Other Grocery and Related Products Merchant Wholesalers: SBA business acquisition loan data
59 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Grocery and Related Products Merchant Wholesalers (NAICS 424490), totaling $65.5M. Median loan $566,000, 12% 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 $1,299,250 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 #149 of 300 industries tracked.
- Geography. California leads with 9 loans; the top five states account for 58% of the industry's acquisitions.
- Jobs. Lenders reported 660 jobs supported across these loans, about 11.2 per acquisition, a rough proxy for the size of business changing hands.
Other Grocery and Related Products Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $2M | $324,000 | |
| FY2019 | 6 | $7.8M | $901,000 | |
| FY2020 | 9 | $9.6M | $394,200 | |
| FY2021 | 6 | $5.1M | $621,000 | |
| FY2022 | 3 | $2.1M | $350,000 | |
| FY2023 | 4 | $2.9M | $500,000 | |
| FY2024 | 3 | $1.7M | $410,000 | |
| FY2025 | 12 | $14.3M | $481,000 | |
| FY2026 | 11 | $20M | $1,000,000 |
How often do these acquisition loans fail?
Of the 26 Other Grocery and Related Products Merchant Wholesalers 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 7.7% by loan count and 2.8% by dollars. 15 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 Grocery and Related Products Merchant Wholesalers is 118% 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 | California | 9 | 15.3% | $11.2M | |
| 2 | Illinois | 7 | 11.9% | $8.9M | |
| 3 | Washington | 7 | 11.9% | $6.7M | |
| 4 | Florida | 7 | 11.9% | $4.7M | |
| 5 | Wisconsin | 4 | 6.8% | $8.4M | |
| 6 | Minnesota | 4 | 6.8% | $7M | |
| 7 | Pennsylvania | 3 | 5.1% | $5.6M | |
| 8 | Ohio | 3 | 5.1% | $1.7M | |
| 9 | New Hampshire | 2 | 3.4% | $4.8M | |
| 10 | Virginia | 2 | 3.4% | $2.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | 18.6% | $13.4M | |
| 2 | Live Oak Banking Company | 4 | 6.8% | $8.1M | |
| 3 | Manufacturers and Traders Trust Company | 3 | 5.1% | $795K | |
| 4 | Old National Bank | 2 | 3.4% | $5M | |
| 5 | First Internet Bank of Indiana | 2 | 3.4% | $2.2M | |
| 6 | First National Bank of Pennsylvania | 2 | 3.4% | $2.1M | |
| 7 | Associated Bank National Association | 2 | 3.4% | $2M | |
| 8 | Columbia Bank | 2 | 3.4% | $495K | |
| 9 | United Community Bank | 2 | 3.4% | $460K | |
| 10 | TD Bank, National Association | 2 | 3.4% | $350K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much is a typical SBA loan to buy a business in Other Grocery and Related Products Merchant Wholesalers?
Median $566,000 across 59 acquisition loans (FY2018 to FY2026); the middle half ran $240,000 to $1,299,250. That is 12% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Grocery and Related Products Merchant Wholesalers acquisitions?
The Huntington National Bank (11), Live Oak Banking Company (4), Manufacturers and Traders Trust Company (3), Old National Bank (2), First Internet Bank of Indiana (2).
Are businesses in Other Grocery and Related Products Merchant Wholesalers 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 Other Grocery and Related Products Merchant Wholesalers?
Of 26 seasoned loans (FY2018 to FY2021), 7.7% charged off, 118% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Other Grocery and Related Products Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.82% 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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