Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: SBA business acquisition loan data
68 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS 423450), totaling $90.6M. Median loan $722,500, 12% higher than the all-acquisition median. Annual volume fell 25% from FY2024 to FY2026.
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 $1,989,275 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 #133 of 300 industries tracked.
- Geography. Florida leads with 10 loans; the top five states account for 44% of the industry's acquisitions.
- Jobs. Lenders reported 560 jobs supported across these loans, about 8.2 per acquisition, a rough proxy for the size of business changing hands.
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $7.1M | $670,000 | |
| FY2019 | 7 | $10.9M | $843,000 | |
| FY2020 | 8 | $7M | $380,500 | |
| FY2021 | 4 | $7M | $1,370,500 | |
| FY2022 | 7 | $13.2M | $1,030,000 | |
| FY2023 | 5 | $4.2M | $1,000,000 | |
| FY2024 | 12 | $15.8M | $1,066,250 | |
| FY2025 | 11 | $11.7M | $478,000 | |
| FY2026 | 9 | $13.6M | $1,350,900 |
How often do these acquisition loans fail?
Of the 24 Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 4.2% by loan count and 5.6% by dollars. 13 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 Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers is 18% 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 | 14.7% | $19M | |
| 2 | Missouri | 6 | 8.8% | $6.6M | |
| 3 | California | 5 | 7.4% | $8.7M | |
| 4 | Texas | 5 | 7.4% | $7.6M | |
| 5 | Illinois | 4 | 5.9% | $9.5M | |
| 6 | Minnesota | 4 | 5.9% | $5.1M | |
| 7 | Pennsylvania | 4 | 5.9% | $1.6M | |
| 8 | New Jersey | 3 | 4.4% | $11.3M | |
| 9 | Michigan | 3 | 4.4% | $3.1M | |
| 10 | Colorado | 3 | 4.4% | $2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 5.9% | $5.6M | |
| 2 | Customers Bank | 4 | 5.9% | $4.3M | |
| 3 | OakStar Bank | 3 | 4.4% | $979K | |
| 4 | Pathward National Association | 2 | 2.9% | $5.2M | |
| 5 | Byline Bank | 2 | 2.9% | $4.9M | |
| 6 | Bank of America, National Association | 2 | 2.9% | $4.1M | |
| 7 | KeyBank National Association | 2 | 2.9% | $3.2M | |
| 8 | Old National Bank | 2 | 2.9% | $2.9M | |
| 9 | IncredibleBank | 2 | 2.9% | $2.8M | |
| 10 | US Eagle FCU | 2 | 2.9% | $2.4M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers?
Median $722,500 across 68 acquisition loans (FY2018 to FY2026); the middle half ran $350,000 to $1,989,275. That is 12% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers acquisitions?
Live Oak Banking Company (4), Customers Bank (4), OakStar Bank (3), Pathward National Association (2), Byline Bank (2).
Are businesses in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers often franchised?
Rarely. Only 1% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers?
Of 24 seasoned loans (FY2018 to FY2021), 4.2% charged off, 18% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.04% 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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