Siding Contractors: SBA business acquisition loan data
34 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Siding Contractors (NAICS 238170), totaling $21.6M. Median loan $481,000, 25% 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 $846,250 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 #207 of 300 industries tracked.
- Geography. Virginia leads with 4 loans; the top five states account for 41% of the industry's acquisitions.
- Jobs. Lenders reported 287 jobs supported across these loans, about 8.4 per acquisition, a rough proxy for the size of business changing hands.
Siding Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 5 | $994K | $101,800 | |
| FY2020 | 4 | $2.1M | $224,350 | |
| FY2021 | 4 | $2.6M | $650,000 | |
| FY2022 | 4 | $2.1M | $614,250 | |
| FY2023 | 2 | $1.5M | $765,000 | |
| FY2024 | 3 | $2.5M | $1,050,900 | |
| FY2025 | 3 | $5.5M | $900,000 | |
| FY2026 | 9 | $4.4M | $368,000 |
How often do these acquisition loans fail?
Fewer than 20 Siding Contractors 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
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | 8.8% | $853K | |
| 2 | Manufacturers and Traders Trust Company | 2 | 5.9% | $4.8M | |
| 3 | First Internet Bank of Indiana | 2 | 5.9% | $1.6M | |
| 4 | Customers Bank | 2 | 5.9% | $1.5M | |
| 5 | Old National Bank | 2 | 5.9% | $1.3M | |
| 6 | Live Oak Banking Company | 2 | 5.9% | $850K | |
| 7 | Thomaston Savings Bank | 2 | 5.9% | $408K | |
| 8 | Community National Bank & Trust | 2 | 5.9% | $72K | |
| 9 | PNC Bank, National Association | 1 | 2.9% | $1.6M | |
| 10 | Beacon Bank and Trust | 1 | 2.9% | $1.2M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Siding Contractors?
Median $481,000 across 34 acquisition loans (FY2018 to FY2026); the middle half ran $150,000 to $846,250. That is 25% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Siding Contractors acquisitions?
The Huntington National Bank (3), Manufacturers and Traders Trust Company (2), First Internet Bank of Indiana (2), Customers Bank (2), Old National Bank (2).
Are businesses in Siding Contractors 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 Siding Contractors?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Siding Contractors acquisitions?
Median term 10 years, average initial rate 7.65% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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