Recreational Goods Rental: SBA business acquisition loan data
37 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Recreational Goods Rental (NAICS 532284), totaling $29.2M. Median loan $518,000, 20% lower than the all-acquisition median.
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 $900,000 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 #197 of 300 industries tracked.
- Geography. Florida leads with 5 loans; the top five states account for 46% of the industry's acquisitions.
- Jobs. Lenders reported 376 jobs supported across these loans, about 10.2 per acquisition, a rough proxy for the size of business changing hands.
Recreational Goods Rental acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 5 | $2.5M | $480,000 | |
| FY2020 | 1 | $350K | $350,000 | |
| FY2021 | 7 | $4.6M | $458,300 | |
| FY2022 | 5 | $6.1M | $895,500 | |
| FY2023 | 5 | $4.8M | $523,800 | |
| FY2024 | 4 | $5M | $1,348,750 | |
| FY2025 | 6 | $2M | $317,500 | |
| FY2026 | 4 | $3.7M | $580,000 |
How often do these acquisition loans fail?
Fewer than 20 Recreational Goods Rental 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 13.5% | $3.7M | |
| 2 | Arizona | 4 | 10.8% | $5.7M | |
| 3 | Colorado | 3 | 8.1% | $5M | |
| 4 | California | 3 | 8.1% | $3.4M | |
| 5 | Wisconsin | 2 | 5.4% | $1.4M | |
| 6 | Utah | 2 | 5.4% | $1.2M | |
| 7 | Georgia | 2 | 5.4% | $1M | |
| 8 | Michigan | 2 | 5.4% | $718K | |
| 9 | Connecticut | 2 | 5.4% | $278K | |
| 10 | Virginia | 1 | 2.7% | $1.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | VelocitySBA, LLC | 3 | 8.1% | $3.4M | |
| 2 | St. Louis Bank | 2 | 5.4% | $4.2M | |
| 3 | Manufacturers and Traders Trust Company | 2 | 5.4% | $278K | |
| 4 | First Bank | 1 | 2.7% | $2.6M | |
| 5 | First Bank of the Lake | 1 | 2.7% | $2.2M | |
| 6 | Pathward National Association | 1 | 2.7% | $1.9M | |
| 7 | Live Oak Banking Company | 1 | 2.7% | $1.4M | |
| 8 | Bank Five Nine | 1 | 2.7% | $1.3M | |
| 9 | Northwest Bank | 1 | 2.7% | $900K | |
| 10 | The Bank of Houston | 1 | 2.7% | $900K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Recreational Goods Rental?
Median $518,000 across 37 acquisition loans (FY2018 to FY2026); the middle half ran $320,500 to $900,000. That is 20% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Recreational Goods Rental acquisitions?
VelocitySBA, LLC (3), St. Louis Bank (2), Manufacturers and Traders Trust Company (2), First Bank (1), First Bank of the Lake (1).
Are businesses in Recreational Goods Rental often franchised?
Rarely. Only 0% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Recreational Goods Rental?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Recreational Goods Rental acquisitions?
Median term 10 years, average initial rate 8.11% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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