Site Preparation Contractors acquisitions in Massachusetts: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Site Preparation Contractors in Massachusetts, totaling $10.7M. The median loan was $474,400. That is 1.0% of the 963 acquisition loans in Massachusetts.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Site Preparation Contractors loan in Massachusetts is 16% higher than the $410,000 median for all Massachusetts acquisitions, and 47% lower than the $897,900 median for Site Preparation Contractors acquisitions nationwide (156 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.5% of seasoned Site Preparation Contractors acquisition loans were charged off, and 3.2% of seasoned Massachusetts acquisition loans of any type.
Site Preparation Contractors acquisition loans in Massachusetts by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $540K | $540,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 5 | $8.1M | $700,000 | |
| FY2022 | 2 | $160K | $80,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $1.7M | $1,700,000 | |
| FY2025 | 1 | $184K | $184,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Site Preparation Contractors 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 40.0% | $7.7M | |
| 2 | Rockland Trust Company | 2 | 20.0% | $1.9M | |
| 3 | Eastern Bank | 2 | 20.0% | $160K | |
| 4 | Customers Bank | 1 | 10.0% | $540K | |
| 5 | Cambridge Savings Bank | 1 | 10.0% | $409K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do SBA loans for Site Preparation Contractors acquisitions in Massachusetts run?
The median SBA 7(a) loan was $474,400 across 10 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 Site Preparation Contractors acquisitions in Massachusetts?
Live Oak Banking Company (4), Rockland Trust Company (2), Eastern Bank (2), Customers Bank (1), Cambridge Savings Bank (1).
How often do Site Preparation Contractors 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 Site Preparation Contractors acquisitions in Massachusetts?
None of the 10 loans in this combination were recorded with a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Small samples move a lot: each loan in this combination is 10% of the count. Industry is the NAICS code the lender recorded. See the methodology.