Other Building Equipment Contractors: SBA business acquisition loan data
100 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Building Equipment Contractors (NAICS 238290), totaling $105M. Median loan $593,750, 8% 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 $1,600,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #93 of 300 industries tracked.
- Geography. Minnesota leads with 9 loans; the top five states account for 34% of the industry's acquisitions.
- Jobs. Lenders reported 1,251 jobs supported across these loans, about 12.5 per acquisition, a rough proxy for the size of business changing hands.
Other Building Equipment Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $150K | $75,000 | |
| FY2019 | 9 | $8.8M | $270,000 | |
| FY2020 | 11 | $15.3M | $1,240,000 | |
| FY2021 | 14 | $16.8M | $439,500 | |
| FY2022 | 14 | $10.7M | $790,850 | |
| FY2023 | 10 | $7.9M | $557,000 | |
| FY2024 | 11 | $12.7M | $500,000 | |
| FY2025 | 17 | $19M | $689,000 | |
| FY2026 | 12 | $13.5M | $417,050 |
How often do these acquisition loans fail?
Of the 36 Other Building Equipment Contractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 5.6% by loan count and 10.2% by dollars. 24 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Other Building Equipment Contractors is 58% higher than the acquisition-loan average. 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 9 | 9.0% | $5.4M | |
| 2 | Texas | 8 | 8.0% | $11.1M | |
| 3 | Illinois | 6 | 6.0% | $5.3M | |
| 4 | Missouri | 6 | 6.0% | $4.3M | |
| 5 | Florida | 5 | 5.0% | $3.9M | |
| 6 | California | 4 | 4.0% | $9.8M | |
| 7 | Georgia | 4 | 4.0% | $7.8M | |
| 8 | Kansas | 4 | 4.0% | $6.7M | |
| 9 | Pennsylvania | 4 | 4.0% | $4.6M | |
| 10 | Washington | 4 | 4.0% | $4.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 17 | 17.0% | $22.1M | |
| 2 | The Huntington National Bank | 12 | 12.0% | $9.8M | |
| 3 | BankVista | 7 | 7.0% | $4.6M | |
| 4 | First Internet Bank of Indiana | 5 | 5.0% | $8.1M | |
| 5 | Old National Bank | 5 | 5.0% | $4.3M | |
| 6 | Busey Bank | 3 | 3.0% | $2.4M | |
| 7 | Beacon Bank and Trust | 2 | 2.0% | $4.1M | |
| 8 | Pathward National Association | 2 | 2.0% | $2.6M | |
| 9 | Idaho Central CU | 2 | 2.0% | $2.4M | |
| 10 | Columbia Bank | 2 | 2.0% | $1.6M |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Other Building Equipment Contractors?
Median $593,750 across 100 acquisition loans (FY2018 to FY2026); the middle half ran $250,000 to $1,600,000. That is 8% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Building Equipment Contractors acquisitions?
Live Oak Banking Company (17), The Huntington National Bank (12), BankVista (7), First Internet Bank of Indiana (5), Old National Bank (5).
Are businesses in Other Building Equipment Contractors often franchised?
Rarely. Only 4% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Other Building Equipment Contractors?
Of 36 seasoned loans (FY2018 to FY2021), 5.6% charged off, 58% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Other Building Equipment Contractors acquisitions?
Median term 10 years, average initial rate 7.72% 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.
Request Engagement AssessmentAll 50 states. Free consultation.
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