General Automotive Repair acquisitions in Kansas: SBA loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing business classified as General Automotive Repair in Kansas, totaling $11.9M. The median loan was $601,900. That is 2.6% of the 531 acquisition loans in Kansas.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How this compares
The median General Automotive Repair loan in Kansas is 6% higher than the $565,500 median for all Kansas acquisitions, and 7% 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 4.9% of seasoned Kansas acquisition loans of any type.
General Automotive Repair acquisition loans in Kansas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.9M | $934,250 | |
| FY2019 | 1 | $600K | $600,000 | |
| FY2020 | 3 | $1.1M | $334,600 | |
| FY2021 | 2 | $1.5M | $741,200 | |
| FY2022 | 3 | $2.2M | $603,800 | |
| FY2023 | 1 | $554K | $553,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.1M | $1,105,000 | |
| FY2026 | 1 | $3M | $3,017,100 |
How often do these acquisition loans fail?
Fewer than 20 General Automotive Repair in Kansas 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CommunityAmerica Federal Credit Union | 2 | 14.3% | $4.1M | |
| 2 | Core Bank | 2 | 14.3% | $1.9M | |
| 3 | Community Bank | 2 | 14.3% | $679K | |
| 4 | Port 51 Lending LLC | 1 | 7.1% | $1.5M | |
| 5 | Dream First Bank National Association | 1 | 7.1% | $1.1M |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for General Automotive Repair acquisitions in Kansas run?
The median SBA 7(a) loan was $601,900 across 14 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 Kansas?
CommunityAmerica Federal Credit Union (2), Core Bank (2), Community Bank (2), Port 51 Lending LLC (1), Dream First Bank National Association (1).
How often do General Automotive Repair acquisition loans fail in Kansas?
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 Kansas?
None of the 14 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Kansas 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
- Hotels and Motels in Kansas
- Full-Service Restaurants in Kansas
- Beer, Wine, and Liquor Retailers in Kansas
- Limited-Service Restaurants in Kansas
- Landscaping Services in Kansas
- Child Care Services in Kansas
- Fitness and Recreational Sports Centers in Kansas
- Gasoline Stations with Convenience Stores in Kansas
Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.