Musical Instrument and Supplies Retailers: SBA business acquisition loan data
43 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Musical Instrument and Supplies Retailers (NAICS 459140), totaling $37.2M. Median loan $438,000, 32% lower than the all-acquisition median.
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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 $1,061,550 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 #180 of 300 industries tracked.
- Geography. Colorado leads with 6 loans; the top five states account for 51% of the industry's acquisitions.
- Jobs. Lenders reported 674 jobs supported across these loans, about 15.7 per acquisition, a rough proxy for the size of business changing hands.
Musical Instrument and Supplies Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $669K | $334,500 | |
| FY2019 | 6 | $3.8M | $277,600 | |
| FY2020 | 9 | $7M | $263,500 | |
| FY2021 | 5 | $4.4M | $1,110,500 | |
| FY2022 | 2 | $1.8M | $889,250 | |
| FY2023 | 1 | $418K | $417,500 | |
| FY2024 | 4 | $5.3M | $442,500 | |
| FY2025 | 6 | $2.4M | $319,000 | |
| FY2026 | 8 | $11.5M | $810,000 |
How often do these acquisition loans fail?
Of the 22 Musical Instrument and Supplies Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 11 have already been paid in full.
For comparison, Musical Instrument and Supplies Retailers has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 | Colorado | 6 | 14.0% | $3.6M | |
| 2 | Texas | 5 | 11.6% | $7.1M | |
| 3 | Minnesota | 5 | 11.6% | $1.1M | |
| 4 | Florida | 3 | 7.0% | $5.8M | |
| 5 | California | 3 | 7.0% | $3.1M | |
| 6 | Missouri | 3 | 7.0% | $2.5M | |
| 7 | Pennsylvania | 3 | 7.0% | $1.6M | |
| 8 | Indiana | 2 | 4.7% | $5M | |
| 9 | Georgia | 2 | 4.7% | $1.2M | |
| 10 | Washington | 2 | 4.7% | $240K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 9.3% | $5.6M | |
| 2 | Old National Bank | 4 | 9.3% | $1.6M | |
| 3 | First Internet Bank of Indiana | 3 | 7.0% | $5.6M | |
| 4 | OakStar Bank | 3 | 7.0% | $2.5M | |
| 5 | U.S. Bank, National Association | 3 | 7.0% | $1.8M | |
| 6 | The Huntington National Bank | 2 | 4.7% | $980K | |
| 7 | BMO Bank National Association | 2 | 4.7% | $918K | |
| 8 | Sunrise Banks National Association | 2 | 4.7% | $620K | |
| 9 | Heritage Bank | 2 | 4.7% | $240K | |
| 10 | Valley National Bank | 1 | 2.3% | $4.4M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Musical Instrument and Supplies Retailers?
Median $438,000 across 43 acquisition loans (FY2018 to FY2026); the middle half ran $222,350 to $1,061,550. That is 32% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Musical Instrument and Supplies Retailers acquisitions?
Live Oak Banking Company (4), Old National Bank (4), First Internet Bank of Indiana (3), OakStar Bank (3), U.S. Bank, National Association (3).
Are businesses in Musical Instrument and Supplies Retailers often franchised?
Rarely. Only 5% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Musical Instrument and Supplies Retailers?
Of 22 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Musical Instrument and Supplies Retailers 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.
Seller note standby terms and third-party consents are reviewed before closing.
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