Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Alabama: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in Alabama, totaling $9.3M. The median loan was $875,000. That is 2.1% of the 476 acquisition loans in Alabama.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
How this compares
The median Plumbing, Heating, and Air-Conditioning Contractors loan in Alabama is 11% higher than the $787,850 median for all Alabama acquisitions, and 19% higher than the $734,000 median for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide (921 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.5% of seasoned Plumbing, Heating, and Air-Conditioning Contractors acquisition loans were charged off, and 3.5% of seasoned Alabama acquisition loans of any type.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Alabama by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $1.1M | $1,100,000 | |
| FY2024 | 3 | $3M | $1,210,000 | |
| FY2025 | 3 | $3.8M | $750,000 | |
| FY2026 | 3 | $1.4M | $332,500 |
How often do these acquisition loans fail?
Fewer than 20 Plumbing, Heating, and Air-Conditioning Contractors in Alabama 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 lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 2 | 20.0% | $1.5M | |
| 2 | ServisFirst Bank | 2 | 20.0% | $1.4M | |
| 3 | American Momentum Bank | 2 | 20.0% | $1.1M | |
| 4 | Live Oak Banking Company | 2 | 20.0% | $1M | |
| 5 | The Huntington National Bank | 1 | 10.0% | $2.8M |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do SBA loans for Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Alabama run?
The median SBA 7(a) loan was $875,000 across 10 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Alabama?
United Midwest Savings Bank National Association (2), ServisFirst Bank (2), American Momentum Bank (2), Live Oak Banking Company (2), The Huntington National Bank (1).
How often do Plumbing, Heating, and Air-Conditioning Contractors acquisition loans fail in Alabama?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Alabama?
None of the 10 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Alabama acquisitions
- Financing one? How to get an SBA loan to buy an HVAC company
- Plumbing, Heating, and Air-Conditioning Contractors nationally
- Plumbing, Heating, and Air-Conditioning Contractors in Florida
- Plumbing, Heating, and Air-Conditioning Contractors in Texas
- Plumbing, Heating, and Air-Conditioning Contractors in California
- Plumbing, Heating, and Air-Conditioning Contractors in Colorado
- Plumbing, Heating, and Air-Conditioning Contractors in Pennsylvania
- Plumbing, Heating, and Air-Conditioning Contractors in Wisconsin
- Plumbing, Heating, and Air-Conditioning Contractors in Illinois
- Plumbing, Heating, and Air-Conditioning Contractors in Michigan
- Hotels and Motels in Alabama
- Limited-Service Restaurants in Alabama
- Broilers and Other Meat Type Chicken Production in Alabama
- Insurance Agencies and Brokerages in Alabama
- Full-Service Restaurants in Alabama
- Pharmacies and Drug Retailers in Alabama
- General Automotive Repair in Alabama
Small samples move a lot: each loan in this combination is 10% of the count. Industry is the NAICS code the lender recorded. See the methodology.