Recreational Vehicle Dealers: SBA business acquisition loan data
39 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Recreational Vehicle Dealers (NAICS 441210), totaling $61.8M. Median loan $1,420,000, 120% higher 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 $2,176,500 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 #189 of 300 industries tracked.
- Geography. Wisconsin leads with 6 loans; the top five states account for 51% of the industry's acquisitions.
- Jobs. Lenders reported 810 jobs supported across these loans, about 20.8 per acquisition, a rough proxy for the size of business changing hands.
Recreational Vehicle Dealers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.8M | $647,200 | |
| FY2019 | 7 | $6.7M | $676,000 | |
| FY2020 | 2 | $1.8M | $906,450 | |
| FY2021 | 7 | $16.4M | $2,422,000 | |
| FY2022 | 6 | $10.8M | $1,967,500 | |
| FY2023 | 1 | $3M | $3,000,000 | |
| FY2024 | 5 | $9.9M | $1,860,000 | |
| FY2025 | 5 | $4.1M | $849,200 | |
| FY2026 | 3 | $7.2M | $1,834,600 |
How often do these acquisition loans fail?
Fewer than 20 Recreational Vehicle Dealers 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 | Wisconsin | 6 | 15.4% | $12.7M | |
| 2 | Florida | 5 | 12.8% | $5.5M | |
| 3 | Minnesota | 3 | 7.7% | $6.6M | |
| 4 | Ohio | 3 | 7.7% | $6.3M | |
| 5 | Texas | 3 | 7.7% | $4.9M | |
| 6 | Indiana | 3 | 7.7% | $4M | |
| 7 | California | 2 | 5.1% | $4.8M | |
| 8 | Missouri | 2 | 5.1% | $1.2M | |
| 9 | Kansas | 1 | 2.6% | $3M | |
| 10 | Washington | 1 | 2.6% | $2.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 10.3% | $9.1M | |
| 2 | TowneBank | 2 | 5.1% | $4.3M | |
| 3 | Old National Bank | 2 | 5.1% | $4.3M | |
| 4 | IncredibleBank | 2 | 5.1% | $3.1M | |
| 5 | Nicolet National Bank | 2 | 5.1% | $2.8M | |
| 6 | KeyBank National Association | 2 | 5.1% | $2.3M | |
| 7 | T Bank, National Association | 2 | 5.1% | $949K | |
| 8 | Heritage Bank Inc | 1 | 2.6% | $4M | |
| 9 | Banc of California | 1 | 2.6% | $3.2M | |
| 10 | Kendall Bank | 1 | 2.6% | $3M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in Recreational Vehicle Dealers
13% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Polaris | 3 | 60.0% | $7.7M | |
| 2 | Honda Powersports Sales and Service Agreements | 1 | 20.0% | $676K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Recreational Vehicle Dealers?
Median $1,420,000 across 39 acquisition loans (FY2018 to FY2026); the middle half ran $666,250 to $2,176,500. That is 120% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Recreational Vehicle Dealers acquisitions?
Live Oak Banking Company (4), TowneBank (2), Old National Bank (2), IncredibleBank (2), Nicolet National Bank (2).
Are businesses in Recreational Vehicle Dealers often franchised?
Sometimes. 13% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Polaris, Honda Powersports Sales and Service Agreements.
How risky are SBA loans for buying a business in Recreational Vehicle Dealers?
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 Vehicle Dealers acquisitions?
Median term 10 years, average initial rate 6.95% 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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