Landscaping Services acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 38 7(a) loans to buy an existing business classified as Landscaping Services in Minnesota, totaling $28M. The median loan was $566,350. That is 2.1% of the 1,778 acquisition loans in Minnesota.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Landscaping Services loan in Minnesota is 26% higher than the $450,000 median for all Minnesota acquisitions, and 6% higher than the $535,750 median for Landscaping Services acquisitions nationwide (790 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.5% of seasoned Landscaping Services acquisition loans were charged off, and 3.2% of seasoned Minnesota acquisition loans of any type.
Landscaping Services acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $444K | $159,600 | |
| FY2019 | 6 | $3.8M | $389,050 | |
| FY2020 | 4 | $4.6M | $912,350 | |
| FY2021 | 6 | $3.4M | $546,400 | |
| FY2022 | 3 | $1.6M | $508,000 | |
| FY2023 | 1 | $1.1M | $1,135,000 | |
| FY2024 | 5 | $4.4M | $900,000 | |
| FY2025 | 5 | $3M | $353,400 | |
| FY2026 | 5 | $5.7M | $744,000 |
How often do these acquisition loans fail?
Fewer than 20 Landscaping 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BankVista | 7 | 18.4% | $5.2M | |
| 2 | The Huntington National Bank | 4 | 10.5% | $2.8M | |
| 3 | 21st Century Bank | 3 | 7.9% | $2.4M | |
| 4 | Falcon National Bank | 3 | 7.9% | $1.9M | |
| 5 | Quaint Oak Bank | 2 | 5.3% | $3.3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Monster Tree Service | 1 | 2.6% | $353K |
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 Landscaping Services acquisitions in Minnesota run?
The median SBA 7(a) loan was $566,350 across 38 loans (FY2018 to FY2026), with the middle half between $133,650 and $1,076,250. 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 Landscaping Services acquisitions in Minnesota?
BankVista (7), The Huntington National Bank (4), 21st Century Bank (3), Falcon National Bank (3), Quaint Oak Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Landscaping 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 Landscaping Services acquisitions in Minnesota?
1 of the 38 loans (3%) involved a franchise brand, most often Monster Tree Service (1).
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Minnesota acquisitions
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.