Wood Kitchen Cabinet and Countertop Manufacturing: SBA business acquisition loan data
116 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Wood Kitchen Cabinet and Countertop Manufacturing (NAICS 337110), totaling $153M. Median loan $979,450, 52% higher than 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 $1,664,775 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #80 of 300 industries tracked.
- Geography. Florida leads with 12 loans; the top five states account for 37% of the industry's acquisitions.
- Jobs. Lenders reported 2,320 jobs supported across these loans, about 20.0 per acquisition, a rough proxy for the size of business changing hands.
Wood Kitchen Cabinet and Countertop Manufacturing acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $10.6M | $827,500 | |
| FY2019 | 12 | $12.3M | $972,500 | |
| FY2020 | 11 | $13.1M | $805,600 | |
| FY2021 | 12 | $22.3M | $1,338,750 | |
| FY2022 | 11 | $15.9M | $1,200,000 | |
| FY2023 | 15 | $18.1M | $977,900 | |
| FY2024 | 13 | $16.5M | $791,000 | |
| FY2025 | 20 | $24.2M | $985,000 | |
| FY2026 | 13 | $20.3M | $1,125,000 |
How often do these acquisition loans fail?
Of the 44 Wood Kitchen Cabinet and Countertop Manufacturing acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 4.5% by loan count and 3.4% by dollars. 20 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Wood Kitchen Cabinet and Countertop Manufacturing is 29% higher than the acquisition-loan average. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 12 | 10.3% | $13.1M | |
| 2 | Minnesota | 9 | 7.8% | $9.8M | |
| 3 | Texas | 8 | 6.9% | $18.3M | |
| 4 | Arizona | 7 | 6.0% | $12.2M | |
| 5 | Washington | 7 | 6.0% | $9.9M | |
| 6 | California | 7 | 6.0% | $7.4M | |
| 7 | Indiana | 6 | 5.2% | $7.6M | |
| 8 | North Carolina | 5 | 4.3% | $8.3M | |
| 9 | Wisconsin | 5 | 4.3% | $4.6M | |
| 10 | Utah | 4 | 3.4% | $7.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 8 | 6.9% | $17.7M | |
| 2 | Beacon Bank and Trust | 7 | 6.0% | $10.4M | |
| 3 | The Huntington National Bank | 6 | 5.2% | $9.7M | |
| 4 | Old National Bank | 6 | 5.2% | $6.9M | |
| 5 | Pinnacle Bank | 5 | 4.3% | $8M | |
| 6 | Pathward National Association | 4 | 3.4% | $7.9M | |
| 7 | Bell Bank | 4 | 3.4% | $3.6M | |
| 8 | Idaho Central CU | 3 | 2.6% | $4.6M | |
| 9 | Byline Bank | 2 | 1.7% | $6M | |
| 10 | Mechanics Bank | 2 | 1.7% | $4.3M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands in Wood Kitchen Cabinet and Countertop Manufacturing
4% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Closet Factory | 4 | 80.0% | $3.2M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Wood Kitchen Cabinet and Countertop Manufacturing?
Median $979,450 across 116 acquisition loans (FY2018 to FY2026); the middle half ran $412,750 to $1,664,775. That is 52% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Wood Kitchen Cabinet and Countertop Manufacturing acquisitions?
Live Oak Banking Company (8), Beacon Bank and Trust (7), The Huntington National Bank (6), Old National Bank (6), Pinnacle Bank (5).
Are businesses in Wood Kitchen Cabinet and Countertop Manufacturing 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 Wood Kitchen Cabinet and Countertop Manufacturing?
Of 44 seasoned loans (FY2018 to FY2021), 4.5% charged off, 29% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Wood Kitchen Cabinet and Countertop Manufacturing acquisitions?
Median term 10 years, average initial rate 7.82% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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