Engineering Services acquisitions in Maryland: SBA loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business classified as Engineering Services in Maryland, totaling $23.6M. The median loan was $1,227,700. That is 1.8% of the 679 acquisition loans in Maryland.
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How this compares
The median Engineering Services loan in Maryland is 88% higher than the $653,000 median for all Maryland acquisitions, and 35% higher than the $909,500 median for Engineering Services acquisitions nationwide (212 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.0% of seasoned Engineering Services acquisition loans were charged off, and 5.4% of seasoned Maryland acquisition loans of any type.
Engineering Services acquisition loans in Maryland by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.1M | $1,132,400 | |
| FY2019 | 1 | $852K | $852,000 | |
| FY2020 | 1 | $4.8M | $4,797,000 | |
| FY2021 | 1 | $1.3M | $1,323,000 | |
| FY2022 | 2 | $2.5M | $1,263,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $5M | $5,000,000 | |
| FY2025 | 1 | $1M | $1,025,000 | |
| FY2026 | 4 | $6.9M | $1,516,000 |
How often do these acquisition loans fail?
Fewer than 20 Engineering Services in Maryland 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 | Manufacturers and Traders Trust Company | 3 | 25.0% | $3.7M | |
| 2 | First Internet Bank of Indiana | 2 | 16.7% | $4.1M | |
| 3 | First Bank of the Lake | 2 | 16.7% | $2.5M | |
| 4 | Capital One National Association | 1 | 8.3% | $5M | |
| 5 | Atlantic Union Bank | 1 | 8.3% | $4.8M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Engineering Services acquisitions in Maryland run?
The median SBA 7(a) loan was $1,227,700 across 12 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 Engineering Services acquisitions in Maryland?
Manufacturers and Traders Trust Company (3), First Internet Bank of Indiana (2), First Bank of the Lake (2), Capital One National Association (1), Atlantic Union Bank (1).
How often do Engineering Services acquisition loans fail in Maryland?
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 Engineering Services acquisitions in Maryland?
None of the 12 loans in this combination were recorded with a franchise brand.
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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.