General Automotive Repair acquisitions in Idaho: SBA loan data
Since FY2018, SBA lenders have approved 16 7(a) loans to buy an existing business classified as General Automotive Repair in Idaho, totaling $11.7M. The median loan was $631,250. That is 3.7% of the 436 acquisition loans in Idaho.
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How this compares
The median General Automotive Repair loan in Idaho is 12% higher than the $563,000 median for all Idaho acquisitions, and 12% higher than the $562,500 median for General Automotive Repair acquisitions nationwide (1,089 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.4% of seasoned General Automotive Repair acquisition loans were charged off, and 1.3% of seasoned Idaho acquisition loans of any type.
General Automotive Repair acquisition loans in Idaho by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $626K | $626,200 | |
| FY2019 | 1 | $300K | $300,000 | |
| FY2020 | 3 | $1M | $328,500 | |
| FY2021 | 2 | $1.2M | $607,500 | |
| FY2022 | 3 | $3.3M | $1,550,000 | |
| FY2023 | 2 | $1.3M | $664,200 | |
| FY2024 | 2 | $2.2M | $1,120,600 | |
| FY2025 | 1 | $1.3M | $1,250,000 | |
| FY2026 | 1 | $350K | $350,000 |
How often do these acquisition loans fail?
Fewer than 20 General Automotive Repair in Idaho 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 | Idaho Central CU | 3 | 18.8% | $4.4M | |
| 2 | Zions Bancorporation, National Association | 2 | 12.5% | $1M | |
| 3 | BayFirst National Bank | 2 | 12.5% | $926K | |
| 4 | Live Oak Banking Company | 2 | 12.5% | $695K | |
| 5 | Glacier Bank | 2 | 12.5% | $473K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | AAMCO Transmissions and Total Car Care | 1 | 6.3% | $350K | |
| 2 | Big O Tires | 1 | 6.3% | $345K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for General Automotive Repair acquisitions in Idaho run?
The median SBA 7(a) loan was $631,250 across 16 loans (FY2018 to FY2026). 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 Idaho?
Idaho Central CU (3), Zions Bancorporation, National Association (2), BayFirst National Bank (2), Live Oak Banking Company (2), Glacier Bank (2).
How often do General Automotive Repair acquisition loans fail in Idaho?
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 General Automotive Repair acquisitions in Idaho?
2 of the 16 loans (13%) involved a franchise brand, most often AAMCO Transmissions and Total Car Care (1).
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Idaho acquisitions
- Financing one? How to get an SBA loan to buy an auto repair shop
- General Automotive Repair nationally
- General Automotive Repair in California
- General Automotive Repair in Texas
- General Automotive Repair in Florida
- General Automotive Repair in Minnesota
- General Automotive Repair in Illinois
- General Automotive Repair in Colorado
- General Automotive Repair in Arizona
- General Automotive Repair in Washington
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.