Used Merchandise Retailers: SBA business acquisition loan data
59 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Used Merchandise Retailers (NAICS 459510), totaling $28.6M. Median loan $340,000, 47% lower than the all-acquisition median. 31% of these deals were franchised units.
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 $618,050 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 #150 of 300 industries tracked.
- Geography. Louisiana leads with 6 loans; the top five states account for 39% of the industry's acquisitions.
- Jobs. Lenders reported 476 jobs supported across these loans, about 8.1 per acquisition, a rough proxy for the size of business changing hands.
Used Merchandise Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 8 | $1.7M | $154,750 | |
| FY2019 | 9 | $2M | $182,700 | |
| FY2020 | 4 | $1.8M | $306,500 | |
| FY2021 | 3 | $2.3M | $417,600 | |
| FY2022 | 4 | $1.8M | $428,250 | |
| FY2023 | 5 | $3.9M | $775,000 | |
| FY2024 | 5 | $2M | $355,000 | |
| FY2025 | 8 | $2.9M | $201,600 | |
| FY2026 | 13 | $10.2M | $366,000 |
How often do these acquisition loans fail?
Of the 24 Used Merchandise Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 13 have already been paid in full.
For comparison, Used Merchandise Retailers has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 5 | 8.5% | $1.7M | |
| 2 | Citizens Bank | 3 | 5.1% | $2.9M | |
| 3 | American Momentum Bank | 2 | 3.4% | $3.5M | |
| 4 | First Internet Bank of Indiana | 2 | 3.4% | $2.1M | |
| 5 | Byline Bank | 2 | 3.4% | $1.9M | |
| 6 | First Bank of the Lake | 2 | 3.4% | $1.2M | |
| 7 | Old National Bank | 2 | 3.4% | $1M | |
| 8 | Pinnacle Bank | 2 | 3.4% | $790K | |
| 9 | Hiawatha National Bank | 2 | 3.4% | $540K | |
| 10 | NBT Bank, National Association | 2 | 3.4% | $515K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in Used Merchandise Retailers
31% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Plato's Closet | 9 | 50.0% | $5.5M | |
| 2 | Once Upon A Child | 5 | 27.8% | $2.3M | |
| 3 | Play It Again Sports | 1 | 5.6% | $245K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Used Merchandise Retailers?
Median $340,000 across 59 acquisition loans (FY2018 to FY2026); the middle half ran $109,000 to $618,050. That is 47% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Used Merchandise Retailers acquisitions?
The Huntington National Bank (5), Citizens Bank (3), American Momentum Bank (2), First Internet Bank of Indiana (2), Byline Bank (2).
Are businesses in Used Merchandise Retailers often franchised?
Yes, often. 31% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Plato's Closet, Once Upon A Child, Play It Again Sports.
How risky are SBA loans for buying a business in Used Merchandise Retailers?
Of 24 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Used Merchandise Retailers acquisitions?
Median term 10 years, average initial rate 8.07% 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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