Buying an Image360 franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 18 7(a) loans to buy an existing Image360 (classified mostly as Sign Manufacturing), totaling $9.2M. The median loan was $513,800, 20% lower than the $645,250 median for all SBA-financed acquisitions. 8 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 Image360 resale loans landed between $303,250 and $690,000.
- Lender experience exists. Live Oak Banking Company alone has financed 4 Image360 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 an Image360 resale
The median SBA 7(a) loan for an Image360 resale was $513,800 across 18 loans (FY2018 to FY2026). Live Oak Banking Company, United Community Bank and The Huntington National Bank have financed the most Image360 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%.
Image360 acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $475K | $475,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 5 | $3M | $577,100 | |
| FY2023 | 2 | $994K | $496,800 | |
| FY2024 | 2 | $570K | $285,000 | |
| FY2025 | 5 | $2.3M | $560,000 | |
| FY2026 | 3 | $1.9M | $747,200 |
How often do these acquisition loans fail?
Fewer than 20 Image360 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 Image360 resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 22.2% | $2.5M | |
| 2 | United Community Bank | 2 | 11.1% | $710K | |
| 3 | The Huntington National Bank | 2 | 11.1% | $660K | |
| 4 | First United Bank and Trust Company | 1 | 5.6% | $900K | |
| 5 | Manufacturers and Traders Trust Company | 1 | 5.6% | $800K | |
| 6 | U.S. Bank, National Association | 1 | 5.6% | $747K | |
| 7 | GBank | 1 | 5.6% | $577K | |
| 8 | American Momentum Bank | 1 | 5.6% | $553K | |
| 9 | First National Bank of Pennsylvania | 1 | 5.6% | $475K | |
| 10 | Old National Bank | 1 | 5.6% | $441K |
States where Image360 units are bought
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How lenders classify Image360
Lenders code each loan to a NAICS industry. For Image360 the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Sign Manufacturing | 7 | 38.9% | $3.5M | |
| 2 | All Other Miscellaneous Retailers | 5 | 27.8% | $2.8M | |
| 3 | Graphic Design Services | 3 | 16.7% | $1.3M | |
| 4 | Commercial Printing (except Screen and Books) | 1 | 5.6% | $800K | |
| 5 | Other Specialized Design Services | 1 | 5.6% | $441K |
Questions buyers ask
How much do buyers borrow to buy an Image360 franchise?
The median SBA 7(a) loan for an Image360 resale was $513,800 across 18 loans (FY2018 to FY2026). The middle half of loans ran from $303,250 to $690,000. 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 Image360 acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Image360 (4, 22% of the total). United Community Bank, The Huntington National Bank, First United Bank and Trust Company follow.
What interest rate and term do Image360 acquisition loans carry?
The average initial rate at approval was 8.51% (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 an Image360 resale riskier than other SBA-financed acquisitions?
Too few Image360 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 Image360 units being bought with SBA loans?
Florida (5), Arizona (2), Colorado (2), California (2), Oklahoma (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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Sign Manufacturing acquisitions
- Florida acquisitions
- Arizona acquisitions
- Colorado acquisitions
- Live Oak Banking Company
- United Community Bank
- The Huntington National Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Image360" (franchise code S0861). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.