All Other Automotive Repair and Maintenance: SBA business acquisition loan data
94 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as All Other Automotive Repair and Maintenance (NAICS 811198), totaling $76.1M. Median loan $496,250, 23% lower than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $1,075,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #104 of 300 industries tracked.
- Geography. Texas leads with 9 loans; the top five states account for 38% of the industry's acquisitions.
- Jobs. Lenders reported 804 jobs supported across these loans, about 8.6 per acquisition, a rough proxy for the size of business changing hands.
All Other Automotive Repair and Maintenance acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $3.1M | $749,350 | |
| FY2019 | 16 | $7.3M | $459,250 | |
| FY2020 | 6 | $4.9M | $719,000 | |
| FY2021 | 12 | $10.4M | $491,750 | |
| FY2022 | 9 | $7.1M | $700,000 | |
| FY2023 | 7 | $2.2M | $250,000 | |
| FY2024 | 15 | $12.4M | $385,000 | |
| FY2025 | 9 | $10.6M | $1,000,000 | |
| FY2026 | 16 | $18.1M | $512,900 |
How often do these acquisition loans fail?
Of the 38 All Other Automotive Repair and Maintenance acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 2.6% by loan count and 1.8% by dollars. 12 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so All Other Automotive Repair and Maintenance is 25% lower than the acquisition-loan average. 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 7.4% | $6.6M | |
| 2 | Live Oak Banking Company | 7 | 7.4% | $6.4M | |
| 3 | Centennial Bank | 4 | 4.3% | $1.8M | |
| 4 | Midwest Regional Bank | 2 | 2.1% | $5.5M | |
| 5 | First Interstate Bank | 2 | 2.1% | $4.2M | |
| 6 | Columbia Bank | 2 | 2.1% | $2.5M | |
| 7 | Fifth Third Bank | 2 | 2.1% | $1.8M | |
| 8 | First Commonwealth Bank | 2 | 2.1% | $1.6M | |
| 9 | Renasant Bank | 2 | 2.1% | $1.6M | |
| 10 | Zions Bancorporation, National Association | 2 | 2.1% | $1.3M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in All Other Automotive Repair and Maintenance
12% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Big O Tires | 2 | 18.2% | $2.2M | |
| 2 | Midas | 1 | 9.1% | $2.1M | |
| 3 | Tuffy Tire & Auto Service | 1 | 9.1% | $1.2M | |
| 4 | Pirtek | 1 | 9.1% | $978K | |
| 5 | AAMCO Transmissions and Total Car Care | 1 | 9.1% | $350K | |
| 6 | Meineke Car Care Center | 1 | 9.1% | $288K |
Questions buyers ask
How much is a typical SBA loan to buy a business in All Other Automotive Repair and Maintenance?
Median $496,250 across 94 acquisition loans (FY2018 to FY2026); the middle half ran $215,950 to $1,075,000. That is 23% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most All Other Automotive Repair and Maintenance acquisitions?
The Huntington National Bank (7), Live Oak Banking Company (7), Centennial Bank (4), Midwest Regional Bank (2), First Interstate Bank (2).
Are businesses in All Other Automotive Repair and Maintenance often franchised?
Sometimes. 12% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Big O Tires, Midas, Tuffy Tire & Auto Service, Pirtek, AAMCO Transmissions and Total Car Care.
How risky are SBA loans for buying a business in All Other Automotive Repair and Maintenance?
Of 38 seasoned loans (FY2018 to FY2021), 2.6% charged off, 25% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for All Other Automotive Repair and Maintenance acquisitions?
Median term 10 years, average initial rate 7.79% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
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