Commercial and Industrial Machinery and Equipment Repair and Maintenance: SBA business acquisition loan data
192 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (NAICS 811310), totaling $215M. Median loan $828,850, 28% higher than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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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 $1,655,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.4% of all SBA-financed business purchases, ranking #56 of 300 industries tracked.
- Geography. Texas leads with 23 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 2,582 jobs supported across these loans, about 13.4 per acquisition, a rough proxy for the size of business changing hands.
Commercial and Industrial Machinery and Equipment Repair and Maintenance acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 18 | $23.2M | $924,850 | |
| FY2019 | 15 | $13.9M | $821,500 | |
| FY2020 | 22 | $18.1M | $622,600 | |
| FY2021 | 21 | $33.2M | $930,000 | |
| FY2022 | 17 | $17M | $720,000 | |
| FY2023 | 9 | $12.4M | $891,000 | |
| FY2024 | 31 | $30.4M | $746,000 | |
| FY2025 | 28 | $28.7M | $773,350 | |
| FY2026 | 31 | $38.6M | $965,000 |
How often do these acquisition loans fail?
Of the 76 Commercial and Industrial Machinery and Equipment Repair and Maintenance acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 39 have already been paid in full.
For comparison, Commercial and Industrial Machinery and Equipment Repair and Maintenance has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 | Texas | 23 | 12.0% | $32.9M | |
| 2 | California | 20 | 10.4% | $18.2M | |
| 3 | Florida | 16 | 8.3% | $18.1M | |
| 4 | Pennsylvania | 12 | 6.3% | $14.9M | |
| 5 | Colorado | 10 | 5.2% | $15.8M | |
| 6 | Michigan | 10 | 5.2% | $10.8M | |
| 7 | Illinois | 7 | 3.6% | $7.6M | |
| 8 | Ohio | 7 | 3.6% | $5.8M | |
| 9 | Missouri | 6 | 3.1% | $9.2M | |
| 10 | Massachusetts | 6 | 3.1% | $4.8M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 22 | 11.5% | $24.7M | |
| 2 | The Huntington National Bank | 16 | 8.3% | $13.2M | |
| 3 | First Internet Bank of Indiana | 8 | 4.2% | $8.1M | |
| 4 | Wells Fargo Bank National Association | 6 | 3.1% | $5.8M | |
| 5 | Beacon Bank and Trust | 5 | 2.6% | $8.3M | |
| 6 | First National Bank of Pennsylvania | 5 | 2.6% | $5.7M | |
| 7 | United Community Bank | 4 | 2.1% | $8.8M | |
| 8 | PNC Bank, National Association | 4 | 2.1% | $6M | |
| 9 | Readycap Lending, LLC | 3 | 1.6% | $6M | |
| 10 | Truliant FCU | 3 | 1.6% | $5.7M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in Commercial and Industrial Machinery and Equipment Repair and Maintenance
3% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pirtek | 3 | 60.0% | $6.9M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Commercial and Industrial Machinery and Equipment Repair and Maintenance?
Median $828,850 across 192 acquisition loans (FY2018 to FY2026); the middle half ran $277,500 to $1,655,000. That is 28% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Commercial and Industrial Machinery and Equipment Repair and Maintenance acquisitions?
Live Oak Banking Company (22), The Huntington National Bank (16), First Internet Bank of Indiana (8), Wells Fargo Bank National Association (6), Beacon Bank and Trust (5).
Are businesses in Commercial and Industrial Machinery and Equipment Repair and Maintenance often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Commercial and Industrial Machinery and Equipment Repair and Maintenance?
Of 76 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Commercial and Industrial Machinery and Equipment Repair and Maintenance acquisitions?
Median term 10 years, average initial rate 7.95% 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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