Snack and Nonalcoholic Beverage Bars acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 32 7(a) loans to buy an existing business classified as Snack and Nonalcoholic Beverage Bars in Pennsylvania, totaling $14M. The median loan was $284,750. That is 1.8% of the 1,765 acquisition loans in Pennsylvania.
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How this compares
The median Snack and Nonalcoholic Beverage Bars loan in Pennsylvania is 47% lower than the $535,000 median for all Pennsylvania acquisitions, and 10% lower than 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 2.1% of seasoned Pennsylvania acquisition loans of any type.
Snack and Nonalcoholic Beverage Bars acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $162K | $162,000 | |
| FY2019 | 5 | $1.3M | $275,000 | |
| FY2020 | 4 | $2.8M | $531,750 | |
| FY2021 | 1 | $450K | $450,000 | |
| FY2022 | 1 | $635K | $635,000 | |
| FY2023 | 6 | $1.8M | $250,350 | |
| FY2024 | 4 | $2.2M | $408,200 | |
| FY2025 | 7 | $1.6M | $180,000 | |
| FY2026 | 3 | $3M | $995,000 |
How often do these acquisition loans fail?
Fewer than 20 Snack and Nonalcoholic Beverage Bars in Pennsylvania 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 | Manufacturers and Traders Trust Company | 4 | 12.5% | $2M | |
| 2 | PNC Bank, National Association | 3 | 9.4% | $1M | |
| 3 | Wilmington Savings Fund Society FSB | 2 | 6.3% | $1.7M | |
| 4 | Hanover Community Bank | 2 | 6.3% | $958K | |
| 5 | Beacon Bank and Trust | 2 | 6.3% | $864K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Rita's Ice-Custard-Happiness | 6 | 18.8% | $1.4M | |
| 2 | Auntie Anne's | 2 | 6.3% | $1M | |
| 3 | Philly Pretzel Factory | 2 | 6.3% | $706K | |
| 4 | Dunkin' | 1 | 3.1% | $1.5M | |
| 5 | Crumbl | 1 | 3.1% | $1.4M |
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Questions buyers ask
How much do SBA loans for Snack and Nonalcoholic Beverage Bars acquisitions in Pennsylvania run?
The median SBA 7(a) loan was $284,750 across 32 loans (FY2018 to FY2026), with the middle half between $178,750 and $552,400. 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 Pennsylvania?
Manufacturers and Traders Trust Company (4), PNC Bank, National Association (3), Wilmington Savings Fund Society FSB (2), Hanover Community Bank (2), Beacon Bank and Trust (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Snack and Nonalcoholic Beverage Bars acquisition loans fail in Pennsylvania?
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 Pennsylvania?
18 of the 32 loans (56%) involved a franchise brand, most often Rita's Ice-Custard-Happiness (6).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Pennsylvania acquisitions
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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.