Other Millwork (including Flooring): SBA business acquisition loan data
21 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Millwork (including Flooring) (NAICS 321918), totaling $17.8M. Median loan $615,000, in line with the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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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 $1,247,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #281 of 300 industries tracked.
- Geography. Indiana leads with 3 loans; the top five states account for 52% of the industry's acquisitions.
- Jobs. Lenders reported 380 jobs supported across these loans, about 18.1 per acquisition, a rough proxy for the size of business changing hands.
Other Millwork (including Flooring) acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $1.2M | $256,000 | |
| FY2019 | 4 | $2M | $327,500 | |
| FY2020 | 1 | $1.6M | $1,574,000 | |
| FY2021 | 1 | $1.1M | $1,092,000 | |
| FY2022 | 1 | $2.9M | $2,949,300 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 3 | $1.5M | $615,000 | |
| FY2025 | 5 | $5.3M | $1,247,500 | |
| FY2026 | 1 | $2.2M | $2,200,000 |
How often do these acquisition loans fail?
Fewer than 20 Other Millwork (including Flooring) acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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 | Indiana | 3 | 14.3% | $1.1M | |
| 2 | Wisconsin | 3 | 14.3% | $1.1M | |
| 3 | Missouri | 2 | 9.5% | $2.8M | |
| 4 | Kansas | 2 | 9.5% | $1.2M | |
| 5 | Texas | 1 | 4.8% | $2.9M | |
| 6 | North Carolina | 1 | 4.8% | $2.2M | |
| 7 | Tennessee | 1 | 4.8% | $1.5M | |
| 8 | Colorado | 1 | 4.8% | $1.2M | |
| 9 | Louisiana | 1 | 4.8% | $1.2M | |
| 10 | Massachusetts | 1 | 4.8% | $1.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Busey Bank | 2 | 9.5% | $1.2M | |
| 2 | First Merchants Bank | 2 | 9.5% | $514K | |
| 3 | American National Bank-Fox Cities | 2 | 9.5% | $420K | |
| 4 | Security State Bank and Trust | 1 | 4.8% | $2.9M | |
| 5 | TowneBank | 1 | 4.8% | $2.2M | |
| 6 | American Bank of Freedom | 1 | 4.8% | $1.6M | |
| 7 | Pinnacle Bank | 1 | 4.8% | $1.5M | |
| 8 | Midwest BankCentre | 1 | 4.8% | $1.3M | |
| 9 | First Interstate Bank | 1 | 4.8% | $1.2M | |
| 10 | CIBC Bank USA | 1 | 4.8% | $1.2M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Other Millwork (including Flooring)?
Median $615,000 across 21 acquisition loans (FY2018 to FY2026); the middle half ran $256,000 to $1,247,500. That is in line with the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Millwork (including Flooring) acquisitions?
Busey Bank (2), First Merchants Bank (2), American National Bank-Fox Cities (2), Security State Bank and Trust (1), TowneBank (1).
Are businesses in Other Millwork (including Flooring) 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 Millwork (including Flooring)?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Other Millwork (including Flooring) acquisitions?
Median term 10 years, average initial rate 7.63% 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.
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