Cut Stone and Stone Product Manufacturing: SBA business acquisition loan data
62 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Cut Stone and Stone Product Manufacturing (NAICS 327991), totaling $69.9M. Median loan $807,500, 25% higher than the all-acquisition median.
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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 $1,472,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #142 of 300 industries tracked.
- Geography. Florida leads with 6 loans; the top five states account for 40% of the industry's acquisitions.
- Jobs. Lenders reported 856 jobs supported across these loans, about 13.8 per acquisition, a rough proxy for the size of business changing hands.
Cut Stone and Stone Product Manufacturing acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2.3M | $81,000 | |
| FY2019 | 3 | $3.9M | $1,224,300 | |
| FY2020 | 10 | $7.5M | $636,700 | |
| FY2021 | 7 | $9.3M | $350,000 | |
| FY2022 | 10 | $11.3M | $712,250 | |
| FY2023 | 2 | $2.3M | $1,147,500 | |
| FY2024 | 5 | $4.3M | $830,000 | |
| FY2025 | 7 | $11.4M | $881,500 | |
| FY2026 | 15 | $17.7M | $1,076,000 |
How often do these acquisition loans fail?
Of the 23 Cut Stone and Stone Product Manufacturing 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. 9 have already been paid in full.
For comparison, Cut Stone and Stone Product Manufacturing 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 6 | 9.7% | $8.8M | |
| 2 | Ohio | 6 | 9.7% | $2.8M | |
| 3 | South Carolina | 5 | 8.1% | $5.2M | |
| 4 | Wisconsin | 4 | 6.5% | $5.1M | |
| 5 | Minnesota | 4 | 6.5% | $2.9M | |
| 6 | Georgia | 3 | 4.8% | $9.9M | |
| 7 | Colorado | 3 | 4.8% | $2.6M | |
| 8 | Utah | 3 | 4.8% | $1.5M | |
| 9 | New Hampshire | 3 | 4.8% | $1.1M | |
| 10 | Alabama | 2 | 3.2% | $3.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 9.7% | $7.9M | |
| 2 | Zions Bancorporation, National Association | 4 | 6.5% | $2.4M | |
| 3 | The Huntington National Bank | 3 | 4.8% | $1.2M | |
| 4 | First Internet Bank of Indiana | 2 | 3.2% | $3.7M | |
| 5 | Pathward National Association | 2 | 3.2% | $3.2M | |
| 6 | St. Louis Bank | 2 | 3.2% | $2.6M | |
| 7 | First Resource Bank | 2 | 3.2% | $2.2M | |
| 8 | Bank of Oak Ridge | 2 | 3.2% | $2.1M | |
| 9 | Northwest Bank | 2 | 3.2% | $1.3M | |
| 10 | The Fidelity Bank | 2 | 3.2% | $984K |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Cut Stone and Stone Product Manufacturing?
Median $807,500 across 62 acquisition loans (FY2018 to FY2026); the middle half ran $225,000 to $1,472,500. That is 25% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Cut Stone and Stone Product Manufacturing acquisitions?
Live Oak Banking Company (6), Zions Bancorporation, National Association (4), The Huntington National Bank (3), First Internet Bank of Indiana (2), Pathward National Association (2).
Are businesses in Cut Stone and Stone Product Manufacturing often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Cut Stone and Stone Product Manufacturing?
Of 23 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Cut Stone and Stone Product Manufacturing acquisitions?
Median term 10 years, average initial rate 7.79% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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