Poured Concrete Foundation and Structure Contractors: SBA business acquisition loan data
95 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Poured Concrete Foundation and Structure Contractors (NAICS 238110), totaling $95.9M. Median loan $571,900, 11% 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 $1,233,500 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 #102 of 300 industries tracked.
- Geography. Texas leads with 12 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 1,520 jobs supported across these loans, about 16.0 per acquisition, a rough proxy for the size of business changing hands.
Poured Concrete Foundation and Structure Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $7.3M | $409,000 | |
| FY2019 | 4 | $6M | $1,312,000 | |
| FY2020 | 7 | $9.9M | $210,000 | |
| FY2021 | 11 | $13.2M | $535,000 | |
| FY2022 | 7 | $5.9M | $653,400 | |
| FY2023 | 10 | $9.5M | $827,800 | |
| FY2024 | 16 | $15M | $500,000 | |
| FY2025 | 14 | $8M | $275,000 | |
| FY2026 | 17 | $21M | $800,000 |
How often do these acquisition loans fail?
Of the 31 Poured Concrete Foundation and Structure Contractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 3.2% by loan count and 10.3% by dollars. 18 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 Poured Concrete Foundation and Structure Contractors is 8% lower 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 | Texas | 12 | 12.6% | $18.1M | |
| 2 | Florida | 11 | 11.6% | $18.8M | |
| 3 | Georgia | 6 | 6.3% | $7M | |
| 4 | Colorado | 6 | 6.3% | $2.1M | |
| 5 | North Carolina | 5 | 5.3% | $4.8M | |
| 6 | Oklahoma | 4 | 4.2% | $5M | |
| 7 | South Dakota | 4 | 4.2% | $4.5M | |
| 8 | Michigan | 4 | 4.2% | $3.9M | |
| 9 | Illinois | 4 | 4.2% | $1.9M | |
| 10 | Minnesota | 3 | 3.2% | $4.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 9 | 9.5% | $12.1M | |
| 2 | First Internet Bank of Indiana | 6 | 6.3% | $7.8M | |
| 3 | The Huntington National Bank | 5 | 5.3% | $4.2M | |
| 4 | The First National Bank in Sioux Falls | 3 | 3.2% | $4.4M | |
| 5 | Merchants Bank of Indiana | 3 | 3.2% | $2M | |
| 6 | Celtic Bank Corporation | 3 | 3.2% | $1.7M | |
| 7 | First Bank of the Lake | 2 | 2.1% | $4.4M | |
| 8 | United Community Bank | 2 | 2.1% | $3.4M | |
| 9 | SouthState Bank, National Association | 2 | 2.1% | $2.8M | |
| 10 | HomeTrust Bank | 2 | 2.1% | $2.1M |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Poured Concrete Foundation and Structure Contractors?
Median $571,900 across 95 acquisition loans (FY2018 to FY2026); the middle half ran $230,000 to $1,233,500. That is 11% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Poured Concrete Foundation and Structure Contractors acquisitions?
Live Oak Banking Company (9), First Internet Bank of Indiana (6), The Huntington National Bank (5), The First National Bank in Sioux Falls (3), Merchants Bank of Indiana (3).
Are businesses in Poured Concrete Foundation and Structure Contractors often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Poured Concrete Foundation and Structure Contractors?
Of 31 seasoned loans (FY2018 to FY2021), 3.2% charged off, 8% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Poured Concrete Foundation and Structure Contractors acquisitions?
Median term 10 years, average initial rate 8.24% 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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