Supermarkets and Other Grocery Retailers acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 21 7(a) loans to buy an existing business classified as Supermarkets and Other Grocery Retailers in Ohio, totaling $12.5M. The median loan was $494,000. That is 1.2% of the 1,821 acquisition loans in Ohio.
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How this compares
The median Supermarkets and Other Grocery Retailers loan in Ohio is 10% lower than the $549,000 median for all Ohio acquisitions, and 22% lower than the $634,600 median for Supermarkets and Other Grocery Retailers acquisitions nationwide (465 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.9% of seasoned Supermarkets and Other Grocery Retailers acquisition loans were charged off, and 1.9% of seasoned Ohio acquisition loans of any type.
Supermarkets and Other Grocery Retailers acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $258K | $258,300 | |
| FY2019 | 4 | $1.1M | $273,550 | |
| FY2020 | 1 | $2M | $1,978,400 | |
| FY2021 | 2 | $570K | $285,000 | |
| FY2022 | 3 | $2.3M | $660,000 | |
| FY2023 | 5 | $2.1M | $456,000 | |
| FY2024 | 2 | $1.6M | $805,250 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $2.5M | $950,000 |
How often do these acquisition loans fail?
Fewer than 20 Supermarkets and Other Grocery Retailers in Ohio 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 | The Huntington National Bank | 6 | 28.6% | $4.9M | |
| 2 | First Financial Bank | 4 | 19.0% | $1.3M | |
| 3 | WesBanco Bank, Inc. | 2 | 9.5% | $1.6M | |
| 4 | Northwest Bank | 2 | 9.5% | $481K | |
| 5 | United FCU | 2 | 9.5% | $314K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | IGA USA | 3 | 14.3% | $975K |
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 Supermarkets and Other Grocery Retailers acquisitions in Ohio run?
The median SBA 7(a) loan was $494,000 across 21 loans (FY2018 to FY2026), with the middle half between $100,000 and $825,000. 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 Ohio?
The Huntington National Bank (6), First Financial Bank (4), WesBanco Bank, Inc. (2), Northwest Bank (2), United FCU (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 Ohio?
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 Supermarkets and Other Grocery Retailers acquisitions in Ohio?
3 of the 21 loans (14%) involved a franchise brand, most often IGA USA (3).
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.