Automobile and Other Motor Vehicle Merchant Wholesalers: SBA business acquisition loan data
24 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS 423110), totaling $31.6M. Median loan $976,000, 51% higher than the all-acquisition median.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
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 $1,481,700 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #262 of 300 industries tracked.
- Geography. Florida leads with 4 loans; the top five states account for 58% of the industry's acquisitions.
- Jobs. Lenders reported 384 jobs supported across these loans, about 16.0 per acquisition, a rough proxy for the size of business changing hands.
Automobile and Other Motor Vehicle Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.6M | $1,561,800 | |
| FY2019 | 2 | $1.9M | $937,900 | |
| FY2020 | 3 | $1.6M | $438,500 | |
| FY2021 | 4 | $7.1M | $1,740,500 | |
| FY2022 | 3 | $5.3M | $275,000 | |
| FY2023 | 3 | $3.6M | $1,100,000 | |
| FY2024 | 3 | $1.8M | $540,000 | |
| FY2025 | 4 | $7.7M | $1,363,000 | |
| FY2026 | 1 | $977K | $977,000 |
How often do these acquisition loans fail?
Fewer than 20 Automobile and Other Motor Vehicle Merchant Wholesalers 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.
Request Engagement AssessmentAll 50 states. Free consultation.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 4 | 16.7% | $4.2M | |
| 2 | California | 3 | 12.5% | $6M | |
| 3 | Iowa | 3 | 12.5% | $2.1M | |
| 4 | Illinois | 2 | 8.3% | $5.5M | |
| 5 | Minnesota | 2 | 8.3% | $2.6M | |
| 6 | Arizona | 2 | 8.3% | $2.1M | |
| 7 | Nebraska | 2 | 8.3% | $2M | |
| 8 | Maryland | 1 | 4.2% | $1.7M | |
| 9 | Kentucky | 1 | 4.2% | $1.6M | |
| 10 | New Mexico | 1 | 4.2% | $1.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | 12.5% | $6.1M | |
| 2 | First National Bank of Pennsylvania | 2 | 8.3% | $3.6M | |
| 3 | BankVista | 2 | 8.3% | $2.6M | |
| 4 | Midwest Bank | 2 | 8.3% | $2M | |
| 5 | Nicolet National Bank | 2 | 8.3% | $1.2M | |
| 6 | Everwise Credit Union | 1 | 4.2% | $5M | |
| 7 | Manufacturers and Traders Trust Company | 1 | 4.2% | $1.7M | |
| 8 | Wells Fargo Bank National Association | 1 | 4.2% | $1.6M | |
| 9 | Bank of the Southwest | 1 | 4.2% | $1.5M | |
| 10 | Newtek Small Business Finance, LLC | 1 | 4.2% | $1.1M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Automobile and Other Motor Vehicle Merchant Wholesalers?
Median $976,000 across 24 acquisition loans (FY2018 to FY2026); the middle half ran $484,625 to $1,481,700. That is 51% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Automobile and Other Motor Vehicle Merchant Wholesalers acquisitions?
Live Oak Banking Company (3), First National Bank of Pennsylvania (2), BankVista (2), Midwest Bank (2), Nicolet National Bank (2).
Are businesses in Automobile and Other Motor Vehicle Merchant Wholesalers 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 Automobile and Other Motor Vehicle Merchant Wholesalers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Automobile and Other Motor Vehicle Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.69% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options