SBA loans in Idaho: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 436 7(a) loans to buy an existing business in Idaho, totaling $420M. The median loan was $563,000, 13% lower than the $645,250 national median for SBA-financed acquisitions.
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SBA lenders in Idaho
The lenders that made the most SBA 7(a) acquisition loans in Idaho, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Idaho Central CU | 72 | 16.5% | $63.1M | |
| 2 | Glacier Bank | 70 | 16.1% | $52.7M | |
| 3 | Zions Bancorporation, National Association | 38 | 8.7% | $24.5M | |
| 4 | Washington Trust Bank | 24 | 5.5% | $15.3M | |
| 5 | Live Oak Banking Company | 20 | 4.6% | $28.8M | |
| 6 | Northwest Bank | 16 | 3.7% | $8.4M | |
| 7 | The Bank of Commerce | 12 | 2.8% | $4.6M | |
| 8 | Columbia Bank | 10 | 2.3% | $15.1M | |
| 9 | First Interstate Bank | 9 | 2.1% | $15.5M | |
| 10 | America First Federal Credit Union | 9 | 2.1% | $10.5M |
What this tells a buyer
- Deal size band. Half of Idaho acquisition loans fell between $264,925 and $1,183,875. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. Idaho accounts for 0.9% of all SBA acquisition loans and ranks number 31 of 54 states and territories by count.
- Industry concentration. Full-Service Restaurants is the most financed business type here (21 loans, 5% of the state). The top three industries together are 11%.
- Lender concentration. Idaho Central CU made 17% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 16% of acquisition loans in Idaho involved a franchised brand; the most frequent is ServiceMaster (3 loans).
Idaho acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 33 | $25.8M | $264,700 | |
| FY2019 | 35 | $29.6M | $350,000 | |
| FY2020 | 33 | $23.1M | $403,500 | |
| FY2021 | 58 | $67.1M | $710,000 | |
| FY2022 | 61 | $60.1M | $600,000 | |
| FY2023 | 48 | $44.1M | $630,150 | |
| FY2024 | 54 | $47.2M | $547,800 | |
| FY2025 | 57 | $56.9M | $519,500 | |
| FY2026 | 57 | $66.1M | $805,000 |
How often do these acquisition loans fail?
Of the 159 Idaho acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 1.3% by loan count and 0.3% by dollars. 97 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 Idaho is 64% lower 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 industries in Idaho
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 21 | 4.8% | $16.4M | |
| 2 | General Automotive Repair | 16 | 3.7% | $11.7M | |
| 3 | Limited-Service Restaurants | 13 | 3.0% | $7.2M | |
| 4 | Hotels (except Casino Hotels) and Motels | 11 | 2.5% | $44.8M | |
| 5 | Gasoline Stations with Convenience Stores | 11 | 2.5% | $17.5M | |
| 6 | Child Care Services | 10 | 2.3% | $4.1M | |
| 7 | Landscaping Services | 9 | 2.1% | $10M | |
| 8 | Plumbing, Heating, and Air-Conditioning Contractors | 9 | 2.1% | $6.5M | |
| 9 | Snack and Nonalcoholic Beverage Bars | 9 | 2.1% | $6.2M | |
| 10 | Pharmacies and Drug Retailers | 8 | 1.8% | $10.8M |
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Franchise brands bought in Idaho
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | ServiceMaster | 3 | 0.7% | $3.2M | |
| 2 | Big O Tires | 3 | 0.7% | $2.4M | |
| 3 | The UPS Store | 3 | 0.7% | $2.2M | |
| 4 | Subway | 3 | 0.7% | $1.4M | |
| 5 | Super 8 | 2 | 0.5% | $10M | |
| 6 | Sleep Inn | 2 | 0.5% | $8M | |
| 7 | Christensen Inc. | 2 | 0.5% | $2.8M | |
| 8 | Jackson Food Stores | 2 | 0.5% | $2.8M | |
| 9 | Crumbl | 2 | 0.5% | $2.2M | |
| 10 | Radiant Waxing | 2 | 0.5% | $1.9M | |
| 11 | Great Harvest | 2 | 0.5% | $1.4M | |
| 12 | Aussie Pet Mobile | 2 | 0.5% | $1.2M | |
| 13 | Anytime Fitness | 2 | 0.5% | $630K | |
| 14 | CertaPro Painters | 2 | 0.5% | $505K | |
| 15 | Signs by Tomorrow | 2 | 0.5% | $431K |
Acquisitions by industry in Idaho
The 6 industries with the most acquisition loans in Idaho (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Full-Service Restaurants | 21 | $506,400 | n/a |
| General Automotive Repair | 16 | $631,250 | n/a |
| Limited-Service Restaurants | 13 | $540,600 | n/a |
| Hotels and Motels | 11 | $4,400,000 | n/a |
| Gasoline Stations with Convenience Stores | 11 | $1,682,000 | n/a |
| Child Care Services | 10 | $350,000 | n/a |
Questions buyers ask
How much do buyers borrow to buy a business in Idaho?
The median SBA 7(a) acquisition loan in Idaho was $563,000 across 436 loans (FY2018 to FY2026), 13% lower than the $645,250 national median. The middle half of loans ran from $264,925 to $1,183,875. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.
Which banks make the most SBA acquisition loans in Idaho?
Idaho Central CU (72), Glacier Bank (70), Zions Bancorporation, National Association (38), Washington Trust Bank (24), Live Oak Banking Company (20). Idaho Central CU alone accounts for 17% of Idaho acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Idaho?
Full-Service Restaurants (21), General Automotive Repair (16), Limited-Service Restaurants (13), Hotels (except Casino Hotels) and Motels (11), Gasoline Stations with Convenience Stores (11). The top three industries make up 11% of the state's acquisition loans.
How often do SBA acquisition loans fail in Idaho?
In the seasoned cohort (FY2018 to FY2021), among 159 Idaho acquisition loans: 1.3% charged off, 64% lower than the 3.5% national acquisition average.
How does Idaho compare with other states?
Idaho ranks number 31 of 54 states and territories by acquisition loan count, with 0.9% of national volume (436 of 48,902 loans) and $420M approved. Browse the full state ranking.
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Related
- Full-Service Restaurants nationally
- General Automotive Repair nationally
- Limited-Service Restaurants nationally
- Idaho Central CU
- Glacier Bank
- Zions Bancorporation, National Association
- All states
- Buyer's guide to the data
State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.