Offices of Optometrists: SBA business acquisition loan data
67 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Offices of Optometrists (NAICS 621320), totaling $45.4M. Median loan $515,000, 20% lower than the all-acquisition median.
- Loans, FY2018-FY2026
- 67
- Median loan
- $515,000 (middle half $232,500 to $952,750)
- Top lender
- Live Oak Banking Company (6%, 4 loans)
- Top state
- Texas
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 8
SBA lenders approved 67 7(a) loans to buy businesses in the Offices of Optometrists industry from FY2018-FY2026, with a median of $515,000 and a middle half of $232,500 to $952,750. Live Oak Banking Company made 6% of them. Texas had the most by state. FY2026 had 8 loans.
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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 $952,750 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 #135 of 300 industries tracked.
- Geography. Texas leads with 8 loans; the top five states account for 39% of the industry's acquisitions.
- Jobs. Lenders reported 499 jobs supported across these loans, about 7.4 per acquisition, a rough proxy for the size of business changing hands.
How the Offices of Optometrists industry compares
| Measure | Offices of Optometrists | All acquisitions |
|---|---|---|
| Median loan | $515,000 | $645,250 |
| Middle half of loans | $232,500 to $952,750 | $283,000 to $1,465,000 |
| Average initial rate | 6.77% | 7.76% |
| Median term | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 3.5% |
| Loans in sample | 67 | 48,902 |
The median for Offices of Optometrists acquisition loans is $515,000, below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $232,500 to $952,750, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 6.77%, below the 7.76% national average.
None of the seasoned loans were charged off, against 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Offices of Optometrists | All acquisitions |
|---|---|---|
| Under $350K | 43% | 30% |
| $350K to under $1M | 34% | 33% |
| $1M to under $2M | 18% | 19% |
| $2M and over | 4% | 17% |
Most Offices of Optometrists acquisition loans (78%) were under $1M, and the largest single band is Under $350K at 43%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 6% of Offices of Optometrists acquisition loans, and the top three lenders together made 15%. 7 of the 48 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 15 Offices of Optometrists acquisition loans were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $691,400, above the $515,000 median across all years.
Offices of Optometrists acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.4M | $298,500 | |
| FY2019 | 8 | $4.6M | $334,300 | |
| FY2020 | 5 | $2.7M | $521,600 | |
| FY2021 | 19 | $14.7M | $535,000 | |
| FY2022 | 8 | $4.3M | $456,300 | |
| FY2023 | 3 | $3.1M | $822,700 | |
| FY2024 | 5 | $1.2M | $243,000 | |
| FY2025 | 7 | $5.1M | $634,500 | |
| FY2026 | 8 | $8.4M | $845,700 |
How often do these acquisition loans fail?
Of the 35 Offices of Optometrists 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. 16 have already been paid in full.
For comparison, Offices of Optometrists 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 | Texas | 8 | 11.9% | $7.7M | |
| 2 | Pennsylvania | 5 | 7.5% | $2.3M | |
| 3 | Ohio | 5 | 7.5% | $1.3M | |
| 4 | California | 4 | 6.0% | $3.2M | |
| 5 | Florida | 4 | 6.0% | $2.4M | |
| 6 | Michigan | 4 | 6.0% | $2.1M | |
| 7 | New York | 3 | 4.5% | $5.3M | |
| 8 | Oklahoma | 3 | 4.5% | $1.7M | |
| 9 | Colorado | 2 | 3.0% | $2.5M | |
| 10 | Massachusetts | 2 | 3.0% | $1.8M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 6.0% | $4.6M | |
| 2 | United Midwest Savings Bank National Association | 3 | 4.5% | $4.2M | |
| 3 | United Community Bank | 3 | 4.5% | $2.2M | |
| 4 | Glacier Bank | 3 | 4.5% | $2.1M | |
| 5 | The Huntington National Bank | 3 | 4.5% | $1.6M | |
| 6 | Fifth Third Bank | 3 | 4.5% | $1.4M | |
| 7 | U.S. Bank, National Association | 3 | 4.5% | $891K | |
| 8 | Wells Fargo Bank National Association | 2 | 3.0% | $2.8M | |
| 9 | Columbia Bank | 2 | 3.0% | $680K | |
| 10 | Newtek Small Business Finance, LLC | 2 | 3.0% | $525K |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Offices of Optometrists
10% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pearle Vision | 5 | 71.4% | $3.4M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Offices of Optometrists?
Median $515,000 across 67 acquisition loans (FY2018 to FY2026); the middle half ran $232,500 to $952,750. That is 20% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Offices of Optometrists acquisitions?
Live Oak Banking Company (4), United Midwest Savings Bank National Association (3), United Community Bank (3), Glacier Bank (3), The Huntington National Bank (3).
Are businesses in Offices of Optometrists often franchised?
Sometimes. 10% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Pearle Vision.
How risky are SBA loans for buying a business in Offices of Optometrists?
Of 35 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 Optometrists acquisitions?
Median term 10 years, average initial rate 6.77% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
How much do you need down for an SBA loan to buy a business in the Offices of Optometrists industry?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Offices of Optometrists acquisition loans was $515,000, and the middle half ran $232,500 to $952,750.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 15 Offices of Optometrists acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in the Offices of Optometrists industry?
By loan count, FY2018 to FY2026: Live Oak Banking Company (4), United Midwest Savings Bank National Association (3), United Community Bank (3), Glacier Bank (3), The Huntington National Bank (3). Live Oak Banking Company made 6% of Offices of Optometrists acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
The purchase agreement decides what you bought, not the loan approval.
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Cite this data
SBA Acquisition Data, "Offices of Optometrists: SBA acquisition loan data", https://sbaacquisitiondata.com/industry/offices-of-optometrists-621320 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/industry/offices-of-optometrists-621320.json.