Meat Retailers: SBA business acquisition loan data
87 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Meat Retailers (NAICS 445240), totaling $58.6M. Median loan $400,000, 38% lower than the all-acquisition median.
The purchase agreement decides what you bought, not the loan approval.
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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 $1,012,750 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #111 of 300 industries tracked.
- Geography. California leads with 13 loans; the top five states account for 52% of the industry's acquisitions.
- Jobs. Lenders reported 820 jobs supported across these loans, about 9.4 per acquisition, a rough proxy for the size of business changing hands.
Meat Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2M | $525,000 | |
| FY2019 | 8 | $2.3M | $192,350 | |
| FY2020 | 7 | $2.8M | $120,000 | |
| FY2021 | 14 | $9.6M | $285,000 | |
| FY2022 | 8 | $4.2M | $270,500 | |
| FY2023 | 11 | $8.7M | $495,000 | |
| FY2024 | 14 | $11M | $515,000 | |
| FY2025 | 8 | $7.3M | $745,000 | |
| FY2026 | 14 | $10.7M | $598,750 |
How often do these acquisition loans fail?
Of the 32 Meat Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 6.3% by loan count and 1.7% by dollars. 12 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 Meat Retailers is 78% 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 | California | 13 | 14.9% | $5.6M | |
| 2 | Minnesota | 13 | 14.9% | $3.3M | |
| 3 | Florida | 7 | 8.0% | $6.7M | |
| 4 | Pennsylvania | 6 | 6.9% | $5.4M | |
| 5 | Texas | 6 | 6.9% | $4.3M | |
| 6 | New York | 5 | 5.7% | $6.1M | |
| 7 | Illinois | 4 | 4.6% | $1.9M | |
| 8 | Missouri | 3 | 3.4% | $4.7M | |
| 9 | Vermont | 3 | 3.4% | $3.6M | |
| 10 | Oregon | 3 | 3.4% | $1.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First National Bank | 4 | 4.6% | $115K | |
| 2 | The Huntington National Bank | 3 | 3.4% | $3.2M | |
| 3 | Merchants & Marine Bank | 3 | 3.4% | $596K | |
| 4 | Beacon Bank and Trust | 2 | 2.3% | $4.8M | |
| 5 | Live Oak Banking Company | 2 | 2.3% | $2.5M | |
| 6 | Simmons Bank | 2 | 2.3% | $2.5M | |
| 7 | First National Bank of Pennsylvania | 2 | 2.3% | $1.5M | |
| 8 | Customers Bank | 2 | 2.3% | $1.2M | |
| 9 | Old National Bank | 2 | 2.3% | $1.2M | |
| 10 | Southwestern National Bank | 2 | 2.3% | $1.1M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Meat Retailers?
Median $400,000 across 87 acquisition loans (FY2018 to FY2026); the middle half ran $176,900 to $1,012,750. That is 38% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Meat Retailers acquisitions?
First National Bank (4), The Huntington National Bank (3), Merchants & Marine Bank (3), Beacon Bank and Trust (2), Live Oak Banking Company (2).
Are businesses in Meat Retailers often franchised?
Rarely. Only 3% 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 Retailers?
Of 32 seasoned loans (FY2018 to FY2021), 6.3% charged off, 78% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Meat Retailers acquisitions?
Median term 10 years, average initial rate 7.95% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
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