Automotive Body, Paint, and Interior Repair and Maintenance: SBA business acquisition loan data
297 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Automotive Body, Paint, and Interior Repair and Maintenance (NAICS 811121), totaling $297M. Median loan $604,000, 6% lower than the all-acquisition median. Annual volume rose 22% from FY2024 to FY2026.
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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 $1,400,400 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.6% of all SBA-financed business purchases, ranking #36 of 300 industries tracked.
- Geography. California leads with 31 loans; the top five states account for 34% of the industry's acquisitions.
- Jobs. Lenders reported 3,342 jobs supported across these loans, about 11.3 per acquisition, a rough proxy for the size of business changing hands.
Automotive Body, Paint, and Interior Repair and Maintenance acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 28 | $27.3M | $400,000 | |
| FY2019 | 35 | $24.1M | $361,500 | |
| FY2020 | 28 | $27.4M | $614,500 | |
| FY2021 | 38 | $33.1M | $811,000 | |
| FY2022 | 17 | $14.2M | $416,000 | |
| FY2023 | 29 | $28.8M | $643,100 | |
| FY2024 | 36 | $37.6M | $727,500 | |
| FY2025 | 42 | $57.2M | $887,500 | |
| FY2026 | 44 | $47.7M | $730,000 |
How often do these acquisition loans fail?
Of the 128 Automotive Body, Paint, and Interior Repair and Maintenance acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 1.6% by loan count and 1.0% by dollars. 55 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 Automotive Body, Paint, and Interior Repair and Maintenance is 56% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 31 | 10.4% | $33.8M | |
| 2 | Texas | 21 | 7.1% | $24.8M | |
| 3 | Florida | 17 | 5.7% | $26.3M | |
| 4 | Michigan | 16 | 5.4% | $11.8M | |
| 5 | Colorado | 15 | 5.1% | $25.9M | |
| 6 | New Jersey | 15 | 5.1% | $17.6M | |
| 7 | Ohio | 15 | 5.1% | $12.3M | |
| 8 | Minnesota | 14 | 4.7% | $8.4M | |
| 9 | Illinois | 12 | 4.0% | $9.6M | |
| 10 | Massachusetts | 11 | 3.7% | $9.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 26 | 8.8% | $35.8M | |
| 2 | The Huntington National Bank | 26 | 8.8% | $15.3M | |
| 3 | U.S. Bank, National Association | 8 | 2.7% | $6M | |
| 4 | Byline Bank | 7 | 2.4% | $8.2M | |
| 5 | First Internet Bank of Indiana | 7 | 2.4% | $5.6M | |
| 6 | Manufacturers and Traders Trust Company | 7 | 2.4% | $2.2M | |
| 7 | VelocitySBA, LLC | 6 | 2.0% | $7.9M | |
| 8 | Pinnacle Bank | 6 | 2.0% | $4M | |
| 9 | First Commonwealth Bank | 5 | 1.7% | $6.9M | |
| 10 | Celtic Bank Corporation | 4 | 1.3% | $9.2M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Automotive Body, Paint, and Interior Repair and Maintenance
13% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Maaco | 25 | 64.1% | $26.8M | |
| 2 | Carstar | 8 | 20.5% | $8M | |
| 3 | LINE-X | 3 | 7.7% | $1.9M | |
| 4 | AAMCO Transmissions and Total Car Care | 1 | 2.6% | $360K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Automotive Body, Paint, and Interior Repair and Maintenance?
Median $604,000 across 297 acquisition loans (FY2018 to FY2026); the middle half ran $245,000 to $1,400,400. That is 6% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Automotive Body, Paint, and Interior Repair and Maintenance acquisitions?
Live Oak Banking Company (26), The Huntington National Bank (26), U.S. Bank, National Association (8), Byline Bank (7), First Internet Bank of Indiana (7).
Are businesses in Automotive Body, Paint, and Interior Repair and Maintenance often franchised?
Sometimes. 13% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Maaco, Carstar, LINE-X, AAMCO Transmissions and Total Car Care.
How risky are SBA loans for buying a business in Automotive Body, Paint, and Interior Repair and Maintenance?
Of 128 seasoned loans (FY2018 to FY2021), 1.6% charged off, 56% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Automotive Body, Paint, and Interior Repair and Maintenance acquisitions?
Median term 10 years, average initial rate 7.77% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Automotive Body, Paint, and Interior Repair and Maintenance in Michigan
- Automotive Body, Paint, and Interior Repair and Maintenance in New Jersey
- Automotive Body, Paint, and Interior Repair and Maintenance in Massachusetts
- Live Oak Banking Company
- The Huntington National Bank
- U.S. Bank, National Association
- All industries