Buying a Bin There...Dump That franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Bin There...Dump That (classified mostly as Solid Waste Collection), totaling $5.7M. The median loan was $942,000, 46% higher than the $645,250 median for all SBA-financed acquisitions. 4 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 Bin There...Dump That resale loans landed between $183,500 and $1,319,750.
- Lender experience exists. The Huntington National Bank alone has financed 2 Bin There...Dump That resales.
- Guaranty. The SBA guaranteed 74% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Bin There...Dump That resale
The median SBA 7(a) loan for a Bin There...Dump That resale was $942,000 across 7 loans (FY2018 to FY2026). The Huntington National Bank, Pinnacle Bank and Merchants Bank of Indiana have financed the most Bin There...Dump That 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%.
Bin There...Dump That acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $367K | $183,500 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $942K | $942,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $1.8M | $875,150 | |
| FY2026 | 2 | $2.6M | $1,319,750 |
How often do these acquisition loans fail?
Fewer than 20 Bin There...Dump That 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Bin There...Dump That resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 28.6% | $1.8M | |
| 2 | Pinnacle Bank | 2 | 28.6% | $367K | |
| 3 | Merchants Bank of Indiana | 1 | 14.3% | $1.4M | |
| 4 | First Financial Bank | 1 | 14.3% | $1.2M | |
| 5 | German American Bank | 1 | 14.3% | $942K |
States where Bin There...Dump That units are bought
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How lenders classify Bin There...Dump That
Lenders code each loan to a NAICS industry. For Bin There...Dump That the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Solid Waste Collection | 5 | 71.4% | $3.5M | |
| 2 | All Other Consumer Goods Rental | 1 | 14.3% | $942K |
Questions buyers ask
How much do buyers borrow to buy a Bin There...Dump That franchise?
The median SBA 7(a) loan for a Bin There...Dump That resale was $942,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $183,500 to $1,319,750. 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 Bin There...Dump That acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Bin There...Dump That (2, 29% of the total). Pinnacle Bank, Merchants Bank of Indiana, First Financial Bank follow.
What interest rate and term do Bin There...Dump That acquisition loans carry?
The average initial rate at approval was 7.57% (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 Bin There...Dump That resale riskier than other SBA-financed acquisitions?
Too few Bin There...Dump That 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 Bin There...Dump That units being bought with SBA loans?
Michigan (2), Alabama (2), Indiana (1), Texas (1), Ohio (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.
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Solid Waste Collection acquisitions
- Michigan acquisitions
- Alabama acquisitions
- Indiana acquisitions
- The Huntington National Bank
- Pinnacle Bank
- Merchants Bank of Indiana
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Bin There...Dump That" (franchise code S0219). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.