Finish Carpentry Contractors: SBA business acquisition loan data
94 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Finish Carpentry Contractors (NAICS 238350), totaling $98.8M. Median loan $653,650, in line with the all-acquisition median. Annual volume rose 150% from FY2024 to FY2026.
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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 $1,555,175 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #103 of 300 industries tracked.
- Geography. Florida leads with 11 loans; the top five states account for 43% of the industry's acquisitions.
- Jobs. Lenders reported 1,068 jobs supported across these loans, about 11.4 per acquisition, a rough proxy for the size of business changing hands.
Finish Carpentry Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $4.8M | $395,250 | |
| FY2019 | 6 | $3.6M | $467,500 | |
| FY2020 | 11 | $10.5M | $598,000 | |
| FY2021 | 9 | $15.3M | $1,424,300 | |
| FY2022 | 7 | $7.5M | $465,800 | |
| FY2023 | 5 | $3.2M | $540,000 | |
| FY2024 | 10 | $12.2M | $1,159,500 | |
| FY2025 | 15 | $16.2M | $612,000 | |
| FY2026 | 25 | $25.4M | $692,000 |
How often do these acquisition loans fail?
Of the 32 Finish Carpentry 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 3.1% by loan count and 1.0% by dollars. 19 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 Finish Carpentry Contractors is 11% lower 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 | Florida | 11 | 11.7% | $16.9M | |
| 2 | North Carolina | 8 | 8.5% | $8M | |
| 3 | Washington | 8 | 8.5% | $6.2M | |
| 4 | Arizona | 7 | 7.4% | $6M | |
| 5 | Connecticut | 6 | 6.4% | $1.8M | |
| 6 | California | 5 | 5.3% | $6M | |
| 7 | Ohio | 5 | 5.3% | $4.1M | |
| 8 | Utah | 5 | 5.3% | $3.3M | |
| 9 | Nevada | 4 | 4.3% | $8M | |
| 10 | Indiana | 4 | 4.3% | $4.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 8 | 8.5% | $4.8M | |
| 2 | Live Oak Banking Company | 7 | 7.4% | $5.3M | |
| 3 | First National Bank of Pennsylvania | 4 | 4.3% | $6M | |
| 4 | Zions Bancorporation, National Association | 4 | 4.3% | $3.6M | |
| 5 | Manufacturers and Traders Trust Company | 4 | 4.3% | $705K | |
| 6 | First Interstate Bank | 3 | 3.2% | $6.4M | |
| 7 | Western Alliance Bank | 3 | 3.2% | $3.6M | |
| 8 | First Financial Bank | 3 | 3.2% | $2M | |
| 9 | First Bank | 2 | 2.1% | $6.7M | |
| 10 | 22nd State Bank, A Division of 22nd State Banking Company | 2 | 2.1% | $5.3M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in Finish Carpentry Contractors
7% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Carpet One Floor & Home | 1 | 14.3% | $1.8M | |
| 2 | Screenmobile | 1 | 14.3% | $175K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Finish Carpentry Contractors?
Median $653,650 across 94 acquisition loans (FY2018 to FY2026); the middle half ran $250,000 to $1,555,175. That is in line with the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Finish Carpentry Contractors acquisitions?
The Huntington National Bank (8), Live Oak Banking Company (7), First National Bank of Pennsylvania (4), Zions Bancorporation, National Association (4), Manufacturers and Traders Trust Company (4).
Are businesses in Finish Carpentry Contractors often franchised?
Sometimes. 7% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Carpet One Floor & Home, Screenmobile.
How risky are SBA loans for buying a business in Finish Carpentry Contractors?
Of 32 seasoned loans (FY2018 to FY2021), 3.1% charged off, 11% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Finish Carpentry Contractors acquisitions?
Median term 10 years, average initial rate 8.14% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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