Buying a Big Frog Custom T-Shirts & More franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Big Frog Custom T-Shirts & More (classified mostly as Clothing and Clothing Accessories Retailers), totaling $2.8M. The median loan was $197,500, 69% lower than the $645,250 median for all SBA-financed acquisitions. 3 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 Big Frog Custom T-Shirts & More resale loans landed between $179,375 and $335,625.
- Lender experience exists. BayFirst National Bank alone has financed 2 Big Frog Custom T-Shirts & More resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Big Frog Custom T-Shirts & More resale
The median SBA 7(a) loan for a Big Frog Custom T-Shirts & More resale was $197,500 across 6 loans (FY2018 to FY2026). BayFirst National Bank, Live Oak Banking Company and Citizens Bank have financed the most Big Frog Custom T-Shirts & More 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%.
Big Frog Custom T-Shirts & More acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $150K | $150,000 | |
| FY2021 | 1 | $175K | $175,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $193K | $192,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $1.9M | $928,750 | |
| FY2026 | 1 | $380K | $380,000 |
How often do these acquisition loans fail?
Fewer than 20 Big Frog Custom T-Shirts & More 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.
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Lenders financing Big Frog Custom T-Shirts & More resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 2 | 33.3% | $378K | |
| 2 | Live Oak Banking Company | 1 | 16.7% | $1.7M | |
| 3 | Citizens Bank | 1 | 16.7% | $380K | |
| 4 | MY CU | 1 | 16.7% | $193K | |
| 5 | The Bancorp Bank National Association | 1 | 16.7% | $150K |
States where Big Frog Custom T-Shirts & More units are bought
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How lenders classify Big Frog Custom T-Shirts & More
Lenders code each loan to a NAICS industry. For Big Frog Custom T-Shirts & More the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Clothing and Clothing Accessories Retailers | 2 | 33.3% | $530K | |
| 2 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 2 | 33.3% | $378K | |
| 3 | Commercial Screen Printing | 1 | 16.7% | $1.7M |
Questions buyers ask
How much do buyers borrow to buy a Big Frog Custom T-Shirts & More franchise?
The median SBA 7(a) loan for a Big Frog Custom T-Shirts & More resale was $197,500 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $179,375 to $335,625. 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 Big Frog Custom T-Shirts & More acquisitions?
BayFirst National Bank has made the most SBA acquisition loans for Big Frog Custom T-Shirts & More (2, 33% of the total). Live Oak Banking Company, Citizens Bank, MY CU follow.
What interest rate and term do Big Frog Custom T-Shirts & More acquisition loans carry?
The average initial rate at approval was 8.33% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Big Frog Custom T-Shirts & More resale riskier than other SBA-financed acquisitions?
Too few Big Frog Custom T-Shirts & More 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 Big Frog Custom T-Shirts & More units being bought with SBA loans?
Florida (2), Arkansas (1), Georgia (1), Minnesota (1), Nebraska (1). 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 Clothing and Clothing Accessories Retailers acquisitions
- Florida acquisitions
- Arkansas acquisitions
- Georgia acquisitions
- BayFirst National Bank
- Live Oak Banking Company
- Citizens Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Big Frog Custom T-Shirts & More" (franchise code S0215). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.