Drugs and Druggists' Sundries Merchant Wholesalers: SBA business acquisition loan data
21 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210), totaling $36.6M. Median loan $1,231,000, 91% 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 $2,773,600 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #284 of 300 industries tracked.
- Geography. California leads with 4 loans; the top five states account for 62% of the industry's acquisitions.
- Jobs. Lenders reported 171 jobs supported across these loans, about 8.1 per acquisition, a rough proxy for the size of business changing hands.
Drugs and Druggists' Sundries Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $4.2M | $546,000 | |
| FY2019 | 1 | $900K | $900,000 | |
| FY2020 | 3 | $4.7M | $1,655,000 | |
| FY2021 | 3 | $5.4M | $358,000 | |
| FY2022 | 2 | $1.9M | $928,500 | |
| FY2023 | 2 | $6.5M | $3,236,800 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 5 | $8.6M | $1,231,000 | |
| FY2026 | 1 | $4.6M | $4,590,000 |
How often do these acquisition loans fail?
Fewer than 20 Drugs and Druggists' Sundries Merchant Wholesalers acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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 | 4 | 19.0% | $5M | |
| 2 | New Jersey | 3 | 14.3% | $8.4M | |
| 3 | Florida | 2 | 9.5% | $6.2M | |
| 4 | Texas | 2 | 9.5% | $4.7M | |
| 5 | Louisiana | 2 | 9.5% | $408K | |
| 6 | Alabama | 1 | 4.8% | $3.7M | |
| 7 | Oregon | 1 | 4.8% | $2.8M | |
| 8 | Utah | 1 | 4.8% | $1.9M | |
| 9 | Illinois | 1 | 4.8% | $900K | |
| 10 | Georgia | 1 | 4.8% | $892K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 23.8% | $11.6M | |
| 2 | Byline Bank | 3 | 14.3% | $4.1M | |
| 3 | First Guaranty Bank | 2 | 9.5% | $408K | |
| 4 | Truliant FCU | 1 | 4.8% | $4.6M | |
| 5 | Millennial Bank | 1 | 4.8% | $3.7M | |
| 6 | Summit Bank | 1 | 4.8% | $2.8M | |
| 7 | Haddon Savings Bank | 1 | 4.8% | $2.2M | |
| 8 | Zions Bancorporation, National Association | 1 | 4.8% | $1.9M | |
| 9 | Beacon Bank and Trust | 1 | 4.8% | $1.7M | |
| 10 | FinWise Bank | 1 | 4.8% | $1.2M |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Drugs and Druggists' Sundries Merchant Wholesalers?
Median $1,231,000 across 21 acquisition loans (FY2018 to FY2026); the middle half ran $358,000 to $2,773,600. That is 91% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Drugs and Druggists' Sundries Merchant Wholesalers acquisitions?
Live Oak Banking Company (5), Byline Bank (3), First Guaranty Bank (2), Truliant FCU (1), Millennial Bank (1).
Are businesses in Drugs and Druggists' Sundries Merchant Wholesalers 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 Drugs and Druggists' Sundries Merchant Wholesalers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Drugs and Druggists' Sundries Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.39% 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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