Septic Tank and Related Services: SBA business acquisition loan data
71 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Septic Tank and Related Services (NAICS 562991), totaling $59.3M. Median loan $456,000, 29% lower 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 $1,147,500 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 #128 of 300 industries tracked.
- Geography. Minnesota leads with 6 loans; the top five states account for 35% of the industry's acquisitions.
- Jobs. Lenders reported 446 jobs supported across these loans, about 6.3 per acquisition, a rough proxy for the size of business changing hands.
Septic Tank and Related Services acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $2.5M | $403,000 | |
| FY2019 | 5 | $8.3M | $1,374,000 | |
| FY2020 | 10 | $5.8M | $302,300 | |
| FY2021 | 16 | $11.8M | $500,950 | |
| FY2022 | 11 | $6M | $243,000 | |
| FY2023 | 3 | $2.7M | $245,000 | |
| FY2024 | 5 | $5.7M | $1,000,000 | |
| FY2025 | 8 | $7.2M | $743,500 | |
| FY2026 | 9 | $9.3M | $300,000 |
How often do these acquisition loans fail?
Of the 35 Septic Tank and Related Services acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 18 have already been paid in full.
For comparison, Septic Tank and Related Services has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 6 | 8.5% | $2.9M | |
| 2 | Texas | 5 | 7.0% | $5M | |
| 3 | Wisconsin | 5 | 7.0% | $3.7M | |
| 4 | Washington | 5 | 7.0% | $2.3M | |
| 5 | Arizona | 4 | 5.6% | $7.4M | |
| 6 | Florida | 4 | 5.6% | $4.5M | |
| 7 | Oregon | 4 | 5.6% | $3.1M | |
| 8 | Michigan | 3 | 4.2% | $6.7M | |
| 9 | California | 3 | 4.2% | $4.4M | |
| 10 | Indiana | 3 | 4.2% | $617K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4 | 5.6% | $4.3M | |
| 2 | St. Louis Bank | 3 | 4.2% | $3.2M | |
| 3 | Columbia Bank | 3 | 4.2% | $2.1M | |
| 4 | Fifth Third Bank | 2 | 2.8% | $6M | |
| 5 | Live Oak Banking Company | 2 | 2.8% | $2.7M | |
| 6 | United Midwest Savings Bank National Association | 2 | 2.8% | $2.4M | |
| 7 | BankVista | 2 | 2.8% | $1.9M | |
| 8 | Bank of Prairie Du Sac | 2 | 2.8% | $1.1M | |
| 9 | First National Bank of Pennsylvania | 2 | 2.8% | $700K | |
| 10 | Glacier Bank | 2 | 2.8% | $353K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Septic Tank and Related Services?
Median $456,000 across 71 acquisition loans (FY2018 to FY2026); the middle half ran $244,500 to $1,147,500. That is 29% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Septic Tank and Related Services acquisitions?
The Huntington National Bank (4), St. Louis Bank (3), Columbia Bank (3), Fifth Third Bank (2), Live Oak Banking Company (2).
Are businesses in Septic Tank and Related Services often franchised?
Rarely. Only 1% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Septic Tank and Related Services?
Of 35 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Septic Tank and Related Services acquisitions?
Median term 10 years, average initial rate 7.21% 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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