Apparel Accessories and Other Apparel Manufacturing: SBA business acquisition loan data
26 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Apparel Accessories and Other Apparel Manufacturing (NAICS 315990), totaling $32.4M. Median loan $637,050, in line with 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 $1,718,150 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #251 of 300 industries tracked.
- Geography. Florida leads with 3 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 365 jobs supported across these loans, about 14.0 per acquisition, a rough proxy for the size of business changing hands.
Apparel Accessories and Other Apparel Manufacturing acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $4.1M | $2,039,550 | |
| FY2019 | 2 | $3M | $1,476,000 | |
| FY2020 | 2 | $5.2M | $2,620,000 | |
| FY2021 | 3 | $2.6M | $827,000 | |
| FY2022 | 1 | $4.5M | $4,500,000 | |
| FY2023 | 4 | $1.4M | $243,500 | |
| FY2024 | 4 | $3.4M | $760,750 | |
| FY2025 | 7 | $7M | $430,000 | |
| FY2026 | 1 | $1.3M | $1,320,000 |
How often do these acquisition loans fail?
Fewer than 20 Apparel Accessories and Other Apparel Manufacturing 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 15.4% | $10.4M | |
| 2 | The Huntington National Bank | 3 | 11.5% | $3.2M | |
| 3 | Old National Bank | 2 | 7.7% | $2.6M | |
| 4 | Happen Bank | 1 | 3.8% | $3.4M | |
| 5 | PNC Bank, National Association | 1 | 3.8% | $2.5M | |
| 6 | T Bank, National Association | 1 | 3.8% | $1.8M | |
| 7 | Midwest Regional Bank | 1 | 3.8% | $1.5M | |
| 8 | Port 51 Lending LLC | 1 | 3.8% | $1.3M | |
| 9 | First National Bank of Pennsylvania | 1 | 3.8% | $1.2M | |
| 10 | Fifth Third Bank | 1 | 3.8% | $827K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Apparel Accessories and Other Apparel Manufacturing?
Median $637,050 across 26 acquisition loans (FY2018 to FY2026); the middle half ran $262,875 to $1,718,150. That is in line with the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Apparel Accessories and Other Apparel Manufacturing acquisitions?
Live Oak Banking Company (4), The Huntington National Bank (3), Old National Bank (2), Happen Bank (1), PNC Bank, National Association (1).
Are businesses in Apparel Accessories and Other Apparel Manufacturing often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Apparel Accessories and Other Apparel Manufacturing?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Apparel Accessories and Other Apparel Manufacturing acquisitions?
Median term 10 years, average initial rate 8.44% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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