General Automotive Repair acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 26 7(a) loans to buy an existing business classified as General Automotive Repair in Indiana, totaling $13.6M. The median loan was $339,100. That is 2.2% of the 1,158 acquisition loans in Indiana.
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How this compares
The median General Automotive Repair loan in Indiana is 35% lower than the $521,250 median for all Indiana acquisitions, and 40% lower 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 3.1% of seasoned Indiana acquisition loans of any type.
General Automotive Repair acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $339K | $169,350 | |
| FY2019 | 5 | $1.1M | $156,600 | |
| FY2020 | 3 | $1.3M | $328,200 | |
| FY2021 | 3 | $1.3M | $469,800 | |
| FY2022 | 1 | $351K | $351,300 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $1.6M | $787,500 | |
| FY2025 | 1 | $1.7M | $1,740,000 | |
| FY2026 | 9 | $5.9M | $732,800 |
How often do these acquisition loans fail?
Fewer than 20 General Automotive Repair in Indiana 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 | Citizens State Bank of New Castle | 3 | 11.5% | $2.8M | |
| 2 | Old National Bank | 3 | 11.5% | $1.9M | |
| 3 | First Merchants Bank | 3 | 11.5% | $344K | |
| 4 | Live Oak Banking Company | 2 | 7.7% | $2.1M | |
| 5 | First Financial Bank | 2 | 7.7% | $2M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | NAPA AutoCare | 1 | 3.8% | $1.7M | |
| 2 | Big O Tires | 1 | 3.8% | $839K | |
| 3 | Midas | 1 | 3.8% | $194K |
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 Indiana run?
The median SBA 7(a) loan was $339,100 across 26 loans (FY2018 to FY2026), with the middle half between $157,700 and $812,300. 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 Indiana?
Citizens State Bank of New Castle (3), Old National Bank (3), First Merchants Bank (3), Live Oak Banking Company (2), First Financial Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do General Automotive Repair acquisition loans fail in Indiana?
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 Indiana?
3 of the 26 loans (12%) involved a franchise brand, most often NAPA AutoCare (1).
The purchase agreement decides what you bought, not the loan approval.
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.