SBA Acquisition Data

All Other Professional, Scientific, and Technical Services acquisitions in Florida: SBA loan data

Since FY2018, SBA lenders have approved 38 7(a) loans to buy an existing business classified as All Other Professional, Scientific, and Technical Services in Florida, totaling $38.2M. The median loan was $592,500. That is 1.0% of the 3,624 acquisition loans in Florida.

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acquisition loans
38
FY2018 to FY2026
total approved
$38.2M
gross loan amount
median loan
$592,500
middle half: $263K to $1.2M
avg initial rate
8.67%
at approval, mixed years
median term
10 years
120 months

How this compares

The median All Other Professional, Scientific, and Technical Services loan in Florida is 21% lower than the $751,700 median for all Florida acquisitions, and 7% lower than the $639,900 median for All Other Professional, Scientific, and Technical Services acquisitions nationwide (379 loans).

This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 1.5% of seasoned All Other Professional, Scientific, and Technical Services acquisition loans were charged off, and 5.7% of seasoned Florida acquisition loans of any type.

All Other Professional, Scientific, and Technical Services acquisition loans in Florida by year

All Other Professional, Scientific, and Technical Services in Florida: SBA acquisition loans by fiscal year. SBA fiscal years run October 1 to September 30.
Fiscal yearLoansTotal approvedMedian loan
FY2018 1
$675K $675,200
FY2019 5
$7M $325,600
FY2020 4
$4.3M $1,158,500
FY2021 2
$677K $338,650
FY2022 0
$0 -
FY2023 5
$5.3M $545,000
FY2024 7
$4.9M $342,500
FY2025 4
$5.1M $551,500
FY2026 10
$10.2M $720,500

How often do these acquisition loans fail?

Fewer than 20 All Other Professional, Scientific, and Technical Services in Florida 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 lenders

Lender ranked by SBA acquisition loans
#LenderLoansShareDollars
1The Huntington National Bank6
15.8%$2.9M
2Live Oak Banking Company4
10.5%$8.4M
3Northwest Bank2
5.3%$3.9M
4Valley National Bank2
5.3%$2.8M
5Customers Bank2
5.3%$2.4M

Top franchise brands

Franchise ranked by SBA acquisition loans
#FranchiseLoansShareDollars
1Garage Living2
5.3%$1.1M
2Painting With A Twist1
2.6%$164K
3Pillar To Post1
2.6%$117K
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Questions buyers ask

How much do SBA loans for All Other Professional, Scientific, and Technical Services acquisitions in Florida run?

The median SBA 7(a) loan was $592,500 across 38 loans (FY2018 to FY2026), with the middle half between $262,575 and $1,222,750. 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 All Other Professional, Scientific, and Technical Services acquisitions in Florida?

The Huntington National Bank (6), Live Oak Banking Company (4), Northwest Bank (2), Valley National Bank (2), Customers Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.

How often do All Other Professional, Scientific, and Technical Services acquisition loans fail in Florida?

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 All Other Professional, Scientific, and Technical Services acquisitions in Florida?

5 of the 38 loans (13%) involved a franchise brand, most often Garage Living (2).

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Related

Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.