Nissan North America resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing business operating under a Nissan North America brand or supply agreement (classified mostly as New Car Dealers), totaling $27.7M. The median loan was $3,550,000, 450% higher than the $645,250 median for all SBA-financed acquisitions. 2 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 Nissan North America resale loans landed between $2,901,500 and $4,368,125.
- Lender experience exists. Live Oak Banking Company alone has financed 6 Nissan North America resales.
- Guaranty. The SBA guaranteed 77% 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 Nissan North America resale
The median SBA 7(a) loan for a Nissan North America resale was $3,550,000 across 8 loans (FY2018 to FY2026). Live Oak Banking Company, Southwestern National Bank and Native American Bank, National Association have financed the most Nissan North America 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%.
Nissan North America acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $8.5M | $4,250,000 | |
| FY2022 | 2 | $7.6M | $3,803,000 | |
| FY2023 | 2 | $5M | $2,500,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $3.6M | $3,600,000 | |
| FY2026 | 1 | $3M | $3,000,000 |
How often do these acquisition loans fail?
Fewer than 20 Nissan North America 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 Nissan North America resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 75.0% | $22.1M | |
| 2 | Southwestern National Bank | 1 | 12.5% | $3M | |
| 3 | Native American Bank, National Association | 1 | 12.5% | $2.6M |
States where Nissan North America units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | North Carolina | 3 | 37.5% | $8.5M | |
| 2 | Missouri | 2 | 25.0% | $7.6M | |
| 3 | Illinois | 1 | 12.5% | $5M | |
| 4 | Nevada | 1 | 12.5% | $3.6M | |
| 5 | California | 1 | 12.5% | $3M |
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Questions buyers ask
How much do buyers borrow to buy a business operating under a Nissan North America brand or supply agreement?
The median SBA 7(a) loan for a Nissan North America resale was $3,550,000 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $2,901,500 to $4,368,125. 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 Nissan North America acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Nissan North America (6, 75% of the total). Southwestern National Bank, Native American Bank, National Association follow.
What interest rate and term do Nissan North America acquisition loans carry?
The average initial rate at approval was 7.51% (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 a Nissan North America resale riskier than other SBA-financed acquisitions?
Too few Nissan North America 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 Nissan North America units being bought with SBA loans?
North Carolina (3), Missouri (2), Illinois (1), Nevada (1), California (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 New Car Dealers acquisitions
- North Carolina acquisitions
- Missouri acquisitions
- Illinois acquisitions
- Live Oak Banking Company
- Southwestern National Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Nissan North America, Inc. - Dealer Sales and Service Agreement" (franchise code S4995). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.