General Automotive Repair acquisitions in Utah: SBA loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business classified as General Automotive Repair in Utah, totaling $8.2M. The median loan was $337,100. That is 1.7% of the 708 acquisition loans in Utah.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median General Automotive Repair loan in Utah is 45% lower than the $617,950 median for all Utah acquisitions, and 40% lower than the $562,500 median for General Automotive Repair acquisitions nationwide (1,089 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.4% of seasoned General Automotive Repair acquisition loans were charged off, and 4.8% of seasoned Utah acquisition loans of any type.
General Automotive Repair acquisition loans in Utah by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $150K | $150,000 | |
| FY2019 | 1 | $146K | $146,000 | |
| FY2020 | 2 | $1.7M | $845,550 | |
| FY2021 | 3 | $930K | $222,100 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $1.6M | $1,604,400 | |
| FY2024 | 2 | $2.1M | $1,070,000 | |
| FY2025 | 1 | $334K | $334,200 | |
| FY2026 | 1 | $1.2M | $1,168,000 |
How often do these acquisition loans fail?
Fewer than 20 General Automotive Repair 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Utah Bank | 2 | 16.7% | $3.4M | |
| 2 | Community Banks of Colorado, A Division of NBH Bank | 2 | 16.7% | $708K | |
| 3 | America First Federal Credit Union | 1 | 8.3% | $1.4M | |
| 4 | Seacoast National Bank | 1 | 8.3% | $1.2M | |
| 5 | Central Bank | 1 | 8.3% | $340K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Big O Tires | 1 | 8.3% | $508K | |
| 2 | AAMCO Transmissions and Total Car Care | 1 | 8.3% | $222K |
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Questions buyers ask
How much do SBA loans for General Automotive Repair acquisitions in Utah run?
The median SBA 7(a) loan was $337,100 across 12 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 General Automotive Repair acquisitions in Utah?
First Utah Bank (2), Community Banks of Colorado, A Division of NBH Bank (2), America First Federal Credit Union (1), Seacoast National Bank (1), Central Bank (1).
How often do General Automotive Repair 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 General Automotive Repair acquisitions in Utah?
4 of the 12 loans (33%) involved a franchise brand, most often Big O Tires (1).
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.