Buying a TeamLogic IT franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing TeamLogic IT (classified mostly as Other Computer Related Services), totaling $4.9M. The median loan was $740,000, 15% higher than the $645,250 median for all SBA-financed acquisitions. 3 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 TeamLogic IT resale loans landed between $627,750 and $962,500.
- Lender experience exists. The Bancorp Bank National Association alone has financed 1 TeamLogic IT 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 TeamLogic IT resale
The median SBA 7(a) loan for a TeamLogic IT resale was $740,000 across 6 loans (FY2018 to FY2026). The Bancorp Bank National Association, Byline Bank and Live Oak Banking Company have financed the most TeamLogic IT 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%.
TeamLogic IT acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $399K | $399,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $1M | $1,000,000 | |
| FY2023 | 1 | $627K | $627,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $850K | $850,000 | |
| FY2026 | 2 | $2.1M | $1,027,850 |
How often do these acquisition loans fail?
Fewer than 20 TeamLogic IT 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 TeamLogic IT resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Bancorp Bank National Association | 1 | 16.7% | $1.4M | |
| 2 | Byline Bank | 1 | 16.7% | $1M | |
| 3 | Live Oak Banking Company | 1 | 16.7% | $850K | |
| 4 | Truliant FCU | 1 | 16.7% | $630K | |
| 5 | BMO Bank National Association | 1 | 16.7% | $627K | |
| 6 | Wells Fargo Bank National Association | 1 | 16.7% | $399K |
States where TeamLogic IT units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Colorado | 2 | 33.3% | $1M | |
| 2 | Arizona | 1 | 16.7% | $1.4M | |
| 3 | North Carolina | 1 | 16.7% | $1M | |
| 4 | Maryland | 1 | 16.7% | $850K | |
| 5 | Missouri | 1 | 16.7% | $630K |
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How lenders classify TeamLogic IT
Lenders code each loan to a NAICS industry. For TeamLogic IT the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Other Computer Related Services | 2 | 33.3% | $1.5M | |
| 2 | All Other Professional, Scientific, and Technical Services | 1 | 16.7% | $1.4M | |
| 3 | Computer Facilities Management Services | 1 | 16.7% | $1M | |
| 4 | Computer Systems Design Services | 1 | 16.7% | $630K | |
| 5 | All Other Personal Services | 1 | 16.7% | $399K |
Questions buyers ask
How much do buyers borrow to buy a TeamLogic IT franchise?
The median SBA 7(a) loan for a TeamLogic IT resale was $740,000 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $627,750 to $962,500. 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 TeamLogic IT acquisitions?
The Bancorp Bank National Association has made the most SBA acquisition loans for TeamLogic IT (1, 17% of the total). Byline Bank, Live Oak Banking Company, Truliant FCU follow.
What interest rate and term do TeamLogic IT acquisition loans carry?
The average initial rate at approval was 8.03% (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 TeamLogic IT resale riskier than other SBA-financed acquisitions?
Too few TeamLogic IT 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 TeamLogic IT units being bought with SBA loans?
Colorado (2), Arizona (1), North Carolina (1), Maryland (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.
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Related
- All Other Computer Related Services acquisitions
- Colorado acquisitions
- Arizona acquisitions
- North Carolina acquisitions
- The Bancorp Bank National Association
- Byline Bank
- Live Oak Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "TeamLogic IT" (franchise code S1720). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.