Machine Shops acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Machine Shops in Minnesota, totaling $19.9M. The median loan was $592,000. That is 1.1% 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 Machine Shops loan in Minnesota is 32% higher than the $450,000 median for all Minnesota acquisitions, and 41% lower than the $1,000,000 median for Machine Shops acquisitions nationwide (245 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 1.0% of seasoned Machine Shops acquisition loans were charged off, and 3.2% of seasoned Minnesota acquisition loans of any type.
Machine Shops acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $150K | $75,000 | |
| FY2019 | 1 | $592K | $592,000 | |
| FY2020 | 3 | $4.2M | $337,300 | |
| FY2021 | 3 | $4.2M | $1,900,000 | |
| FY2022 | 4 | $5.6M | $749,500 | |
| FY2023 | 2 | $500K | $250,000 | |
| FY2024 | 1 | $1.6M | $1,601,900 | |
| FY2025 | 2 | $2.4M | $1,186,200 | |
| FY2026 | 1 | $758K | $758,000 |
How often do these acquisition loans fail?
Fewer than 20 Machine Shops 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 | BankVista | 7 | 36.8% | $4.2M | |
| 2 | Minnwest Bank | 3 | 15.8% | $2.8M | |
| 3 | Old National Bank | 2 | 10.5% | $4.7M | |
| 4 | Highland Bank | 1 | 5.3% | $3.7M | |
| 5 | Village Bank | 1 | 5.3% | $1.6M |
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 Machine Shops acquisitions in Minnesota run?
The median SBA 7(a) loan was $592,000 across 19 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 Machine Shops acquisitions in Minnesota?
BankVista (7), Minnwest Bank (3), Old National Bank (2), Highland Bank (1), Village Bank (1).
How often do Machine Shops 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 Machine Shops acquisitions in Minnesota?
None of the 19 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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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.