Plumbing, Heating, and Air-Conditioning Contractors acquisitions in South Carolina: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in South Carolina, totaling $21.4M. The median loan was $1,120,000. That is 2.2% of the 683 acquisition loans in South Carolina.
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How this compares
The median Plumbing, Heating, and Air-Conditioning Contractors loan in South Carolina is 48% higher than the $755,000 median for all South Carolina acquisitions, and 53% higher than the $734,000 median for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide (921 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.5% of seasoned Plumbing, Heating, and Air-Conditioning Contractors acquisition loans were charged off, and 4.5% of seasoned South Carolina acquisition loans of any type.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in South Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.4M | $1,367,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $6M | $2,998,750 | |
| FY2021 | 3 | $2.7M | $1,120,000 | |
| FY2022 | 2 | $1.8M | $880,000 | |
| FY2023 | 4 | $6.2M | $897,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $3.4M | $1,028,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Plumbing, Heating, and Air-Conditioning Contractors 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 5 | 33.3% | $9.5M | |
| 2 | HomeTrust Bank | 2 | 13.3% | $2.7M | |
| 3 | Huntington Bank | 2 | 13.3% | $1.2M | |
| 4 | Bank OZK | 1 | 6.7% | $2.5M | |
| 5 | First-Citizens Bank & Trust Company | 1 | 6.7% | $1.5M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Plumbing, Heating, and Air-Conditioning Contractors acquisitions in South Carolina run?
The median SBA 7(a) loan was $1,120,000 across 15 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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in South Carolina?
Live Oak Bank (5), HomeTrust Bank (2), Huntington Bank (2), Bank OZK (1), First-Citizens Bank & Trust Company (1).
How often do Plumbing, Heating, and Air-Conditioning Contractors 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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in South Carolina?
None of the 15 loans in this combination were recorded with a franchise brand.
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.