Other Personal and Household Goods Repair and Maintenance: SBA business acquisition loan data
141 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Personal and Household Goods Repair and Maintenance (NAICS 811490), totaling $92.3M. Median loan $384,700, 40% 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 $725,000 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 #68 of 300 industries tracked.
- Geography. Florida leads with 29 loans; the top five states account for 48% of the industry's acquisitions.
- Jobs. Lenders reported 1,579 jobs supported across these loans, about 11.2 per acquisition, a rough proxy for the size of business changing hands.
Other Personal and Household Goods Repair and Maintenance acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 14 | $9.9M | $497,000 | |
| FY2019 | 12 | $3.9M | $270,000 | |
| FY2020 | 12 | $3.8M | $260,600 | |
| FY2021 | 12 | $6.2M | $557,750 | |
| FY2022 | 16 | $8.3M | $358,850 | |
| FY2023 | 13 | $13.2M | $354,800 | |
| FY2024 | 25 | $12.5M | $375,000 | |
| FY2025 | 12 | $13.1M | $455,500 | |
| FY2026 | 25 | $21.3M | $578,200 |
How often do these acquisition loans fail?
Of the 50 Other Personal and Household Goods Repair and Maintenance 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 4.0% by loan count and 0.9% by dollars. 21 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 Personal and Household Goods Repair and Maintenance is 14% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 29 | 20.6% | $20.9M | |
| 2 | Texas | 13 | 9.2% | $4.6M | |
| 3 | Indiana | 9 | 6.4% | $4.5M | |
| 4 | California | 8 | 5.7% | $10.6M | |
| 5 | Missouri | 8 | 5.7% | $3.4M | |
| 6 | North Carolina | 7 | 5.0% | $7.3M | |
| 7 | Pennsylvania | 6 | 4.3% | $1.3M | |
| 8 | Illinois | 5 | 3.5% | $1.7M | |
| 9 | New York | 5 | 3.5% | $1.2M | |
| 10 | Colorado | 4 | 2.8% | $3.4M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 21 | 14.9% | $14.2M | |
| 2 | The Huntington National Bank | 9 | 6.4% | $4.7M | |
| 3 | First Internet Bank of Indiana | 6 | 4.3% | $5.5M | |
| 4 | Manufacturers and Traders Trust Company | 5 | 3.5% | $1.3M | |
| 5 | Citizens Bank | 4 | 2.8% | $1.7M | |
| 6 | TowneBank | 4 | 2.8% | $1.4M | |
| 7 | Beacon Bank and Trust | 3 | 2.1% | $8.6M | |
| 8 | Paragon Bank | 3 | 2.1% | $3.3M | |
| 9 | Wells Fargo Bank National Association | 3 | 2.1% | $1.3M | |
| 10 | Eastern Bank | 3 | 2.1% | $936K |
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Franchise brands in Other Personal and Household Goods Repair and Maintenance
18% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 5 | 19.2% | $5M | |
| 2 | Mr. Handyman | 3 | 11.5% | $737K | |
| 3 | Rainbow Restoration | 3 | 11.5% | $675K | |
| 4 | ServiceMaster | 2 | 7.7% | $867K | |
| 5 | Mr. Appliance | 1 | 3.8% | $875K | |
| 6 | Miracle Method Surface Refinishing | 1 | 3.8% | $648K | |
| 7 | Aire Serv | 1 | 3.8% | $346K | |
| 8 | CPR | 1 | 3.8% | $225K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Other Personal and Household Goods Repair and Maintenance?
Median $384,700 across 141 acquisition loans (FY2018 to FY2026); the middle half ran $200,000 to $725,000. That is 40% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Personal and Household Goods Repair and Maintenance acquisitions?
Live Oak Banking Company (21), The Huntington National Bank (9), First Internet Bank of Indiana (6), Manufacturers and Traders Trust Company (5), Citizens Bank (4).
Are businesses in Other Personal and Household Goods Repair and Maintenance often franchised?
Sometimes. 18% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Servpro, Mr. Handyman, Rainbow Restoration, ServiceMaster, Mr. Appliance.
How risky are SBA loans for buying a business in Other Personal and Household Goods Repair and Maintenance?
Of 50 seasoned loans (FY2018 to FY2021), 4.0% charged off, 14% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Other Personal and Household Goods Repair and Maintenance acquisitions?
Median term 10 years, average initial rate 7.95% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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