated and efficient workforce. The business may utilize short-term business loans, business lines of credit, or merchant cash advances to cover payroll during periods of tight cash flow.

4. Technology Upgrades:

Investing in technology upgrades, such as a new point-of-sale system, cloud-based business management tools, or an e-commerce site, can enhance operational efficiency and customer experience. Liquor store loans facilitate the adoption of cutting-edge technology, ultimately saving time and boosting profits.

5. Inventory:

Given that liquor stores need to maintain specific stock, inventory is a significant expense, these loans can help provide the financial means to strategically stock up before peak seasons, capitalize on favorable purchase opportunities, and meet rising demand for specific products. 

6. Marketing and Advertising:

Promoting your liquor store effectively is vital for attracting and retaining customers. Store owners may use the funds to invest in marketing and advertising campaigns, both online and offline. This may include social media advertising, local promotions, and even collaborations with other businesses to enhance visibility and customer engagement.

7. Staff Training and Development:

Running a liquor store is not easy. A well-trained staff can contribute significantly to the success of a liquor store. Allocating funds from a business loan to staff training and development programs ensures that your employees stay updated with industry trends, product knowledge, and customer service skills. This investment can enhance the overall customer experience and build a loyal customer base.

Liquor Store Loan Type: Best Options for Getting a Liquor Store Loan in 2024:

As we look ahead to 2024, certain liquor store financing options stand out as particularly advantageous:

1. Merchant Cash Advance for Liquor Stores:

Ideal for businesses with a substantial portion of their annual revenue coming from credit card sales, a merchant cash advance offers a lump sum of cash upfront. Repayments are structured based on a fixed percentage of future credit card sales, usually on a daily or weekly basis. This option is accessible for those with subpar credit scores and provides flexibility in terms.

2. Business Line of Credit for Liquor Stores:

A business line of credit is a revolving credit option that provides flexibility for liquor store owners. With no fixed terms, owners can draw and repay funds as needed, paying interest only on the actual amount borrowed. This option offers lower fees compared to many other financing options, making it an attractive choice for working capital needs.


In navigating the landscape of liquor store loans, adopting a strategic approach is paramount. Understanding the diverse options available, assessing your business's specific needs, and following a well-defined process for securing the right loan are crucial steps toward positioning your liquor store for success in 2024 and beyond. Whether it's expanding your business, navigating emergencies, upgrading technology, or managing inventory, the right liquor store loan can be a catalyst for sustained growth in the competitive spirits market.

Some funding options are based on the purchase of a portion of future business revenue generated from sales of the applicant’s business. Funding options are not available in all states and are subject to certain eligibility requirements and approval. Pre-Qualification is not a guarantee of approval, but rather the minimum qualification criteria. The cost varies depending on certain factors such as, but not limited to: industry and time in business. Payment frequency and terms vary by transaction and product type. Approval and Funding time-frames vary by transaction, product type, and submission day and time