General Line Grocery Merchant Wholesalers: SBA business acquisition loan data
40 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as General Line Grocery Merchant Wholesalers (NAICS 424410), totaling $59.5M. Median loan $954,500, 48% higher than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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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 $2,356,500 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 #187 of 300 industries tracked.
- Geography. California leads with 6 loans; the top five states account for 48% of the industry's acquisitions.
- Jobs. Lenders reported 464 jobs supported across these loans, about 11.6 per acquisition, a rough proxy for the size of business changing hands.
General Line Grocery Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.7M | $291,800 | |
| FY2019 | 5 | $8.7M | $1,100,000 | |
| FY2020 | 4 | $10.4M | $2,278,250 | |
| FY2021 | 2 | $455K | $227,250 | |
| FY2022 | 1 | $765K | $765,000 | |
| FY2023 | 5 | $6M | $300,000 | |
| FY2024 | 8 | $10.8M | $632,650 | |
| FY2025 | 6 | $10.8M | $1,990,000 | |
| FY2026 | 6 | $9.8M | $1,198,000 |
How often do these acquisition loans fail?
Fewer than 20 General Line Grocery 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 6 | 15.0% | $11.6M | |
| 2 | New York | 4 | 10.0% | $5M | |
| 3 | Texas | 3 | 7.5% | $11.8M | |
| 4 | Washington | 3 | 7.5% | $4.9M | |
| 5 | Georgia | 3 | 7.5% | $4.2M | |
| 6 | Nevada | 2 | 5.0% | $3.7M | |
| 7 | Florida | 2 | 5.0% | $2.4M | |
| 8 | New Jersey | 2 | 5.0% | $1.4M | |
| 9 | Illinois | 2 | 5.0% | $1.2M | |
| 10 | Virginia | 2 | 5.0% | $995K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | T Bank, National Association | 5 | 12.5% | $5.4M | |
| 2 | Live Oak Banking Company | 4 | 10.0% | $9.5M | |
| 3 | Fifth Third Bank | 2 | 5.0% | $6.6M | |
| 4 | Columbia Bank | 2 | 5.0% | $4M | |
| 5 | United Community Bank | 2 | 5.0% | $970K | |
| 6 | American Riviera Bank | 2 | 5.0% | $562K | |
| 7 | Port 51 Lending LLC | 1 | 2.5% | $5M | |
| 8 | Southwestern National Bank | 1 | 2.5% | $4.2M | |
| 9 | Hanover Community Bank | 1 | 2.5% | $3.2M | |
| 10 | Beacon Bank and Trust | 1 | 2.5% | $2.7M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in General Line Grocery Merchant Wholesalers?
Median $954,500 across 40 acquisition loans (FY2018 to FY2026); the middle half ran $337,500 to $2,356,500. That is 48% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most General Line Grocery Merchant Wholesalers acquisitions?
T Bank, National Association (5), Live Oak Banking Company (4), Fifth Third Bank (2), Columbia Bank (2), United Community Bank (2).
Are businesses in General Line Grocery 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 General Line Grocery 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 General Line Grocery Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.46% 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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