Supermarkets and Other Grocery Retailers acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 39 7(a) loans to buy an existing business classified as Supermarkets and Other Grocery Retailers in Washington, totaling $45.3M. The median loan was $916,500. That is 1.9% of the 2,006 acquisition loans in Washington.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Supermarkets and Other Grocery Retailers loan in Washington is 36% higher than the $675,000 median for all Washington acquisitions, and 44% higher than the $634,600 median for Supermarkets and Other Grocery Retailers acquisitions nationwide (465 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.9% of seasoned Supermarkets and Other Grocery Retailers acquisition loans were charged off, and 3.4% of seasoned Washington acquisition loans of any type.
Supermarkets and Other Grocery Retailers acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $2.6M | $579,500 | |
| FY2019 | 4 | $2.1M | $376,000 | |
| FY2020 | 5 | $3.4M | $463,000 | |
| FY2021 | 4 | $5.7M | $1,377,200 | |
| FY2022 | 1 | $470K | $470,000 | |
| FY2023 | 5 | $7.1M | $1,324,000 | |
| FY2024 | 3 | $2.7M | $1,125,000 | |
| FY2025 | 8 | $10.8M | $1,050,250 | |
| FY2026 | 5 | $10.3M | $1,782,200 |
How often do these acquisition loans fail?
Fewer than 20 Supermarkets and Other Grocery Retailers 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 5 | 12.8% | $8.1M | |
| 2 | UniBank | 5 | 12.8% | $3M | |
| 3 | Hanmi Bank | 4 | 10.3% | $5.8M | |
| 4 | Open Bank | 3 | 7.7% | $7.5M | |
| 5 | Celtic Bank Corporation | 3 | 7.7% | $5.6M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Supermarkets and Other Grocery Retailers acquisitions in Washington run?
The median SBA 7(a) loan was $916,500 across 39 loans (FY2018 to FY2026), with the middle half between $461,000 and $1,480,500. 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 Supermarkets and Other Grocery Retailers acquisitions in Washington?
Readycap Lending, LLC (5), UniBank (5), Hanmi Bank (4), Open Bank (3), Celtic Bank Corporation (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Supermarkets and Other Grocery Retailers 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 Supermarkets and Other Grocery Retailers acquisitions in Washington?
1 of the 39 loans (3%) involved a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex 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 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.