Buying a Christian Brothers Automotive franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing Christian Brothers Automotive (classified mostly as General Automotive Repair), totaling $9.6M. The median loan was $575,000, 11% lower than the $645,250 median for all SBA-financed acquisitions.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Christian Brothers Automotive resale loans landed between $490,350 and $1,134,250.
- Lender experience exists. Renasant Bank alone has financed 3 Christian Brothers Automotive resales.
- Guaranty. The SBA guaranteed 80% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Christian Brothers Automotive resale
The median SBA 7(a) loan for a Christian Brothers Automotive resale was $575,000 across 11 loans (FY2018 to FY2026). Renasant Bank, Third Coast Bank and SouthState Bank, National Association have financed the most Christian Brothers Automotive 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%.
Christian Brothers Automotive acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $498K | $497,700 | |
| FY2019 | 3 | $1.4M | $535,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 3 | $4.1M | $1,480,500 | |
| FY2022 | 4 | $3.6M | $635,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Christian Brothers Automotive 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 Christian Brothers Automotive resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Renasant Bank | 3 | 27.3% | $5.4M | |
| 2 | Third Coast Bank | 3 | 27.3% | $1.6M | |
| 3 | SouthState Bank, National Association | 2 | 18.2% | $1M | |
| 4 | Bank of America, National Association | 2 | 18.2% | $856K | |
| 5 | Wells Fargo Bank National Association | 1 | 9.1% | $693K |
States where Christian Brothers Automotive units are bought
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Questions buyers ask
How much do buyers borrow to buy a Christian Brothers Automotive franchise?
The median SBA 7(a) loan for a Christian Brothers Automotive resale was $575,000 across 11 loans (FY2018 to FY2026). The middle half of loans ran from $490,350 to $1,134,250. 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 Christian Brothers Automotive acquisitions?
Renasant Bank has made the most SBA acquisition loans for Christian Brothers Automotive (3, 27% of the total). Third Coast Bank, SouthState Bank, National Association, Bank of America, National Association follow.
What interest rate and term do Christian Brothers Automotive acquisition loans carry?
The average initial rate at approval was 5.15% (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 Christian Brothers Automotive resale riskier than other SBA-financed acquisitions?
Too few Christian Brothers Automotive 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 Christian Brothers Automotive units being bought with SBA loans?
Texas (4), Georgia (3), New Mexico (1), Oklahoma (1), Minnesota (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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Related
- All General Automotive Repair acquisitions
- Texas acquisitions
- Georgia acquisitions
- New Mexico acquisitions
- Renasant Bank
- Third Coast Bank
- SouthState Bank, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Christian Brothers Automotive" (franchise code S0375). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.