Golf Courses and Country Clubs: SBA business acquisition loan data
30 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Golf Courses and Country Clubs (NAICS 713910), totaling $45.8M. Median loan $1,245,000, 93% 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 $1,890,500 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 #232 of 300 industries tracked.
- Geography. Florida leads with 5 loans; the top five states account for 53% of the industry's acquisitions.
- Jobs. Lenders reported 673 jobs supported across these loans, about 22.4 per acquisition, a rough proxy for the size of business changing hands.
Golf Courses and Country Clubs acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $480K | $480,300 | |
| FY2019 | 6 | $13.4M | $2,261,500 | |
| FY2020 | 3 | $3.7M | $1,377,700 | |
| FY2021 | 8 | $10.5M | $1,039,500 | |
| FY2022 | 3 | $2.7M | $892,500 | |
| FY2023 | 1 | $450K | $450,000 | |
| FY2024 | 3 | $1.4M | $150,000 | |
| FY2025 | 2 | $4.4M | $2,200,000 | |
| FY2026 | 3 | $8.7M | $1,997,000 |
How often do these acquisition loans fail?
Fewer than 20 Golf Courses and Country Clubs 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 | 5 | 16.7% | $9.1M | |
| 2 | Wisconsin | 5 | 16.7% | $5.4M | |
| 3 | California | 2 | 6.7% | $7M | |
| 4 | Arizona | 2 | 6.7% | $3M | |
| 5 | Ohio | 2 | 6.7% | $1.3M | |
| 6 | Minnesota | 2 | 6.7% | $805K | |
| 7 | New Hampshire | 2 | 6.7% | $600K | |
| 8 | Illinois | 1 | 3.3% | $5M | |
| 9 | Tennessee | 1 | 3.3% | $4.6M | |
| 10 | Washington | 1 | 3.3% | $2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | 2 | 6.7% | $3M | |
| 2 | The Huntington National Bank | 2 | 6.7% | $1.3M | |
| 3 | BMO Bank National Association | 2 | 6.7% | $1M | |
| 4 | Old National Bank | 1 | 3.3% | $5M | |
| 5 | Pinnacle Bank | 1 | 3.3% | $4.6M | |
| 6 | United Business Bank | 1 | 3.3% | $4.5M | |
| 7 | Paradise Bank | 1 | 3.3% | $3.5M | |
| 8 | U.S. Bank, National Association | 1 | 3.3% | $2.5M | |
| 9 | Readycap Lending, LLC | 1 | 3.3% | $2M | |
| 10 | Beacon Bank and Trust | 1 | 3.3% | $1.9M |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Golf Courses and Country Clubs?
Median $1,245,000 across 30 acquisition loans (FY2018 to FY2026); the middle half ran $468,825 to $1,890,500. That is 93% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Golf Courses and Country Clubs acquisitions?
Alerus Financial, National Association (2), The Huntington National Bank (2), BMO Bank National Association (2), Old National Bank (1), Pinnacle Bank (1).
Are businesses in Golf Courses and Country Clubs 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 Golf Courses and Country Clubs?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Golf Courses and Country Clubs acquisitions?
Median term 23.5 years, average initial rate 6.81% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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