Fuel Dealers: SBA business acquisition loan data
31 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Fuel Dealers (NAICS 457210), totaling $18.4M. Median loan $215,000, 67% 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 $819,100 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 #220 of 300 industries tracked.
- Geography. Massachusetts leads with 11 loans; the top five states account for 81% of the industry's acquisitions.
- Jobs. Lenders reported 350 jobs supported across these loans, about 11.3 per acquisition, a rough proxy for the size of business changing hands.
Fuel Dealers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.2M | $600,500 | |
| FY2019 | 1 | $215K | $215,000 | |
| FY2020 | 1 | $1.7M | $1,680,000 | |
| FY2021 | 11 | $629K | $40,000 | |
| FY2022 | 3 | $1.5M | $500,000 | |
| FY2023 | 2 | $1.5M | $733,500 | |
| FY2024 | 2 | $2.1M | $1,073,500 | |
| FY2025 | 1 | $150K | $150,000 | |
| FY2026 | 8 | $9.3M | $599,100 |
How often do these acquisition loans fail?
Fewer than 20 Fuel Dealers 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Massachusetts | 11 | 35.5% | $629K | |
| 2 | Pennsylvania | 5 | 16.1% | $5M | |
| 3 | New Hampshire | 4 | 12.9% | $2.7M | |
| 4 | Oklahoma | 3 | 9.7% | $1.6M | |
| 5 | Texas | 2 | 6.5% | $5M | |
| 6 | Maine | 2 | 6.5% | $565K | |
| 7 | Florida | 1 | 3.2% | $1.2M | |
| 8 | New York | 1 | 3.2% | $1M | |
| 9 | Missouri | 1 | 3.2% | $467K | |
| 10 | Wisconsin | 1 | 3.2% | $215K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Leader Bank, National Association | 11 | 35.5% | $629K | |
| 2 | Santander Bank, National Association | 4 | 12.9% | $2.7M | |
| 3 | Pathward National Association | 2 | 6.5% | $5M | |
| 4 | Northwest Bank | 2 | 6.5% | $2.1M | |
| 5 | Equity Bank | 2 | 6.5% | $1.4M | |
| 6 | CNB Bank | 1 | 3.2% | $1.7M | |
| 7 | Gulf Coast Bank and Trust Company | 1 | 3.2% | $1.2M | |
| 8 | Wilmington Savings Fund Society FSB | 1 | 3.2% | $1.1M | |
| 9 | New York Business Development Corporation | 1 | 3.2% | $1M | |
| 10 | Maine Community Bank | 1 | 3.2% | $480K |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Fuel Dealers?
Median $215,000 across 31 acquisition loans (FY2018 to FY2026); the middle half ran $62,500 to $819,100. That is 67% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Fuel Dealers acquisitions?
Leader Bank, National Association (11), Santander Bank, National Association (4), Pathward National Association (2), Northwest Bank (2), Equity Bank (2).
Are businesses in Fuel Dealers often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Fuel Dealers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Fuel Dealers acquisitions?
Median term 10 years, average initial rate 7.12% 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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