Meat and Meat Product Merchant Wholesalers: SBA business acquisition loan data
27 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Meat and Meat Product Merchant Wholesalers (NAICS 424470), totaling $39M. Median loan $1,100,000, 70% 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 $1,893,300 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 #247 of 300 industries tracked.
- Geography. Georgia leads with 6 loans; the top five states account for 63% of the industry's acquisitions.
- Jobs. Lenders reported 388 jobs supported across these loans, about 14.4 per acquisition, a rough proxy for the size of business changing hands.
Meat and Meat Product Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $3M | $550,000 | |
| FY2019 | 4 | $1.9M | $185,000 | |
| FY2020 | 3 | $2.8M | $1,100,000 | |
| FY2021 | 2 | $3.1M | $1,560,000 | |
| FY2022 | 2 | $1.7M | $825,000 | |
| FY2023 | 3 | $3M | $1,407,900 | |
| FY2024 | 2 | $6.5M | $3,267,300 | |
| FY2025 | 4 | $9.8M | $2,365,000 | |
| FY2026 | 4 | $7.2M | $1,495,000 |
How often do these acquisition loans fail?
Fewer than 20 Meat and Meat Product 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Georgia | 6 | 22.2% | $6.3M | |
| 2 | Texas | 4 | 14.8% | $11.8M | |
| 3 | Pennsylvania | 3 | 11.1% | $3.2M | |
| 4 | Illinois | 2 | 7.4% | $3.8M | |
| 5 | Wisconsin | 2 | 7.4% | $1.7M | |
| 6 | Missouri | 2 | 7.4% | $1.1M | |
| 7 | California | 2 | 7.4% | $709K | |
| 8 | Connecticut | 1 | 3.7% | $5M | |
| 9 | Washington | 1 | 3.7% | $2.4M | |
| 10 | Mississippi | 1 | 3.7% | $1.4M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 14.8% | $11.7M | |
| 2 | Beacon Bank and Trust | 3 | 11.1% | $1.9M | |
| 3 | Libertyville Bank & Trust Company, National Association | 2 | 7.4% | $3.8M | |
| 4 | Coastal States Bank | 2 | 7.4% | $3.7M | |
| 5 | First Utah Bank | 2 | 7.4% | $3.5M | |
| 6 | Pathward National Association | 2 | 7.4% | $3M | |
| 7 | Fifth Third Bank | 2 | 7.4% | $2.9M | |
| 8 | T Bank, National Association | 1 | 3.7% | $3.9M | |
| 9 | Regions Bank | 1 | 3.7% | $1.4M | |
| 10 | OakStar Bank | 1 | 3.7% | $1M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Meat and Meat Product Merchant Wholesalers?
Median $1,100,000 across 27 acquisition loans (FY2018 to FY2026); the middle half ran $296,000 to $1,893,300. That is 70% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Meat and Meat Product Merchant Wholesalers acquisitions?
Live Oak Banking Company (4), Beacon Bank and Trust (3), Libertyville Bank & Trust Company, National Association (2), Coastal States Bank (2), First Utah Bank (2).
Are businesses in Meat and Meat Product 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 Meat and Meat Product 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 Meat and Meat Product Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.73% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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