General Rental Centers: SBA business acquisition loan data
36 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as General Rental Centers (NAICS 532310), totaling $42.1M. Median loan $772,250, 20% 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 $1,392,775 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 #203 of 300 industries tracked.
- Geography. Florida leads with 6 loans; the top five states account for 53% of the industry's acquisitions.
- Jobs. Lenders reported 699 jobs supported across these loans, about 19.4 per acquisition, a rough proxy for the size of business changing hands.
General Rental Centers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $4.4M | $1,105,750 | |
| FY2019 | 4 | $2.5M | $761,100 | |
| FY2020 | 5 | $3.4M | $807,000 | |
| FY2021 | 6 | $8.7M | $710,000 | |
| FY2022 | 1 | $2.6M | $2,638,400 | |
| FY2023 | 5 | $8.3M | $770,000 | |
| FY2024 | 4 | $1.5M | $347,500 | |
| FY2025 | 3 | $2.1M | $774,500 | |
| FY2026 | 4 | $8.5M | $1,974,850 |
How often do these acquisition loans fail?
Fewer than 20 General Rental Centers 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 | Florida | 6 | 16.7% | $5.4M | |
| 2 | California | 4 | 11.1% | $6.4M | |
| 3 | Pennsylvania | 4 | 11.1% | $3.1M | |
| 4 | Michigan | 3 | 8.3% | $1.6M | |
| 5 | Colorado | 2 | 5.6% | $5.2M | |
| 6 | Illinois | 2 | 5.6% | $3M | |
| 7 | Minnesota | 2 | 5.6% | $1.8M | |
| 8 | North Carolina | 2 | 5.6% | $1.6M | |
| 9 | New York | 2 | 5.6% | $793K | |
| 10 | Wisconsin | 1 | 2.8% | $3.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 3 | 8.3% | $1.3M | |
| 2 | Happen Bank | 2 | 5.6% | $4.6M | |
| 3 | Old National Bank | 2 | 5.6% | $1.8M | |
| 4 | SouthState Bank, National Association | 2 | 5.6% | $1.1M | |
| 5 | First Merchants Bank | 2 | 5.6% | $665K | |
| 6 | Northwest Bank | 2 | 5.6% | $608K | |
| 7 | TowneBank | 2 | 5.6% | $485K | |
| 8 | Platinum Bank | 1 | 2.8% | $5M | |
| 9 | IncredibleBank | 1 | 2.8% | $3.9M | |
| 10 | South Coast Bank & Trust | 1 | 2.8% | $3M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in General Rental Centers
6% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | True Value | 2 | 100.0% | $1.8M |
Questions buyers ask
How much is a typical SBA loan to buy a business in General Rental Centers?
Median $772,250 across 36 acquisition loans (FY2018 to FY2026); the middle half ran $439,750 to $1,392,775. That is 20% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most General Rental Centers acquisitions?
Manufacturers and Traders Trust Company (3), Happen Bank (2), Old National Bank (2), SouthState Bank, National Association (2), First Merchants Bank (2).
Are businesses in General Rental Centers often franchised?
Sometimes. 6% of SBA acquisition loans in this industry financed a franchised unit. Top brands: True Value.
How risky are SBA loans for buying a business in General Rental Centers?
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 Rental Centers acquisitions?
Median term 10 years, average initial rate 7.61% 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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