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Compare Liquor Store Loans for Your Business

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Loan Overview

Loan Amount Up to $500,000
Estimated Repayment Terms 1-5 Years
Interest Rate Starting at 7%
Speed of Funding As fast as 1 day

Whether a martini or a mojito, people love a good cocktail. While it’s easy to believe the wine and spirits industry never experiences a lull, your business could. Here are some top financing options if you’re looking for liquor store loans, as well as ways you can use your funds.

Financing Your Liquor Store for Success

In many cases, you can use a loan any way you choose: boost your cash flow, finance everyday operations, invest in expansion and more. Here are some other instances when you might consider obtaining liquor store financing.

Purchase Inventory

When you need to restock your shelves and don’t have enough inventory in your stockroom, it’s time to put in an order. However, you might not have the cash on hand or in reserves to do so. If you need to meet a supplier’s minimum purchase to order or need an influx of funds to meet your customers’ demands, consider how a liquor store loan can help you.

Buy Fixtures

Are you looking to update your shelving units and display fixtures? Perhaps your store has seen better days and you’re looking to upgrade your wine racks or buy heavy-duty shelves for your back room. A small business loan for your liquor store could provide you with the funds you need to complete your design purchases.

Cover Rent

When business slows, it can be difficult to make ends meet. If you can’t pay rent, though, you have no business. Short-term financing may be an option to get you through a crunch and keep things running smoothly.

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Best Liquor Store Loan and Financing Options

While many consider the alcohol industry to be recession proof, you know that’s not quite true. Like all businesses, you’ve experienced your ups and downs. Maybe your ups have outnumbered the downs and you’re looking to keep growing. Or perhaps you’ve had one too many downs and need a boost. Whatever the case, here are some financing options that can help.

SBA Loans

If you’re in search of an SBA loan for your liquor store business, you have several options. Lenders that partner with the U.S. Small Business Administration (SBA) offer competitive rates and terms. Because the SBA guarantees a portion of each loan offered by a partner lender, lenders are more inclined to approve borrowers that may have been turned down for a conventional bank loan.

Two well-known SBA loan options that offer business capital include the standard 7(a) loan and the SBA Express loan.

SBA Express loans offer the quickest option, with funding available in as few as 30 days. Financing needs can’t exceed $350,000. The current maximum interest rate lenders can charge for an SBA Express loan is Prime plus 6.5% for loans of $50,000 or less and Prime plus 4.5% for loans more than $50,000. The U.S. Prime Rate was 4.75%, as of February 4, 2020.

SBA 7(a) loans, in contrast, allow approved borrowers funding up to $5 million. Repayment terms range from 5-10 years for working capital and machinery, or 25 years for real estate. Use funding to purchase another building, renovate your storefront, refinance debt and more. Interest rates will vary depending on the loan amount and repayment term. Variable rates on standard SBA 7(a) loans range from a base rate plus 2.25%-4.75%.

If your credit score is at least in the 620-650 range you could be eligible for an SBA loan for your liquor store.

Lines of Credit

If your liquor store financing needs vary throughout the year, consider this flexible funding option. With a business line of credit, you’re approved for a maximum credit line, let’s say $10,000. The funds are there when you need them. You’re charged interest only on the amount you deduct from your $10,000 credit line.

As you repay the amount you borrowed from your credit line, the amount you pay down is added back into your credit line. Your funds continue to be replenished that way until the end of your term. Use your line of credit for liquor store inventory financing, working capital and more. There are no limits on how you can use your funds. Credit lines are typically available to borrowers with a minimum credit score of at least 560-575.

Term Loans

One small business loan for liquor store owners is the term loan. Apply for a few thousand dollars or several hundred thousand. Term loans can be short-term, intermediate-term or long-term, with repayments ranging from a few months to years depending on the loan type. Payments may occur daily, weekly or monthly depending on your terms.

Short-term loans have less stringent credit score requirements, often between 540-560, with longer business term loans requiring higher minimum credit scores, for instance, 600+. Interest rates vary depending on a number of additional factors, such as loan repayment term, loan amount and lender.

Merchant Cash Advances

merchant cash advance (MCA) is a same-day funding option offered by many non-bank lenders. Consider an MCA if your credit score is in the 500s and you’ve been in business for less than a year.

How does it work? With a merchant cash advance, you receive a lump sum of capital as an advance on your business’s future sales. To repay your advance and fees, you’ll likely be set up on a daily repayment schedule. Repayment terms can range from a few months to more than a year.

Additionally, instead of an interest rate, your repayment is based on a factor rate, expressed as a decimal figure (e.g., 1.2). To calculate your total repayment, you’d multiply your factor rate by your advance amount.

Where to Find Liquor Store Loans

You have your fair share of lenders to turn to when you’re in search of a liquor store loan. Here’s a brief breakdown of the differences between banks and alternative, non-bank lenders:


If time is on your side and you have an established business and good credit, financing through a conventional bank or credit union could be your best option for funding your liquor store. These lenders generally offer lower interest rates and longer repayment terms than online lenders.

To have your application considered, you may need:

  • A minimum credit score of 650
  • Assets to offer as collateral, such as invoices, equipment and real estate
  • Financial documentation, such as bank statements, income statements, tax returns, business plan (1-3 years could be required in some cases)

Alternative Online Lenders

If you favor speed and efficiency or your credit is less than perfect, an alternative, non-bank lender could be your go-to. The approval requirements are less stringent than you’d find with banks. In fact, applications can be completed online in just a few minutes and funding can be as quick as the same day. To hedge their risk, online lenders have shorter repayment periods and higher interest rates than you’d find with conventional banks.

What You Need to Apply for Liquor Store Loans or Financing

While application requirements vary by loan type and lender, at Fast Capital 360, we have financing available for business owners who meet the following criteria:

  • Time in Business 4 months
  • Yearly Revenue $100,000
  • FICO score 500 +

Then simply provide us with the following information:

  • Basic details about yourself and your company
  • 4 most recent monthly bank statements

Apply With Fast Capital 360

Ready to apply for your liquor store financing? Here’s what we offer:


Save Time

Complete our secure online application in less time than it would take you to replace wiper blades. Then we’ll provide you with a response within 24 hours.


Get Multiple Loan Offers

We partner with reputable lenders throughout the country that offer various financing options. As a result, you could receive up to 20 offers to compare.


Receive Expert Advice

At Fast Capital 360, you’ll be assigned a Business Advisor who will guide you throughout the application process. Your dedicated specialist will help you review loan offers and terms so you can decide which funding option is best for your business needs.

One application. Multiple loan offers.

Quickly compare loan offers from multiple lenders without impacting your credit score.

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