Convenience Retailers acquisitions in Massachusetts: SBA loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing business classified as Convenience Retailers in Massachusetts, totaling $6.1M. The median loan was $240,000. That is 1.3% of the 963 acquisition loans in Massachusetts.
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How this compares
The median Convenience Retailers loan in Massachusetts is 41% lower than the $410,000 median for all Massachusetts acquisitions, and 53% lower than the $509,000 median for Convenience Retailers acquisitions nationwide (492 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.0% of seasoned Convenience Retailers acquisition loans were charged off, and 3.2% of seasoned Massachusetts acquisition loans of any type.
Convenience Retailers acquisition loans in Massachusetts by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $796K | $207,500 | |
| FY2019 | 1 | $2.8M | $2,827,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $160K | $160,000 | |
| FY2024 | 1 | $207K | $207,000 | |
| FY2025 | 3 | $825K | $320,000 | |
| FY2026 | 3 | $1.3M | $520,000 |
How often do these acquisition loans fail?
Fewer than 20 Convenience Retailers in Massachusetts 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Rockland Trust Company | 6 | 46.2% | $2M | |
| 2 | Customers Bank | 1 | 7.7% | $2.8M | |
| 3 | Manufacturers and Traders Trust Company | 1 | 7.7% | $405K | |
| 4 | Santander Bank, National Association | 1 | 7.7% | $306K | |
| 5 | Leader Bank, National Association | 1 | 7.7% | $175K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Convenience Retailers acquisitions in Massachusetts run?
The median SBA 7(a) loan was $240,000 across 13 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 Convenience Retailers acquisitions in Massachusetts?
Rockland Trust Company (6), Customers Bank (1), Manufacturers and Traders Trust Company (1), Santander Bank, National Association (1), Leader Bank, National Association (1).
How often do Convenience Retailers acquisition loans fail in Massachusetts?
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 Convenience Retailers acquisitions in Massachusetts?
None of the 13 loans in this combination were recorded with a franchise brand.
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Related
- All Massachusetts acquisitions
- Convenience Retailers nationally
- Convenience Retailers in California
- Convenience Retailers in Washington
- Convenience Retailers in Oregon
- Convenience Retailers in Michigan
- Convenience Retailers in New Jersey
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.