Fabricated Structural Metal Manufacturing: SBA business acquisition loan data
62 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Fabricated Structural Metal Manufacturing (NAICS 332312), totaling $108M. Median loan $1,004,000, 56% higher than the all-acquisition median.
The purchase agreement decides what you bought, not the loan approval.
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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 $2,503,575 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 #143 of 300 industries tracked.
- Geography. Texas leads with 8 loans; the top five states account for 44% of the industry's acquisitions.
- Jobs. Lenders reported 965 jobs supported across these loans, about 15.6 per acquisition, a rough proxy for the size of business changing hands.
Fabricated Structural Metal Manufacturing acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2.4M | $240,000 | |
| FY2019 | 7 | $10.5M | $1,550,000 | |
| FY2020 | 8 | $19.3M | $1,993,850 | |
| FY2021 | 6 | $19.8M | $4,027,200 | |
| FY2022 | 3 | $6.7M | $2,548,100 | |
| FY2023 | 4 | $6.3M | $1,853,500 | |
| FY2024 | 6 | $8.3M | $741,250 | |
| FY2025 | 11 | $13.2M | $897,500 | |
| FY2026 | 14 | $21M | $925,150 |
How often do these acquisition loans fail?
Of the 24 Fabricated Structural Metal Manufacturing acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 8.3% by loan count and 1.4% by dollars. 15 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 Fabricated Structural Metal Manufacturing is 137% 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 8 | 12.9% | $8M | |
| 2 | Utah | 6 | 9.7% | $7.5M | |
| 3 | Missouri | 5 | 8.1% | $7M | |
| 4 | Florida | 4 | 6.5% | $12.2M | |
| 5 | Oregon | 4 | 6.5% | $6.5M | |
| 6 | Indiana | 4 | 6.5% | $4.1M | |
| 7 | Washington | 4 | 6.5% | $821K | |
| 8 | Wisconsin | 3 | 4.8% | $6.9M | |
| 9 | Colorado | 3 | 4.8% | $6M | |
| 10 | South Carolina | 3 | 4.8% | $1.8M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 6.5% | $12.3M | |
| 2 | First Internet Bank of Indiana | 4 | 6.5% | $8.8M | |
| 3 | American Momentum Bank | 3 | 4.8% | $5.1M | |
| 4 | Bank of Springfield | 3 | 4.8% | $1.8M | |
| 5 | Newtek Small Business Finance, LLC | 2 | 3.2% | $6.4M | |
| 6 | Beacon Bank and Trust | 2 | 3.2% | $5M | |
| 7 | First Horizon Bank | 2 | 3.2% | $4.1M | |
| 8 | Royal Banks of Missouri | 2 | 3.2% | $2.3M | |
| 9 | Regions Bank | 2 | 3.2% | $2.1M | |
| 10 | Northwest Bank | 2 | 3.2% | $1.7M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Fabricated Structural Metal Manufacturing?
Median $1,004,000 across 62 acquisition loans (FY2018 to FY2026); the middle half ran $362,500 to $2,503,575. That is 56% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Fabricated Structural Metal Manufacturing acquisitions?
Live Oak Banking Company (4), First Internet Bank of Indiana (4), American Momentum Bank (3), Bank of Springfield (3), Newtek Small Business Finance, LLC (2).
Are businesses in Fabricated Structural Metal 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 Fabricated Structural Metal Manufacturing?
Of 24 seasoned loans (FY2018 to FY2021), 8.3% charged off, 137% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Fabricated Structural Metal Manufacturing acquisitions?
Median term 10 years, average initial rate 7.76% 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.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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