Other Services to Buildings and Dwellings acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 34 7(a) loans to buy an existing business classified as Other Services to Buildings and Dwellings in Florida, totaling $24.9M. The median loan was $506,500. That is 0.9% 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 Other Services to Buildings and Dwellings loan in Florida is 33% lower than the $751,700 median for all Florida acquisitions, and 27% higher than the $400,000 median for Other Services to Buildings and Dwellings acquisitions nationwide (249 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 6.6% of seasoned Other Services to Buildings and Dwellings acquisition loans were charged off, and 5.7% of seasoned Florida acquisition loans of any type.
Other Services to Buildings and Dwellings acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.2M | $305,000 | |
| FY2019 | 2 | $819K | $409,500 | |
| FY2020 | 3 | $2.1M | $336,500 | |
| FY2021 | 2 | $2.9M | $1,447,450 | |
| FY2022 | 1 | $624K | $623,600 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 6 | $6.3M | $1,127,500 | |
| FY2025 | 5 | $3.5M | $464,000 | |
| FY2026 | 11 | $7.4M | $548,000 |
How often do these acquisition loans fail?
Fewer than 20 Other Services to Buildings and Dwellings 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Stearns Bank National Association | 5 | 14.7% | $2.7M | |
| 2 | The Huntington National Bank | 3 | 8.8% | $3M | |
| 3 | Live Oak Banking Company | 3 | 8.8% | $1.4M | |
| 4 | First Internet Bank of Indiana | 2 | 5.9% | $3.2M | |
| 5 | First Bank of the Lake | 2 | 5.9% | $1.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 1 | 2.9% | $540K |
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Questions buyers ask
How much do SBA loans for Other Services to Buildings and Dwellings acquisitions in Florida run?
The median SBA 7(a) loan was $506,500 across 34 loans (FY2018 to FY2026), with the middle half between $338,625 and $936,750. 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 Other Services to Buildings and Dwellings acquisitions in Florida?
Stearns Bank National Association (5), The Huntington National Bank (3), Live Oak Banking Company (3), First Internet Bank of Indiana (2), First Bank of the Lake (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Other Services to Buildings and Dwellings 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 Other Services to Buildings and Dwellings acquisitions in Florida?
3 of the 34 loans (9%) involved a franchise brand, most often Servpro (1).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Florida acquisitions
- Other Services to Buildings and Dwellings nationally
- Other Services to Buildings and Dwellings in Arizona
- Full-Service Restaurants in Florida
- Child Care Services in Florida
- All Other Specialty Trade Contractors in Florida
- Landscaping Services in Florida
- Insurance Agencies and Brokerages in Florida
- Plumbing, Heating, and Air-Conditioning Contractors in Florida
- Hotels and Motels in Florida
- Limited-Service Restaurants in Florida
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.