Convenience Retailers: SBA business acquisition loan data
492 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Convenience Retailers (NAICS 445131), totaling $345M. Median loan $509,000, 21% lower than the all-acquisition median.
Seller note standby terms and third-party consents are reviewed before closing.
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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 $942,750 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 1.0% of all SBA-financed business purchases, ranking #18 of 300 industries tracked.
- Geography. California leads with 150 loans; the top five states account for 66% of the industry's acquisitions.
- Jobs. Lenders reported 2,643 jobs supported across these loans, about 5.4 per acquisition, a rough proxy for the size of business changing hands.
Convenience Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 53 | $25.5M | $350,000 | |
| FY2019 | 53 | $33.7M | $440,000 | |
| FY2020 | 62 | $39.8M | $524,450 | |
| FY2021 | 78 | $49.1M | $472,500 | |
| FY2022 | 46 | $26.5M | $400,000 | |
| FY2023 | 49 | $41.5M | $628,000 | |
| FY2024 | 49 | $36M | $555,000 | |
| FY2025 | 49 | $40.9M | $650,000 | |
| FY2026 | 53 | $52.1M | $716,900 |
How often do these acquisition loans fail?
Of the 246 Convenience Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 5 have been charged off by the SBA, a rate of 2.0% by loan count and 0.6% by dollars. 137 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 Convenience Retailers is 42% 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 | 150 | 30.5% | $83.6M | |
| 2 | Washington | 86 | 17.5% | $78.1M | |
| 3 | Texas | 42 | 8.5% | $38.4M | |
| 4 | Oregon | 26 | 5.3% | $18M | |
| 5 | Michigan | 20 | 4.1% | $12.6M | |
| 6 | Ohio | 15 | 3.0% | $6.9M | |
| 7 | Massachusetts | 13 | 2.6% | $6.1M | |
| 8 | New Jersey | 12 | 2.4% | $7.3M | |
| 9 | New York | 12 | 2.4% | $5.6M | |
| 10 | Illinois | 9 | 1.8% | $6.4M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Commonwealth Business Bank | 65 | 13.2% | $35.3M | |
| 2 | Hanmi Bank | 51 | 10.4% | $36.2M | |
| 3 | Open Bank | 19 | 3.9% | $24.2M | |
| 4 | Metro City Bank | 14 | 2.8% | $9.7M | |
| 5 | American Continental Bank | 13 | 2.6% | $9.5M | |
| 6 | Bank of Hope | 12 | 2.4% | $4.3M | |
| 7 | West Coast Community Bank | 11 | 2.2% | $6.2M | |
| 8 | Mountain Pacific Bank | 10 | 2.0% | $10.8M | |
| 9 | VelocitySBA, LLC | 10 | 2.0% | $9.5M | |
| 10 | Celtic Bank Corporation | 10 | 2.0% | $8.3M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands in Convenience Retailers
5% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Circle K | 5 | 20.8% | $2.9M | |
| 2 | Smoothie King | 3 | 12.5% | $1.7M | |
| 3 | S.A.S. Petroleum | 1 | 4.2% | $5M | |
| 4 | SEI Fuel Services | 1 | 4.2% | $1.1M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Convenience Retailers?
Median $509,000 across 492 acquisition loans (FY2018 to FY2026); the middle half ran $298,000 to $942,750. That is 21% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Convenience Retailers acquisitions?
Commonwealth Business Bank (65), Hanmi Bank (51), Open Bank (19), Metro City Bank (14), American Continental Bank (13).
Are businesses in Convenience Retailers often franchised?
Rarely. Only 5% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Convenience Retailers?
Of 246 seasoned loans (FY2018 to FY2021), 2.0% charged off, 42% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Convenience Retailers acquisitions?
Median term 10 years, average initial rate 7.37% 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.
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