Automotive Parts and Accessories Stores: SBA business acquisition loan data
106 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Automotive Parts and Accessories Stores (NAICS 441310), totaling $80.7M. Median loan $410,000, 36% lower than the all-acquisition median. 25% 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 $917,775 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 #87 of 300 industries tracked.
- Geography. California leads with 12 loans; the top five states account for 39% of the industry's acquisitions.
- Jobs. Lenders reported 1,030 jobs supported across these loans, about 9.7 per acquisition, a rough proxy for the size of business changing hands.
Automotive Parts and Accessories Stores acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 12 | $5.8M | $263,000 | |
| FY2019 | 28 | $24.4M | $397,550 | |
| FY2020 | 26 | $14.8M | $317,000 | |
| FY2021 | 31 | $26.7M | $715,500 | |
| FY2022 | 7 | $7M | $345,200 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $2.1M | $1,051,300 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Of the 97 Automotive Parts and Accessories Stores acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 7 have been charged off by the SBA, a rate of 7.2% by loan count and 4.0% by dollars. 46 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 Parts and Accessories Stores is 105% higher 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
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 12 | 11.3% | $13.7M | |
| 2 | Minnesota | 10 | 9.4% | $4.1M | |
| 3 | Florida | 7 | 6.6% | $4.9M | |
| 4 | Texas | 6 | 5.7% | $7.9M | |
| 5 | New York | 6 | 5.7% | $7M | |
| 6 | Indiana | 6 | 5.7% | $5.7M | |
| 7 | Pennsylvania | 5 | 4.7% | $5.1M | |
| 8 | Ohio | 5 | 4.7% | $1M | |
| 9 | Arizona | 4 | 3.8% | $6.8M | |
| 10 | Michigan | 4 | 3.8% | $2.4M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 9 | 8.5% | $10.8M | |
| 2 | Columbia Bank | 5 | 4.7% | $5.1M | |
| 3 | The Huntington National Bank | 4 | 3.8% | $1.8M | |
| 4 | Celtic Bank Corporation | 3 | 2.8% | $2.5M | |
| 5 | BankUnited, National Association | 3 | 2.8% | $2.5M | |
| 6 | Manufacturers and Traders Trust Company | 3 | 2.8% | $2.1M | |
| 7 | Kensington Bank | 3 | 2.8% | $1.1M | |
| 8 | U.S. Bank, National Association | 3 | 2.8% | $422K | |
| 9 | BMO Bank National Association | 2 | 1.9% | $3.6M | |
| 10 | NBT Bank, National Association | 2 | 1.9% | $2.3M |
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Franchise brands in Automotive Parts and Accessories Stores
25% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | LINE-X | 6 | 22.2% | $3M | |
| 2 | NAPA AutoCare | 5 | 18.5% | $4.6M | |
| 3 | Carquest Auto Parts | 4 | 14.8% | $1.7M | |
| 4 | Batteries Plus | 3 | 11.1% | $6.7M | |
| 5 | Big O Tires | 2 | 7.4% | $1.2M | |
| 6 | 1-800-Radiator & A/C | 1 | 3.7% | $350K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Automotive Parts and Accessories Stores?
Median $410,000 across 106 acquisition loans (FY2018 to FY2026); the middle half ran $248,125 to $917,775. That is 36% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Automotive Parts and Accessories Stores acquisitions?
Live Oak Banking Company (9), Columbia Bank (5), The Huntington National Bank (4), Celtic Bank Corporation (3), BankUnited, National Association (3).
Are businesses in Automotive Parts and Accessories Stores often franchised?
Yes, often. 25% of SBA acquisition loans in this industry financed a franchised unit. Top brands: LINE-X, NAPA AutoCare, Carquest Auto Parts, Batteries Plus, Big O Tires.
How risky are SBA loans for buying a business in Automotive Parts and Accessories Stores?
Of 97 seasoned loans (FY2018 to FY2021), 7.2% charged off, 105% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Automotive Parts and Accessories Stores acquisitions?
Median term 10 years, average initial rate 6.25% 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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