Beck Suppliers Inc resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing business operating under a Beck Suppliers Inc brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $7.2M. The median loan was $890,500, 38% higher than the $645,250 median for all SBA-financed acquisitions. 1 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Beck Suppliers Inc resale loans landed between $668,750 and $1,712,250.
- Lender experience exists. The Huntington National Bank alone has financed 2 Beck Suppliers Inc resales.
- Guaranty. The SBA guaranteed 76% of the dollars lent here.
- What the file leaves out. The SBA file does not record the terms of the brand or supply agreement.
Financing a Beck Suppliers Inc resale
The median SBA 7(a) loan for a Beck Suppliers Inc resale was $890,500 across 6 loans (FY2018 to FY2026). The Huntington National Bank, Celtic Bank Corporation and FCN Bank, National Association have financed the most Beck Suppliers Inc resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Beck Suppliers Inc acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $3.2M | $1,580,000 | |
| FY2020 | 1 | $605K | $605,000 | |
| FY2021 | 1 | $532K | $532,000 | |
| FY2022 | 1 | $921K | $921,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $2M | $1,976,000 |
How often do these acquisition loans fail?
Fewer than 20 Beck Suppliers Inc acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Lenders financing Beck Suppliers Inc resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 33.3% | $1.4M | |
| 2 | Celtic Bank Corporation | 1 | 16.7% | $2.3M | |
| 3 | FCN Bank, National Association | 1 | 16.7% | $2M | |
| 4 | The Fahey Banking Company | 1 | 16.7% | $921K | |
| 5 | Bank of Hope | 1 | 16.7% | $605K |
States where Beck Suppliers Inc units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ohio | 6 | 100.0% | $7.2M |
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Questions buyers ask
How much do buyers borrow to buy a business operating under a Beck Suppliers Inc brand or supply agreement?
The median SBA 7(a) loan for a Beck Suppliers Inc resale was $890,500 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $668,750 to $1,712,250. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Beck Suppliers Inc acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Beck Suppliers Inc (2, 33% of the total). Celtic Bank Corporation, FCN Bank, National Association, The Fahey Banking Company follow.
What interest rate and term do Beck Suppliers Inc acquisition loans carry?
The average initial rate at approval was 6.58% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Beck Suppliers Inc resale riskier than other SBA-financed acquisitions?
Too few Beck Suppliers Inc acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Beck Suppliers Inc units being bought with SBA loans?
Ohio (6). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Gasoline Stations with Convenience Stores acquisitions
- Ohio acquisitions
- The Huntington National Bank
- Celtic Bank Corporation
- Bank of Hope
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Beck Suppliers Inc - Contract of Sale (Branded)" (franchise code S3409). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.