All Other Specialty Trade Contractors acquisitions in Tennessee: SBA loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing business classified as All Other Specialty Trade Contractors in Tennessee, totaling $13.2M. The median loan was $492,000. That is 2.2% of the 624 acquisition loans in Tennessee.
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How this compares
The median All Other Specialty Trade Contractors loan in Tennessee is 39% lower than the $807,000 median for all Tennessee acquisitions, and 27% lower than the $673,500 median for All Other Specialty Trade Contractors acquisitions nationwide (884 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.2% of seasoned All Other Specialty Trade Contractors acquisition loans were charged off, and 2.8% of seasoned Tennessee acquisition loans of any type.
All Other Specialty Trade Contractors acquisition loans in Tennessee by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $117K | $117,000 | |
| FY2020 | 1 | $537K | $537,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $1.1M | $1,076,500 | |
| FY2023 | 2 | $2.4M | $1,178,800 | |
| FY2024 | 3 | $2.2M | $620,000 | |
| FY2025 | 2 | $5.1M | $2,567,250 | |
| FY2026 | 4 | $1.9M | $431,800 |
How often do these acquisition loans fail?
Fewer than 20 All Other Specialty Trade Contractors in Tennessee 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Merchants & Marine Bank | 2 | 14.3% | $2.4M | |
| 2 | The Huntington National Bank | 2 | 14.3% | $670K | |
| 3 | Old National Bank | 2 | 14.3% | $517K | |
| 4 | Beacon Bank and Trust | 1 | 7.1% | $4.8M | |
| 5 | Pinnacle Bank | 1 | 7.1% | $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 All Other Specialty Trade Contractors acquisitions in Tennessee run?
The median SBA 7(a) loan was $492,000 across 14 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 All Other Specialty Trade Contractors acquisitions in Tennessee?
Merchants & Marine Bank (2), The Huntington National Bank (2), Old National Bank (2), Beacon Bank and Trust (1), Pinnacle Bank (1).
How often do All Other Specialty Trade Contractors acquisition loans fail in Tennessee?
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 All Other Specialty Trade Contractors acquisitions in Tennessee?
1 of the 14 loans (7%) involved a franchise brand.
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Related
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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.