General Automotive Repair acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 65 7(a) loans to buy an existing business classified as General Automotive Repair in Florida, totaling $62.9M. The median loan was $743,000. That is 1.8% of the 3,624 acquisition loans in Florida.
- Loans, FY2018-FY2026
- 65
- Median loan
- $743,000 (middle half $400,000 to $1,185,000)
- Top lender
- Live Oak Banking Company (23%, 15 loans)
- Charge-off, FY2018-FY2021 loans
- 17.4% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 9 (-10% vs FY2025)
SBA lenders approved 65 7(a) loans to buy a business classified as General Automotive Repair in Florida from FY2018-FY2026, with a median of $743,000 and a middle half of $400,000 to $1,185,000. Live Oak Banking Company made 23% of them. FY2026 had 9 loans, down 10% from FY2025.
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How General Automotive Repair in Florida compares
| Measure | General Automotive Repair in... | Florida, all industries | General Automotive Repair, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $743,000 | $751,700 | $562,500 | $645,250 |
| Middle half of loans | $400,000 to $1,185,000 | $350,000 to $1,584,250 | $300,000 to $1,077,400 | $283,000 to $1,465,000 |
| Average initial rate | 8.40% | 8.14% | 7.87% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 17.4% | 5.7% | 4.4% | 3.5% |
| Loans in sample | 65 | 3,624 | 1,089 | 48,902 |
The median for General Automotive Repair acquisition loans in Florida is $743,000, in line with the $751,700 median for all Florida acquisitions, above the $562,500 median for General Automotive Repair acquisitions nationwide and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $400,000 to $1,185,000, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 8.40%, above the 7.76% national average.
Seasoned loans were charged off at 17.4%, well above the 5.7% rate for all Florida acquisitions, well above the 4.4% rate for General Automotive Repair acquisitions nationwide and well above the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | General Automotive Repair in... | All acquisitions |
|---|---|---|
| Under $350K | 18% | 30% |
| $350K to under $1M | 46% | 33% |
| $1M to under $2M | 28% | 19% |
| $2M and over | 8% | 17% |
Most General Automotive Repair acquisition loans in Florida (65%) were under $1M, and the largest single band is $350K to under $1M at 46%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 23% of General Automotive Repair acquisition loans in Florida, and the top three lenders together made 37%. 6 of the 32 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 19 General Automotive Repair acquisition loans in Florida were approved. That is 12% more than the 17 approved in FY2023 and FY2024. The median was $1,021,000, above the $743,000 median across all years.
General Automotive Repair acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 8 | $5.2M | $510,500 | |
| FY2019 | 7 | $4.1M | $490,000 | |
| FY2020 | 6 | $4.1M | $527,250 | |
| FY2021 | 2 | $1.5M | $752,500 | |
| FY2022 | 6 | $4.3M | $706,500 | |
| FY2023 | 8 | $6.7M | $826,000 | |
| FY2024 | 9 | $11.3M | $856,000 | |
| FY2025 | 10 | $16.1M | $1,080,000 | |
| FY2026 | 9 | $9.5M | $1,021,000 |
How often do these acquisition loans fail?
Of the 23 General Automotive Repair in Florida acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 4 have been charged off by the SBA, a rate of 17.4% by loan count and 9.2% by dollars. 10 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 General Automotive Repair in Florida is 394% 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 15 | 23.1% | $20.2M | |
| 2 | SouthState Bank, National Association | 5 | 7.7% | $5.8M | |
| 3 | The Huntington National Bank | 4 | 6.2% | $1.9M | |
| 4 | Seacoast National Bank | 3 | 4.6% | $2.5M | |
| 5 | Midwest Regional Bank | 3 | 4.6% | $2.5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | AAMCO Transmissions and Total Car Care | 5 | 7.7% | $8M | |
| 2 | Tuffy Tire & Auto Service | 1 | 1.5% | $751K | |
| 3 | NAPA AutoCare | 1 | 1.5% | $743K | |
| 4 | Meineke Car Care Center | 1 | 1.5% | $522K | |
| 5 | Christian Brothers Automotive | 1 | 1.5% | $281K |
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Questions buyers ask
How much do SBA loans for General Automotive Repair acquisitions in Florida run?
The median SBA 7(a) loan was $743,000 across 65 loans (FY2018 to FY2026), with the middle half between $400,000 and $1,185,000. 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 General Automotive Repair acquisitions in Florida?
Live Oak Banking Company (15), SouthState Bank, National Association (5), The Huntington National Bank (4), Seacoast National Bank (3), Midwest Regional Bank (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do General Automotive Repair acquisition loans fail in Florida?
17.4% of 23 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 General Automotive Repair acquisitions in Florida?
10 of the 65 loans (15%) involved a franchise brand, most often AAMCO Transmissions and Total Car Care (5).
How much do you need down for an SBA loan to buy a General Automotive Repair business in Florida?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for General Automotive Repair acquisition loans in Florida was $743,000, and the middle half ran $400,000 to $1,185,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 19 General Automotive Repair acquisition loans in Florida in FY2025 and FY2026.
Which banks make SBA loans for a General Automotive Repair business in Florida?
By loan count, FY2018 to FY2026: Live Oak Banking Company (15), SouthState Bank, National Association (5), The Huntington National Bank (4), Seacoast National Bank (3), Midwest Regional Bank (3). Live Oak Banking Company made 23% of General Automotive Repair acquisition loans in Florida. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "General Automotive Repair in Florida: SBA acquisition loan data", https://sbaacquisitiondata.com/state/fl/general-automotive-repair-811111 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/fl/general-automotive-repair-811111.json.