Retail Bakeries: SBA business acquisition loan data
99 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Retail Bakeries (NAICS 311811), totaling $60.8M. Median loan $340,000, 47% lower than the all-acquisition median. Annual volume fell 47% from FY2024 to FY2026.
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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 $732,500 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 #96 of 300 industries tracked.
- Geography. California leads with 12 loans; the top five states account for 33% of the industry's acquisitions.
- Jobs. Lenders reported 1,592 jobs supported across these loans, about 16.1 per acquisition, a rough proxy for the size of business changing hands.
Retail Bakeries acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $752K | $162,000 | |
| FY2019 | 10 | $4.5M | $264,100 | |
| FY2020 | 5 | $1.4M | $275,000 | |
| FY2021 | 15 | $7.4M | $236,000 | |
| FY2022 | 9 | $6.4M | $451,200 | |
| FY2023 | 12 | $13M | $654,500 | |
| FY2024 | 17 | $9.8M | $450,000 | |
| FY2025 | 18 | $12.5M | $305,000 | |
| FY2026 | 9 | $5.1M | $344,000 |
How often do these acquisition loans fail?
Of the 34 Retail Bakeries 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 2.9% by loan count and 1.5% by dollars. 19 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 Retail Bakeries is 16% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 12 | 12.1% | $10.2M | |
| 2 | New Jersey | 6 | 6.1% | $2.7M | |
| 3 | Texas | 5 | 5.1% | $4.2M | |
| 4 | Illinois | 5 | 5.1% | $4M | |
| 5 | Pennsylvania | 5 | 5.1% | $1.4M | |
| 6 | Maryland | 4 | 4.0% | $5.3M | |
| 7 | Michigan | 4 | 4.0% | $5M | |
| 8 | South Carolina | 4 | 4.0% | $3.7M | |
| 9 | Minnesota | 4 | 4.0% | $2.4M | |
| 10 | Massachusetts | 4 | 4.0% | $1.7M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 10 | 10.1% | $5.8M | |
| 2 | Live Oak Banking Company | 5 | 5.1% | $7.7M | |
| 3 | Newtek Small Business Finance, LLC | 4 | 4.0% | $659K | |
| 4 | BMO Bank National Association | 3 | 3.0% | $4.6M | |
| 5 | East West Bank | 3 | 3.0% | $2.9M | |
| 6 | Manufacturers and Traders Trust Company | 3 | 3.0% | $799K | |
| 7 | First Internet Bank of Indiana | 2 | 2.0% | $3.9M | |
| 8 | Sunflower Bank National Association | 2 | 2.0% | $1.3M | |
| 9 | TowneBank | 2 | 2.0% | $1M | |
| 10 | United Bank of Iowa | 2 | 2.0% | $930K |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in Retail Bakeries
18% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Paris Baguette | 4 | 22.2% | $3.4M | |
| 2 | Nothing Bundt Cakes | 4 | 22.2% | $2.7M | |
| 3 | Great Harvest | 3 | 16.7% | $415K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Retail Bakeries?
Median $340,000 across 99 acquisition loans (FY2018 to FY2026); the middle half ran $150,000 to $732,500. That is 47% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Retail Bakeries acquisitions?
The Huntington National Bank (10), Live Oak Banking Company (5), Newtek Small Business Finance, LLC (4), BMO Bank National Association (3), East West Bank (3).
Are businesses in Retail Bakeries often franchised?
Sometimes. 18% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Paris Baguette, Nothing Bundt Cakes, Great Harvest.
How risky are SBA loans for buying a business in Retail Bakeries?
Of 34 seasoned loans (FY2018 to FY2021), 2.9% charged off, 16% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Retail Bakeries acquisitions?
Median term 10 years, average initial rate 8.15% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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