Appliance Repair and Maintenance: SBA business acquisition loan data
31 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Appliance Repair and Maintenance (NAICS 811412), totaling $21.2M. Median loan $545,000, 16% lower than the all-acquisition median. 35% of these deals were franchised units.
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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 $840,100 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 #225 of 300 industries tracked.
- Geography. Florida leads with 5 loans; the top five states account for 52% of the industry's acquisitions.
- Jobs. Lenders reported 353 jobs supported across these loans, about 11.4 per acquisition, a rough proxy for the size of business changing hands.
Appliance Repair and Maintenance acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $2.5M | $691,000 | |
| FY2020 | 3 | $1.9M | $725,000 | |
| FY2021 | 2 | $938K | $469,100 | |
| FY2022 | 1 | $370K | $370,000 | |
| FY2023 | 2 | $605K | $302,400 | |
| FY2024 | 5 | $3M | $739,000 | |
| FY2025 | 5 | $4.4M | $895,000 | |
| FY2026 | 10 | $7.5M | $492,500 |
How often do these acquisition loans fail?
Fewer than 20 Appliance Repair and Maintenance 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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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 16.1% | $3.1M | |
| 2 | Ohio | 3 | 9.7% | $2.4M | |
| 3 | Texas | 3 | 9.7% | $1.9M | |
| 4 | Indiana | 3 | 9.7% | $1.7M | |
| 5 | Arizona | 2 | 6.5% | $1.5M | |
| 6 | Wisconsin | 2 | 6.5% | $1.2M | |
| 7 | California | 2 | 6.5% | $1.1M | |
| 8 | Minnesota | 2 | 6.5% | $374K | |
| 9 | Michigan | 1 | 3.2% | $3.3M | |
| 10 | Pennsylvania | 1 | 3.2% | $1.4M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pathward National Association | 3 | 9.7% | $2.3M | |
| 2 | First Merchants Bank | 2 | 6.5% | $4.2M | |
| 3 | Byline Bank | 2 | 6.5% | $1.7M | |
| 4 | Wells Fargo Bank National Association | 2 | 6.5% | $1.4M | |
| 5 | North State Bank | 2 | 6.5% | $1.2M | |
| 6 | American Momentum Bank | 2 | 6.5% | $995K | |
| 7 | Live Oak Banking Company | 2 | 6.5% | $690K | |
| 8 | Wilmington Savings Fund Society FSB | 1 | 3.2% | $1.4M | |
| 9 | First Internet Bank of Indiana | 1 | 3.2% | $1.2M | |
| 10 | Beacon Business Bank National Association | 1 | 3.2% | $970K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in Appliance Repair and Maintenance
35% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Mr. Appliance | 11 | 100.0% | $7M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Appliance Repair and Maintenance?
Median $545,000 across 31 acquisition loans (FY2018 to FY2026); the middle half ran $254,100 to $840,100. That is 16% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Appliance Repair and Maintenance acquisitions?
Pathward National Association (3), First Merchants Bank (2), Byline Bank (2), Wells Fargo Bank National Association (2), North State Bank (2).
Are businesses in Appliance Repair and Maintenance often franchised?
Yes, often. 35% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Mr. Appliance.
How risky are SBA loans for buying a business in Appliance Repair and Maintenance?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Appliance Repair and Maintenance acquisitions?
Median term 10 years, average initial rate 8.82% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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