Buying a Board & Brush Creative Studios franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing Board & Brush Creative Studios (classified mostly as All Other Miscellaneous Schools and Instruction), totaling $1.1M. The median loan was $64,950, 90% lower 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 Board & Brush Creative Studios resale loans landed between $51,250 and $115,575.
- Lender experience exists. Manufacturers and Traders Trust Company alone has financed 2 Board & Brush Creative Studios resales.
- Guaranty. The SBA guaranteed 73% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Board & Brush Creative Studios resale
The median SBA 7(a) loan for a Board & Brush Creative Studios resale was $64,950 across 10 loans (FY2018 to FY2026). Manufacturers and Traders Trust Company, Centier Bank and Oconee State Bank have financed the most Board & Brush Creative Studios 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%.
Board & Brush Creative Studios acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $237K | $118,400 | |
| FY2020 | 2 | $147K | $73,700 | |
| FY2021 | 2 | $423K | $211,600 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $107K | $53,350 | |
| FY2024 | 1 | $55K | $55,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $81K | $81,000 |
How often do these acquisition loans fail?
Fewer than 20 Board & Brush Creative Studios 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 Board & Brush Creative Studios resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 2 | 20.0% | $390K | |
| 2 | Centier Bank | 2 | 20.0% | $147K | |
| 3 | Oconee State Bank | 1 | 10.0% | $197K | |
| 4 | 1st State Bank | 1 | 10.0% | $81K | |
| 5 | Republic Bank & Trust Company | 1 | 10.0% | $73K | |
| 6 | Members Cooperative Credit Union | 1 | 10.0% | $57K | |
| 7 | New Valley Bank & Trust | 1 | 10.0% | $55K | |
| 8 | Fox Communities CU | 1 | 10.0% | $50K |
States where Board & Brush Creative Studios units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Indiana | 2 | 20.0% | $147K | |
| 2 | Pennsylvania | 1 | 10.0% | $350K | |
| 3 | Georgia | 1 | 10.0% | $197K | |
| 4 | Michigan | 1 | 10.0% | $81K | |
| 5 | Kentucky | 1 | 10.0% | $73K | |
| 6 | Minnesota | 1 | 10.0% | $57K | |
| 7 | Massachusetts | 1 | 10.0% | $55K | |
| 8 | Wisconsin | 1 | 10.0% | $50K | |
| 9 | Maryland | 1 | 10.0% | $40K |
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Board & Brush Creative Studios
Lenders code each loan to a NAICS industry. For Board & Brush Creative Studios the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | All Other Miscellaneous Schools and Instruction | 2 | 20.0% | $147K | |
| 2 | Graphic Design Services | 2 | 20.0% | $138K | |
| 3 | Hobby, Toy, and Game Retailers | 2 | 20.0% | $113K | |
| 4 | All Other Amusement and Recreation Industries | 1 | 10.0% | $350K | |
| 5 | Fine Arts Schools | 1 | 10.0% | $197K |
Questions buyers ask
How much do buyers borrow to buy a Board & Brush Creative Studios franchise?
The median SBA 7(a) loan for a Board & Brush Creative Studios resale was $64,950 across 10 loans (FY2018 to FY2026). The middle half of loans ran from $51,250 to $115,575. 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 Board & Brush Creative Studios acquisitions?
Manufacturers and Traders Trust Company has made the most SBA acquisition loans for Board & Brush Creative Studios (2, 20% of the total). Centier Bank, Oconee State Bank, 1st State Bank follow.
What interest rate and term do Board & Brush Creative Studios acquisition loans carry?
The average initial rate at approval was 7.36% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 7 years.
Is a Board & Brush Creative Studios resale riskier than other SBA-financed acquisitions?
Too few Board & Brush Creative Studios 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 Board & Brush Creative Studios units being bought with SBA loans?
Indiana (2), Pennsylvania (1), Georgia (1), Michigan (1), Kentucky (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.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All All Other Miscellaneous Schools and Instruction acquisitions
- Indiana acquisitions
- Pennsylvania acquisitions
- Georgia acquisitions
- Manufacturers and Traders Trust Company
- Centier Bank
- Oconee State Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Board & Brush Creative Studios" (franchise code S2713). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.