Fruit and Vegetable Markets: SBA business acquisition loan data
21 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Fruit and Vegetable Markets (NAICS 445230), totaling $12.4M. Median loan $250,000, 61% lower than the all-acquisition median. 24% of these deals were franchised units.
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 $800,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #285 of 300 industries tracked.
- Geography. New York leads with 4 loans; the top five states account for 62% of the industry's acquisitions.
- Jobs. Lenders reported 259 jobs supported across these loans, about 12.3 per acquisition, a rough proxy for the size of business changing hands.
Fruit and Vegetable Markets acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $808K | $265,500 | |
| FY2019 | 1 | $630K | $630,000 | |
| FY2020 | 5 | $4.1M | $150,000 | |
| FY2021 | 3 | $2M | $266,000 | |
| FY2022 | 3 | $1.2M | $250,000 | |
| FY2023 | 1 | $230K | $229,500 | |
| FY2024 | 2 | $371K | $185,500 | |
| FY2025 | 2 | $1.3M | $657,500 | |
| FY2026 | 1 | $1.8M | $1,790,000 |
How often do these acquisition loans fail?
Fewer than 20 Fruit and Vegetable Markets 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 4 | 19.0% | $1.3M | |
| 2 | Florida | 3 | 14.3% | $4.7M | |
| 3 | Washington | 2 | 9.5% | $3M | |
| 4 | Illinois | 2 | 9.5% | $958K | |
| 5 | North Carolina | 2 | 9.5% | $950K | |
| 6 | New Jersey | 2 | 9.5% | $416K | |
| 7 | Georgia | 2 | 9.5% | $380K | |
| 8 | New Hampshire | 1 | 4.8% | $225K | |
| 9 | California | 1 | 4.8% | $221K | |
| 10 | Minnesota | 1 | 4.8% | $150K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Midwest Regional Bank | 2 | 9.5% | $1.9M | |
| 2 | Village Bank and Trust, National Association | 2 | 9.5% | $958K | |
| 3 | Pinnacle Bank | 2 | 9.5% | $950K | |
| 4 | Bank of Hope | 2 | 9.5% | $516K | |
| 5 | PNC Bank, National Association | 1 | 4.8% | $2.9M | |
| 6 | Evolve Bank and Trust | 1 | 4.8% | $1.8M | |
| 7 | First Bank of the Lake | 1 | 4.8% | $1.2M | |
| 8 | US Metro Bank | 1 | 4.8% | $630K | |
| 9 | TD Bank, National Association | 1 | 4.8% | $266K | |
| 10 | Small Business Assistance Corporation | 1 | 4.8% | $230K |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Fruit and Vegetable Markets
24% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Edible Arrangements | 5 | 100.0% | $1.6M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Fruit and Vegetable Markets?
Median $250,000 across 21 acquisition loans (FY2018 to FY2026); the middle half ran $150,000 to $800,000. That is 61% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Fruit and Vegetable Markets acquisitions?
Midwest Regional Bank (2), Village Bank and Trust, National Association (2), Pinnacle Bank (2), Bank of Hope (2), PNC Bank, National Association (1).
Are businesses in Fruit and Vegetable Markets often franchised?
Yes, often. 24% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Edible Arrangements.
How risky are SBA loans for buying a business in Fruit and Vegetable Markets?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Fruit and Vegetable Markets acquisitions?
Median term 10 years, average initial rate 7.13% 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.
Request Engagement AssessmentAll 50 states. Free consultation.
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