Recyclable Material Merchant Wholesalers: SBA business acquisition loan data
33 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Recyclable Material Merchant Wholesalers (NAICS 423930), totaling $58.8M. Median loan $1,585,000, 146% higher than the all-acquisition median.
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 $2,500,000 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 #213 of 300 industries tracked.
- Geography. Florida leads with 5 loans; the top five states account for 45% of the industry's acquisitions.
- Jobs. Lenders reported 536 jobs supported across these loans, about 16.2 per acquisition, a rough proxy for the size of business changing hands.
Recyclable Material Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $6.1M | $3,065,500 | |
| FY2019 | 7 | $12.1M | $797,000 | |
| FY2020 | 4 | $6.2M | $1,254,050 | |
| FY2021 | 5 | $6.6M | $732,000 | |
| FY2022 | 3 | $5.9M | $1,983,400 | |
| FY2023 | 2 | $3M | $1,493,500 | |
| FY2024 | 2 | $3M | $1,492,750 | |
| FY2025 | 4 | $5.9M | $1,442,100 | |
| FY2026 | 4 | $10.1M | $2,450,550 |
How often do these acquisition loans fail?
Fewer than 20 Recyclable Material Merchant Wholesalers 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.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 15.2% | $9.6M | |
| 2 | Texas | 3 | 9.1% | $5.9M | |
| 3 | New York | 3 | 9.1% | $3.3M | |
| 4 | Nevada | 2 | 6.1% | $5.7M | |
| 5 | California | 2 | 6.1% | $5.5M | |
| 6 | New Jersey | 2 | 6.1% | $3M | |
| 7 | Michigan | 2 | 6.1% | $1.8M | |
| 8 | Wisconsin | 2 | 6.1% | $1.2M | |
| 9 | Oregon | 1 | 3.0% | $5M | |
| 10 | Pennsylvania | 1 | 3.0% | $4.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | KeyBank National Association | 2 | 6.1% | $5.5M | |
| 2 | Live Oak Banking Company | 2 | 6.1% | $4.1M | |
| 3 | Centennial Bank | 2 | 6.1% | $4.1M | |
| 4 | Columbia Bank | 2 | 6.1% | $3M | |
| 5 | Citizens Bank | 2 | 6.1% | $2.3M | |
| 6 | Old National Bank | 2 | 6.1% | $1.8M | |
| 7 | Merchants Bank of Indiana | 2 | 6.1% | $1.7M | |
| 8 | Newtek Small Business Finance, LLC | 1 | 3.0% | $5M | |
| 9 | Port Richmond Savings | 1 | 3.0% | $4.3M | |
| 10 | First Federal Bank | 1 | 3.0% | $3.4M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Recyclable Material Merchant Wholesalers?
Median $1,585,000 across 33 acquisition loans (FY2018 to FY2026); the middle half ran $680,000 to $2,500,000. That is 146% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Recyclable Material Merchant Wholesalers acquisitions?
KeyBank National Association (2), Live Oak Banking Company (2), Centennial Bank (2), Columbia Bank (2), Citizens Bank (2).
Are businesses in Recyclable Material Merchant Wholesalers 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 Recyclable Material Merchant Wholesalers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Recyclable Material Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 7.31% 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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