Landscaping Services acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 18 7(a) loans to buy an existing business classified as Landscaping Services in Washington, totaling $18.5M. The median loan was $685,000. That is 0.9% of the 2,006 acquisition loans in Washington.
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How this compares
The median Landscaping Services loan in Washington is in line with the $675,000 median for all Washington acquisitions, and 28% higher than the $535,750 median for Landscaping Services acquisitions nationwide (790 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.5% of seasoned Landscaping Services acquisition loans were charged off, and 3.4% of seasoned Washington acquisition loans of any type.
Landscaping Services acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $30K | $30,000 | |
| FY2019 | 3 | $1.4M | $584,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $3.5M | $1,753,000 | |
| FY2022 | 6 | $5.6M | $546,250 | |
| FY2023 | 2 | $817K | $408,500 | |
| FY2024 | 1 | $3.6M | $3,600,000 | |
| FY2025 | 1 | $2.7M | $2,696,000 | |
| FY2026 | 2 | $870K | $434,750 |
How often do these acquisition loans fail?
Fewer than 20 Landscaping Services in Washington 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 | Washington Trust Bank | 3 | 16.7% | $2.5M | |
| 2 | Live Oak Banking Company | 2 | 11.1% | $3.4M | |
| 3 | RiverBank | 2 | 11.1% | $870K | |
| 4 | Harborstone CU | 2 | 11.1% | $817K | |
| 5 | Banner Bank | 2 | 11.1% | $795K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Grounds Guys | 2 | 11.1% | $795K |
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Questions buyers ask
How much do SBA loans for Landscaping Services acquisitions in Washington run?
The median SBA 7(a) loan was $685,000 across 18 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 Landscaping Services acquisitions in Washington?
Washington Trust Bank (3), Live Oak Banking Company (2), RiverBank (2), Harborstone CU (2), Banner Bank (2).
How often do Landscaping Services acquisition loans fail in Washington?
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 Landscaping Services acquisitions in Washington?
3 of the 18 loans (17%) involved a franchise brand, most often The Grounds Guys (2).
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 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.