Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Missouri: SBA loan data
Since FY2018, SBA lenders have approved 33 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in Missouri, totaling $30M. The median loan was $756,000. That is 3.0% of the 1,098 acquisition loans in Missouri.
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How this compares
The median Plumbing, Heating, and Air-Conditioning Contractors loan in Missouri is 30% higher than the $580,000 median for all Missouri acquisitions, and in line with the $734,000 median for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide (921 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.5% of seasoned Plumbing, Heating, and Air-Conditioning Contractors acquisition loans were charged off, and 2.9% of seasoned Missouri acquisition loans of any type.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Missouri by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.2M | $1,580,000 | |
| FY2019 | 9 | $9.7M | $1,059,000 | |
| FY2020 | 3 | $874K | $174,000 | |
| FY2021 | 2 | $1.5M | $767,250 | |
| FY2022 | 2 | $1.9M | $940,050 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 4 | $2.1M | $566,250 | |
| FY2025 | 6 | $4.2M | $754,500 | |
| FY2026 | 5 | $6.5M | $1,234,000 |
How often do these acquisition loans fail?
Fewer than 20 Plumbing, Heating, and Air-Conditioning Contractors 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Midwest Regional Bank | 5 | 15.2% | $4.9M | |
| 2 | OakStar Bank | 4 | 12.1% | $3.5M | |
| 3 | Pathward National Association | 2 | 6.1% | $3.3M | |
| 4 | American Bank of Freedom | 2 | 6.1% | $2.7M | |
| 5 | Guaranty Bank | 2 | 6.1% | $2.2M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Missouri run?
The median SBA 7(a) loan was $756,000 across 33 loans (FY2018 to FY2026), with the middle half between $429,800 and $1,160,000. 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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Missouri?
Midwest Regional Bank (5), OakStar Bank (4), Pathward National Association (2), American Bank of Freedom (2), Guaranty Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Plumbing, Heating, and Air-Conditioning Contractors 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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Missouri?
2 of the 33 loans (6%) involved a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
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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.