Fine Arts Schools: SBA business acquisition loan data
56 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Fine Arts Schools (NAICS 611610), totaling $26.8M. Median loan $259,250, 60% lower 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 $534,000 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 #155 of 300 industries tracked.
- Geography. New Jersey leads with 8 loans; the top five states account for 43% of the industry's acquisitions.
- Jobs. Lenders reported 524 jobs supported across these loans, about 9.4 per acquisition, a rough proxy for the size of business changing hands.
Fine Arts Schools acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $2M | $94,700 | |
| FY2019 | 11 | $5.1M | $241,400 | |
| FY2020 | 3 | $1M | $420,000 | |
| FY2021 | 5 | $1.3M | $157,500 | |
| FY2022 | 5 | $1.1M | $250,000 | |
| FY2023 | 4 | $1.1M | $275,750 | |
| FY2024 | 6 | $3.2M | $340,250 | |
| FY2025 | 7 | $5.1M | $203,900 | |
| FY2026 | 9 | $6.9M | $788,000 |
How often do these acquisition loans fail?
Of the 25 Fine Arts Schools 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 4.0% by loan count and 1.1% by dollars. 11 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 Fine Arts Schools is 14% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New Jersey | 8 | 14.3% | $4.3M | |
| 2 | Georgia | 4 | 7.1% | $4.5M | |
| 3 | Texas | 4 | 7.1% | $2.6M | |
| 4 | Pennsylvania | 4 | 7.1% | $1.3M | |
| 5 | Ohio | 4 | 7.1% | $1.1M | |
| 6 | Minnesota | 4 | 7.1% | $482K | |
| 7 | Illinois | 3 | 5.4% | $2.1M | |
| 8 | California | 3 | 5.4% | $1.2M | |
| 9 | Colorado | 3 | 5.4% | $1M | |
| 10 | North Carolina | 3 | 5.4% | $838K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | PNC Bank, National Association | 5 | 8.9% | $1.5M | |
| 2 | The Huntington National Bank | 4 | 7.1% | $2.5M | |
| 3 | Zions Bancorporation, National Association | 3 | 5.4% | $892K | |
| 4 | Oconee State Bank | 2 | 3.6% | $2.8M | |
| 5 | TD Bank, National Association | 2 | 3.6% | $2.4M | |
| 6 | Byline Bank | 2 | 3.6% | $1.8M | |
| 7 | Columbia Bank | 2 | 3.6% | $1.2M | |
| 8 | Northwest Bank | 2 | 3.6% | $1.1M | |
| 9 | BMO Bank National Association | 2 | 3.6% | $629K | |
| 10 | Provident Bank | 2 | 3.6% | $430K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands in Fine Arts Schools
18% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Board & Brush Creative Studios | 1 | 10.0% | $197K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Fine Arts Schools?
Median $259,250 across 56 acquisition loans (FY2018 to FY2026); the middle half ran $137,600 to $534,000. That is 60% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Fine Arts Schools acquisitions?
PNC Bank, National Association (5), The Huntington National Bank (4), Zions Bancorporation, National Association (3), Oconee State Bank (2), TD Bank, National Association (2).
Are businesses in Fine Arts Schools often franchised?
Sometimes. 18% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Board & Brush Creative Studios.
How risky are SBA loans for buying a business in Fine Arts Schools?
Of 25 seasoned loans (FY2018 to FY2021), 4.0% charged off, 14% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Fine Arts Schools acquisitions?
Median term 10 years, average initial rate 8.15% 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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