Painting and Wall Covering Contractors: SBA business acquisition loan data
152 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Painting and Wall Covering Contractors (NAICS 238320), totaling $114M. Median loan $431,350, 33% lower than the all-acquisition median. 34% of these deals were franchised units.
Seller note standby terms and third-party consents are reviewed before closing.
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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 $816,250 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 #63 of 300 industries tracked.
- Geography. Florida leads with 13 loans; the top five states account for 36% of the industry's acquisitions.
- Jobs. Lenders reported 1,688 jobs supported across these loans, about 11.1 per acquisition, a rough proxy for the size of business changing hands.
Painting and Wall Covering Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2.8M | $800,000 | |
| FY2019 | 10 | $3.8M | $243,200 | |
| FY2020 | 18 | $13.8M | $514,450 | |
| FY2021 | 15 | $12.1M | $267,500 | |
| FY2022 | 21 | $17.7M | $568,800 | |
| FY2023 | 12 | $6M | $385,750 | |
| FY2024 | 21 | $8.2M | $380,000 | |
| FY2025 | 32 | $24.4M | $500,000 | |
| FY2026 | 20 | $24.8M | $500,000 |
How often do these acquisition loans fail?
Of the 46 Painting and Wall Covering Contractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 27 have already been paid in full.
For comparison, Painting and Wall Covering Contractors has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 13 | 8.6% | $5.1M | |
| 2 | Colorado | 12 | 7.9% | $14.9M | |
| 3 | California | 12 | 7.9% | $8.3M | |
| 4 | Texas | 9 | 5.9% | $6.4M | |
| 5 | Ohio | 8 | 5.3% | $6.1M | |
| 6 | Washington | 7 | 4.6% | $7M | |
| 7 | New Jersey | 7 | 4.6% | $6.7M | |
| 8 | North Carolina | 7 | 4.6% | $3.9M | |
| 9 | Missouri | 6 | 3.9% | $5.3M | |
| 10 | Illinois | 6 | 3.9% | $3.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 29 | 19.1% | $24.6M | |
| 2 | The Huntington National Bank | 13 | 8.6% | $11.4M | |
| 3 | Merchants Bank of Indiana | 5 | 3.3% | $5.7M | |
| 4 | Beacon Bank and Trust | 4 | 2.6% | $5.6M | |
| 5 | Byline Bank | 4 | 2.6% | $2.5M | |
| 6 | Old National Bank | 4 | 2.6% | $1.6M | |
| 7 | Customers Bank | 4 | 2.6% | $1.2M | |
| 8 | FDIC - Community Bank & Trust-West Georgia | 2 | 1.3% | $4.2M | |
| 9 | OMB Bank | 2 | 1.3% | $3.7M | |
| 10 | Milestone Bank | 2 | 1.3% | $2.5M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands in Painting and Wall Covering Contractors
34% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CertaPro Painters | 35 | 68.6% | $18.7M | |
| 2 | RhinoShield | 5 | 9.8% | $5.7M | |
| 3 | Five Star Painting | 5 | 9.8% | $1.9M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Painting and Wall Covering Contractors?
Median $431,350 across 152 acquisition loans (FY2018 to FY2026); the middle half ran $215,000 to $816,250. That is 33% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Painting and Wall Covering Contractors acquisitions?
Live Oak Banking Company (29), The Huntington National Bank (13), Merchants Bank of Indiana (5), Beacon Bank and Trust (4), Byline Bank (4).
Are businesses in Painting and Wall Covering Contractors often franchised?
Yes, often. 34% of SBA acquisition loans in this industry financed a franchised unit. Top brands: CertaPro Painters, RhinoShield, Five Star Painting.
How risky are SBA loans for buying a business in Painting and Wall Covering Contractors?
Of 46 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Painting and Wall Covering Contractors acquisitions?
Median term 10 years, average initial rate 8.22% 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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