SBA Acquisition Data

Offices of Chiropractors acquisitions in South Carolina: SBA loan data

Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Offices of Chiropractors in South Carolina, totaling $5.4M. The median loan was $435,500. That is 1.5% of the 683 acquisition loans in South Carolina.

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acquisition loans
10
FY2018 to FY2026
total approved
$5.4M
gross loan amount
median loan
$435,500
10 loans
avg initial rate
7.72%
at approval, mixed years
median term
10 years
120 months

How this compares

The median Offices of Chiropractors loan in South Carolina is 42% lower than the $755,000 median for all South Carolina acquisitions, and 53% higher than the $285,500 median for Offices of Chiropractors acquisitions nationwide (569 loans).

This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.6% of seasoned Offices of Chiropractors acquisition loans were charged off, and 4.5% of seasoned South Carolina acquisition loans of any type.

Offices of Chiropractors acquisition loans in South Carolina by year

Offices of Chiropractors in South Carolina: SBA acquisition loans by fiscal year. SBA fiscal years run October 1 to September 30.
Fiscal yearLoansTotal approvedMedian loan
FY2018 0
$0 -
FY2019 1
$456K $456,000
FY2020 1
$222K $222,000
FY2021 2
$2.2M $1,124,000
FY2022 2
$626K $312,750
FY2023 1
$265K $265,000
FY2024 1
$448K $448,000
FY2025 0
$0 -
FY2026 2
$1.2M $586,000

How often do these acquisition loans fail?

Fewer than 20 Offices of Chiropractors in South Carolina 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 ranked by SBA acquisition loans
#LenderLoansShareDollars
1United Midwest Savings Bank National Association7
70.0%$3.9M
2TD Bank, National Association1
10.0%$598K
3Pinnacle Bank1
10.0%$456K
4First-Citizens Bank & Trust Company1
10.0%$448K

Top franchise brands

No franchise brands recorded in this combination.

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Questions buyers ask

How much do SBA loans for Offices of Chiropractors acquisitions in South Carolina run?

The median SBA 7(a) loan was $435,500 across 10 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 Offices of Chiropractors acquisitions in South Carolina?

United Midwest Savings Bank National Association (7), TD Bank, National Association (1), Pinnacle Bank (1), First-Citizens Bank & Trust Company (1).

How often do Offices of Chiropractors acquisition loans fail in South Carolina?

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 Offices of Chiropractors acquisitions in South Carolina?

None of the 10 loans in this combination were recorded with a franchise brand.

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Related

Small samples move a lot: each loan in this combination is 10% of the count. Industry is the NAICS code the lender recorded. See the methodology.