Package stores in a two-state market

Liquor stores are 8 of 39 asset classes in the Kansas City metro, and the location quotient of 1.49x shows the class weighing more in local lending than nationally. SBA lists 65 liquor store loans for FY2017 to FY2026 and $24.8 million approved. A median of $253,700 is only 0.56x the level seen nationwide, while the middle half of Kansas City liquor loans runs $125,000 to $500,000. Among metro and micro areas, Kansas City is 18 of 426 for liquor store loans.

Independent by nature

Franchise share is 0.00%: every loan here is an independent operator. Kansas City counts 58 loans in 7(a) against 7 in 504. Johnson County, KS leads with 33 loans, Jackson County, MO has 11, and Wyandotte County, KS has 5; the area spans Kansas and Missouri.

Holders and years

Four 7(a) holders clear the listing threshold: U.S. Bank, National Association (10 loans, $2.2 million), UMB Bank, National Association (6 loans, $2.2 million), Capitol Federal Savings Bank (6 loans, $665,000) and OakStar Bank (5 loans, $3.9 million). SBA's holder field supports those counts and nothing about how the banks lend. FY2017 stands out with 13 loans and $1.9 million. FY2019 had 8 and $1.4 million, FY2020 had 7 and $3.8 million, FY2021 had 6 and $2.8 million, FY2023 had 10 and $3.2 million, FY2024 had 7 and $3.3 million. FY2018, FY2022, FY2025 and FY2026 are withheld.

Cancellation, charge-off and the metro rule

For FY2017 to FY2024 approvals, at least 11.9% were cancelled after approval, and with undisbursed Kansas City loans counted as cancelled the ceiling stays at 11.9%. Kansas City liquor has no printed charge-off rate, and that is not a zero. A Kansas City loan is counted when its project county, read by name, sits in the July 2023 delineation.

What the Kansas City study has to test

It should cover the state and local licensing path in each of Kansas and Missouri, the nearby competition including grocery sales, and the working capital tied up in stock. The cost side covers build-out, coolers and security. Coverage tests at the quartile edges say more than the $253,700 median alone. Coverage should be run at $253,700 and again at $500,000, and the appraiser should value the real estate, the fixtures and the license-dependent business separately.

SBA liquor store loans in the Kansas City, MO-KS Metro Area

Loans approved, FY2017 to FY2026	65
Gross dollars approved	$24.8 million
Median loan	$253,700
Middle half of loans, from	$125,000
Middle half of loans, to	$500,000
SBA 7(a) loans	58
SBA 504 loans	7
Franchise share of loans	0.00%
Rank among metro and micro areas for liquor store loans	18 of 426
Rank of liquor store among the classes in this area	8 of 39
Location quotient (share of loans against the national share)	1.49x
Median loan against the national median for the class	0.56x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	11.9%
The same, counting loans still undisbursed as cancelled (a ceiling)	11.9%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA liquor store loans approved in the Kansas City, MO-KS Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	13	$1.9 million
FY2018	withheld	withheld
FY2019	8	$1.4 million
FY2020	7	$3.8 million
FY2021	6	$2.8 million
FY2022	withheld	withheld
FY2023	10	$3.2 million
FY2024	7	$3.3 million
FY2025	withheld	withheld
FY2026	withheld	withheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
U.S. Bank, National Association	10	$2.2 million
UMB Bank, National Association	6	$2.2 million
Capitol Federal Savings Bank	6	$665,000
OakStar Bank	5	$3.9 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Johnson County, KS	33
Jackson County, MO	11
Wyandotte County, KS	5

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-28140-C37.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a liquor store project in the Kansas City, MO-KS Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Liquor Store Feasibility Study in the Kansas City, MO-KS Metro Area