Electrical Contractors and Other Wiring Installation Contractors acquisitions in Utah: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Electrical Contractors and Other Wiring Installation Contractors in Utah, totaling $15.5M. The median loan was $1,075,350. That is 1.4% of the 708 acquisition loans in Utah.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How this compares
The median Electrical Contractors and Other Wiring Installation Contractors loan in Utah is 74% higher than the $617,950 median for all Utah acquisitions, and 31% higher than the $820,000 median for Electrical Contractors and Other Wiring Installation Contractors acquisitions nationwide (395 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.0% of seasoned Electrical Contractors and Other Wiring Installation Contractors acquisition loans were charged off, and 4.8% of seasoned Utah acquisition loans of any type.
Electrical Contractors and Other Wiring Installation Contractors acquisition loans in Utah by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $150K | $75,000 | |
| FY2023 | 2 | $3.6M | $1,784,400 | |
| FY2024 | 2 | $2.5M | $1,265,000 | |
| FY2025 | 3 | $8.6M | $3,700,000 | |
| FY2026 | 1 | $669K | $668,700 |
How often do these acquisition loans fail?
Fewer than 20 Electrical Contractors and Other Wiring Installation Contractors in Utah 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Internet Bank | 2 | 20.0% | $4.9M | |
| 2 | Central Bank | 2 | 20.0% | $150K | |
| 3 | Accordia Bank | 1 | 10.0% | $3.7M | |
| 4 | Evolve Bank and Trust | 1 | 10.0% | $2.1M | |
| 5 | Community Banks of Colorado, A Division of NBH Bank | 1 | 10.0% | $1.9M |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Electrical Contractors and Other Wiring Installation Contractors acquisitions in Utah run?
The median SBA 7(a) loan was $1,075,350 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 Electrical Contractors and Other Wiring Installation Contractors acquisitions in Utah?
First Internet Bank (2), Central Bank (2), Accordia Bank (1), Evolve Bank and Trust (1), Community Banks of Colorado, A Division of NBH Bank (1).
How often do Electrical Contractors and Other Wiring Installation Contractors acquisition loans fail in Utah?
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 Electrical Contractors and Other Wiring Installation Contractors acquisitions in Utah?
None of the 10 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Utah acquisitions
- Electrical Contractors and Other Wiring Installation Contractors nationally
- Electrical Contractors and Other Wiring Installation Contractors in Florida
- Electrical Contractors and Other Wiring Installation Contractors in Minnesota
- Electrical Contractors and Other Wiring Installation Contractors in Colorado
- Landscaping Services in Utah
- Limited-Service Restaurants in Utah
- Gasoline Stations with Convenience Stores in Utah
- Full-Service Restaurants in Utah
- All Other Specialty Trade Contractors in Utah
- Snack and Nonalcoholic Beverage Bars in Utah
- Hotels and Motels in Utah
- General Automotive Repair in Utah
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.