Christensen Inc. resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 26 7(a) loans to buy an existing business operating under a Christensen Inc. brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $46.1M. The median loan was $1,582,500, 145% higher than the $645,250 median for all SBA-financed acquisitions. 7 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Christensen Inc. resale loans landed between $973,000 and $2,261,750.
- Lender experience exists. Open Bank alone has financed 5 Christensen Inc. resales.
- Guaranty. The SBA guaranteed 75% 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 Christensen Inc. resale
The median SBA 7(a) loan for a Christensen Inc. resale was $1,582,500 across 26 loans (FY2018 to FY2026). Open Bank, Commonwealth Business Bank and Mountain Pacific Bank have financed the most Christensen 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%.
Christensen Inc. acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $8.8M | $1,728,000 | |
| FY2019 | 2 | $1.6M | $799,500 | |
| FY2020 | 2 | $1.9M | $972,500 | |
| FY2021 | 5 | $10.2M | $2,111,000 | |
| FY2022 | 1 | $1.5M | $1,525,000 | |
| FY2023 | 3 | $5M | $1,364,000 | |
| FY2024 | 1 | $679K | $679,000 | |
| FY2025 | 4 | $6.8M | $1,738,000 | |
| FY2026 | 3 | $9.6M | $2,940,000 |
How often do these acquisition loans fail?
Fewer than 20 Christensen 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Lenders financing Christensen Inc. resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Open Bank | 5 | 19.2% | $12M | |
| 2 | Commonwealth Business Bank | 3 | 11.5% | $5.7M | |
| 3 | Mountain Pacific Bank | 3 | 11.5% | $5.5M | |
| 4 | Hanmi Bank | 3 | 11.5% | $2.4M | |
| 5 | PCB Bank | 2 | 7.7% | $3.4M | |
| 6 | UniBank | 2 | 7.7% | $3.3M | |
| 7 | Southwestern National Bank | 2 | 7.7% | $2.8M | |
| 8 | Bank of Hope | 1 | 3.8% | $3.2M | |
| 9 | Celtic Bank Corporation | 1 | 3.8% | $2.1M | |
| 10 | Readycap Lending, LLC | 1 | 3.8% | $2M |
States where Christensen Inc. units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 21 | 80.8% | $37.7M | |
| 2 | Oregon | 3 | 11.5% | $5.6M | |
| 3 | Idaho | 2 | 7.7% | $2.8M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a business operating under a Christensen Inc. brand or supply agreement?
The median SBA 7(a) loan for a Christensen Inc. resale was $1,582,500 across 26 loans (FY2018 to FY2026). The middle half of loans ran from $973,000 to $2,261,750. 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 Christensen Inc. acquisitions?
Open Bank has made the most SBA acquisition loans for Christensen Inc. (5, 19% of the total). Commonwealth Business Bank, Mountain Pacific Bank, Hanmi Bank follow.
What interest rate and term do Christensen Inc. acquisition loans carry?
The average initial rate at approval was 7.04% (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 Christensen Inc. resale riskier than other SBA-financed acquisitions?
Too few Christensen 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 Christensen Inc. units being bought with SBA loans?
Washington (21), Oregon (3), Idaho (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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Gasoline Stations with Convenience Stores acquisitions
- Washington acquisitions
- Oregon acquisitions
- Idaho acquisitions
- Open Bank
- Commonwealth Business Bank
- Mountain Pacific Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Christensen Inc. - Product Sales Agreement" (franchise code S2237). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.