Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Utah: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in Utah, totaling $12.7M. The median loan was $804,300. That is 1.4% of the 708 acquisition loans in Utah.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Plumbing, Heating, and Air-Conditioning Contractors loan in Utah is 30% higher than the $617,950 median for all Utah acquisitions, and 10% 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 4.8% of seasoned Utah acquisition loans of any type.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Utah by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $2.3M | $1,140,300 | |
| FY2021 | 2 | $2.7M | $1,334,000 | |
| FY2022 | 2 | $320K | $159,750 | |
| FY2023 | 1 | $342K | $342,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $4.1M | $2,035,800 | |
| FY2026 | 1 | $3.1M | $3,065,000 |
How often do these acquisition loans fail?
Fewer than 20 Plumbing, Heating, and Air-Conditioning 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Zions Bancorporation, National Association | 2 | 20.0% | $560K | |
| 2 | Community Banks of Colorado, A Division of NBH Bank | 1 | 10.0% | $3.1M | |
| 3 | UMB Bank, National Association | 1 | 10.0% | $3M | |
| 4 | T Bank, National Association | 1 | 10.0% | $2.2M | |
| 5 | Happen Bank | 1 | 10.0% | $2M |
Top franchise brands
No franchise brands recorded in this combination.
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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Utah run?
The median SBA 7(a) loan was $804,300 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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Utah?
Zions Bancorporation, National Association (2), Community Banks of Colorado, A Division of NBH Bank (1), UMB Bank, National Association (1), T Bank, National Association (1), Happen Bank (1).
How often do Plumbing, Heating, and Air-Conditioning 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 Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Utah?
None of the 10 loans in this combination were recorded with a franchise brand.
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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.