Furniture Merchant Wholesalers: SBA business acquisition loan data
34 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Furniture Merchant Wholesalers (NAICS 423210), totaling $41.3M. Median loan $842,500, 31% higher 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 $1,494,675 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 #208 of 300 industries tracked.
- Geography. Texas leads with 4 loans; the top five states account for 50% of the industry's acquisitions.
- Jobs. Lenders reported 286 jobs supported across these loans, about 8.4 per acquisition, a rough proxy for the size of business changing hands.
Furniture Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $468K | $467,900 | |
| FY2019 | 5 | $5.3M | $1,296,000 | |
| FY2020 | 1 | $840K | $840,000 | |
| FY2021 | 1 | $1.2M | $1,155,000 | |
| FY2022 | 3 | $4.5M | $250,000 | |
| FY2023 | 3 | $3M | $439,200 | |
| FY2024 | 6 | $2.3M | $299,000 | |
| FY2025 | 5 | $15.5M | $4,219,800 | |
| FY2026 | 9 | $8.3M | $872,700 |
How often do these acquisition loans fail?
Fewer than 20 Furniture Merchant Wholesalers 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 4 | 11.8% | $3.9M | |
| 2 | New Jersey | 4 | 11.8% | $2.8M | |
| 3 | Florida | 3 | 8.8% | $8.8M | |
| 4 | North Carolina | 3 | 8.8% | $5.1M | |
| 5 | Illinois | 3 | 8.8% | $1.5M | |
| 6 | Ohio | 2 | 5.9% | $1.8M | |
| 7 | Missouri | 2 | 5.9% | $1.7M | |
| 8 | Kansas | 2 | 5.9% | $1M | |
| 9 | Tennessee | 2 | 5.9% | $1M | |
| 10 | Washington | 2 | 5.9% | $539K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 5 | 14.7% | $4.6M | |
| 2 | Live Oak Banking Company | 3 | 8.8% | $9.3M | |
| 3 | The Huntington National Bank | 3 | 8.8% | $1M | |
| 4 | First Federal Savings and Loan Association of Lakewood | 2 | 5.9% | $1.8M | |
| 5 | U.S. Bank, National Association | 2 | 5.9% | $1.7M | |
| 6 | Santander Bank, National Association | 2 | 5.9% | $1.6M | |
| 7 | American Bank of Commerce | 2 | 5.9% | $973K | |
| 8 | Gesa CU | 2 | 5.9% | $539K | |
| 9 | Oklahoma's Federal Credit Union | 2 | 5.9% | $350K | |
| 10 | First-Citizens Bank & Trust Company | 1 | 2.9% | $4.5M |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Furniture Merchant Wholesalers?
Median $842,500 across 34 acquisition loans (FY2018 to FY2026); the middle half ran $250,000 to $1,494,675. That is 31% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Furniture Merchant Wholesalers acquisitions?
First Internet Bank of Indiana (5), Live Oak Banking Company (3), The Huntington National Bank (3), First Federal Savings and Loan Association of Lakewood (2), U.S. Bank, National Association (2).
Are businesses in Furniture Merchant Wholesalers 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 Furniture Merchant Wholesalers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Furniture Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.19% 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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