Baked Goods Retailers: SBA business acquisition loan data
121 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Baked Goods Retailers (NAICS 445291), totaling $70.3M. Median loan $350,000, 46% lower than the all-acquisition median. 33% 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 $707,000 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 #78 of 300 industries tracked.
- Geography. California leads with 18 loans; the top five states account for 48% of the industry's acquisitions.
- Jobs. Lenders reported 1,844 jobs supported across these loans, about 15.2 per acquisition, a rough proxy for the size of business changing hands.
Baked Goods Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 10 | $2.6M | $219,500 | |
| FY2019 | 8 | $1.7M | $177,500 | |
| FY2020 | 9 | $3.2M | $250,000 | |
| FY2021 | 11 | $8.8M | $622,000 | |
| FY2022 | 9 | $3.8M | $340,000 | |
| FY2023 | 16 | $6.1M | $297,000 | |
| FY2024 | 20 | $12M | $303,000 | |
| FY2025 | 18 | $13.8M | $618,000 | |
| FY2026 | 20 | $18.4M | $852,500 |
How often do these acquisition loans fail?
Of the 38 Baked Goods Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 4 have been charged off by the SBA, a rate of 10.5% by loan count and 4.6% by dollars. 22 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 Baked Goods Retailers is 199% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 18 | 14.9% | $17.2M | |
| 2 | Texas | 18 | 14.9% | $9.2M | |
| 3 | New Jersey | 9 | 7.4% | $5M | |
| 4 | Massachusetts | 7 | 5.8% | $4.7M | |
| 5 | Pennsylvania | 6 | 5.0% | $4.5M | |
| 6 | New York | 4 | 3.3% | $4.3M | |
| 7 | North Carolina | 4 | 3.3% | $2.8M | |
| 8 | Nebraska | 4 | 3.3% | $844K | |
| 9 | Virginia | 3 | 2.5% | $2.5M | |
| 10 | Louisiana | 3 | 2.5% | $1.7M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 13 | 10.7% | $13.4M | |
| 2 | Bank of Hope | 7 | 5.8% | $1.2M | |
| 3 | The Huntington National Bank | 5 | 4.1% | $2.5M | |
| 4 | Commonwealth Business Bank | 3 | 2.5% | $3.7M | |
| 5 | Pinnacle Bank | 3 | 2.5% | $2.7M | |
| 6 | Pathward National Association | 3 | 2.5% | $1.9M | |
| 7 | Plumas Bank | 3 | 2.5% | $1.7M | |
| 8 | Union Bank and Trust Company | 3 | 2.5% | $194K | |
| 9 | Columbia Bank | 2 | 1.7% | $3.9M | |
| 10 | Woori America Bank | 2 | 1.7% | $3.3M |
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Franchise brands in Baked Goods Retailers
33% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Paris Baguette | 7 | 17.5% | $9.4M | |
| 2 | Crumbl | 5 | 12.5% | $4.2M | |
| 3 | Great Harvest | 5 | 12.5% | $2.3M | |
| 4 | Philly Pretzel Factory | 3 | 7.5% | $691K | |
| 5 | Duck Donuts | 2 | 5.0% | $870K | |
| 6 | Nothing Bundt Cakes | 1 | 2.5% | $902K | |
| 7 | Dunkin' | 1 | 2.5% | $558K | |
| 8 | Auntie Anne's | 1 | 2.5% | $250K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Baked Goods Retailers?
Median $350,000 across 121 acquisition loans (FY2018 to FY2026); the middle half ran $164,000 to $707,000. That is 46% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Baked Goods Retailers acquisitions?
Live Oak Banking Company (13), Bank of Hope (7), The Huntington National Bank (5), Commonwealth Business Bank (3), Pinnacle Bank (3).
Are businesses in Baked Goods Retailers often franchised?
Yes, often. 33% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Paris Baguette, Crumbl, Great Harvest, Philly Pretzel Factory, Duck Donuts.
How risky are SBA loans for buying a business in Baked Goods Retailers?
Of 38 seasoned loans (FY2018 to FY2021), 10.5% charged off, 199% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Baked Goods Retailers acquisitions?
Median term 10 years, average initial rate 8.36% 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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