Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers: SBA business acquisition loan data
38 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers (NAICS 459991), totaling $21.5M. Median loan $401,250, 38% lower than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
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 $650,750 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 #195 of 300 industries tracked.
- Geography. Washington leads with 10 loans; the top five states account for 66% of the industry's acquisitions.
- Jobs. Lenders reported 212 jobs supported across these loans, about 5.6 per acquisition, a rough proxy for the size of business changing hands.
Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $446K | $446,000 | |
| FY2019 | 5 | $1.2M | $304,700 | |
| FY2020 | 3 | $1.7M | $385,000 | |
| FY2021 | 2 | $1.9M | $931,500 | |
| FY2022 | 5 | $4.5M | $300,000 | |
| FY2023 | 6 | $2.5M | $395,250 | |
| FY2024 | 5 | $2.8M | $435,000 | |
| FY2025 | 6 | $3.7M | $600,000 | |
| FY2026 | 5 | $2.8M | $563,000 |
How often do these acquisition loans fail?
Fewer than 20 Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers 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.
Request Engagement AssessmentAll 50 states. Free consultation.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 10 | 26.3% | $4.8M | |
| 2 | California | 9 | 23.7% | $3M | |
| 3 | Illinois | 2 | 5.3% | $1.3M | |
| 4 | Texas | 2 | 5.3% | $1.3M | |
| 5 | Wisconsin | 2 | 5.3% | $1M | |
| 6 | Iowa | 2 | 5.3% | $211K | |
| 7 | North Carolina | 1 | 2.6% | $3.6M | |
| 8 | Indiana | 1 | 2.6% | $1.3M | |
| 9 | Minnesota | 1 | 2.6% | $1.1M | |
| 10 | Missouri | 1 | 2.6% | $842K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Commonwealth Business Bank | 4 | 10.5% | $1.4M | |
| 2 | East West Bank | 3 | 7.9% | $1.3M | |
| 3 | Hanmi Bank | 3 | 7.9% | $948K | |
| 4 | The Huntington National Bank | 2 | 5.3% | $1M | |
| 5 | Byline Bank | 2 | 5.3% | $1M | |
| 6 | Customers Bank | 1 | 2.6% | $3.6M | |
| 7 | Centier Bank | 1 | 2.6% | $1.3M | |
| 8 | BMO Bank National Association | 1 | 2.6% | $1.2M | |
| 9 | Pathward National Association | 1 | 2.6% | $1.1M | |
| 10 | Open Bank | 1 | 2.6% | $980K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much is a typical SBA loan to buy a business in Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers?
Median $401,250 across 38 acquisition loans (FY2018 to FY2026); the middle half ran $346,500 to $650,750. That is 38% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers acquisitions?
Commonwealth Business Bank (4), East West Bank (3), Hanmi Bank (3), The Huntington National Bank (2), Byline Bank (2).
Are businesses in Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers 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 Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers acquisitions?
Median term 10 years, average initial rate 8.39% 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