Buying a Screenmobile franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Screenmobile (classified mostly as Residential Remodelers), totaling $2.8M. The median loan was $190,000, 71% lower than the $645,250 median for all SBA-financed acquisitions.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Screenmobile resale loans landed between $137,900 and $532,150.
- Lender experience exists. Pinnacle Bank alone has financed 3 Screenmobile resales.
- Guaranty. The SBA guaranteed 80% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Screenmobile resale
The median SBA 7(a) loan for a Screenmobile resale was $190,000 across 7 loans (FY2018 to FY2026). Pinnacle Bank, American Momentum Bank and Neighborhood National Bank have financed the most Screenmobile 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%.
Screenmobile acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $101K | $100,800 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $1.2M | $1,216,000 | |
| FY2022 | 2 | $767K | $383,650 | |
| FY2023 | 1 | $190K | $190,000 | |
| FY2024 | 2 | $572K | $286,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Screenmobile 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 Screenmobile resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pinnacle Bank | 3 | 42.9% | $2M | |
| 2 | American Momentum Bank | 1 | 14.3% | $397K | |
| 3 | Neighborhood National Bank | 1 | 14.3% | $190K | |
| 4 | BayFirst National Bank | 1 | 14.3% | $175K | |
| 5 | Fifth Third Bank | 1 | 14.3% | $101K |
States where Screenmobile units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | South Carolina | 2 | 28.6% | $767K | |
| 2 | California | 2 | 28.6% | $587K | |
| 3 | North Carolina | 1 | 14.3% | $1.2M | |
| 4 | Nevada | 1 | 14.3% | $175K | |
| 5 | Ohio | 1 | 14.3% | $101K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
How lenders classify Screenmobile
Lenders code each loan to a NAICS industry. For Screenmobile the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Residential Remodelers | 3 | 42.9% | $2M | |
| 2 | All Other Specialty Trade Contractors | 2 | 28.6% | $587K | |
| 3 | Finish Carpentry Contractors | 1 | 14.3% | $175K | |
| 4 | Graphic Design Services | 1 | 14.3% | $101K |
Questions buyers ask
How much do buyers borrow to buy a Screenmobile franchise?
The median SBA 7(a) loan for a Screenmobile resale was $190,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $137,900 to $532,150. 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 Screenmobile acquisitions?
Pinnacle Bank has made the most SBA acquisition loans for Screenmobile (3, 43% of the total). American Momentum Bank, Neighborhood National Bank, BayFirst National Bank follow.
What interest rate and term do Screenmobile acquisition loans carry?
The average initial rate at approval was 7.63% (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 Screenmobile resale riskier than other SBA-financed acquisitions?
Too few Screenmobile 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 Screenmobile units being bought with SBA loans?
South Carolina (2), California (2), North Carolina (1), Nevada (1), Ohio (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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Residential Remodelers acquisitions
- South Carolina acquisitions
- California acquisitions
- North Carolina acquisitions
- Pinnacle Bank
- American Momentum Bank
- BayFirst National Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Screenmobile" (franchise code S1537). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.