Snack and Nonalcoholic Beverage Bars acquisitions in New Jersey: SBA loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing business classified as Snack and Nonalcoholic Beverage Bars in New Jersey, totaling $9.7M. The median loan was $302,500. That is 1.2% of the 1,130 acquisition loans in New Jersey.
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How this compares
The median Snack and Nonalcoholic Beverage Bars loan in New Jersey is 58% lower than the $719,500 median for all New Jersey acquisitions, and in line with the $317,500 median for Snack and Nonalcoholic Beverage Bars acquisitions nationwide (549 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.9% of seasoned Snack and Nonalcoholic Beverage Bars acquisition loans were charged off, and 2.0% of seasoned New Jersey acquisition loans of any type.
Snack and Nonalcoholic Beverage Bars acquisition loans in New Jersey by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $80K | $80,000 | |
| FY2019 | 4 | $1.5M | $402,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $600K | $300,000 | |
| FY2023 | 3 | $6.7M | $1,720,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $645K | $322,500 | |
| FY2026 | 2 | $230K | $115,000 |
How often do these acquisition loans fail?
Fewer than 20 Snack and Nonalcoholic Beverage Bars 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hanmi Bank | 2 | 14.3% | $1.9M | |
| 2 | Provident Bank | 2 | 14.3% | $605K | |
| 3 | Newtek Bank, National Association | 2 | 14.3% | $230K | |
| 4 | TD Bank, National Association | 2 | 14.3% | $180K | |
| 5 | The Bancorp Bank National Association | 1 | 7.1% | $4.5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Philly Pretzel Factory | 2 | 14.3% | $180K | |
| 2 | Paris Baguette | 1 | 7.1% | $4.5M | |
| 3 | Rita's Ice-Custard-Happiness | 1 | 7.1% | $250K |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Snack and Nonalcoholic Beverage Bars acquisitions in New Jersey run?
The median SBA 7(a) loan was $302,500 across 14 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 Snack and Nonalcoholic Beverage Bars acquisitions in New Jersey?
Hanmi Bank (2), Provident Bank (2), Newtek Bank, National Association (2), TD Bank, National Association (2), The Bancorp Bank National Association (1).
How often do Snack and Nonalcoholic Beverage Bars 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 Snack and Nonalcoholic Beverage Bars acquisitions in New Jersey?
6 of the 14 loans (43%) involved a franchise brand, most often Philly Pretzel Factory (2).
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Related
- All New Jersey acquisitions
- Snack and Nonalcoholic Beverage Bars nationally
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.