Snack and Nonalcoholic Beverage Bars acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 28 7(a) loans to buy an existing business classified as Snack and Nonalcoholic Beverage Bars in Washington, totaling $9.5M. The median loan was $247,500. That is 1.4% of the 2,006 acquisition loans in Washington.
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How this compares
The median Snack and Nonalcoholic Beverage Bars loan in Washington is 63% lower than the $675,000 median for all Washington acquisitions, and 22% lower than the $317,500 median for Snack and Nonalcoholic Beverage Bars acquisitions nationwide (549 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.9% of seasoned Snack and Nonalcoholic Beverage Bars acquisition loans were charged off, and 3.4% of seasoned Washington acquisition loans of any type.
Snack and Nonalcoholic Beverage Bars acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $877K | $191,000 | |
| FY2019 | 4 | $832K | $180,500 | |
| FY2020 | 2 | $2.2M | $1,083,000 | |
| FY2021 | 1 | $154K | $154,000 | |
| FY2022 | 3 | $515K | $130,000 | |
| FY2023 | 5 | $1.2M | $210,000 | |
| FY2024 | 2 | $880K | $440,000 | |
| FY2025 | 3 | $1.6M | $549,000 | |
| FY2026 | 5 | $1.3M | $264,000 |
How often do these acquisition loans fail?
Fewer than 20 Snack and Nonalcoholic Beverage Bars 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | East West Bank | 4 | 14.3% | $1.1M | |
| 2 | Hanmi Bank | 3 | 10.7% | $924K | |
| 3 | Banner Bank | 2 | 7.1% | $585K | |
| 4 | Heritage Bank | 2 | 7.1% | $329K | |
| 5 | Seattle Economic Development Fund dba Community Ca | 2 | 7.1% | $260K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Baskin-Robbins | 3 | 10.7% | $467K | |
| 2 | Dairy Queen | 1 | 3.6% | $600K | |
| 3 | Cold Stone Creamery | 1 | 3.6% | $505K |
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Questions buyers ask
How much do SBA loans for Snack and Nonalcoholic Beverage Bars acquisitions in Washington run?
The median SBA 7(a) loan was $247,500 across 28 loans (FY2018 to FY2026), with the middle half between $187,000 and $352,500. 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 Snack and Nonalcoholic Beverage Bars acquisitions in Washington?
East West Bank (4), Hanmi Bank (3), Banner Bank (2), Heritage Bank (2), Seattle Economic Development Fund dba Community Ca (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Snack and Nonalcoholic Beverage Bars 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 Snack and Nonalcoholic Beverage Bars acquisitions in Washington?
10 of the 28 loans (36%) involved a franchise brand, most often Baskin-Robbins (3).
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Washington acquisitions
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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.