Florists: SBA business acquisition loan data
174 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Florists (NAICS 459310), totaling $69.6M. Median loan $221,400, 66% lower 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 $403,750 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.4% of all SBA-financed business purchases, ranking #59 of 300 industries tracked.
- Geography. Texas leads with 16 loans; the top five states account for 32% of the industry's acquisitions.
- Jobs. Lenders reported 1,349 jobs supported across these loans, about 7.8 per acquisition, a rough proxy for the size of business changing hands.
Florists acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $1.8M | $182,500 | |
| FY2019 | 9 | $2.5M | $200,000 | |
| FY2020 | 16 | $8.5M | $178,750 | |
| FY2021 | 16 | $7.5M | $194,500 | |
| FY2022 | 27 | $14.8M | $206,200 | |
| FY2023 | 22 | $8.6M | $312,500 | |
| FY2024 | 25 | $6.2M | $180,000 | |
| FY2025 | 27 | $11.8M | $335,000 | |
| FY2026 | 23 | $7.9M | $235,000 |
How often do these acquisition loans fail?
Of the 50 Florists 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 2.0% by loan count and 0.4% by dollars. 24 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 Florists is 43% 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 16 | 9.2% | $11.2M | |
| 2 | Ohio | 13 | 7.5% | $3.6M | |
| 3 | California | 10 | 5.7% | $3.1M | |
| 4 | Wisconsin | 8 | 4.6% | $6.6M | |
| 5 | Michigan | 8 | 4.6% | $2.3M | |
| 6 | Florida | 7 | 4.0% | $7.6M | |
| 7 | New York | 7 | 4.0% | $1.6M | |
| 8 | Minnesota | 7 | 4.0% | $1.3M | |
| 9 | Iowa | 7 | 4.0% | $988K | |
| 10 | Pennsylvania | 6 | 3.4% | $4.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 27 | 15.5% | $8.9M | |
| 2 | Live Oak Banking Company | 9 | 5.2% | $7.5M | |
| 3 | Northwest Bank | 4 | 2.3% | $1M | |
| 4 | U.S. Bank, National Association | 3 | 1.7% | $1.9M | |
| 5 | PNC Bank, National Association | 3 | 1.7% | $1.4M | |
| 6 | Bank Iowa | 3 | 1.7% | $483K | |
| 7 | First Internet Bank of Indiana | 2 | 1.1% | $4.8M | |
| 8 | Byline Bank | 2 | 1.1% | $2.1M | |
| 9 | BMO Bank National Association | 2 | 1.1% | $857K | |
| 10 | United Midwest Savings Bank National Association | 2 | 1.1% | $772K |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Florists?
Median $221,400 across 174 acquisition loans (FY2018 to FY2026); the middle half ran $111,650 to $403,750. That is 66% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Florists acquisitions?
The Huntington National Bank (27), Live Oak Banking Company (9), Northwest Bank (4), U.S. Bank, National Association (3), PNC Bank, National Association (3).
Are businesses in Florists often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Florists?
Of 50 seasoned loans (FY2018 to FY2021), 2.0% charged off, 43% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Florists acquisitions?
Median term 10 years, average initial rate 7.85% 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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