Metal Service Centers and Other Metal Merchant Wholesalers: SBA business acquisition loan data
24 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Metal Service Centers and Other Metal Merchant Wholesalers (NAICS 423510), totaling $35.8M. Median loan $995,000, 54% higher than the all-acquisition median.
Seller note standby terms and third-party consents are reviewed before closing.
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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 $2,511,250 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #263 of 300 industries tracked.
- Geography. Illinois leads with 3 loans; the top five states account for 50% of the industry's acquisitions.
- Jobs. Lenders reported 216 jobs supported across these loans, about 9.0 per acquisition, a rough proxy for the size of business changing hands.
Metal Service Centers and Other Metal Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $2.6M | $2,575,000 | |
| FY2019 | 4 | $3.3M | $974,950 | |
| FY2020 | 2 | $1.7M | $855,000 | |
| FY2021 | 3 | $5.5M | $1,765,000 | |
| FY2022 | 2 | $4M | $1,996,800 | |
| FY2023 | 1 | $481K | $481,000 | |
| FY2024 | 4 | $9.6M | $1,921,700 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 7 | $8.6M | $574,000 |
How often do these acquisition loans fail?
Fewer than 20 Metal Service Centers and Other Metal 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Illinois | 3 | 12.5% | $2.2M | |
| 2 | Washington | 3 | 12.5% | $1.7M | |
| 3 | Texas | 2 | 8.3% | $6.8M | |
| 4 | California | 2 | 8.3% | $6.5M | |
| 5 | South Carolina | 2 | 8.3% | $2.7M | |
| 6 | Minnesota | 2 | 8.3% | $985K | |
| 7 | Massachusetts | 1 | 4.2% | $4.2M | |
| 8 | Ohio | 1 | 4.2% | $2.8M | |
| 9 | Oregon | 1 | 4.2% | $2.6M | |
| 10 | Florida | 1 | 4.2% | $1.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | 12.5% | $6.7M | |
| 2 | The Huntington National Bank | 3 | 12.5% | $2.9M | |
| 3 | Beacon Bank and Trust | 2 | 8.3% | $5M | |
| 4 | Zions Bancorporation, National Association | 2 | 8.3% | $3.6M | |
| 5 | Old National Bank | 2 | 8.3% | $985K | |
| 6 | Pathward National Association | 2 | 8.3% | $649K | |
| 7 | Sunflower Bank National Association | 1 | 4.2% | $3.7M | |
| 8 | WesBanco Bank, Inc. | 1 | 4.2% | $2.8M | |
| 9 | Newtek Small Business Finance, LLC | 1 | 4.2% | $2.6M | |
| 10 | Prosperity Bank | 1 | 4.2% | $1.8M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Metal Service Centers and Other Metal Merchant Wholesalers?
Median $995,000 across 24 acquisition loans (FY2018 to FY2026); the middle half ran $495,250 to $2,511,250. That is 54% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Metal Service Centers and Other Metal Merchant Wholesalers acquisitions?
Live Oak Banking Company (3), The Huntington National Bank (3), Beacon Bank and Trust (2), Zions Bancorporation, National Association (2), Old National Bank (2).
Are businesses in Metal Service Centers and Other Metal Merchant Wholesalers often franchised?
Sometimes. 8% of SBA acquisition loans in this industry financed a franchised unit. Top brands: .
How risky are SBA loans for buying a business in Metal Service Centers and Other Metal 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 Metal Service Centers and Other Metal Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.61% 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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