Tile and Terrazzo Contractors: SBA business acquisition loan data
26 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Tile and Terrazzo Contractors (NAICS 238340), totaling $22.3M. Median loan $659,350, in line with 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 $948,525 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 #250 of 300 industries tracked.
- Geography. California leads with 5 loans; the top five states account for 54% of the industry's acquisitions.
- Jobs. Lenders reported 380 jobs supported across these loans, about 14.6 per acquisition, a rough proxy for the size of business changing hands.
Tile and Terrazzo Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.3M | $672,650 | |
| FY2019 | 1 | $194K | $193,900 | |
| FY2020 | 3 | $3.4M | $1,049,500 | |
| FY2021 | 4 | $2.7M | $750,000 | |
| FY2022 | 2 | $1.2M | $575,000 | |
| FY2023 | 1 | $631K | $630,700 | |
| FY2024 | 4 | $2.7M | $400,600 | |
| FY2025 | 5 | $7.2M | $730,000 | |
| FY2026 | 4 | $2.9M | $460,550 |
How often do these acquisition loans fail?
Fewer than 20 Tile and Terrazzo 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 | 4 | 15.4% | $1.7M | |
| 2 | First Internet Bank of Indiana | 3 | 11.5% | $4.6M | |
| 3 | First National Bank of Pennsylvania | 3 | 11.5% | $3.3M | |
| 4 | Summit CU | 2 | 7.7% | $2.2M | |
| 5 | Celtic Bank Corporation | 2 | 7.7% | $994K | |
| 6 | Heritage Bank Inc | 1 | 3.8% | $1.8M | |
| 7 | First Interstate Bank | 1 | 3.8% | $1.7M | |
| 8 | North State Bank | 1 | 3.8% | $1M | |
| 9 | Zions Bancorporation, National Association | 1 | 3.8% | $955K | |
| 10 | Fifth Third Bank | 1 | 3.8% | $930K |
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Questions buyers ask
How much is a typical SBA loan to buy a business in Tile and Terrazzo Contractors?
Median $659,350 across 26 acquisition loans (FY2018 to FY2026); the middle half ran $316,100 to $948,525. That is in line with the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Tile and Terrazzo Contractors acquisitions?
The Huntington National Bank (4), First Internet Bank of Indiana (3), First National Bank of Pennsylvania (3), Summit CU (2), Celtic Bank Corporation (2).
Are businesses in Tile and Terrazzo Contractors often franchised?
Sometimes. 8% of SBA acquisition loans in this industry financed a franchised unit. Top brands: .
How risky are SBA loans for buying a business in Tile and Terrazzo 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 Tile and Terrazzo Contractors acquisitions?
Median term 10 years, average initial rate 7.99% 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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