Residential Remodelers acquisitions in North Carolina: SBA loan data
Since FY2018, SBA lenders have approved 22 7(a) loans to buy an existing business classified as Residential Remodelers in North Carolina, totaling $24.8M. The median loan was $722,800. That is 1.4% of the 1,575 acquisition loans in North Carolina.
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How this compares
The median Residential Remodelers loan in North Carolina is 10% lower than the $800,000 median for all North Carolina acquisitions, and 7% higher than the $675,000 median for Residential Remodelers acquisitions nationwide (267 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.9% of seasoned Residential Remodelers acquisition loans were charged off, and 2.1% of seasoned North Carolina acquisition loans of any type.
Residential Remodelers acquisition loans in North Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $1.1M | $1,095,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $5.7M | $2,834,500 | |
| FY2022 | 3 | $3.7M | $1,560,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 3 | $2.1M | $498,000 | |
| FY2025 | 9 | $9.3M | $577,100 | |
| FY2026 | 4 | $2.9M | $397,500 |
How often do these acquisition loans fail?
Fewer than 20 Residential Remodelers 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Bank | 7 | 31.8% | $5.4M | |
| 2 | The Fidelity Bank | 4 | 18.2% | $6.5M | |
| 3 | Pinnacle Bank | 3 | 13.6% | $4.5M | |
| 4 | Live Oak Banking Company | 2 | 9.1% | $550K | |
| 5 | First Bank of the Lake | 1 | 4.5% | $4.5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 5 | 22.7% | $4.8M | |
| 2 | Screenmobile | 1 | 4.5% | $1.2M | |
| 3 | Paul Davis Restoration | 1 | 4.5% | $1.1M |
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Questions buyers ask
How much do SBA loans for Residential Remodelers acquisitions in North Carolina run?
The median SBA 7(a) loan was $722,800 across 22 loans (FY2018 to FY2026), with the middle half between $453,750 and $1,547,500. 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 Residential Remodelers acquisitions in North Carolina?
First Bank (7), The Fidelity Bank (4), Pinnacle Bank (3), Live Oak Banking Company (2), First Bank of the Lake (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Residential Remodelers 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 Residential Remodelers acquisitions in North Carolina?
9 of the 22 loans (41%) involved a franchise brand, most often Servpro (5).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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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.