All Other Specialty Trade Contractors acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 135 7(a) loans to buy an existing business classified as All Other Specialty Trade Contractors in Florida, totaling $191M. The median loan was $868,000. That is 3.7% of the 3,624 acquisition loans in Florida.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median All Other Specialty Trade Contractors loan in Florida is 15% higher than the $751,700 median for all Florida acquisitions, and 29% higher than the $673,500 median for All Other Specialty Trade Contractors acquisitions nationwide (884 loans).
On losses, 8.3% of seasoned All Other Specialty Trade Contractors loans in Florida were charged off, 46% higher than the 5.7% rate for all Florida acquisitions, and 98% higher than the 4.2% rate for the industry nationally.
All Other Specialty Trade Contractors acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $8.1M | $2,128,000 | |
| FY2019 | 9 | $9.7M | $692,000 | |
| FY2020 | 7 | $9.2M | $1,417,500 | |
| FY2021 | 16 | $14.9M | $454,550 | |
| FY2022 | 11 | $21.3M | $2,526,000 | |
| FY2023 | 8 | $13.3M | $1,130,300 | |
| FY2024 | 25 | $35.2M | $846,000 | |
| FY2025 | 32 | $44.7M | $783,100 | |
| FY2026 | 23 | $34.2M | $891,000 |
How often do these acquisition loans fail?
Of the 36 All Other Specialty Trade Contractors in Florida acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 8.3% by loan count and 4.6% by dollars. 15 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 All Other Specialty Trade Contractors in Florida is 137% 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 35 | 25.9% | $44.9M | |
| 2 | Live Oak Banking Company | 20 | 14.8% | $35M | |
| 3 | First Internet Bank of Indiana | 14 | 10.4% | $16.7M | |
| 4 | Beacon Bank and Trust | 9 | 6.7% | $15.9M | |
| 5 | Climate First Bank | 4 | 3.0% | $5.1M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Mr. Handyman | 1 | 0.7% | $1M | |
| 2 | Garage Living | 1 | 0.7% | $833K |
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Questions buyers ask
How much do SBA loans for All Other Specialty Trade Contractors acquisitions in Florida run?
The median SBA 7(a) loan was $868,000 across 135 loans (FY2018 to FY2026), with the middle half between $350,000 and $2,140,250. 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 Specialty Trade Contractors acquisitions in Florida?
The Huntington National Bank (35), Live Oak Banking Company (20), First Internet Bank of Indiana (14), Beacon Bank and Trust (9), Climate First Bank (4). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do All Other Specialty Trade Contractors acquisition loans fail in Florida?
8.3% of 36 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of All Other Specialty Trade Contractors acquisitions in Florida?
7 of the 135 loans (5%) involved a franchise brand, most often Mr. Handyman (1).
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Related
- All Florida acquisitions
- All Other Specialty Trade Contractors nationally
- All Other Specialty Trade Contractors in Texas
- All Other Specialty Trade Contractors in California
- All Other Specialty Trade Contractors in Minnesota
- All Other Specialty Trade Contractors in North Carolina
- All Other Specialty Trade Contractors in Colorado
- All Other Specialty Trade Contractors in Pennsylvania
- All Other Specialty Trade Contractors in Washington
- All Other Specialty Trade Contractors in Illinois
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Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.