General Automotive Repair acquisitions in Wisconsin: SBA loan data
Since FY2018, SBA lenders have approved 35 7(a) loans to buy an existing business classified as General Automotive Repair in Wisconsin, totaling $27.6M. The median loan was $462,000. That is 2.4% of the 1,452 acquisition loans in Wisconsin.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median General Automotive Repair loan in Wisconsin is 18% lower than the $562,750 median for all Wisconsin acquisitions, and 18% lower than the $562,500 median for General Automotive Repair acquisitions nationwide (1,089 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.4% of seasoned General Automotive Repair acquisition loans were charged off, and 2.6% of seasoned Wisconsin acquisition loans of any type.
General Automotive Repair acquisition loans in Wisconsin by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.7M | $1,830,450 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 5 | $2.4M | $353,500 | |
| FY2021 | 4 | $2.3M | $628,500 | |
| FY2022 | 7 | $5.5M | $462,000 | |
| FY2023 | 4 | $1.3M | $339,650 | |
| FY2024 | 5 | $5.7M | $400,000 | |
| FY2025 | 4 | $3.9M | $743,350 | |
| FY2026 | 4 | $2.9M | $644,400 |
How often do these acquisition loans fail?
Fewer than 20 General Automotive Repair in Wisconsin 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CCFBank National Association | 3 | 8.6% | $2.9M | |
| 2 | Lake Ridge Bank | 3 | 8.6% | $1.8M | |
| 3 | Live Oak Banking Company | 2 | 5.7% | $5.3M | |
| 4 | The Stephenson National Bank and Trust | 2 | 5.7% | $2.7M | |
| 5 | Summit CU | 2 | 5.7% | $1.1M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for General Automotive Repair acquisitions in Wisconsin run?
The median SBA 7(a) loan was $462,000 across 35 loans (FY2018 to FY2026), with the middle half between $325,900 and $864,100. 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 General Automotive Repair acquisitions in Wisconsin?
CCFBank National Association (3), Lake Ridge Bank (3), Live Oak Banking Company (2), The Stephenson National Bank and Trust (2), Summit CU (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do General Automotive Repair acquisition loans fail in Wisconsin?
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 General Automotive Repair acquisitions in Wisconsin?
None of the 35 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Wisconsin acquisitions
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- General Automotive Repair in Colorado
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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.