All Other Specialty Trade Contractors acquisitions in Virginia: SBA loan data
Since FY2018, SBA lenders have approved 24 7(a) loans to buy an existing business classified as All Other Specialty Trade Contractors in Virginia, totaling $37.3M. The median loan was $1,367,500. That is 2.8% of the 849 acquisition loans in Virginia.
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How this compares
The median All Other Specialty Trade Contractors loan in Virginia is 90% higher than the $719,000 median for all Virginia acquisitions, and 103% higher 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 3.6% of seasoned Virginia acquisition loans of any type.
All Other Specialty Trade Contractors acquisition loans in Virginia by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.4M | $1,717,500 | |
| FY2019 | 3 | $3.4M | $1,206,000 | |
| FY2020 | 1 | $1.6M | $1,608,600 | |
| FY2021 | 2 | $7.5M | $3,752,750 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $2.3M | $1,138,250 | |
| FY2024 | 5 | $7.1M | $1,463,000 | |
| FY2025 | 4 | $3.8M | $938,500 | |
| FY2026 | 5 | $8.1M | $300,000 |
How often do these acquisition loans fail?
Fewer than 20 All Other Specialty Trade Contractors in Virginia 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 8 | 33.3% | $10.6M | |
| 2 | TowneBank | 3 | 12.5% | $10.1M | |
| 3 | United Community Bank | 2 | 8.3% | $3.4M | |
| 4 | Bank of Oak Ridge | 2 | 8.3% | $3.3M | |
| 5 | Capital Bank, National Association | 2 | 8.3% | $2.7M |
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 All Other Specialty Trade Contractors acquisitions in Virginia run?
The median SBA 7(a) loan was $1,367,500 across 24 loans (FY2018 to FY2026), with the middle half between $275,000 and $2,153,200. 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 Virginia?
The Huntington National Bank (8), TowneBank (3), United Community Bank (2), Bank of Oak Ridge (2), Capital Bank, National Association (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do All Other Specialty Trade Contractors acquisition loans fail in Virginia?
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 Virginia?
2 of the 24 loans (8%) involved a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.