Buying an Outdoor Lighting Perspectives franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Outdoor Lighting Perspectives (classified mostly as Electrical Contractors and Other Wiring Installation Contractors), totaling $4.8M. The median loan was $625,000, in line with 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 Outdoor Lighting Perspectives resale loans landed between $529,000 and $705,150.
- Lender experience exists. Pathward National Association alone has financed 1 Outdoor Lighting Perspectives resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Outdoor Lighting Perspectives resale
The median SBA 7(a) loan for an Outdoor Lighting Perspectives resale was $625,000 across 7 loans (FY2018 to FY2026). Pathward National Association, Fountainhead SBF LLC and ServisFirst Bank have financed the most Outdoor Lighting Perspectives 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%.
Outdoor Lighting Perspectives acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $1.2M | $611,950 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $480K | $480,000 | |
| FY2022 | 1 | $677K | $677,400 | |
| FY2023 | 1 | $625K | $625,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $567K | $567,000 | |
| FY2026 | 1 | $1.2M | $1,205,000 |
How often do these acquisition loans fail?
Fewer than 20 Outdoor Lighting Perspectives 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 Outdoor Lighting Perspectives resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pathward National Association | 1 | 14.3% | $1.2M | |
| 2 | Fountainhead SBF LLC | 1 | 14.3% | $733K | |
| 3 | ServisFirst Bank | 1 | 14.3% | $677K | |
| 4 | Byline Bank | 1 | 14.3% | $625K | |
| 5 | Bank of Oak Ridge | 1 | 14.3% | $567K | |
| 6 | Stearns Bank National Association | 1 | 14.3% | $491K | |
| 7 | IncredibleBank | 1 | 14.3% | $480K |
States where Outdoor Lighting Perspectives units are bought
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How lenders classify Outdoor Lighting Perspectives
Lenders code each loan to a NAICS industry. For Outdoor Lighting Perspectives the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Electrical Contractors and Other Wiring Installation Contractors | 3 | 42.9% | $2.2M | |
| 2 | Landscape Architectural Services | 2 | 28.6% | $1.2M | |
| 3 | Other Services to Buildings and Dwellings | 1 | 14.3% | $733K | |
| 4 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 1 | 14.3% | $677K |
Questions buyers ask
How much do buyers borrow to buy an Outdoor Lighting Perspectives franchise?
The median SBA 7(a) loan for an Outdoor Lighting Perspectives resale was $625,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $529,000 to $705,150. 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 Outdoor Lighting Perspectives acquisitions?
Pathward National Association has made the most SBA acquisition loans for Outdoor Lighting Perspectives (1, 14% of the total). Fountainhead SBF LLC, ServisFirst Bank, Byline Bank follow.
What interest rate and term do Outdoor Lighting Perspectives acquisition loans carry?
The average initial rate at approval was 8.29% (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 Outdoor Lighting Perspectives resale riskier than other SBA-financed acquisitions?
Too few Outdoor Lighting Perspectives 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 Outdoor Lighting Perspectives units being bought with SBA loans?
Alabama (3), Ohio (1), Kentucky (1), Virginia (1), New York (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 Electrical Contractors and Other Wiring Installation Contractors acquisitions
- Alabama acquisitions
- Ohio acquisitions
- Kentucky acquisitions
- Pathward National Association
- Byline Bank
- Bank of Oak Ridge
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Outdoor Lighting Perspectives" (franchise code S1229). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.