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Data

SBA Loan Explorer

Two Cohorts, Two Questions

Volume, median size, and total approved come from FY2020 through FY2025: what buyers are actually financing now. The charge-off rate comes from FY2018-19 change-of-ownership approvals (7-8 years seasoned), and only from there, because a loan approved last year has not had time to fail. Blending the two would make every industry look safe.

A dash in the charge-off column means the sample is too small to publish a rate we would stand behind, not that nothing ever failed. Read the ordering rather than the level: these count loans already written off, so every rate is a floor.

The Data

275 of 275
SBA acquisition lending by industries
Full-Service Restaurants1,972$428k$1.34B5.76% (42/729)
Hotels (except Casino Hotels) and Motels1,654$2.67M$4.71B1.26% (7/556)
Limited-Service Restaurants1,567$370k$992M4.31% (27/627)
General Automotive Repair797$592k$645M3.50% (7/200)
All Other Specialty Trade Contractors716$655k$830M6.25% (6/96)
Plumbing, Heating, and Air-Conditioning Contractors707$735k$805M4.38% (6/137)
Insurance Agencies and Brokerages648$761k$691M3.47% (5/144)
Child Day Care Services595$783k$727M1.28% (3/234)
Landscaping Services588$500k$498M4.51% (6/133)
Beer, Wine, and Liquor Stores543$624k$536M1.48% (6/405)
Home Health Care Services493$706k$489M2.50% (3/120)
Offices of Certified Public Accountants458$500k$347M3.16% (3/95)
Gasoline Stations with Convenience Stores451$1.22M$716M0.37% (1/268)
Offices of Chiropractors421$293k$168M4.88% (6/123)
Fitness and Recreational Sports Centers408$304k$220M10.66% (21/197)
Snack and Nonalcoholic Beverage Bars387$350k$217M7.03% (9/128)
Supermarkets and Other Grocery (except Convenience) Stores358$699k$374M4.12% (4/97)
Offices of Dentists345$741k$340M0.00% (0/128)
Homes for the Elderly340$1.06M$518M0.00% (0/99)
Janitorial Services312$400k$192M1.22% (1/82)
Electrical Contractors300$801k$397M1.37% (1/73)
Beauty Salons297$270k$148M2.03% (3/148)
All Other Professional, Scientific, and Technical Services289$650k$325M1.82% (1/55)
Pet Care (except Veterinary) Services288$473k$213M4.62% (3/65)
Car Washes280$1.23M$496M0.86% (1/116)
General Freight Trucking, Local270$983k$323M8.70% (4/46)
Couriers256$714k$211M3.49% (3/86)
Funeral Homes and Funeral Services243$1.27M$389M1.32% (1/76)
Drinking Places (Alcoholic Beverages)239$353k$136M2.11% (2/95)
Lessors of Miniwarehouses and Self-Storage Units238$1.11M$333M0.00% (0/32)
All Other Personal Services218$409k$178M6.67% (5/75)
Coin-Operated Laundries and Drycleaners218$499k$175M4.00% (3/75)
Broilers and Other Meat Type216$1.12M$313M3.33% (1/30)
Drycleaning and Laundry Services (except Coin-Operated)215$422k$138M5.49% (9/164)
Private Mail Centers214$376k$99.5M2.94% (1/34)
Automotive Body, Paint, and Interior Repair and Maintenance213$655k$216M0.00% (0/67)
Commercial Gravure Printing210$501k$192M1.61% (1/62)
Other Accounting Services206$500k$162M0.00% (0/29)
Residential Remodelers196$549k$196M7.32% (3/41)
Convenience Stores187$476k$118M2.59% (3/116)
Pharmacies and Drug Stores185$1.10M$265M2.94% (4/136)
Machine Shops182$983k$258M0.00% (0/50)
Services for the Elderly and Persons with Disabilities174$501k$203M0.00% (0/15)
Other Services to Buildings and Dwellings172$463k$123M0.00% (0/42)
Engineering Services165$965k$243M0.00% (0/32)
Other Personal Care Services157$450k$126M4.48% (3/67)
Other Computer Related Services149$900k$203M4.17% (1/24)
Roofing Contractors147$957k$206M10.00% (3/30)
Tax Preparation Services142$490k$102M0.00% (0/38)
All Other Amusement and Recreation Industries139$580k$138M6.35% (4/63)
Commercial and Industrial Machinery and Equipment (except Automotive a139$827k$156M0.00% (0/37)
Veterinary Services138$802k$140M1.61% (1/62)
Painting and Wall Covering Contractors126$431k$92.0M
Sign Manufacturing124$575k$108M13.89% (5/36)
Offices of Physical, Occupational and Speech Therapists, and Audiologi119$355k$82.1M4.17% (1/24)
Other Miscellaneous Durable Goods Merchant Wholesalers115$1.01M$168M0.00% (0/20)
Site Preparation Contractors112$844k$149M3.33% (1/30)
Glass and Glazing Contractors109$646k$126M4.00% (1/25)
All Other Miscellaneous Fabricated Metal Product Manufacturing108$1.06M$183M0.00% (0/29)
Other Personal and Household Goods Repair and Maintenance105$368k$67.6M0.00% (0/32)
Flooring Contractors104$619k$108M
Nail Salons104$350k$50.6M4.88% (2/41)
Advertising Agencies103$740k$131M5.56% (1/18)
Hardware Stores103$625k$87.0M0.00% (0/39)
All Other Miscellaneous Store Retailers (except Tobacco Stores)103$350k$79.7M1.67% (1/60)
Offices of Physicians (except Mental Health Specialists)99$970k$132M3.57% (1/28)
Residential Property Managers97$657k$90.1M0.00% (0/23)
Baked Goods Stores95$412k$60.1M10.53% (2/19)
Other Building Finishing Contractors94$808k$112M5.26% (1/19)
Remediation Services90$594k$104M
Wood Kitchen Cabinet and Countertop Manufacturing86$990k$114M0.00% (0/21)
Offices of All Other Miscellaneous Health Practitioners85$496k$71.5M9.09% (2/22)
Commercial and Institutional Building Construction84$1.33M$144M7.41% (2/27)
Industrial Machinery and Equipment Merchant Wholesalers84$1.09M$119M8.33% (2/24)
Other Building Equipment Contractors83$683k$92.6M
RV (Recreational Vehicle) Parks and Campgrounds83$763k$91.6M0.00% (0/15)
Retail Bakeries82$405k$55.3M5.88% (1/17)
Sporting Goods Stores82$303k$46.6M3.57% (2/56)
Custom Computer Programming Services80$1.20M$118M0.00% (0/27)
Commercial Screen Printing80$413k$64.1M0.00% (0/23)
New Car Dealers79$3.60M$263M
General Freight Trucking, Long Distance, Truckload78$1.08M$126M
Carpet and Upholstery Cleaning Services77$339k$51.8M
Marketing Consulting Services76$729k$71.0M
Computer Systems Design Services76$883k$98.4M0.00% (0/15)
All Other Miscellaneous Manufacturing75$655k$96.9M0.00% (0/23)
Automotive Oil Change and Lubrication Shops73$728k$74.7M0.00% (0/25)
Administrative Management and General Management Consulting Services73$1.12M$108M0.00% (0/19)
Exterminating and Pest Control Services72$403k$42.7M
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip72$1.08M$115M
Other Building Material Dealers72$658k$72.0M8.51% (4/47)
Automotive Parts and Accessories Stores72$590k$53.9M6.98% (3/43)
Other Activities Related to Real Estate71$625k$78.5M
Electronic Shopping and Mail-Order Houses69$765k$85.6M14.71% (5/34)
Offices of Lawyers68$488k$59.1M0.00% (0/21)
Poured Concrete Foundation and Structure Contractors68$500k$63.7M
Local Messengers and Local Delivery68$826k$71.4M0.00% (0/24)
Finish Carpentry Contractors63$667k$70.5M
Other Miscellaneous Nondurable Goods Merchant Wholesalers62$1.29M$99.6M
Septic Tank and Related Services61$444k$42.8M
Industrial Supplies Merchant Wholesalers61$1.07M$85.4M
All Other Automotive Repair and Maintenance61$475k$48.3M4.17% (1/24)
Nursing Care Facilities61$1.20M$96.0M0.00% (0/16)
Bowling Centers60$1.14M$81.5M0.00% (0/20)
All Other Specialty Food Stores59$332k$28.2M5.08% (3/59)
Motor Vehicle Towing58$1.20M$96.1M5.26% (1/19)
Employment Placement Agencies57$1.00M$93.2M0.00% (0/20)
Used Household and Office Goods Moving57$759k$64.8M
Landscape Architectural Services56$675k$63.1M5.00% (1/20)
Caterers56$560k$50.9M19.05% (4/21)
Solid Waste Collection56$581k$54.0M0.00% (0/20)
Sports and Recreation Instruction55$389k$38.0M0.00% (0/20)
Investment Advice54$783k$66.0M0.00% (0/54)
Interior Design Services54$480k$42.2M
All Other Miscellaneous Schools and Instruction54$435k$52.7M7.14% (2/28)
Florists53$158k$23.9M5.00% (1/20)
Offices of Real Estate Agents and Brokers51$467k$43.9M0.00% (0/16)
Lessors of Nonresidential Buildings (except Miniwarehouses)51$802k$56.8M5.56% (1/18)
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal50$700k$61.0M
Elementary and Secondary Schools49$563k$45.0M0.00% (0/19)
Drywall and Insulation Contractors48$896k$77.0M
Offices of Optometrists48$456k$31.4M0.00% (0/15)
All Other Miscellaneous Wood Product Manufacturing48$768k$71.5M
Exam Preparation and Tutoring47$348k$25.1M4.76% (1/21)
All Other Plastics Product Manufacturing47$1.68M$91.0M0.00% (0/17)
Other Direct Selling Establishments45$500k$32.4M0.00% (0/23)
Freight Transportation Arrangement44$760k$56.1M
Tire Dealers44$770k$51.0M0.00% (0/30)
Other Residential Care Facilities43$1.00M$52.5M0.00% (0/20)
Cut Stone and Stone Product Manufacturing43$782k$48.4M
Testing Laboratories43$523k$39.7M
Other Services Related to Advertising43$459k$45.9M
Other Commercial and Industrial Machinery and Equipment Rental and Lea43$900k$63.1M
Pet and Pet Supplies Stores42$459k$38.4M3.85% (1/26)
Nursery and Garden Centers41$470k$38.2M0.00% (0/16)
Offices of Mental Health Practitioners (except Physicians)40$545k$34.7M
Fabricated Structural Metal Manufacturing40$1.40M$79.0M
Bed-and-Breakfast Inns40$1.42M$69.4M0.00% (0/17)
Other Grocery and Related Products Merchant Wholesalers40$428k$43.6M
All Other Support Services39$435k$43.3M
Masonry Contractors38$896k$44.7M
Automotive Glass Replacement Shops38$583k$29.2M5.56% (1/18)
Graphic Design Services38$298k$17.8M
Data Processing, Hosting, and Related Services38$774k$54.8M
Other Foundation, Structure, and Building Exterior Contractors37$994k$49.1M
Sporting and Recreational Goods and Supplies Merchant Wholesalers37$551k$29.5M
Other Business Service Centers (including Copy Shops)36$438k$15.9M
Used Car Dealers36$1.15M$55.0M13.33% (2/15)
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers35$1.44M$58.4M
Chicken Egg Production35$1.32M$43.0M
Other Scientific and Technical Consulting Services35$762k$53.9M
Other Heavy and Civil Engineering Construction34$1.41M$63.9M
Food Service Contractors34$602k$35.7M
Breweries34$619k$34.5M
All Other Home Furnishings Stores33$390k$32.9M10.00% (2/20)
Other Management Consulting Services33$732k$39.9M
Fine Arts Schools33$250k$13.2M5.88% (1/17)
Other Clothing Stores33$315k$15.0M0.00% (0/28)
Motor Vehicle Supplies and New Parts Merchant Wholesalers32$630k$35.4M
Floor Covering Stores32$690k$34.0M
Furniture Stores32$505k$36.3M0.00% (0/23)
Architectural Services32$735k$35.5M
New Single-Family Housing Construction (except Operative Builders)31$1.33M$50.3M
Home Centers30$734k$29.1M
Meat Markets30$201k$15.5M
Gift, Novelty, and Souvenir Stores30$321k$17.4M3.13% (1/32)
General Line Grocery Merchant Wholesalers30$823k$44.4M
Other Chemical and Allied Products Merchant Wholesalers29$1.11M$43.6M
General Rental Centers29$775k$32.4M
Recreational Vehicle Dealers29$1.80M$51.2M
Specialized Freight (except Used Goods) Trucking, Local29$900k$34.4M
Motorcycle, ATV, and All Other Motor Vehicle Dealers29$1.03M$38.9M0.00% (0/18)
Boat Dealers29$1.39M$44.4M
Hardware Merchant Wholesalers29$1.25M$46.6M
Water and Sewer Line and Related Structures Construction28$745k$42.5M
Service Establishment Equipment and Supplies Merchant Wholesalers28$860k$30.3M
Special Needs Transportation27$650k$28.9M
Farm Supplies Merchant Wholesalers26$771k$28.7M
Security Systems Services (except Locksmiths)26$655k$34.0M
All Other Business Support Services26$659k$24.6M
Building Inspection Services26$475k$19.5M
Offices of Other Holding Companies25$1.86M$55.9M
Wood Container and Pallet Manufacturing25$978k$38.0M
Educational Support Services25$327k$16.9M
Locksmiths25$500k$25.6M0.00% (0/16)
Packaging and Labeling Services25$940k$33.8M
Other Individual and Family Services25$520k$18.3M
Water Supply and Irrigation Systems25$500k$29.3M
Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers24$900k$29.0M
Precision Turned Product Manufacturing24$1.45M$38.5M
Commercial Bakeries24$242k$21.3M
Golf Courses and Country Clubs24$949k$26.9M
All Other Miscellaneous Electrical Equipment and Component Manufacturi24$1.07M$40.4M
Wineries23$795k$24.0M
Other Waste Collection23$473k$12.5M
Marinas23$1.37M$43.3M
Electroplating, Plating, Polishing, Anodizing, and Coloring23$1.14M$33.7M
All Other Miscellaneous Waste Management Services23$629k$27.2M
Offices of Podiatrists23$461k$12.8M
Sporting and Athletic Goods Manufacturing23$940k$29.2M
Electronics Stores23$312k$13.5M
Wholesale Trade Agents and Brokers23$730k$26.2M
Sheet Metal Work Manufacturing23$952k$33.2M
Outdoor Power Equipment Stores23$578k$20.4M
Confectionery and Nut Stores22$349k$11.8M
Highway, Street, and Bridge Construction22$842k$43.0M
Siding Contractors22$600k$16.8M
Support Activities for Oil and Gas Operations22$426k$25.8M
Automobile and Other Motor Vehicle Merchant Wholesalers22$927k$28.9M
Other Commercial Equipment Merchant Wholesalers22$774k$23.4M
Temporary Help Services22$1.14M$30.9M
Women's Clothing Stores22$303k$13.5M5.00% (1/20)
Medical Laboratories21$440k$19.3M
Other Construction Material Merchant Wholesalers21$890k$27.7M
Other Poultry Production21$1.08M$26.3M
Wood Window and Door Manufacturing21$1.06M$26.7M
Recyclable Material Merchant Wholesalers21$1.58M$32.5M
Window Treatment Stores21$360k$12.6M
Apparel Accessories and Other Apparel Manufacturing21$430k$24.0M
All Other Outpatient Care Centers20$991k$26.4M
Office Supplies and Stationery20$275k$7.20M
Other Specialized Design Services20$703k$17.5M
Cemeteries and Crematories20$925k$22.6M
Environmental Consulting Services20$694k$24.1M
Postal Service20$468k$10.9M
Tile and Terrazzo Contractors20$740k$20.3M
Lessors of Other Real Estate Property19$941k$22.4M
Furniture Merchant Wholesalers19$594k$27.2M
Mobile Food Services19$150k$4.57M
Barber Shops18$451k$14.0M
Residential Mental Health and Substance Abuse Facilities18$1.30M$30.0M
Scenic and Sightseeing Transportation, Water18$467k$12.5M
Meat Processed from Carcasses18$776k$17.5M
Metal Service Centers and Other Metal Merchant Wholesalers18$1.10M$33.8M
Automobile Driving Schools18$428k$14.5M
Title Abstract and Settlement Offices18$647k$17.6M
Dental Laboratories18$585k$20.2M
Fruit and Vegetable Markets18$240k$10.4M
Other Industrial Machinery Manufacturing18$806k$18.7M
Industrial Mold Manufacturing18$899k$19.9M
Appliance Repair and Maintenance18$569k$11.2M
Software Publishers18$890k$25.9M
Cafeterias, Grill Buffets, and Buffets18$353k$10.1M
All Other Health and Personal Care Stores18$1.40M$23.2M
Ornamental and Architectural Metal Work Manufacturing17$1.45M$29.3M
All Other Miscellaneous Chemical Product and Preparation Manufacturing17$500k$20.7M
All Other Transit and Ground Passenger Transportation17$669k$17.5M
Drugs and Druggists' Sundries Merchant Wholesalers17$1.66M$32.1M
Other Technical and Trade Schools17$645k$21.2M
Security Guards and Patrol Services17$506k$21.9M
Metal Coating, Engraving (except Jewelry and Silverware), and Allied S17$500k$9.75M
Nursery and Tree Production17$853k$21.2M
Photography Studios, Portrait17$450k$16.6M
Amusement Arcades17$795k$24.2M
Surveying and Mapping (except Geophysical) Services17$772k$17.9M
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers16$390k$19.2M
Reupholstery and Furniture Repair16$430k$9.95M
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Whole16$1.83M$34.8M
Support Activities for Animal Production16$653k$13.5M
Claims Adjusting16$833k$20.8M
Office Administrative Services16$773k$23.0M
Meat and Meat Product Merchant Wholesalers16$1.38M$26.9M
Industrial Building Construction16$866k$26.8M
Cosmetics, Beauty Supplies, and Perfume Stores16$383k$9.66M
Professional and Management Development Training16$818k$22.0M
Public Relations Agencies16$1.00M$24.2M
Other Support Activities for Road Transportation15$500k$14.1M
Brick, Stone, and Related Construction Material Merchant Wholesalers15$1.06M$23.4M
Offices of Physicians, Mental Health Specialists15$382k$15.1M
Musical Instrument and Supplies Stores15$500k$12.0M
All Other Legal Services15$300k$12.5M
Power and Communication Line and Related Structures Construction15$1.35M$27.6M
Computer Facilities Management Services15$956k$18.4M
Home and Garden Equipment Repair and Maintenance15$545k$15.0M
Hobby, Toy, and Game Stores15$450k$7.42M

Source

Computed from the SBA 7(a) and 504 FOIA data, filtered to the approvals the SBA flags as a change of ownership, which is what a buyer actually takes on. Figures are approvals, not closings.

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