Drywall and Insulation Contractors: SBA business acquisition loan data
61 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Drywall and Insulation Contractors (NAICS 238310), totaling $86.6M. Median loan $805,500, 25% 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 $2,030,000 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 #144 of 300 industries tracked.
- Geography. Washington leads with 8 loans; the top five states account for 38% of the industry's acquisitions.
- Jobs. Lenders reported 1,174 jobs supported across these loans, about 19.2 per acquisition, a rough proxy for the size of business changing hands.
Drywall and Insulation Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $707K | $353,550 | |
| FY2019 | 5 | $7.2M | $967,000 | |
| FY2020 | 8 | $5.8M | $322,500 | |
| FY2021 | 5 | $6.5M | $1,339,000 | |
| FY2022 | 6 | $5.7M | $575,000 | |
| FY2023 | 5 | $8.1M | $591,500 | |
| FY2024 | 9 | $16.6M | $1,548,000 | |
| FY2025 | 9 | $19.1M | $1,350,000 | |
| FY2026 | 12 | $16.8M | $820,550 |
How often do these acquisition loans fail?
Of the 20 Drywall and Insulation Contractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 5.0% by loan count and 4.5% by dollars. 12 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 Drywall and Insulation Contractors is 42% 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 8 | 13.1% | $9.8M | |
| 2 | Massachusetts | 4 | 6.6% | $10.2M | |
| 3 | Texas | 4 | 6.6% | $6.1M | |
| 4 | Florida | 4 | 6.6% | $3.5M | |
| 5 | North Carolina | 3 | 4.9% | $6.4M | |
| 6 | Georgia | 3 | 4.9% | $6.3M | |
| 7 | Ohio | 3 | 4.9% | $5.2M | |
| 8 | Pennsylvania | 3 | 4.9% | $4.2M | |
| 9 | Michigan | 3 | 4.9% | $2.7M | |
| 10 | New York | 3 | 4.9% | $885K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pathward National Association | 4 | 6.6% | $10.4M | |
| 2 | The Huntington National Bank | 4 | 6.6% | $2.1M | |
| 3 | Live Oak Banking Company | 3 | 4.9% | $7.9M | |
| 4 | Bank of America, National Association | 3 | 4.9% | $2.3M | |
| 5 | Banner Bank | 3 | 4.9% | $1.1M | |
| 6 | Beacon Bank and Trust | 2 | 3.3% | $7.5M | |
| 7 | Pinnacle Bank | 2 | 3.3% | $6.6M | |
| 8 | Enterprise Bank | 2 | 3.3% | $2.6M | |
| 9 | Lake Ridge Bank | 2 | 3.3% | $1.4M | |
| 10 | Byline Bank | 2 | 3.3% | $1.2M |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Drywall and Insulation Contractors?
Median $805,500 across 61 acquisition loans (FY2018 to FY2026); the middle half ran $350,000 to $2,030,000. That is 25% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Drywall and Insulation Contractors acquisitions?
Pathward National Association (4), The Huntington National Bank (4), Live Oak Banking Company (3), Bank of America, National Association (3), Banner Bank (3).
Are businesses in Drywall and Insulation Contractors often franchised?
Sometimes. 8% of SBA acquisition loans in this industry financed a franchised unit. Top brands: .
How risky are SBA loans for buying a business in Drywall and Insulation Contractors?
Of 20 seasoned loans (FY2018 to FY2021), 5.0% charged off, 42% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Drywall and Insulation Contractors acquisitions?
Median term 10 years, average initial rate 8.03% 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.
Request Engagement AssessmentAll 50 states. Free consultation.
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