General Automotive Repair acquisitions in New Hampshire: SBA loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business classified as General Automotive Repair in New Hampshire, totaling $6.2M. The median loan was $387,000. That is 3.5% of the 342 acquisition loans in New Hampshire.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median General Automotive Repair loan in New Hampshire is 19% higher than the $325,000 median for all New Hampshire acquisitions, and 31% lower than the $562,500 median for General Automotive Repair acquisitions nationwide (1,089 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.4% of seasoned General Automotive Repair acquisition loans were charged off, and 0.8% of seasoned New Hampshire acquisition loans of any type.
General Automotive Repair acquisition loans in New Hampshire by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $958K | $147,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $1.3M | $251,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $1M | $511,000 | |
| FY2024 | 2 | $2.3M | $1,149,500 | |
| FY2025 | 1 | $595K | $595,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 General Automotive Repair in New Hampshire 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | 25.0% | $2M | |
| 2 | Meredith Village Savings Bank | 2 | 16.7% | $780K | |
| 3 | Rockland Trust Company | 2 | 16.7% | $635K | |
| 4 | Colony Bank | 1 | 8.3% | $1.8M | |
| 5 | TD Bank, National Association | 1 | 8.3% | $300K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Midas | 1 | 8.3% | $770K |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for General Automotive Repair acquisitions in New Hampshire run?
The median SBA 7(a) loan was $387,000 across 12 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 General Automotive Repair acquisitions in New Hampshire?
Live Oak Banking Company (3), Meredith Village Savings Bank (2), Rockland Trust Company (2), Colony Bank (1), TD Bank, National Association (1).
How often do General Automotive Repair acquisition loans fail in New Hampshire?
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 General Automotive Repair acquisitions in New Hampshire?
1 of the 12 loans (8%) involved a franchise brand, most often Midas (1).
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Related
- All New Hampshire acquisitions
- Financing one? How to get an SBA loan to buy an auto repair shop
- General Automotive Repair nationally
- General Automotive Repair in California
- General Automotive Repair in Texas
- General Automotive Repair in Florida
- General Automotive Repair in Minnesota
- General Automotive Repair in Illinois
- General Automotive Repair in Colorado
- General Automotive Repair in Arizona
- General Automotive Repair in Washington
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.