Offices of Podiatrists: SBA business acquisition loan data
38 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Offices of Podiatrists (NAICS 621391), totaling $18.7M. Median loan $335,000, 48% lower than the all-acquisition median.
The purchase agreement decides what you bought, not the loan approval.
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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 $637,500 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 #196 of 300 industries tracked.
- Geography. California leads with 7 loans; the top five states account for 47% of the industry's acquisitions.
- Jobs. Lenders reported 298 jobs supported across these loans, about 7.8 per acquisition, a rough proxy for the size of business changing hands.
Offices of Podiatrists acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $641K | $320,500 | |
| FY2019 | 9 | $2.1M | $186,000 | |
| FY2020 | 8 | $4.9M | $426,350 | |
| FY2021 | 4 | $3.5M | $892,850 | |
| FY2022 | 1 | $630K | $630,000 | |
| FY2023 | 5 | $1.9M | $163,400 | |
| FY2024 | 1 | $750K | $750,000 | |
| FY2025 | 3 | $916K | $306,300 | |
| FY2026 | 5 | $3.3M | $419,500 |
How often do these acquisition loans fail?
Of the 23 Offices of Podiatrists 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. 12 have already been paid in full.
For comparison, Offices of Podiatrists 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 | California | 7 | 18.4% | $5.7M | |
| 2 | Pennsylvania | 4 | 10.5% | $1M | |
| 3 | Ohio | 3 | 7.9% | $473K | |
| 4 | New Jersey | 2 | 5.3% | $1.8M | |
| 5 | Arizona | 2 | 5.3% | $1.7M | |
| 6 | Florida | 2 | 5.3% | $1.1M | |
| 7 | Washington | 2 | 5.3% | $751K | |
| 8 | Illinois | 2 | 5.3% | $496K | |
| 9 | Michigan | 2 | 5.3% | $438K | |
| 10 | Iowa | 2 | 5.3% | $412K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4 | 10.5% | $804K | |
| 2 | MVB Bank, Inc. | 2 | 5.3% | $1.8M | |
| 3 | United Midwest Savings Bank National Association | 2 | 5.3% | $1.6M | |
| 4 | Banner Bank | 2 | 5.3% | $751K | |
| 5 | Wilmington Savings Fund Society FSB | 2 | 5.3% | $610K | |
| 6 | Bankers Trust Company | 2 | 5.3% | $412K | |
| 7 | Rockland Trust Company | 2 | 5.3% | $203K | |
| 8 | UMB Bank, National Association | 1 | 2.6% | $1.5M | |
| 9 | US Eagle FCU | 1 | 2.6% | $1.4M | |
| 10 | GBank | 1 | 2.6% | $1.2M |
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 Offices of Podiatrists?
Median $335,000 across 38 acquisition loans (FY2018 to FY2026); the middle half ran $185,625 to $637,500. That is 48% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Offices of Podiatrists acquisitions?
The Huntington National Bank (4), MVB Bank, Inc. (2), United Midwest Savings Bank National Association (2), Banner Bank (2), Wilmington Savings Fund Society FSB (2).
Are businesses in Offices of Podiatrists often franchised?
Rarely. Only 0% 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 Podiatrists?
Of 23 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 Podiatrists acquisitions?
Median term 10 years, average initial rate 7.21% 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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