Electrical Contractors and Other Wiring Installation Contractors acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 36 7(a) loans to buy an existing business classified as Electrical Contractors and Other Wiring Installation Contractors in Florida, totaling $46.7M. The median loan was $999,400. That is 1.0% of the 3,624 acquisition loans in Florida.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Electrical Contractors and Other Wiring Installation Contractors loan in Florida is 33% higher than the $751,700 median for all Florida acquisitions, and 22% higher than the $820,000 median for Electrical Contractors and Other Wiring Installation Contractors acquisitions nationwide (395 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.0% of seasoned Electrical Contractors and Other Wiring Installation Contractors acquisition loans were charged off, and 5.7% of seasoned Florida acquisition loans of any type.
Electrical Contractors and Other Wiring Installation Contractors acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.3M | $1,275,000 | |
| FY2019 | 2 | $1.6M | $779,000 | |
| FY2020 | 1 | $2.5M | $2,542,000 | |
| FY2021 | 5 | $8M | $1,017,900 | |
| FY2022 | 6 | $6.6M | $618,000 | |
| FY2023 | 4 | $4.4M | $1,050,150 | |
| FY2024 | 3 | $4.4M | $980,900 | |
| FY2025 | 7 | $8.8M | $1,451,000 | |
| FY2026 | 7 | $9.3M | $1,150,000 |
How often do these acquisition loans fail?
Fewer than 20 Electrical Contractors and Other Wiring Installation Contractors 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 | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 16.7% | $3.3M | |
| 2 | The Huntington National Bank | 4 | 11.1% | $4.2M | |
| 3 | TowneBank | 3 | 8.3% | $5.5M | |
| 4 | First Bank of the Lake | 3 | 8.3% | $4.4M | |
| 5 | Valley National Bank | 2 | 5.6% | $3.4M |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Electrical Contractors and Other Wiring Installation Contractors acquisitions in Florida run?
The median SBA 7(a) loan was $999,400 across 36 loans (FY2018 to FY2026), with the middle half between $495,000 and $1,764,000. 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 Electrical Contractors and Other Wiring Installation Contractors acquisitions in Florida?
Live Oak Banking Company (6), The Huntington National Bank (4), TowneBank (3), First Bank of the Lake (3), Valley National Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Electrical Contractors and Other Wiring Installation Contractors 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 Electrical Contractors and Other Wiring Installation Contractors acquisitions in Florida?
None of the 36 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
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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.