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Data

SBA 7(a) Acquisition Loan Statistics

Where Rates and Sizes Are Now

Typical Rate Today

~9%

Prime (7% since Sep 17, 2026) + ~2%

Well-Qualified Borrowers

8.75–9.5%

Average Rate, Q4 2025

8.86%

Across 1,153 change-of-control loans

Median Acquisition Loan

$775,000

Q4 2025 change-of-control

FY2025 Acquisition Loans

7,533

Change-of-ownership approvals

Single-Loan 7(a) Cap

$5,000,000

Largest published pairing on our shelf ~$10,000,000

Guaranty Cap per Borrower

$3,750,000

Across all loans and affiliates; a top-size 7(a) uses it in full

The Prime Rate Behind Every Quote

6%6.5%7%7.5%8%8.5%9%202420252026
Prime rate by effective date since mid-2023. Variable 7(a) pricing is quoted as prime plus a negotiated spread.
8 of 8
Prime rate changes and the rate at today's typical spread
Sep 17, 20267%~9.00%
Dec 11, 20256.75%~8.75%
Oct 30, 20257%~9.00%
Sep 18, 20257.25%~9.25%
Dec 19, 20247.5%~9.50%
Nov 8, 20247.75%~9.75%
Sep 19, 20248%~10.00%
Jul 27, 20238.5%~10.50%

How Big the Market Is

FY2025 7(a) Approvals

78,078

Loans totaling ~$37.3B, up from $31.1B in FY2024

Program Growth

+19.9%

7(a) dollars, FY2024 to FY2025

FY2025 Acquisition Dollars

~$8.8B

Change-of-ownership approvals, up ~31% from FY2024

Average Acquisition Loan

~$1.17M

Versus $477,642 across the whole program

The Rules in Force

SOP 50 10 8.1 governs SBA applications received from October 1, 2026. An outright purchase needs 10% of total project cost as equity that no lender can reduce. A seller note counts toward it only subordinated and on full standby for the life of the loan, and only up to half together with the other limited sources, standby money and minority equity among them. Debt service coverage must reach 1.25 on the last fiscal year or a two-year average, and on projections only for an owner-occupied special purpose property whose appraised value fully covers the loan.

Acquisition-Lending Leaders

Slice the Loans Yourself

Volume, median size, and total approved come from FY2020 through FY2025: what buyers are 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 that column means the sample is too small to publish a rate worth standing behind, not that nothing ever failed, and every rate is a floor because it counts loans already written off.

301 of 301
SBA acquisition lending by industries
Full-Service Restaurants1,971$428k$1.34B6.72% (49/729)
Hotels (except Casino Hotels) and Motels1,657$2.68M$4.72B1.44% (8/556)
Limited-Service Restaurants1,568$370k$992M5.58% (35/627)
Beer, Wine, and Liquor Retailers1,301$685k$1.33B1.98% (8/405)
Gasoline Stations with Convenience Stores1,063$1.41M$1.93B0.37% (1/268)
General Automotive Repair798$593k$648M5.00% (10/200)
All Other Specialty Trade Contractors717$657k$831M–
Plumbing, Heating, and Air-Conditioning Contractors707$735k$805M5.11% (7/137)
Insurance Agencies and Brokerages648$761k$691M3.47% (5/144)
Child Care Services595$783k$727M1.28% (3/234)
Landscaping Services588$500k$498M4.51% (6/133)
Home Health Care Services492$706k$488M2.50% (3/120)
Offices of Certified Public Accountants458$500k$347M–
Offices of Chiropractors421$293k$168M5.69% (7/123)
Fitness and Recreational Sports Centers408$304k$220M12.18% (24/197)
Snack and Nonalcoholic Beverage Bars387$350k$217M7.81% (10/128)
Convenience Retailers370$514k$257M3.45% (4/116)
Supermarkets and Other Grocery Retailers (except Convenience Retailers)359$698k$374M–
Pharmacies and Drug Retailers352$1.19M$518M3.68% (5/136)
Offices of Dentists345$741k$340M0.00% (0/128)
Assisted Living Facilities for the Elderly340$1.06M$518M–
Janitorial Services312$400k$192M–
Electrical Contractors and Other Wiring Installation Contractors300$801k$397M–
Beauty Salons297$270k$148M2.70% (4/148)
All Other Professional, Scientific, and Technical Services288$650k$324M–

Method & Source

Figures are drawn from the SBA's public loan-level data and analyses that recompute against it, cross-checked before publishing; each figure above carries the caveats of its source period. Q4 2025 reflects a shortened processing window (the late-2025 government shutdown paused SBA approvals for several weeks). The SBA's loan-level file marks a change of ownership in its business-age field, and the acquisition figures here are counted from that mark, the same rows the acquisition-lending page reads.