All Other Professional, Scientific, and Technical Services acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 20 7(a) loans to buy an existing business classified as All Other Professional, Scientific, and Technical Services in Minnesota, totaling $17.8M. The median loan was $487,650. That is 1.1% of the 1,778 acquisition loans in Minnesota.
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How this compares
The median All Other Professional, Scientific, and Technical Services loan in Minnesota is 8% higher than the $450,000 median for all Minnesota acquisitions, and 24% lower than the $639,900 median for All Other Professional, Scientific, and Technical Services acquisitions nationwide (379 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 1.5% of seasoned All Other Professional, Scientific, and Technical Services acquisition loans were charged off, and 3.2% of seasoned Minnesota acquisition loans of any type.
All Other Professional, Scientific, and Technical Services acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $1.3M | $360,000 | |
| FY2020 | 6 | $2.8M | $359,000 | |
| FY2021 | 7 | $7.6M | $427,000 | |
| FY2022 | 1 | $1.7M | $1,650,000 | |
| FY2023 | 1 | $475K | $475,300 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $3.9M | $1,967,550 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 All Other Professional, Scientific, and Technical Services in Minnesota 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 | Old National Bank | 4 | 20.0% | $4.8M | |
| 2 | Alerus Financial, National Association | 3 | 15.0% | $3.9M | |
| 3 | Village Bank | 2 | 10.0% | $2.2M | |
| 4 | 21st Century Bank | 2 | 10.0% | $1.5M | |
| 5 | BankVista | 2 | 10.0% | $1.2M |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for All Other Professional, Scientific, and Technical Services acquisitions in Minnesota run?
The median SBA 7(a) loan was $487,650 across 20 loans (FY2018 to FY2026), with the middle half between $307,475 and $988,850. 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 All Other Professional, Scientific, and Technical Services acquisitions in Minnesota?
Old National Bank (4), Alerus Financial, National Association (3), Village Bank (2), 21st Century Bank (2), BankVista (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do All Other Professional, Scientific, and Technical Services acquisition loans fail in Minnesota?
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 All Other Professional, Scientific, and Technical Services acquisitions in Minnesota?
1 of the 20 loans (5%) involved a franchise brand.
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.