Elementary and Secondary Schools: SBA business acquisition loan data
66 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Elementary and Secondary Schools (NAICS 611110), totaling $61.6M. Median loan $657,500, in line with 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 $1,236,250 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 #138 of 300 industries tracked.
- Geography. California leads with 12 loans; the top five states account for 64% of the industry's acquisitions.
- Jobs. Lenders reported 1,128 jobs supported across these loans, about 17.1 per acquisition, a rough proxy for the size of business changing hands.
Elementary and Secondary Schools acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $6.4M | $791,300 | |
| FY2019 | 10 | $9.2M | $842,500 | |
| FY2020 | 6 | $7.7M | $701,250 | |
| FY2021 | 8 | $9.7M | $729,500 | |
| FY2022 | 5 | $3.4M | $512,000 | |
| FY2023 | 8 | $6.1M | $292,500 | |
| FY2024 | 9 | $8.6M | $665,000 | |
| FY2025 | 7 | $5.5M | $650,000 | |
| FY2026 | 4 | $4.9M | $1,381,500 |
How often do these acquisition loans fail?
Of the 33 Elementary and Secondary Schools 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. 13 have already been paid in full.
For comparison, Elementary and Secondary Schools 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 | California | 12 | 18.2% | $14.5M | |
| 2 | Arizona | 10 | 15.2% | $9M | |
| 3 | Florida | 9 | 13.6% | $10M | |
| 4 | Texas | 7 | 10.6% | $9.9M | |
| 5 | Massachusetts | 4 | 6.1% | $2.7M | |
| 6 | Indiana | 3 | 4.5% | $4M | |
| 7 | Georgia | 3 | 4.5% | $1.8M | |
| 8 | Pennsylvania | 3 | 4.5% | $1.5M | |
| 9 | New Jersey | 2 | 3.0% | $2.2M | |
| 10 | Tennessee | 2 | 3.0% | $695K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 8 | 12.1% | $3.8M | |
| 2 | Beacon Bank and Trust | 4 | 6.1% | $4.8M | |
| 3 | Midwest Regional Bank | 4 | 6.1% | $3.9M | |
| 4 | Live Oak Banking Company | 3 | 4.5% | $5.5M | |
| 5 | IncredibleBank | 2 | 3.0% | $3.2M | |
| 6 | U.S. Bank, National Association | 2 | 3.0% | $3M | |
| 7 | Bell Bank | 2 | 3.0% | $2.3M | |
| 8 | MidFirst Bank | 2 | 3.0% | $2M | |
| 9 | Capital One National Association | 2 | 3.0% | $1.7M | |
| 10 | Fulton Bank, National Association | 2 | 3.0% | $1.6M |
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Franchise brands in Elementary and Secondary Schools
18% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Kiddie Academy | 3 | 25.0% | $1.4M | |
| 2 | Kumon | 3 | 25.0% | $786K | |
| 3 | The Goddard School | 2 | 16.7% | $1.7M | |
| 4 | Primrose Schools | 1 | 8.3% | $1.1M | |
| 5 | Brain Balance | 1 | 8.3% | $350K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Elementary and Secondary Schools?
Median $657,500 across 66 acquisition loans (FY2018 to FY2026); the middle half ran $255,000 to $1,236,250. That is in line with the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Elementary and Secondary Schools acquisitions?
The Huntington National Bank (8), Beacon Bank and Trust (4), Midwest Regional Bank (4), Live Oak Banking Company (3), IncredibleBank (2).
Are businesses in Elementary and Secondary Schools often franchised?
Sometimes. 18% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Kiddie Academy, Kumon, The Goddard School, Primrose Schools, Brain Balance.
How risky are SBA loans for buying a business in Elementary and Secondary Schools?
Of 33 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Elementary and Secondary Schools acquisitions?
Median term 10 years, average initial rate 7.80% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
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