Supermarkets and Other Grocery Retailers acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 30 7(a) loans to buy an existing business classified as Supermarkets and Other Grocery Retailers in New York, totaling $29.7M. The median loan was $480,000. That is 2.0% of the 1,530 acquisition loans in New York.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Supermarkets and Other Grocery Retailers loan in New York is 17% lower than the $577,500 median for all New York acquisitions, and 24% lower than the $634,600 median for Supermarkets and Other Grocery Retailers acquisitions nationwide (465 loans).
On losses, 5.0% of seasoned Supermarkets and Other Grocery Retailers loans in New York were charged off, 84% higher than the 2.7% rate for all New York acquisitions, and 27% higher than the 3.9% rate for the industry nationally.
Supermarkets and Other Grocery Retailers acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $4.2M | $110,000 | |
| FY2019 | 4 | $760K | $150,000 | |
| FY2020 | 5 | $4.4M | $787,000 | |
| FY2021 | 6 | $6.9M | $690,000 | |
| FY2022 | 2 | $1M | $504,500 | |
| FY2023 | 2 | $2.2M | $1,082,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 5 | $8.9M | $1,375,000 | |
| FY2026 | 1 | $1.4M | $1,424,000 |
How often do these acquisition loans fail?
Of the 20 Supermarkets and Other Grocery Retailers in New York acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 5.0% by loan count and 1.5% by dollars. 9 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Supermarkets and Other Grocery Retailers in New York is 42% higher than the acquisition-loan average. 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.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bank of Hope | 3 | 10.0% | $3.1M | |
| 2 | NBT Bank, National Association | 3 | 10.0% | $305K | |
| 3 | Centerstone SBA Lending, Inc. | 2 | 6.7% | $5.6M | |
| 4 | TD Bank, National Association | 2 | 6.7% | $3.7M | |
| 5 | Live Oak Banking Company | 2 | 6.7% | $3.1M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Supermarkets and Other Grocery Retailers acquisitions in New York run?
The median SBA 7(a) loan was $480,000 across 30 loans (FY2018 to FY2026), with the middle half between $160,000 and $1,413,000. 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 Supermarkets and Other Grocery Retailers acquisitions in New York?
Bank of Hope (3), NBT Bank, National Association (3), Centerstone SBA Lending, Inc. (2), TD Bank, National Association (2), Live Oak Banking Company (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Supermarkets and Other Grocery Retailers acquisition loans fail in New York?
5.0% of 20 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Supermarkets and Other Grocery Retailers acquisitions in New York?
2 of the 30 loans (7%) involved a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All New York acquisitions
- Supermarkets and Other Grocery Retailers nationally
- Supermarkets and Other Grocery Retailers in California
- Supermarkets and Other Grocery Retailers in Washington
- Supermarkets and Other Grocery Retailers in Michigan
- Supermarkets and Other Grocery Retailers in Illinois
- Supermarkets and Other Grocery Retailers in Ohio
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.