Lessors of Miniwarehouses and Self-Storage Units acquisitions in Missouri: SBA loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing business classified as Lessors of Miniwarehouses and Self-Storage Units in Missouri, totaling $17.3M. The median loan was $799,000. That is 1.3% of the 1,098 acquisition loans in Missouri.
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How this compares
The median Lessors of Miniwarehouses and Self-Storage Units loan in Missouri is 38% higher than the $580,000 median for all Missouri acquisitions, and 29% lower than the $1,126,000 median for Lessors of Miniwarehouses and Self-Storage Units acquisitions nationwide (285 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.0% of seasoned Lessors of Miniwarehouses and Self-Storage Units acquisition loans were charged off, and 2.9% of seasoned Missouri acquisition loans of any type.
Lessors of Miniwarehouses and Self-Storage Units acquisition loans in Missouri by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.1M | $1,085,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $1M | $1,020,000 | |
| FY2021 | 4 | $5.4M | $513,000 | |
| FY2022 | 4 | $4.2M | $799,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $540K | $540,000 | |
| FY2025 | 2 | $1.5M | $731,000 | |
| FY2026 | 1 | $3.6M | $3,604,000 |
How often do these acquisition loans fail?
Fewer than 20 Lessors of Miniwarehouses and Self-Storage Units in Missouri 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 | Live Oak Banking Company | 9 | 64.3% | $14.6M | |
| 2 | Bank Five Nine | 2 | 14.3% | $731K | |
| 3 | OakStar Bank | 1 | 7.1% | $1M | |
| 4 | United Bank of Union | 1 | 7.1% | $540K | |
| 5 | First Midwest Bank of the Ozarks | 1 | 7.1% | $379K |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Lessors of Miniwarehouses and Self-Storage Units acquisitions in Missouri run?
The median SBA 7(a) loan was $799,000 across 14 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 Lessors of Miniwarehouses and Self-Storage Units acquisitions in Missouri?
Live Oak Banking Company (9), Bank Five Nine (2), OakStar Bank (1), United Bank of Union (1), First Midwest Bank of the Ozarks (1).
How often do Lessors of Miniwarehouses and Self-Storage Units acquisition loans fail in Missouri?
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 Lessors of Miniwarehouses and Self-Storage Units acquisitions in Missouri?
None of the 14 loans in this combination were recorded with a franchise brand.
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Related
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.