All Other Personal Services acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 17 7(a) loans to buy an existing business classified as All Other Personal Services in New York, totaling $13.5M. The median loan was $623,000. That is 1.1% of the 1,530 acquisition loans in New York.
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How this compares
The median All Other Personal Services loan in New York is 8% higher than the $577,500 median for all New York acquisitions, and 53% higher than the $406,600 median for All Other Personal Services acquisitions nationwide (336 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.7% of seasoned All Other Personal Services acquisition loans were charged off, and 2.7% of seasoned New York acquisition loans of any type.
All Other Personal Services acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $1.6M | $623,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $1.9M | $1,891,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 3 | $2.5M | $146,300 | |
| FY2025 | 4 | $5M | $425,000 | |
| FY2026 | 6 | $2.5M | $431,500 |
How often do these acquisition loans fail?
Fewer than 20 All Other Personal Services in New York 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 | First Internet Bank of Indiana | 4 | 23.5% | $5.1M | |
| 2 | The Huntington National Bank | 4 | 23.5% | $1.5M | |
| 3 | Community Bank, National Association | 3 | 17.6% | $363K | |
| 4 | KeyBank National Association | 2 | 11.8% | $853K | |
| 5 | Gulf Coast Bank and Trust Company | 1 | 5.9% | $2.3M |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for All Other Personal Services acquisitions in New York run?
The median SBA 7(a) loan was $623,000 across 17 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 All Other Personal Services acquisitions in New York?
First Internet Bank of Indiana (4), The Huntington National Bank (4), Community Bank, National Association (3), KeyBank National Association (2), Gulf Coast Bank and Trust Company (1).
How often do All Other Personal Services acquisition loans fail in New York?
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 Personal Services acquisitions in New York?
1 of the 17 loans (6%) involved a franchise brand.
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.