Gift, Novelty, and Souvenir Retailers: SBA business acquisition loan data
126 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Gift, Novelty, and Souvenir Retailers (NAICS 459420), totaling $77.2M. Median loan $350,000, 46% lower than the all-acquisition median.
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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 $779,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.3% of all SBA-financed business purchases, ranking #76 of 300 industries tracked.
- Geography. Florida leads with 10 loans; the top five states account for 34% of the industry's acquisitions.
- Jobs. Lenders reported 986 jobs supported across these loans, about 7.8 per acquisition, a rough proxy for the size of business changing hands.
Gift, Novelty, and Souvenir Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $2.8M | $367,750 | |
| FY2019 | 23 | $12.9M | $344,000 | |
| FY2020 | 12 | $7.5M | $260,100 | |
| FY2021 | 13 | $6.8M | $250,000 | |
| FY2022 | 14 | $6.5M | $409,500 | |
| FY2023 | 9 | $8.5M | $720,000 | |
| FY2024 | 16 | $10.7M | $419,500 | |
| FY2025 | 19 | $10.8M | $350,000 | |
| FY2026 | 14 | $10.7M | $505,950 |
How often do these acquisition loans fail?
Of the 54 Gift, Novelty, and Souvenir Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 5.6% by loan count and 2.4% by dollars. 26 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Gift, Novelty, and Souvenir Retailers is 58% higher than the acquisition-loan average. 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 | 10 | 7.9% | $6.7M | |
| 2 | California | 9 | 7.1% | $5M | |
| 3 | Texas | 8 | 6.3% | $7M | |
| 4 | Indiana | 8 | 6.3% | $4.6M | |
| 5 | New York | 8 | 6.3% | $1.8M | |
| 6 | Missouri | 6 | 4.8% | $7.1M | |
| 7 | Arizona | 6 | 4.8% | $4.8M | |
| 8 | North Carolina | 6 | 4.8% | $4M | |
| 9 | Washington | 5 | 4.0% | $2.4M | |
| 10 | Colorado | 4 | 3.2% | $4.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 6 | 4.8% | $6.4M | |
| 2 | The Huntington National Bank | 6 | 4.8% | $4.7M | |
| 3 | Live Oak Banking Company | 4 | 3.2% | $5.7M | |
| 4 | American Momentum Bank | 4 | 3.2% | $3.7M | |
| 5 | Columbia Bank | 4 | 3.2% | $2.9M | |
| 6 | Newtek Small Business Finance, LLC | 3 | 2.4% | $2.6M | |
| 7 | United Community Bank | 3 | 2.4% | $1.1M | |
| 8 | Manufacturers and Traders Trust Company | 3 | 2.4% | $555K | |
| 9 | Merchants Bank of Indiana | 2 | 1.6% | $3.8M | |
| 10 | First Bank of the Lake | 2 | 1.6% | $3.8M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Gift, Novelty, and Souvenir Retailers
13% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Edible Arrangements | 15 | 88.2% | $5.7M | |
| 2 | Wild Birds Unlimited | 1 | 5.9% | $312K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Gift, Novelty, and Souvenir Retailers?
Median $350,000 across 126 acquisition loans (FY2018 to FY2026); the middle half ran $174,000 to $779,000. That is 46% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Gift, Novelty, and Souvenir Retailers acquisitions?
U.S. Bank, National Association (6), The Huntington National Bank (6), Live Oak Banking Company (4), American Momentum Bank (4), Columbia Bank (4).
Are businesses in Gift, Novelty, and Souvenir Retailers often franchised?
Sometimes. 13% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Edible Arrangements, Wild Birds Unlimited.
How risky are SBA loans for buying a business in Gift, Novelty, and Souvenir Retailers?
Of 54 seasoned loans (FY2018 to FY2021), 5.6% charged off, 58% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Gift, Novelty, and Souvenir Retailers acquisitions?
Median term 10 years, average initial rate 7.81% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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