Portfolio Management and Investment Advice: SBA business acquisition loan data
69 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Portfolio Management and Investment Advice (NAICS 523940), totaling $81.7M. Median loan $699,000, 8% higher than the all-acquisition median. Annual volume rose 23% from FY2024 to FY2026.
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 $1,610,000 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 #132 of 300 industries tracked.
- Geography. Pennsylvania leads with 8 loans; the top five states account for 45% of the industry's acquisitions.
- Jobs. Lenders reported 191 jobs supported across these loans, about 2.8 per acquisition, a rough proxy for the size of business changing hands.
Portfolio Management and Investment Advice acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 11 | $16.9M | $1,400,000 | |
| FY2023 | 7 | $12.8M | $2,000,000 | |
| FY2024 | 13 | $14.7M | $765,000 | |
| FY2025 | 22 | $15.1M | $500,000 | |
| FY2026 | 16 | $22.3M | $687,500 |
How often do these acquisition loans fail?
Fewer than 20 Portfolio Management and Investment Advice 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 8 | 11.6% | $11.6M | |
| 2 | Michigan | 8 | 11.6% | $10.7M | |
| 3 | Colorado | 6 | 8.7% | $4.3M | |
| 4 | California | 5 | 7.2% | $3.8M | |
| 5 | North Carolina | 4 | 5.8% | $7.7M | |
| 6 | Washington | 4 | 5.8% | $5.2M | |
| 7 | Wisconsin | 3 | 4.3% | $7M | |
| 8 | Virginia | 3 | 4.3% | $4.9M | |
| 9 | Missouri | 3 | 4.3% | $3.7M | |
| 10 | Texas | 3 | 4.3% | $2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 39 | 56.5% | $39.8M | |
| 2 | Byline Bank | 16 | 23.2% | $18.3M | |
| 3 | CCFBank National Association | 2 | 2.9% | $5.4M | |
| 4 | Associated Bank National Association | 2 | 2.9% | $1.6M | |
| 5 | The Huntington National Bank | 2 | 2.9% | $775K | |
| 6 | Beacon Bank and Trust | 1 | 1.4% | $4.1M | |
| 7 | ACNB Bank | 1 | 1.4% | $3.5M | |
| 8 | United Midwest Savings Bank National Association | 1 | 1.4% | $2.2M | |
| 9 | Bank of Springfield | 1 | 1.4% | $2M | |
| 10 | Pentucket Bank | 1 | 1.4% | $2M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in Portfolio Management and Investment Advice
7% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ameriprise Financial | 3 | 60.0% | $3.4M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Portfolio Management and Investment Advice?
Median $699,000 across 69 acquisition loans (FY2018 to FY2026); the middle half ran $400,000 to $1,610,000. That is 8% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Portfolio Management and Investment Advice acquisitions?
Live Oak Banking Company (39), Byline Bank (16), CCFBank National Association (2), Associated Bank National Association (2), The Huntington National Bank (2).
Are businesses in Portfolio Management and Investment Advice often franchised?
Sometimes. 7% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Ameriprise Financial.
How risky are SBA loans for buying a business in Portfolio Management and Investment Advice?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Portfolio Management and Investment Advice acquisitions?
Median term 10 years, average initial rate 9.04% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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