Scenic and Sightseeing Transportation, Water: SBA business acquisition loan data
20 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Scenic and Sightseeing Transportation, Water (NAICS 487210), totaling $13.8M. Median loan $466,500, 28% 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 $966,550 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #297 of 300 industries tracked.
- Geography. Florida leads with 5 loans; the top five states account for 65% of the industry's acquisitions.
- Jobs. Lenders reported 202 jobs supported across these loans, about 10.1 per acquisition, a rough proxy for the size of business changing hands.
Scenic and Sightseeing Transportation, Water acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.4M | $693,100 | |
| FY2019 | 1 | $309K | $308,500 | |
| FY2020 | 1 | $131K | $131,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $2.3M | $1,160,500 | |
| FY2023 | 5 | $3.4M | $224,000 | |
| FY2024 | 3 | $1.3M | $204,200 | |
| FY2025 | 5 | $4.4M | $519,000 | |
| FY2026 | 1 | $550K | $550,000 |
How often do these acquisition loans fail?
Fewer than 20 Scenic and Sightseeing Transportation, Water 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 25.0% | $4M | |
| 2 | California | 4 | 20.0% | $3.6M | |
| 3 | Washington | 2 | 10.0% | $1.3M | |
| 4 | South Carolina | 1 | 5.0% | $1.7M | |
| 5 | Hawaii | 1 | 5.0% | $910K | |
| 6 | Rhode Island | 1 | 5.0% | $624K | |
| 7 | New Hampshire | 1 | 5.0% | $550K | |
| 8 | Wisconsin | 1 | 5.0% | $309K | |
| 9 | Massachusetts | 1 | 5.0% | $224K | |
| 10 | New Jersey | 1 | 5.0% | $212K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 3 | 15.0% | $3.5M | |
| 2 | Manufacturers and Traders Trust Company | 2 | 10.0% | $625K | |
| 3 | The Huntington National Bank | 1 | 5.0% | $2.2M | |
| 4 | Renasant Bank | 1 | 5.0% | $1.7M | |
| 5 | Whatcom Educational CU | 1 | 5.0% | $1.1M | |
| 6 | Live Oak Banking Company | 1 | 5.0% | $910K | |
| 7 | Baycoast Bank | 1 | 5.0% | $624K | |
| 8 | Citizens Bank | 1 | 5.0% | $602K | |
| 9 | Gulf Coast Bank and Trust Company | 1 | 5.0% | $519K | |
| 10 | Harvest Small Business Finance, LLC | 1 | 5.0% | $414K |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Scenic and Sightseeing Transportation, Water?
Median $466,500 across 20 acquisition loans (FY2018 to FY2026); the middle half ran $209,675 to $966,550. That is 28% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Scenic and Sightseeing Transportation, Water acquisitions?
First Internet Bank of Indiana (3), Manufacturers and Traders Trust Company (2), The Huntington National Bank (1), Renasant Bank (1), Whatcom Educational CU (1).
Are businesses in Scenic and Sightseeing Transportation, Water often franchised?
Sometimes. 10% of SBA acquisition loans in this industry financed a franchised unit. Top brands: .
How risky are SBA loans for buying a business in Scenic and Sightseeing Transportation, Water?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Scenic and Sightseeing Transportation, Water acquisitions?
Median term 10 years, average initial rate 8.80% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
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