Buying a Piggly Wiggly franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 9 7(a) loans to buy an existing Piggly Wiggly (classified mostly as Supermarkets and Other Grocery Retailers (except Convenience Retailers)), totaling $8.4M. The median loan was $915,000, 42% higher 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 Piggly Wiggly resale loans landed between $532,000 and $1,225,100.
- Lender experience exists. National Exchange Bank and Trust alone has financed 2 Piggly Wiggly resales.
- Guaranty. The SBA guaranteed 82% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Piggly Wiggly resale
The median SBA 7(a) loan for a Piggly Wiggly resale was $915,000 across 9 loans (FY2018 to FY2026). National Exchange Bank and Trust, The Stephenson National Bank and Trust and Nicolet National Bank have financed the most Piggly Wiggly 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%.
Piggly Wiggly acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $915K | $915,000 | |
| FY2019 | 1 | $647K | $647,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $4.1M | $878,550 | |
| FY2022 | 2 | $977K | $488,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.8M | $1,801,700 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Piggly Wiggly 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 Piggly Wiggly resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | National Exchange Bank and Trust | 2 | 22.2% | $1.1M | |
| 2 | The Stephenson National Bank and Trust | 2 | 22.2% | $977K | |
| 3 | Nicolet National Bank | 1 | 11.1% | $1.8M | |
| 4 | The Bancorp Bank National Association | 1 | 11.1% | $1.8M | |
| 5 | Bank First, N.A. | 1 | 11.1% | $1.2M | |
| 6 | OakStar Bank | 1 | 11.1% | $915K | |
| 7 | Waukesha State Bank | 1 | 11.1% | $532K |
States where Piggly Wiggly units are bought
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Questions buyers ask
How much do buyers borrow to buy a Piggly Wiggly franchise?
The median SBA 7(a) loan for a Piggly Wiggly resale was $915,000 across 9 loans (FY2018 to FY2026). The middle half of loans ran from $532,000 to $1,225,100. 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 Piggly Wiggly acquisitions?
National Exchange Bank and Trust has made the most SBA acquisition loans for Piggly Wiggly (2, 22% of the total). The Stephenson National Bank and Trust, Nicolet National Bank, The Bancorp Bank National Association follow.
What interest rate and term do Piggly Wiggly acquisition loans carry?
The average initial rate at approval was 5.72% (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 Piggly Wiggly resale riskier than other SBA-financed acquisitions?
Too few Piggly Wiggly 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 Piggly Wiggly units being bought with SBA loans?
Wisconsin (7), Florida (1), Missouri (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 Supermarkets and Other Grocery Retailers (except Convenience Retailers) acquisitions
- Wisconsin acquisitions
- Florida acquisitions
- Missouri acquisitions
- The Stephenson National Bank and Trust
- Nicolet National Bank
- The Bancorp Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Piggly Wiggly" (franchise code S2783). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.