Floor Covering Retailers: SBA business acquisition loan data
105 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Floor Covering Retailers (NAICS 449121), totaling $117M. Median loan $652,000, in line with the all-acquisition median. Annual volume rose 15% 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 $1,358,000 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 #90 of 300 industries tracked.
- Geography. Florida leads with 12 loans; the top five states account for 38% of the industry's acquisitions.
- Jobs. Lenders reported 1,066 jobs supported across these loans, about 10.2 per acquisition, a rough proxy for the size of business changing hands.
Floor Covering Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $3.6M | $428,600 | |
| FY2019 | 8 | $3.6M | $290,000 | |
| FY2020 | 10 | $7.5M | $668,250 | |
| FY2021 | 14 | $23.6M | $855,000 | |
| FY2022 | 11 | $4.9M | $315,000 | |
| FY2023 | 16 | $14.3M | $704,750 | |
| FY2024 | 13 | $20.1M | $724,000 | |
| FY2025 | 12 | $19.6M | $917,000 | |
| FY2026 | 15 | $19.7M | $1,030,000 |
How often do these acquisition loans fail?
Of the 38 Floor Covering Retailers 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 2.6% by loan count and 0.4% by dollars. 18 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 Floor Covering Retailers is 25% 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 | 12 | 11.4% | $24.6M | |
| 2 | Minnesota | 8 | 7.6% | $5.2M | |
| 3 | Michigan | 7 | 6.7% | $12.7M | |
| 4 | Indiana | 7 | 6.7% | $8.1M | |
| 5 | California | 6 | 5.7% | $6.2M | |
| 6 | North Carolina | 6 | 5.7% | $4.9M | |
| 7 | Idaho | 4 | 3.8% | $1.5M | |
| 8 | Texas | 4 | 3.8% | $1.4M | |
| 9 | Pennsylvania | 3 | 2.9% | $7M | |
| 10 | Colorado | 3 | 2.9% | $3.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 9 | 8.6% | $12M | |
| 2 | The Huntington National Bank | 5 | 4.8% | $10M | |
| 3 | Truliant FCU | 3 | 2.9% | $7.6M | |
| 4 | U.S. Bank, National Association | 3 | 2.9% | $5.7M | |
| 5 | First Internet Bank of Indiana | 3 | 2.9% | $4.2M | |
| 6 | Fifth Third Bank | 3 | 2.9% | $2.9M | |
| 7 | United Prairie Bank | 3 | 2.9% | $2.6M | |
| 8 | BankVista | 3 | 2.9% | $1.8M | |
| 9 | Associated Bank National Association | 3 | 2.9% | $1.2M | |
| 10 | DFCU Financial | 2 | 1.9% | $6.5M |
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Franchise brands in Floor Covering Retailers
15% 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 | 4 | 25.0% | $3.1M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Floor Covering Retailers?
Median $652,000 across 105 acquisition loans (FY2018 to FY2026); the middle half ran $300,000 to $1,358,000. That is in line with the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Floor Covering Retailers acquisitions?
Live Oak Banking Company (9), The Huntington National Bank (5), Truliant FCU (3), U.S. Bank, National Association (3), First Internet Bank of Indiana (3).
Are businesses in Floor Covering Retailers often franchised?
Sometimes. 15% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Carpet One Floor & Home.
How risky are SBA loans for buying a business in Floor Covering Retailers?
Of 38 seasoned loans (FY2018 to FY2021), 2.6% charged off, 25% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Floor Covering Retailers 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.
The purchase agreement decides what you bought, not the loan approval.
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