Buying a Play It Again Sports franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 26 7(a) loans to buy an existing Play It Again Sports (classified mostly as Sporting Goods Retailers), totaling $10.4M. The median loan was $372,000, 42% lower than the $645,250 median for all SBA-financed acquisitions. 6 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 Play It Again Sports resale loans landed between $255,250 and $487,125.
- Lender experience exists. The Huntington National Bank alone has financed 7 Play It Again Sports resales.
- Guaranty. The SBA guaranteed 73% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Play It Again Sports resale
The median SBA 7(a) loan for a Play It Again Sports resale was $372,000 across 26 loans (FY2018 to FY2026). The Huntington National Bank, American Momentum Bank and Honor Bank have financed the most Play It Again Sports 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%.
Play It Again Sports acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $2M | $362,000 | |
| FY2019 | 5 | $2M | $407,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $330K | $330,000 | |
| FY2022 | 1 | $50K | $50,000 | |
| FY2023 | 3 | $1.5M | $495,000 | |
| FY2024 | 4 | $3.1M | $550,000 | |
| FY2025 | 1 | $410K | $409,500 | |
| FY2026 | 5 | $1.1M | $75,000 |
How often do these acquisition loans fail?
Fewer than 20 Play It Again Sports 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Lenders financing Play It Again Sports resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 26.9% | $2.3M | |
| 2 | American Momentum Bank | 2 | 7.7% | $871K | |
| 3 | Honor Bank | 2 | 7.7% | $650K | |
| 4 | Security Bank | 2 | 7.7% | $380K | |
| 5 | Midwest BankCentre | 1 | 3.8% | $1.9M | |
| 6 | Ameris Bank | 1 | 3.8% | $693K | |
| 7 | First National Bank of Omaha | 1 | 3.8% | $600K | |
| 8 | Five Star Bank | 1 | 3.8% | $495K | |
| 9 | PNC Bank, National Association | 1 | 3.8% | $410K | |
| 10 | The Bancorp Bank National Association | 1 | 3.8% | $388K |
States where Play It Again Sports units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ohio | 6 | 23.1% | $2M | |
| 2 | Florida | 4 | 15.4% | $1.6M | |
| 3 | Michigan | 2 | 7.7% | $650K | |
| 4 | South Carolina | 2 | 7.7% | $643K | |
| 5 | Oklahoma | 2 | 7.7% | $380K | |
| 6 | Connecticut | 2 | 7.7% | $295K | |
| 7 | Missouri | 1 | 3.8% | $1.9M | |
| 8 | Pennsylvania | 1 | 3.8% | $693K | |
| 9 | Nebraska | 1 | 3.8% | $600K | |
| 10 | New York | 1 | 3.8% | $495K |
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Play It Again Sports
Lenders code each loan to a NAICS industry. For Play It Again Sports the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Sporting Goods Retailers | 25 | 96.2% | $10.2M | |
| 2 | Used Merchandise Retailers | 1 | 3.8% | $245K |
Questions buyers ask
How much do buyers borrow to buy a Play It Again Sports franchise?
The median SBA 7(a) loan for a Play It Again Sports resale was $372,000 across 26 loans (FY2018 to FY2026). The middle half of loans ran from $255,250 to $487,125. 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 Play It Again Sports acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Play It Again Sports (7, 27% of the total). American Momentum Bank, Honor Bank, Security Bank follow.
What interest rate and term do Play It Again Sports acquisition loans carry?
The average initial rate at approval was 8.17% (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 Play It Again Sports resale riskier than other SBA-financed acquisitions?
Too few Play It Again Sports 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 Play It Again Sports units being bought with SBA loans?
Ohio (6), Florida (4), Michigan (2), South Carolina (2), Oklahoma (2). 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 Sporting Goods Retailers acquisitions
- Ohio acquisitions
- Florida acquisitions
- Michigan acquisitions
- The Huntington National Bank
- American Momentum Bank
- Midwest BankCentre
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Play It Again Sports" (franchise code S1328). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.