Sheet Metal Work Manufacturing: SBA business acquisition loan data
42 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Sheet Metal Work Manufacturing (NAICS 332322), totaling $68.4M. Median loan $988,500, 53% 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 $2,305,300 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 #183 of 300 industries tracked.
- Geography. Alabama leads with 4 loans; the top five states account for 43% of the industry's acquisitions.
- Jobs. Lenders reported 817 jobs supported across these loans, about 19.5 per acquisition, a rough proxy for the size of business changing hands.
Sheet Metal Work Manufacturing acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $6.3M | $1,514,200 | |
| FY2019 | 10 | $11.8M | $557,500 | |
| FY2020 | 4 | $6.8M | $1,560,000 | |
| FY2021 | 5 | $7.9M | $550,000 | |
| FY2022 | 3 | $5.6M | $1,583,200 | |
| FY2023 | 3 | $3.5M | $952,100 | |
| FY2024 | 3 | $3.3M | $1,000,000 | |
| FY2025 | 2 | $2.4M | $1,216,900 | |
| FY2026 | 8 | $20.7M | $2,675,500 |
How often do these acquisition loans fail?
Of the 23 Sheet Metal Work Manufacturing 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. 14 have already been paid in full.
For comparison, Sheet Metal Work Manufacturing 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Alabama | 4 | 9.5% | $8.5M | |
| 2 | New York | 4 | 9.5% | $6.5M | |
| 3 | Idaho | 4 | 9.5% | $5M | |
| 4 | Washington | 3 | 7.1% | $8.1M | |
| 5 | Wisconsin | 3 | 7.1% | $5.7M | |
| 6 | Illinois | 3 | 7.1% | $2M | |
| 7 | Georgia | 2 | 4.8% | $4.6M | |
| 8 | Pennsylvania | 2 | 4.8% | $4.3M | |
| 9 | Florida | 2 | 4.8% | $3.3M | |
| 10 | Texas | 2 | 4.8% | $2.6M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Regions Bank | 5 | 11.9% | $8M | |
| 2 | Zions Bancorporation, National Association | 3 | 7.1% | $3.3M | |
| 3 | Manufacturers and Traders Trust Company | 2 | 4.8% | $5.9M | |
| 4 | Fulton Bank, National Association | 2 | 4.8% | $5.1M | |
| 5 | Bank of America, National Association | 2 | 4.8% | $5.1M | |
| 6 | The Huntington National Bank | 2 | 4.8% | $1.9M | |
| 7 | Associated Bank National Association | 2 | 4.8% | $1.9M | |
| 8 | The Canandaigua National Bank and Trust Company | 2 | 4.8% | $1.4M | |
| 9 | Heritage Bank | 1 | 2.4% | $5M | |
| 10 | Bank First, N.A. | 1 | 2.4% | $3.8M |
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 Sheet Metal Work Manufacturing?
Median $988,500 across 42 acquisition loans (FY2018 to FY2026); the middle half ran $542,500 to $2,305,300. That is 53% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Sheet Metal Work Manufacturing acquisitions?
Regions Bank (5), Zions Bancorporation, National Association (3), Manufacturers and Traders Trust Company (2), Fulton Bank, National Association (2), Bank of America, National Association (2).
Are businesses in Sheet Metal Work Manufacturing 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 Sheet Metal Work Manufacturing?
Of 23 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Sheet Metal Work Manufacturing acquisitions?
Median term 10 years, average initial rate 7.00% 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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