Other Miscellaneous Nondurable Goods Merchant Wholesalers: SBA business acquisition loan data
86 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 424990), totaling $131M. Median loan $1,083,000, 68% higher 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 $2,288,000 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 #113 of 300 industries tracked.
- Geography. California leads with 13 loans; the top five states account for 47% of the industry's acquisitions.
- Jobs. Lenders reported 980 jobs supported across these loans, about 11.4 per acquisition, a rough proxy for the size of business changing hands.
Other Miscellaneous Nondurable Goods Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $6.7M | $618,500 | |
| FY2019 | 5 | $5.3M | $855,000 | |
| FY2020 | 9 | $10.9M | $950,000 | |
| FY2021 | 14 | $18.3M | $931,000 | |
| FY2022 | 8 | $20.3M | $2,112,000 | |
| FY2023 | 5 | $10.2M | $1,800,000 | |
| FY2024 | 7 | $7.6M | $1,390,000 | |
| FY2025 | 17 | $28.9M | $815,000 | |
| FY2026 | 15 | $23M | $1,408,200 |
How often do these acquisition loans fail?
Of the 33 Other Miscellaneous Nondurable Goods 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 6.1% by loan count and 5.3% by dollars. 17 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 Miscellaneous Nondurable Goods Merchant Wholesalers is 72% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 13 | 15.1% | $17.7M | |
| 2 | Florida | 8 | 9.3% | $11.6M | |
| 3 | Pennsylvania | 7 | 8.1% | $13.3M | |
| 4 | Texas | 7 | 8.1% | $12M | |
| 5 | New Jersey | 5 | 5.8% | $8.8M | |
| 6 | Michigan | 5 | 5.8% | $8.1M | |
| 7 | Ohio | 4 | 4.7% | $10.4M | |
| 8 | New York | 4 | 4.7% | $7.1M | |
| 9 | Indiana | 4 | 4.7% | $1.5M | |
| 10 | Massachusetts | 3 | 3.5% | $4.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 16 | 18.6% | $20.3M | |
| 2 | Live Oak Banking Company | 11 | 12.8% | $19.5M | |
| 3 | First Internet Bank of Indiana | 3 | 3.5% | $7.1M | |
| 4 | U.S. Bank, National Association | 3 | 3.5% | $1.8M | |
| 5 | KeyBank National Association | 2 | 2.3% | $6.5M | |
| 6 | Columbia Bank | 2 | 2.3% | $5.3M | |
| 7 | Beacon Bank and Trust | 2 | 2.3% | $5.3M | |
| 8 | Santander Bank, National Association | 2 | 2.3% | $3.4M | |
| 9 | TowneBank | 2 | 2.3% | $2.8M | |
| 10 | First National Bank of Pennsylvania | 2 | 2.3% | $2M |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Other Miscellaneous Nondurable Goods Merchant Wholesalers?
Median $1,083,000 across 86 acquisition loans (FY2018 to FY2026); the middle half ran $354,125 to $2,288,000. That is 68% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Miscellaneous Nondurable Goods Merchant Wholesalers acquisitions?
The Huntington National Bank (16), Live Oak Banking Company (11), First Internet Bank of Indiana (3), U.S. Bank, National Association (3), KeyBank National Association (2).
Are businesses in Other Miscellaneous Nondurable Goods Merchant Wholesalers often franchised?
Rarely. Only 2% 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 Miscellaneous Nondurable Goods Merchant Wholesalers?
Of 33 seasoned loans (FY2018 to FY2021), 6.1% charged off, 72% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Other Miscellaneous Nondurable Goods Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.75% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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