Service Establishment Equipment and Supplies Merchant Wholesalers: SBA business acquisition loan data
35 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Service Establishment Equipment and Supplies Merchant Wholesalers (NAICS 423850), totaling $35.5M. Median loan $847,900, 31% higher than the all-acquisition median.
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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 $1,426,000 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 #205 of 300 industries tracked.
- Geography. Michigan leads with 4 loans; the top five states account for 46% of the industry's acquisitions.
- Jobs. Lenders reported 380 jobs supported across these loans, about 10.9 per acquisition, a rough proxy for the size of business changing hands.
Service Establishment Equipment and Supplies Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $351K | $351,000 | |
| FY2019 | 2 | $3.7M | $1,830,600 | |
| FY2020 | 5 | $5.5M | $1,000,000 | |
| FY2021 | 5 | $2M | $290,700 | |
| FY2022 | 1 | $500K | $500,000 | |
| FY2023 | 4 | $3.8M | $953,000 | |
| FY2024 | 5 | $7.7M | $1,300,000 | |
| FY2025 | 7 | $8.3M | $870,000 | |
| FY2026 | 5 | $3.7M | $750,000 |
How often do these acquisition loans fail?
Fewer than 20 Service Establishment Equipment and Supplies 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 4 | 11.4% | $2.5M | |
| 2 | Texas | 3 | 8.6% | $8.1M | |
| 3 | Missouri | 3 | 8.6% | $5.7M | |
| 4 | California | 3 | 8.6% | $2.5M | |
| 5 | New York | 3 | 8.6% | $1.5M | |
| 6 | Florida | 3 | 8.6% | $1.1M | |
| 7 | Illinois | 2 | 5.7% | $2.5M | |
| 8 | Colorado | 2 | 5.7% | $1.9M | |
| 9 | Maryland | 2 | 5.7% | $1.7M | |
| 10 | New Jersey | 2 | 5.7% | $1.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 20.0% | $4.9M | |
| 2 | Manufacturers and Traders Trust Company | 3 | 8.6% | $1.5M | |
| 3 | Midwest Regional Bank | 2 | 5.7% | $3.6M | |
| 4 | Busey Bank | 2 | 5.7% | $2.5M | |
| 5 | Live Oak Banking Company | 2 | 5.7% | $1.9M | |
| 6 | City National Bank | 2 | 5.7% | $1.7M | |
| 7 | Fifth Third Bank | 1 | 2.9% | $3.6M | |
| 8 | CIBC Bank USA | 1 | 2.9% | $3.5M | |
| 9 | Great Plains State Bank | 1 | 2.9% | $1.9M | |
| 10 | Byline Bank | 1 | 2.9% | $1.3M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands in Service Establishment Equipment and Supplies Merchant Wholesalers
3% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | See The Trainer | 1 | 100.0% | $1.9M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Service Establishment Equipment and Supplies Merchant Wholesalers?
Median $847,900 across 35 acquisition loans (FY2018 to FY2026); the middle half ran $295,350 to $1,426,000. That is 31% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Service Establishment Equipment and Supplies Merchant Wholesalers acquisitions?
The Huntington National Bank (7), Manufacturers and Traders Trust Company (3), Midwest Regional Bank (2), Busey Bank (2), Live Oak Banking Company (2).
Are businesses in Service Establishment Equipment and Supplies Merchant Wholesalers often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Service Establishment Equipment and Supplies 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 Service Establishment Equipment and Supplies Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.03% 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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