Buying a Pak Mail franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Pak Mail (classified mostly as Private Mail Centers), totaling $1.6M. The median loan was $285,000, 56% lower than the $645,250 median for all SBA-financed acquisitions. 1 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 Pak Mail resale loans landed between $190,000 and $350,000.
- Lender experience exists. VeraBank National Association alone has financed 1 Pak Mail resales.
- Guaranty. The SBA guaranteed 71% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Pak Mail resale
The median SBA 7(a) loan for a Pak Mail resale was $285,000 across 5 loans (FY2018 to FY2026). VeraBank National Association, BayFirst National Bank and Broadway National Bank have financed the most Pak Mail 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%.
Pak Mail acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $285K | $285,000 | |
| FY2019 | 2 | $307K | $153,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $350K | $350,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $610K | $609,500 |
How often do these acquisition loans fail?
Fewer than 20 Pak Mail 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.
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Lenders financing Pak Mail resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | VeraBank National Association | 1 | 20.0% | $610K | |
| 2 | BayFirst National Bank | 1 | 20.0% | $350K | |
| 3 | Broadway National Bank | 1 | 20.0% | $285K | |
| 4 | Stearns Bank National Association | 1 | 20.0% | $190K | |
| 5 | Integrity Bank & Trust | 1 | 20.0% | $117K |
States where Pak Mail units are bought
That draft favors the seller. We review it for the buyer, line by line.
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How lenders classify Pak Mail
Lenders code each loan to a NAICS industry. For Pak Mail the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Private Mail Centers | 3 | 60.0% | $592K | |
| 2 | All Other Miscellaneous Retailers | 1 | 20.0% | $610K |
Questions buyers ask
How much do buyers borrow to buy a Pak Mail franchise?
The median SBA 7(a) loan for a Pak Mail resale was $285,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $190,000 to $350,000. 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 Pak Mail acquisitions?
VeraBank National Association has made the most SBA acquisition loans for Pak Mail (1, 20% of the total). BayFirst National Bank, Broadway National Bank, Stearns Bank National Association follow.
What interest rate and term do Pak Mail acquisition loans carry?
The average initial rate at approval was 7.40% (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 Pak Mail resale riskier than other SBA-financed acquisitions?
Too few Pak Mail 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 Pak Mail units being bought with SBA loans?
Texas (2), Florida (2), Colorado (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.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Private Mail Centers acquisitions
- Texas acquisitions
- Florida acquisitions
- Colorado acquisitions
- BayFirst National Bank
- Stearns Bank National Association
- Integrity Bank & Trust
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Pak Mail (Retail Center)" (franchise code S1267). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.