SBA Acquisition Data

Buying a CertaPro Painters franchise: SBA acquisition loan data

Since FY2018, SBA lenders have approved 37 7(a) loans to buy an existing CertaPro Painters (classified mostly as Painting and Wall Covering Contractors), totaling $20.5M. The median loan was $374,000, 42% lower than the $645,250 median for all SBA-financed acquisitions. 9 of these loans were approved in the last two fiscal years.

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acquisition loans
37
FY2018 to FY2026
total approved
$20.5M
gross loan amount
median loan
$374,000
middle half: $200K to $655K
avg initial rate
8.11%
at approval, mixed years
median term
10 years
120 months

What this tells a buyer

  • Price range to expect. Loan size tracks purchase price. Half of CertaPro Painters resale loans landed between $200,000 and $654,500.
  • Lender experience exists. Live Oak Banking Company alone has financed 5 CertaPro Painters resales.
  • Guaranty. The SBA guaranteed 75% of the dollars lent here.
  • What the file leaves out. The SBA file does not record franchisor transfer terms or fees.

Financing a CertaPro Painters resale

The median SBA 7(a) loan for a CertaPro Painters resale was $374,000 across 37 loans (FY2018 to FY2026). Live Oak Banking Company, Bath Savings Institution and Old National Bank have financed the most CertaPro Painters 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%.

CertaPro Painters acquisition loans by year

CertaPro Painters SBA acquisition loans by fiscal year. SBA fiscal years run October 1 to September 30.
Fiscal yearLoansTotal approvedMedian loan
FY2018 0
$0 -
FY2019 3
$1M $250,000
FY2020 2
$795K $397,500
FY2021 5
$2.3M $277,500
FY2022 7
$3.6M $315,000
FY2023 5
$1.4M $112,600
FY2024 6
$2M $327,500
FY2025 5
$4.4M $438,500
FY2026 4
$5M $655,000

How often do these acquisition loans fail?

Fewer than 20 CertaPro Painters 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 CertaPro Painters resales

Lender ranked by SBA acquisition loans
#LenderLoansShareDollars
1Live Oak Banking Company5
13.5%$3M
2Bath Savings Institution2
5.4%$795K
3Old National Bank2
5.4%$694K
4The Huntington National Bank2
5.4%$670K
5First Bank of the Lake2
5.4%$525K
6Customers Bank2
5.4%$499K
7Truliant FCU1
2.7%$3.4M
8Port 51 Lending LLC1
2.7%$2.5M
9TowneBank1
2.7%$999K
10Queensborough National Bank and Trust Company1
2.7%$820K

States where CertaPro Painters units are bought

State ranked by SBA acquisition loans
#StateLoansShareDollars
1California4
10.8%$1.1M
2South Carolina3
8.1%$1.1M
3New Jersey3
8.1%$873K
4Georgia2
5.4%$4.2M
5North Carolina2
5.4%$2M
6New Hampshire2
5.4%$1.2M
7Maryland2
5.4%$984K
8Maine2
5.4%$795K
9Tennessee2
5.4%$694K
10Illinois2
5.4%$690K
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How lenders classify CertaPro Painters

Lenders code each loan to a NAICS industry. For CertaPro Painters the codes used were:

Industry ranked by SBA acquisition loans
#IndustryLoansShareDollars
1Painting and Wall Covering Contractors35
94.6%$18.7M
2All Other Specialty Trade Contractors1
2.7%$820K

Questions buyers ask

How much do buyers borrow to buy a CertaPro Painters franchise?

The median SBA 7(a) loan for a CertaPro Painters resale was $374,000 across 37 loans (FY2018 to FY2026). The middle half of loans ran from $200,000 to $654,500. 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 CertaPro Painters acquisitions?

Live Oak Banking Company has made the most SBA acquisition loans for CertaPro Painters (5, 14% of the total). Bath Savings Institution, Old National Bank, The Huntington National Bank follow.

What interest rate and term do CertaPro Painters acquisition loans carry?

The average initial rate at approval was 8.11% (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 CertaPro Painters resale riskier than other SBA-financed acquisitions?

Too few CertaPro Painters 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 CertaPro Painters units being bought with SBA loans?

California (4), South Carolina (3), New Jersey (3), Georgia (2), North Carolina (2). 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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Related

Brand name as recorded by lenders in the SBA file: "CertaPro Painters" (franchise code S0356). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.