Offices of Mental Health Practitioners: SBA business acquisition loan data
67 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Offices of Mental Health Practitioners (except Physicians) (NAICS 621330), totaling $59.4M. Median loan $582,500, 10% 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 $1,240,000 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 #136 of 300 industries tracked.
- Geography. Florida leads with 11 loans; the top five states account for 46% of the industry's acquisitions.
- Jobs. Lenders reported 1,066 jobs supported across these loans, about 15.9 per acquisition, a rough proxy for the size of business changing hands.
Offices of Mental Health Practitioners acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $2.3M | $391,250 | |
| FY2019 | 6 | $3.9M | $467,000 | |
| FY2020 | 3 | $2M | $212,000 | |
| FY2021 | 7 | $4.6M | $400,000 | |
| FY2022 | 1 | $181K | $181,000 | |
| FY2023 | 3 | $1.1M | $490,000 | |
| FY2024 | 5 | $4.2M | $750,000 | |
| FY2025 | 19 | $22.3M | $905,000 | |
| FY2026 | 19 | $18.9M | $1,001,500 |
How often do these acquisition loans fail?
Of the 20 Offices of Mental Health Practitioners 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, Offices of Mental Health Practitioners 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 11 | 16.4% | $13.3M | |
| 2 | Colorado | 5 | 7.5% | $5.1M | |
| 3 | Pennsylvania | 5 | 7.5% | $4.5M | |
| 4 | Virginia | 5 | 7.5% | $2.1M | |
| 5 | North Carolina | 5 | 7.5% | $2.1M | |
| 6 | Texas | 3 | 4.5% | $3.9M | |
| 7 | Michigan | 3 | 4.5% | $594K | |
| 8 | Indiana | 3 | 4.5% | $450K | |
| 9 | Oklahoma | 2 | 3.0% | $2M | |
| 10 | Arizona | 2 | 3.0% | $1.6M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 5 | 7.5% | $9.6M | |
| 2 | Truliant FCU | 5 | 7.5% | $3.9M | |
| 3 | Old National Bank | 5 | 7.5% | $2.2M | |
| 4 | First-Citizens Bank & Trust Company | 3 | 4.5% | $5.3M | |
| 5 | SouthState Bank, National Association | 3 | 4.5% | $1.9M | |
| 6 | PNC Bank, National Association | 3 | 4.5% | $1M | |
| 7 | Pathward National Association | 2 | 3.0% | $4.3M | |
| 8 | Byline Bank | 2 | 3.0% | $2.8M | |
| 9 | Arvest Bank | 2 | 3.0% | $2M | |
| 10 | Beacon Bank and Trust | 2 | 3.0% | $1.9M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Offices of Mental Health Practitioners?
Median $582,500 across 67 acquisition loans (FY2018 to FY2026); the middle half ran $283,000 to $1,240,000. That is 10% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Offices of Mental Health Practitioners acquisitions?
First Internet Bank of Indiana (5), Truliant FCU (5), Old National Bank (5), First-Citizens Bank & Trust Company (3), SouthState Bank, National Association (3).
Are businesses in Offices of Mental Health Practitioners often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Offices of Mental Health Practitioners?
Of 20 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Offices of Mental Health Practitioners acquisitions?
Median term 10 years, average initial rate 8.37% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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