Florida Liquor License Loan FAQs

Quota liquor licenses authorize the sale of beer, wine, and liquor. They are limited in the number issued for each county. For every 7,500 people residing in the county, one quota liquor license is made available for issuance. In order to purchase a quota license, you must locate an existing license available for sale. The licenses are specific to the county in which they are issued and may not be moved to any other county.

Do you like to save money? With a foreclosed liquor license, you don’t have to worry about a transfer fee. You will also be assured that the license you are buying is free of all liens or debt.

As little as 25% down. Provantage Group will finance up to 75% of the license value.

Yes, the loan is based on the value of the liquor license and there are no background or credit checks involved for financing. You do not need to produce financial statements or any other credit verification.

We can close as quickly as 5-10 business days.

Yes – many borrowers want to preserve their capital when they are just starting their business then pay interest and principal once they achieve stability.

The typical liquor license financing term is amortized over 10 years to keep monthly payments low, with a balloon payment at the end of 5 years. Most borrowers then choose to refinance with us at the end of the financing term. We specialize in individually tailored financing options and can amortize over a straight term with no balloon or amortize over longer terms.

Yes, we finance or refinance for up to 75% of the current fair market value of the license, which is determined by simple supply and demand in the county where the liquor license is issued.

Absolutely. Our attorneys can prepare all documents to assign the loan to the new borrower and pay off the current lender.

The lender charges an origination fee which varies according to the amount of the loan. Other than that, you only pay attorneys’ fees for preparing the loan closing documentation, performing due diligence and lien recording costs.

Call or email us at sales@provantagegroup.com so we can discuss your specific needs. Once we set up the terms, we will email you a loan commitment to sign and return, after which our attorneys prepare the loan documents to email you for execution and return. Once we have the executed loan documents and the lien is recorded, the loan is funded via wire transfer or overnight delivery of an attorney trust account check.