Site Preparation Contractors: SBA business acquisition loan data
156 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Site Preparation Contractors (NAICS 238910), totaling $214M. Median loan $897,900, 39% higher than the all-acquisition median. Annual volume rose 33% from FY2024 to FY2026.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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 $1,966,250 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.3% of all SBA-financed business purchases, ranking #62 of 300 industries tracked.
- Geography. Colorado leads with 10 loans; the top five states account for 29% of the industry's acquisitions.
- Jobs. Lenders reported 2,698 jobs supported across these loans, about 17.3 per acquisition, a rough proxy for the size of business changing hands.
Site Preparation Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $10.6M | $481,500 | |
| FY2019 | 21 | $29.4M | $850,000 | |
| FY2020 | 13 | $20.2M | $682,000 | |
| FY2021 | 24 | $31.6M | $1,055,050 | |
| FY2022 | 13 | $17M | $829,300 | |
| FY2023 | 12 | $13.6M | $607,500 | |
| FY2024 | 15 | $18.4M | $1,200,000 | |
| FY2025 | 29 | $41.2M | $1,015,200 | |
| FY2026 | 20 | $32.3M | $1,368,850 |
How often do these acquisition loans fail?
Of the 67 Site Preparation Contractors acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 4.5% by loan count and 3.5% by dollars. 36 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Site Preparation Contractors is 27% higher than the acquisition-loan average. 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Colorado | 10 | 6.4% | $17.6M | |
| 2 | New York | 10 | 6.4% | $13.5M | |
| 3 | Massachusetts | 10 | 6.4% | $10.7M | |
| 4 | Texas | 8 | 5.1% | $14.1M | |
| 5 | Washington | 8 | 5.1% | $11.4M | |
| 6 | Missouri | 8 | 5.1% | $9M | |
| 7 | Ohio | 8 | 5.1% | $4.8M | |
| 8 | New Jersey | 7 | 4.5% | $14.9M | |
| 9 | Florida | 7 | 4.5% | $11.5M | |
| 10 | California | 7 | 4.5% | $9.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 14 | 9.0% | $28M | |
| 2 | The Huntington National Bank | 11 | 7.1% | $14.3M | |
| 3 | Old National Bank | 6 | 3.8% | $7.3M | |
| 4 | Columbia Bank | 4 | 2.6% | $8.4M | |
| 5 | T Bank, National Association | 4 | 2.6% | $6.9M | |
| 6 | Pathward National Association | 3 | 1.9% | $8.4M | |
| 7 | First-Citizens Bank & Trust Company | 3 | 1.9% | $6.3M | |
| 8 | Rockland Trust Company | 3 | 1.9% | $4.5M | |
| 9 | BMO Bank National Association | 3 | 1.9% | $3.7M | |
| 10 | Byline Bank | 3 | 1.9% | $2.6M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands in Site Preparation Contractors
1% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Mr. Handyman | 1 | 100.0% | $500K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Site Preparation Contractors?
Median $897,900 across 156 acquisition loans (FY2018 to FY2026); the middle half ran $350,000 to $1,966,250. That is 39% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Site Preparation Contractors acquisitions?
Live Oak Banking Company (14), The Huntington National Bank (11), Old National Bank (6), Columbia Bank (4), T Bank, National Association (4).
Are businesses in Site Preparation Contractors 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 Site Preparation Contractors?
Of 67 seasoned loans (FY2018 to FY2021), 4.5% charged off, 27% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Site Preparation Contractors acquisitions?
Median term 10 years, average initial rate 7.72% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options