Other Building Finishing Contractors: SBA business acquisition loan data
139 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Building Finishing Contractors (NAICS 238390), totaling $160M. Median loan $745,000, 15% higher than the all-acquisition median. Annual volume rose 67% from FY2024 to FY2026.
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 $1,367,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.3% of all SBA-financed business purchases, ranking #70 of 300 industries tracked.
- Geography. Florida leads with 33 loans; the top five states account for 50% of the industry's acquisitions.
- Jobs. Lenders reported 1,901 jobs supported across these loans, about 13.7 per acquisition, a rough proxy for the size of business changing hands.
Other Building Finishing Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 11 | $13.5M | $702,400 | |
| FY2019 | 8 | $5.8M | $539,000 | |
| FY2020 | 6 | $5.2M | $832,500 | |
| FY2021 | 10 | $11.1M | $483,000 | |
| FY2022 | 8 | $14.6M | $1,280,000 | |
| FY2023 | 14 | $22.2M | $1,006,000 | |
| FY2024 | 18 | $16.4M | $670,000 | |
| FY2025 | 34 | $40.1M | $820,000 | |
| FY2026 | 30 | $31M | $519,000 |
How often do these acquisition loans fail?
Of the 35 Other Building Finishing Contractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 8.6% by loan count and 5.3% by dollars. 16 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 Finishing Contractors is 143% 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 33 | 23.7% | $46.4M | |
| 2 | California | 13 | 9.4% | $11.8M | |
| 3 | Ohio | 9 | 6.5% | $5.5M | |
| 4 | Utah | 8 | 5.8% | $8.1M | |
| 5 | Texas | 7 | 5.0% | $12.3M | |
| 6 | Georgia | 7 | 5.0% | $9.6M | |
| 7 | New Jersey | 5 | 3.6% | $3.8M | |
| 8 | Pennsylvania | 4 | 2.9% | $6.9M | |
| 9 | Colorado | 4 | 2.9% | $5M | |
| 10 | Tennessee | 4 | 2.9% | $4.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 23 | 16.5% | $17.5M | |
| 2 | Live Oak Banking Company | 22 | 15.8% | $23M | |
| 3 | Byline Bank | 7 | 5.0% | $10.9M | |
| 4 | First Internet Bank of Indiana | 7 | 5.0% | $8.2M | |
| 5 | Beacon Bank and Trust | 4 | 2.9% | $10.4M | |
| 6 | Pinnacle Bank | 3 | 2.2% | $9.9M | |
| 7 | T Bank, National Association | 3 | 2.2% | $5M | |
| 8 | Republic Bank & Trust Company | 3 | 2.2% | $2M | |
| 9 | U.S. Bank, National Association | 3 | 2.2% | $472K | |
| 10 | St. Louis Bank | 2 | 1.4% | $5.9M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands in Other Building Finishing Contractors
8% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Closet Factory | 3 | 27.3% | $1.3M | |
| 2 | Miracle Method Surface Refinishing | 2 | 18.2% | $498K | |
| 3 | Budget Blinds | 1 | 9.1% | $1.3M | |
| 4 | Rainbow Restoration | 1 | 9.1% | $470K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Other Building Finishing Contractors?
Median $745,000 across 139 acquisition loans (FY2018 to FY2026); the middle half ran $300,000 to $1,367,500. That is 15% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Building Finishing Contractors acquisitions?
The Huntington National Bank (23), Live Oak Banking Company (22), Byline Bank (7), First Internet Bank of Indiana (7), Beacon Bank and Trust (4).
Are businesses in Other Building Finishing Contractors often franchised?
Sometimes. 8% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Closet Factory, Miracle Method Surface Refinishing, Budget Blinds, Rainbow Restoration.
How risky are SBA loans for buying a business in Other Building Finishing Contractors?
Of 35 seasoned loans (FY2018 to FY2021), 8.6% charged off, 143% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Other Building Finishing Contractors acquisitions?
Median term 10 years, average initial rate 8.57% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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