General Automotive Repair acquisitions in Texas: SBA loan data
Since FY2018, SBA lenders have approved 112 7(a) loans to buy an existing business classified as General Automotive Repair in Texas, totaling $112M. The median loan was $794,250. That is 2.7% of the 4,080 acquisition loans in Texas.
- Loans, FY2018-FY2026
- 112
- Median loan
- $794,250 (middle half $478,250 to $1,323,875)
- Top lender
- Live Oak Banking Company (15%, 17 loans)
- Charge-off, FY2018-FY2021 loans
- 11.4% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 19 (-5% vs FY2025)
SBA lenders approved 112 7(a) loans to buy a business classified as General Automotive Repair in Texas from FY2018-FY2026, with a median of $794,250 and a middle half of $478,250 to $1,323,875. Live Oak Banking Company made 15% of them. FY2026 had 19 loans, down 5% from FY2025.
The purchase agreement decides what you bought, not the loan approval.
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How General Automotive Repair in Texas compares
| Measure | General Automotive Repair in Texas | Texas, all industries | General Automotive Repair, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $794,250 | $870,000 | $562,500 | $645,250 |
| Middle half of loans | $478,250 to $1,323,875 | $384,025 to $1,883,250 | $300,000 to $1,077,400 | $283,000 to $1,465,000 |
| Average initial rate | 7.66% | 7.78% | 7.87% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 11.4% | 4.8% | 4.4% | 3.5% |
| Loans in sample | 112 | 4,080 | 1,089 | 48,902 |
The median for General Automotive Repair acquisition loans in Texas is $794,250, slightly below the $870,000 median for all Texas acquisitions, well above the $562,500 median for General Automotive Repair acquisitions nationwide and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $478,250 to $1,323,875, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.66%, in line with the 7.76% national average.
Seasoned loans were charged off at 11.4%, well above the 4.8% rate for all Texas acquisitions, well above the 4.4% rate for General Automotive Repair acquisitions nationwide and well above the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | General Automotive Repair in Texas | All acquisitions |
|---|---|---|
| Under $350K | 17% | 30% |
| $350K to under $1M | 42% | 33% |
| $1M to under $2M | 32% | 19% |
| $2M and over | 9% | 17% |
Most General Automotive Repair acquisition loans in Texas (59%) were under $1M, and the largest single band is $350K to under $1M at 42%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 15% of General Automotive Repair acquisition loans in Texas, and the top three lenders together made 32%. 11 of the 48 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 39 General Automotive Repair acquisition loans in Texas were approved. That is 117% more than the 18 approved in FY2023 and FY2024. The median was $1,138,700, well above the $794,250 median across all years.
General Automotive Repair acquisition loans in Texas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $4.7M | $542,200 | |
| FY2019 | 16 | $11M | $567,150 | |
| FY2020 | 10 | $8.4M | $867,500 | |
| FY2021 | 11 | $12.8M | $954,500 | |
| FY2022 | 11 | $8M | $720,000 | |
| FY2023 | 8 | $10.1M | $1,309,000 | |
| FY2024 | 10 | $10.2M | $880,450 | |
| FY2025 | 20 | $24.9M | $1,155,500 | |
| FY2026 | 19 | $21.9M | $1,138,700 |
How often do these acquisition loans fail?
Of the 44 General Automotive Repair in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 5 have been charged off by the SBA, a rate of 11.4% by loan count and 4.2% by dollars. 19 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so General Automotive Repair in Texas is 223% higher than the acquisition-loan average. 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 | Live Oak Banking Company | 17 | 15.2% | $18.9M | |
| 2 | The Huntington National Bank | 11 | 9.8% | $9.1M | |
| 3 | T Bank, National Association | 8 | 7.1% | $12.9M | |
| 4 | Wells Fargo Bank National Association | 6 | 5.4% | $3.7M | |
| 5 | American Momentum Bank | 5 | 4.5% | $5.7M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Midas | 5 | 4.5% | $2.9M | |
| 2 | Christian Brothers Automotive | 4 | 3.6% | $2.5M | |
| 3 | AAMCO Transmissions and Total Car Care | 3 | 2.7% | $4M | |
| 4 | Meineke Car Care Center | 2 | 1.8% | $1.6M | |
| 5 | Maaco | 1 | 0.9% | $1.1M |
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 General Automotive Repair acquisitions in Texas run?
The median SBA 7(a) loan was $794,250 across 112 loans (FY2018 to FY2026), with the middle half between $478,250 and $1,323,875. 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 General Automotive Repair acquisitions in Texas?
Live Oak Banking Company (17), The Huntington National Bank (11), T Bank, National Association (8), Wells Fargo Bank National Association (6), American Momentum Bank (5). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do General Automotive Repair acquisition loans fail in Texas?
11.4% of 44 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of General Automotive Repair acquisitions in Texas?
22 of the 112 loans (20%) involved a franchise brand, most often Midas (5).
How much do you need down for an SBA loan to buy a General Automotive Repair business in Texas?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for General Automotive Repair acquisition loans in Texas was $794,250, and the middle half ran $478,250 to $1,323,875.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 39 General Automotive Repair acquisition loans in Texas in FY2025 and FY2026.
Which banks make SBA loans for a General Automotive Repair business in Texas?
By loan count, FY2018 to FY2026: Live Oak Banking Company (17), The Huntington National Bank (11), T Bank, National Association (8), Wells Fargo Bank National Association (6), American Momentum Bank (5). Live Oak Banking Company made 15% of General Automotive Repair acquisition loans in Texas. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
The purchase agreement decides what you bought, not the loan approval.
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Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "General Automotive Repair in Texas: SBA acquisition loan data", https://sbaacquisitiondata.com/state/tx/general-automotive-repair-811111 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/tx/general-automotive-repair-811111.json.