Special Needs Transportation: SBA business acquisition loan data
36 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Special Needs Transportation (NAICS 485991), totaling $30.1M. Median loan $606,000, 6% lower 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 $1,133,900 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 #202 of 300 industries tracked.
- Geography. Florida leads with 6 loans; the top five states account for 58% of the industry's acquisitions.
- Jobs. Lenders reported 626 jobs supported across these loans, about 17.4 per acquisition, a rough proxy for the size of business changing hands.
Special Needs Transportation acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $245K | $245,000 | |
| FY2019 | 4 | $2.8M | $259,500 | |
| FY2020 | 5 | $4.5M | $650,000 | |
| FY2021 | 2 | $1.5M | $736,500 | |
| FY2022 | 1 | $1M | $1,048,000 | |
| FY2023 | 1 | $788K | $787,500 | |
| FY2024 | 5 | $5.1M | $495,000 | |
| FY2025 | 8 | $6.7M | $714,000 | |
| FY2026 | 9 | $7.4M | $630,000 |
How often do these acquisition loans fail?
Fewer than 20 Special Needs Transportation 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 6 | 16.7% | $5.8M | |
| 2 | California | 5 | 13.9% | $5.2M | |
| 3 | South Carolina | 4 | 11.1% | $2.1M | |
| 4 | Illinois | 3 | 8.3% | $5.2M | |
| 5 | Ohio | 3 | 8.3% | $1M | |
| 6 | Wisconsin | 2 | 5.6% | $1.9M | |
| 7 | Washington | 2 | 5.6% | $417K | |
| 8 | New York | 1 | 2.8% | $2M | |
| 9 | Virginia | 1 | 2.8% | $1.2M | |
| 10 | Massachusetts | 1 | 2.8% | $1.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First-Citizens Bank & Trust Company | 2 | 5.6% | $2.3M | |
| 2 | The Huntington National Bank | 2 | 5.6% | $1.4M | |
| 3 | Pathward National Association | 2 | 5.6% | $750K | |
| 4 | Peoples Bank | 2 | 5.6% | $588K | |
| 5 | Washington Trust Bank | 2 | 5.6% | $417K | |
| 6 | Merchants Bank of Indiana | 1 | 2.8% | $2.9M | |
| 7 | U.S. Bank, National Association | 1 | 2.8% | $2.2M | |
| 8 | Dime Commercial Bank | 1 | 2.8% | $2M | |
| 9 | Port 51 Lending LLC | 1 | 2.8% | $1.9M | |
| 10 | United FCU | 1 | 2.8% | $1.6M |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Special Needs Transportation?
Median $606,000 across 36 acquisition loans (FY2018 to FY2026); the middle half ran $398,000 to $1,133,900. That is 6% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Special Needs Transportation acquisitions?
First-Citizens Bank & Trust Company (2), The Huntington National Bank (2), Pathward National Association (2), Peoples Bank (2), Washington Trust Bank (2).
Are businesses in Special Needs Transportation 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 Special Needs Transportation?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Special Needs Transportation acquisitions?
Median term 10 years, average initial rate 8.34% 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.
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