Mobile Food Services: SBA business acquisition loan data
31 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Mobile Food Services (NAICS 722330), totaling $11.6M. Median loan $190,800, 70% lower than the all-acquisition median. 23% of these deals were franchised units.
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 $378,350 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 #224 of 300 industries tracked.
- Geography. Michigan leads with 4 loans; the top five states account for 39% of the industry's acquisitions.
- Jobs. Lenders reported 296 jobs supported across these loans, about 9.5 per acquisition, a rough proxy for the size of business changing hands.
Mobile Food Services acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $542K | $86,900 | |
| FY2019 | 4 | $3.2M | $362,800 | |
| FY2020 | 3 | $1M | $200,000 | |
| FY2021 | 2 | $230K | $115,000 | |
| FY2022 | 2 | $593K | $296,500 | |
| FY2023 | 2 | $246K | $123,100 | |
| FY2024 | 3 | $1M | $377,000 | |
| FY2025 | 5 | $1.3M | $250,000 | |
| FY2026 | 7 | $3.5M | $242,000 |
How often do these acquisition loans fail?
Fewer than 20 Mobile Food Services 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 | Michigan | 4 | 12.9% | $1.1M | |
| 2 | North Carolina | 2 | 6.5% | $3.3M | |
| 3 | Wisconsin | 2 | 6.5% | $646K | |
| 4 | Florida | 2 | 6.5% | $605K | |
| 5 | California | 2 | 6.5% | $520K | |
| 6 | Utah | 2 | 6.5% | $262K | |
| 7 | Pennsylvania | 2 | 6.5% | $228K | |
| 8 | Missouri | 2 | 6.5% | $190K | |
| 9 | Nevada | 1 | 3.2% | $2.3M | |
| 10 | Ohio | 1 | 3.2% | $554K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | HomeTrust Bank | 2 | 6.5% | $3.3M | |
| 2 | The Huntington National Bank | 2 | 6.5% | $223K | |
| 3 | Live Oak Banking Company | 1 | 3.2% | $2.3M | |
| 4 | FDIC - Community Bank & Trust-West Georgia | 1 | 3.2% | $554K | |
| 5 | Harborstone CU | 1 | 3.2% | $535K | |
| 6 | Columbia Bank | 1 | 3.2% | $530K | |
| 7 | Chippewa Valley Bank | 1 | 3.2% | $446K | |
| 8 | CIBC Bank USA | 1 | 3.2% | $380K | |
| 9 | Pinnacle Bank | 1 | 3.2% | $377K | |
| 10 | Readycap Lending, LLC | 1 | 3.2% | $375K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands in Mobile Food Services
23% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Kona Ice | 3 | 42.9% | $906K | |
| 2 | Edible Arrangements | 2 | 28.6% | $910K | |
| 3 | Wetzel's Pretzels | 1 | 14.3% | $2.3M | |
| 4 | Filta Environmental Kitchen Solutions | 1 | 14.3% | $191K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Mobile Food Services?
Median $190,800 across 31 acquisition loans (FY2018 to FY2026); the middle half ran $85,600 to $378,350. That is 70% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Mobile Food Services acquisitions?
HomeTrust Bank (2), The Huntington National Bank (2), Live Oak Banking Company (1), FDIC - Community Bank & Trust-West Georgia (1), Harborstone CU (1).
Are businesses in Mobile Food Services often franchised?
Yes, often. 23% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Kona Ice, Edible Arrangements, Wetzel's Pretzels, Filta Environmental Kitchen Solutions.
How risky are SBA loans for buying a business in Mobile Food Services?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Mobile Food Services acquisitions?
Median term 10 years, average initial rate 8.21% 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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