Buying a See The Trainer franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing See The Trainer, totaling $8.2M. The median loan was $1,730,000, 168% higher than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of See The Trainer resale loans landed between $1,326,600 and $1,884,000.
- Lender experience exists. Union Bank and Trust Company alone has financed 2 See The Trainer resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a See The Trainer resale
The median SBA 7(a) loan for a See The Trainer resale was $1,730,000 across 5 loans (FY2018 to FY2026). Union Bank and Trust Company, Metro City Bank and Great Plains State Bank have financed the most See The Trainer 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%.
See The Trainer acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $4.9M | $2,465,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $1.9M | $1,884,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $1.4M | $713,300 |
How often do these acquisition loans fail?
Fewer than 20 See The Trainer 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 See The Trainer resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Union Bank and Trust Company | 2 | 40.0% | $1.4M | |
| 2 | Metro City Bank | 1 | 20.0% | $3.2M | |
| 3 | Great Plains State Bank | 1 | 20.0% | $1.9M | |
| 4 | Core Bank | 1 | 20.0% | $1.7M |
States where See The Trainer units are bought
The purchase agreement decides what you bought, not the loan approval.
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How lenders classify See The Trainer
Lenders code each loan to a NAICS industry. For See The Trainer the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 1 | 20.0% | $3.2M | |
| 2 | Service Establishment Equipment and Supplies Merchant Wholesalers | 1 | 20.0% | $1.9M | |
| 3 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | 20.0% | $1.7M |
Questions buyers ask
How much do buyers borrow to buy a See The Trainer franchise?
The median SBA 7(a) loan for a See The Trainer resale was $1,730,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $1,326,600 to $1,884,000. 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 See The Trainer acquisitions?
Union Bank and Trust Company has made the most SBA acquisition loans for See The Trainer (2, 40% of the total). Metro City Bank, Great Plains State Bank, Core Bank follow.
What interest rate and term do See The Trainer acquisition loans carry?
The average initial rate at approval was 6.58% (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 See The Trainer resale riskier than other SBA-financed acquisitions?
Too few See The Trainer 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 See The Trainer units being bought with SBA loans?
Nebraska (3), Texas (1), Iowa (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
- Nebraska acquisitions
- Texas acquisitions
- Iowa acquisitions
- Union Bank and Trust Company
- Metro City Bank
- Core Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "See The Trainer" (franchise code S2092). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.