Specialized Automotive Repair: SBA business acquisition loan data
34 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Specialized Automotive Repair (NAICS 811114), totaling $49.1M. Median loan $1,154,950, 79% higher than the all-acquisition median. 21% of these deals were franchised units.
The purchase agreement decides what you bought, not the loan approval.
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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 $2,084,000 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 #210 of 300 industries tracked.
- Geography. Colorado leads with 5 loans; the top five states account for 59% of the industry's acquisitions.
- Jobs. Lenders reported 298 jobs supported across these loans, about 8.8 per acquisition, a rough proxy for the size of business changing hands.
Specialized Automotive Repair acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $1.4M | $700,500 | |
| FY2023 | 7 | $12.5M | $905,000 | |
| FY2024 | 10 | $14.8M | $1,534,750 | |
| FY2025 | 6 | $8.4M | $1,199,950 | |
| FY2026 | 9 | $12M | $1,250,000 |
How often do these acquisition loans fail?
Fewer than 20 Specialized Automotive Repair 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Colorado | 5 | 14.7% | $6.6M | |
| 2 | Pennsylvania | 5 | 14.7% | $6.3M | |
| 3 | Washington | 4 | 11.8% | $3.4M | |
| 4 | Florida | 3 | 8.8% | $5.6M | |
| 5 | Texas | 3 | 8.8% | $4.8M | |
| 6 | North Carolina | 2 | 5.9% | $2.7M | |
| 7 | Minnesota | 2 | 5.9% | $1.2M | |
| 8 | Oregon | 1 | 2.9% | $5M | |
| 9 | North Dakota | 1 | 2.9% | $2.9M | |
| 10 | California | 1 | 2.9% | $2.8M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 5 | 14.7% | $7.9M | |
| 2 | Live Oak Banking Company | 4 | 11.8% | $8.6M | |
| 3 | Port 51 Lending LLC | 2 | 5.9% | $5.1M | |
| 4 | The Fidelity Bank | 2 | 5.9% | $2.7M | |
| 5 | Old National Bank | 2 | 5.9% | $1.2M | |
| 6 | Northwest Bank | 2 | 5.9% | $985K | |
| 7 | Alerus Financial, National Association | 1 | 2.9% | $2.9M | |
| 8 | Mission Bank | 1 | 2.9% | $2.8M | |
| 9 | The Huntington National Bank | 1 | 2.9% | $2.3M | |
| 10 | Merchants Bank of Indiana | 1 | 2.9% | $2.3M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Specialized Automotive Repair
21% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | AAMCO Transmissions and Total Car Care | 3 | 42.9% | $1.6M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Specialized Automotive Repair?
Median $1,154,950 across 34 acquisition loans (FY2018 to FY2026); the middle half ran $708,750 to $2,084,000. That is 79% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Specialized Automotive Repair acquisitions?
First Internet Bank of Indiana (5), Live Oak Banking Company (4), Port 51 Lending LLC (2), The Fidelity Bank (2), Old National Bank (2).
Are businesses in Specialized Automotive Repair often franchised?
Yes, often. 21% of SBA acquisition loans in this industry financed a franchised unit. Top brands: AAMCO Transmissions and Total Car Care.
How risky are SBA loans for buying a business in Specialized Automotive Repair?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Specialized Automotive Repair acquisitions?
Median term 10 years, average initial rate 9.30% 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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