Brewery, Winery and Distillery Feasibility Study in Missouri

Producers, not taverns

The Missouri file for beverage manufacturing is a producer's file. It holds 68 approvals between FY2017 and FY2026 for $32.8 million, which places the state 20 of 53 on volume, and the class sits 13 of 39 among Missouri asset types. Beside a 1.06x location quotient and a median loan of $287,050 (0.99x the national median), this cell is almost exactly average in weight and size. Outcome shows a split: 8.8% of the 34 loans disbursed during FY2017 to FY2021 are charged off at this point, but 0.00% were inside five years. The class here covers breweries, wineries and distilleries by the borrower's industry code.

Lenders, programs and places

Half of the loans run from $150,000 to $540,250. The mix is less 7(a)-heavy than most classes: 7(a) accounts for 52 of the loans and 504 for 16. No franchise lending appears. OakStar Bank tops the 7(a) side at 11 loans and $4.4 million, and Southern Bank follows with 5 for $2.2 million. Rural Missouri, Inc. is the 504 sponsor with 6 loans for $5.2 million. Jackson County shows 13 loans, Greene County 12, Saint Louis City 10 and Saint Louis County 7, while Saint Charles County has 4. Activity peaked at 12 loans in FY2021 and 11 in FY2022, and FY2024 produced the largest dollar year at $9.1 million from 9 loans. The file shows no FY2026 approvals.

By code, the borrower makes beer, wine or spirits. It does not show whether a taproom, tasting room or event space brings in part of the revenue, so a reader cannot tell a pure wholesale producer from a destination venue. This class also includes wineries, and it leaves out the rest of manufacturing. Treat the cell as producers of drinks, not as a restaurant or hospitality category.

Cancellation floors and what to test

Cancellation reached 7.9% at least among the FY2017 to FY2024 approvals, with the same 7.9% as the ceiling. Combined with the 8.8% charge-off floor, the picture is a class where charge-offs so far have come after the fifth year. A Missouri brewery, winery or distillery plan needs to test demand for the product itself: distribution through distributors, direct sales and on-site visitors, along with excise and licensing rules. Equipment is the main cost, so tanks, stills and presses should be quoted and compared with a typical ticket near $287,050. Debt service coverage needs a realistic ramp in volume and a working capital cushion for aging, and the appraisal should separate equipment, building and business value.