All Other Specialty Trade Contractors acquisitions in North Carolina: SBA loan data
Since FY2018, SBA lenders have approved 41 7(a) loans to buy an existing business classified as All Other Specialty Trade Contractors in North Carolina, totaling $34.4M. The median loan was $550,000. That is 2.6% of the 1,575 acquisition loans in North Carolina.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median All Other Specialty Trade Contractors loan in North Carolina is 31% lower than the $800,000 median for all North Carolina acquisitions, and 18% lower than the $673,500 median for All Other Specialty Trade Contractors acquisitions nationwide (884 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.2% of seasoned All Other Specialty Trade Contractors acquisition loans were charged off, and 2.1% of seasoned North Carolina acquisition loans of any type.
All Other Specialty Trade Contractors acquisition loans in North Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $4.3M | $1,777,600 | |
| FY2019 | 1 | $841K | $841,000 | |
| FY2020 | 7 | $6M | $568,600 | |
| FY2021 | 7 | $3.9M | $250,000 | |
| FY2022 | 2 | $814K | $407,100 | |
| FY2023 | 3 | $2.7M | $422,500 | |
| FY2024 | 3 | $1.5M | $578,500 | |
| FY2025 | 5 | $3.1M | $463,200 | |
| FY2026 | 10 | $11.3M | $596,750 |
How often do these acquisition loans fail?
Fewer than 20 All Other Specialty Trade Contractors in North Carolina 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 | Live Oak Banking Company | 14 | 34.1% | $14.2M | |
| 2 | Pinnacle Bank | 3 | 7.3% | $4.7M | |
| 3 | First Bank | 3 | 7.3% | $1.5M | |
| 4 | Wells Fargo Bank National Association | 2 | 4.9% | $1.9M | |
| 5 | The Huntington National Bank | 2 | 4.9% | $1.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Re-Bath | 4 | 9.8% | $3.1M |
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Questions buyers ask
How much do SBA loans for All Other Specialty Trade Contractors acquisitions in North Carolina run?
The median SBA 7(a) loan was $550,000 across 41 loans (FY2018 to FY2026), with the middle half between $200,000 and $905,000. 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 All Other Specialty Trade Contractors acquisitions in North Carolina?
Live Oak Banking Company (14), Pinnacle Bank (3), First Bank (3), Wells Fargo Bank National Association (2), The Huntington National Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do All Other Specialty Trade Contractors acquisition loans fail in North Carolina?
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 All Other Specialty Trade Contractors acquisitions in North Carolina?
4 of the 41 loans (10%) involved a franchise brand, most often Re-Bath (4).
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 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.