Sporting and Recreational Goods and Supplies Merchant Wholesalers: SBA business acquisition loan data
45 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Sporting and Recreational Goods and Supplies Merchant Wholesalers (NAICS 423910), totaling $40M. Median loan $594,000, 8% 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 $1,156,200 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 #171 of 300 industries tracked.
- Geography. Texas leads with 4 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 554 jobs supported across these loans, about 12.3 per acquisition, a rough proxy for the size of business changing hands.
Sporting and Recreational Goods and Supplies Merchant Wholesalers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $2M | $612,000 | |
| FY2019 | 2 | $1.7M | $853,000 | |
| FY2020 | 5 | $6M | $1,281,000 | |
| FY2021 | 7 | $3.5M | $285,000 | |
| FY2022 | 1 | $2.3M | $2,325,000 | |
| FY2023 | 3 | $2.3M | $872,000 | |
| FY2024 | 7 | $4.8M | $500,000 | |
| FY2025 | 8 | $4.9M | $196,250 | |
| FY2026 | 8 | $12.5M | $769,500 |
How often do these acquisition loans fail?
Fewer than 20 Sporting and Recreational Goods and Supplies Merchant Wholesalers 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 4 | 8.9% | $7.1M | |
| 2 | Michigan | 4 | 8.9% | $4.8M | |
| 3 | North Carolina | 4 | 8.9% | $4M | |
| 4 | Pennsylvania | 4 | 8.9% | $1.6M | |
| 5 | Missouri | 3 | 6.7% | $1.2M | |
| 6 | Alabama | 2 | 4.4% | $5.4M | |
| 7 | Iowa | 2 | 4.4% | $2.5M | |
| 8 | California | 2 | 4.4% | $1.7M | |
| 9 | Colorado | 2 | 4.4% | $1.6M | |
| 10 | Massachusetts | 2 | 4.4% | $1.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4 | 8.9% | $2.4M | |
| 2 | Live Oak Banking Company | 3 | 6.7% | $2.3M | |
| 3 | First National Bank & Trust Co | 2 | 4.4% | $3.4M | |
| 4 | Pinnacle Bank | 2 | 4.4% | $3M | |
| 5 | Wells Fargo Bank National Association | 2 | 4.4% | $1.4M | |
| 6 | Cambridge Savings Bank | 2 | 4.4% | $1.3M | |
| 7 | Lincoln Savings Bank | 2 | 4.4% | $1.1M | |
| 8 | Customers Bank | 2 | 4.4% | $1M | |
| 9 | American Momentum Bank | 2 | 4.4% | $692K | |
| 10 | BayFirst National Bank | 2 | 4.4% | $378K |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Franchise brands in Sporting and Recreational Goods and Supplies Merchant Wholesalers
4% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Big Frog Custom T-Shirts & More | 2 | 100.0% | $378K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Sporting and Recreational Goods and Supplies Merchant Wholesalers?
Median $594,000 across 45 acquisition loans (FY2018 to FY2026); the middle half ran $190,000 to $1,156,200. That is 8% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Sporting and Recreational Goods and Supplies Merchant Wholesalers acquisitions?
The Huntington National Bank (4), Live Oak Banking Company (3), First National Bank & Trust Co (2), Pinnacle Bank (2), Wells Fargo Bank National Association (2).
Are businesses in Sporting and Recreational Goods and Supplies Merchant Wholesalers often franchised?
Rarely. Only 4% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Sporting and Recreational Goods and Supplies Merchant Wholesalers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Sporting and Recreational Goods and Supplies Merchant Wholesalers acquisitions?
Median term 10 years, average initial rate 8.09% 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.
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