Farm Supplies Merchant Wholesalers: SBA business acquisition loan data
30 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Farm Supplies Merchant Wholesalers (NAICS 424910), totaling $32.5M. Median loan $912,500, 41% higher than the all-acquisition median.
Seller note standby terms and third-party consents are reviewed before closing.
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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 $1,647,100 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 #229 of 300 industries tracked.
- Geography. Iowa leads with 4 loans; the top five states account for 50% of the industry's acquisitions.
- Jobs. Lenders reported 208 jobs supported across these loans, about 6.9 per acquisition, a rough proxy for the size of business changing hands.
Farm Supplies Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $240K | $240,000 | |
| FY2019 | 1 | $164K | $163,700 | |
| FY2020 | 1 | $1M | $1,000,000 | |
| FY2021 | 4 | $3.3M | $317,000 | |
| FY2022 | 6 | $6.3M | $1,058,950 | |
| FY2023 | 2 | $2.8M | $1,377,400 | |
| FY2024 | 5 | $5M | $1,110,000 | |
| FY2025 | 6 | $7.5M | $662,500 | |
| FY2026 | 4 | $6.3M | $1,501,150 |
How often do these acquisition loans fail?
Fewer than 20 Farm Supplies 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Iowa | 4 | 13.3% | $2.1M | |
| 2 | Texas | 3 | 10.0% | $5.4M | |
| 3 | Michigan | 3 | 10.0% | $4.8M | |
| 4 | Wyoming | 3 | 10.0% | $669K | |
| 5 | Missouri | 2 | 6.7% | $3.7M | |
| 6 | Nebraska | 2 | 6.7% | $2.3M | |
| 7 | Massachusetts | 2 | 6.7% | $2.3M | |
| 8 | California | 2 | 6.7% | $2.1M | |
| 9 | New Mexico | 2 | 6.7% | $1.8M | |
| 10 | South Carolina | 1 | 3.3% | $1.7M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bank of Bridger National Association | 3 | 10.0% | $669K | |
| 2 | Merchants Bank of Indiana | 2 | 6.7% | $4.7M | |
| 3 | Belgrade State Bank | 2 | 6.7% | $3.7M | |
| 4 | Santander Bank, National Association | 2 | 6.7% | $2.3M | |
| 5 | Live Oak Banking Company | 2 | 6.7% | $1.8M | |
| 6 | Nicolet National Bank | 2 | 6.7% | $968K | |
| 7 | American Momentum Bank | 1 | 3.3% | $2.6M | |
| 8 | Busey Bank | 1 | 3.3% | $2.1M | |
| 9 | First-Citizens Bank & Trust Company | 1 | 3.3% | $1.7M | |
| 10 | U.S. Bank, National Association | 1 | 3.3% | $1.7M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Farm Supplies Merchant Wholesalers?
Median $912,500 across 30 acquisition loans (FY2018 to FY2026); the middle half ran $321,100 to $1,647,100. That is 41% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Farm Supplies Merchant Wholesalers acquisitions?
Bank of Bridger National Association (3), Merchants Bank of Indiana (2), Belgrade State Bank (2), Santander Bank, National Association (2), Live Oak Banking Company (2).
Are businesses in Farm Supplies 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 Farm Supplies 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 Farm Supplies Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.37% 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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