Convenience Retailers acquisitions in New Jersey: SBA loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business classified as Convenience Retailers in New Jersey, totaling $7.3M. The median loan was $530,000. That is 1.1% of the 1,130 acquisition loans in New Jersey.
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How this compares
The median Convenience Retailers loan in New Jersey is 26% lower than the $719,500 median for all New Jersey acquisitions, and in line with the $509,000 median for Convenience Retailers acquisitions nationwide (492 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.0% of seasoned Convenience Retailers acquisition loans were charged off, and 2.0% of seasoned New Jersey acquisition loans of any type.
Convenience Retailers acquisition loans in New Jersey by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $502K | $502,000 | |
| FY2019 | 1 | $558K | $558,000 | |
| FY2020 | 1 | $1.1M | $1,121,000 | |
| FY2021 | 2 | $1.2M | $621,000 | |
| FY2022 | 2 | $1.1M | $555,000 | |
| FY2023 | 1 | $935K | $935,000 | |
| FY2024 | 4 | $1.8M | $395,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Convenience Retailers in New Jersey 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 | Wilmington Savings Fund Society FSB | 3 | 25.0% | $2.6M | |
| 2 | Peapack Private Bank and Trust | 2 | 16.7% | $790K | |
| 3 | First Bank | 1 | 8.3% | $935K | |
| 4 | Hanmi Bank | 1 | 8.3% | $800K | |
| 5 | Provident Bank | 1 | 8.3% | $660K |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Convenience Retailers acquisitions in New Jersey run?
The median SBA 7(a) loan was $530,000 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 Convenience Retailers acquisitions in New Jersey?
Wilmington Savings Fund Society FSB (3), Peapack Private Bank and Trust (2), First Bank (1), Hanmi Bank (1), Provident Bank (1).
How often do Convenience Retailers acquisition loans fail in New Jersey?
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 Convenience Retailers acquisitions in New Jersey?
None of the 12 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All New Jersey acquisitions
- Convenience Retailers nationally
- Convenience Retailers in California
- Convenience Retailers in Washington
- Convenience Retailers in Oregon
- Convenience Retailers in Michigan
- Convenience Retailers in Massachusetts
- Beer, Wine, and Liquor Retailers in New Jersey
- Full-Service Restaurants in New Jersey
- Limited-Service Restaurants in New Jersey
- Child Care Services in New Jersey
- Funeral Homes and Funeral Services in New Jersey
- Landscaping Services in New Jersey
- Fitness and Recreational Sports Centers in New Jersey
- Hotels and Motels in New Jersey
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.