Medical Laboratories: SBA business acquisition loan data
28 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Medical Laboratories (NAICS 621511), totaling $30M. Median loan $734,500, 14% higher than the all-acquisition median. 36% of these deals were franchised units.
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 $1,415,250 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 #244 of 300 industries tracked.
- Geography. Texas leads with 5 loans; the top five states account for 57% of the industry's acquisitions.
- Jobs. Lenders reported 341 jobs supported across these loans, about 12.2 per acquisition, a rough proxy for the size of business changing hands.
Medical Laboratories acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $7.4M | $1,499,800 | |
| FY2019 | 2 | $3M | $1,478,050 | |
| FY2020 | 3 | $4.2M | $1,650,000 | |
| FY2021 | 4 | $1.4M | $305,150 | |
| FY2022 | 1 | $325K | $325,000 | |
| FY2023 | 3 | $2M | $644,500 | |
| FY2024 | 6 | $3.2M | $610,750 | |
| FY2025 | 3 | $7.8M | $3,728,700 | |
| FY2026 | 2 | $551K | $275,600 |
How often do these acquisition loans fail?
Fewer than 20 Medical Laboratories 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 | Texas | 5 | 17.9% | $7.8M | |
| 2 | Florida | 3 | 10.7% | $5M | |
| 3 | California | 3 | 10.7% | $4M | |
| 4 | North Carolina | 3 | 10.7% | $3.3M | |
| 5 | Colorado | 2 | 7.1% | $2.1M | |
| 6 | Arizona | 2 | 7.1% | $682K | |
| 7 | Puerto Rico | 2 | 7.1% | $380K | |
| 8 | New Jersey | 1 | 3.6% | $3.7M | |
| 9 | Missouri | 1 | 3.6% | $880K | |
| 10 | Utah | 1 | 3.6% | $847K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | 10.7% | $3.3M | |
| 2 | HomeTrust Bank | 2 | 7.1% | $6M | |
| 3 | Live Oak Banking Company | 2 | 7.1% | $1.7M | |
| 4 | United Community Bank | 2 | 7.1% | $850K | |
| 5 | St. Louis Bank | 2 | 7.1% | $682K | |
| 6 | American Bank | 1 | 3.6% | $3.8M | |
| 7 | T Bank, National Association | 1 | 3.6% | $3.7M | |
| 8 | Columbia Bank | 1 | 3.6% | $1.9M | |
| 9 | Wells Fargo Bank National Association | 1 | 3.6% | $1.7M | |
| 10 | Western Alliance Bank | 1 | 3.6% | $1.3M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands in Medical Laboratories
36% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Any LabTest Now | 6 | 60.0% | $3.5M | |
| 2 | Fastest Labs | 2 | 20.0% | $278K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Medical Laboratories?
Median $734,500 across 28 acquisition loans (FY2018 to FY2026); the middle half ran $309,500 to $1,415,250. That is 14% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Medical Laboratories acquisitions?
The Huntington National Bank (3), HomeTrust Bank (2), Live Oak Banking Company (2), United Community Bank (2), St. Louis Bank (2).
Are businesses in Medical Laboratories often franchised?
Yes, often. 36% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Any LabTest Now, Fastest Labs.
How risky are SBA loans for buying a business in Medical Laboratories?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Medical Laboratories acquisitions?
Median term 10 years, average initial rate 8.02% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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