Couriers and Express Delivery Services acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 51 7(a) loans to buy an existing business classified as Couriers and Express Delivery Services in Minnesota, totaling $38.8M. The median loan was $764,000. That is 2.9% of the 1,778 acquisition loans in Minnesota.
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How this compares
The median Couriers and Express Delivery Services loan in Minnesota is 70% higher than the $450,000 median for all Minnesota acquisitions, and 14% higher than the $673,000 median for Couriers and Express Delivery Services acquisitions nationwide (363 loans).
On losses, 5.7% of seasoned Couriers and Express Delivery Services loans in Minnesota were charged off, 76% higher than the 3.2% rate for all Minnesota acquisitions, and 22% higher than the 4.7% rate for the industry nationally.
Couriers and Express Delivery Services acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2.6M | $1,035,000 | |
| FY2019 | 11 | $6.2M | $415,000 | |
| FY2020 | 7 | $4.7M | $720,000 | |
| FY2021 | 14 | $10M | $742,550 | |
| FY2022 | 4 | $3.7M | $984,550 | |
| FY2023 | 2 | $1.6M | $800,000 | |
| FY2024 | 2 | $2.3M | $1,135,650 | |
| FY2025 | 5 | $5.3M | $1,080,000 | |
| FY2026 | 3 | $2.5M | $764,000 |
How often do these acquisition loans fail?
Of the 35 Couriers and Express Delivery Services in Minnesota acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 5.7% by loan count and 7.1% by dollars. 17 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Couriers and Express Delivery Services in Minnesota is 62% higher than the acquisition-loan average. 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 | BankVista | 37 | 72.5% | $29M | |
| 2 | Northern State Bank of Virginia | 3 | 5.9% | $3M | |
| 3 | Stearns Bank National Association | 3 | 5.9% | $1.3M | |
| 4 | Falcon National Bank | 2 | 3.9% | $2.1M | |
| 5 | Old National Bank | 1 | 2.0% | $797K |
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 Couriers and Express Delivery Services acquisitions in Minnesota run?
The median SBA 7(a) loan was $764,000 across 51 loans (FY2018 to FY2026), with the middle half between $350,000 and $1,055,250. 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 Couriers and Express Delivery Services acquisitions in Minnesota?
BankVista (37), Northern State Bank of Virginia (3), Stearns Bank National Association (3), Falcon National Bank (2), Old National Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Couriers and Express Delivery Services acquisition loans fail in Minnesota?
5.7% of 35 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Couriers and Express Delivery Services acquisitions in Minnesota?
None of the 51 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.