SMALL BUSINESS LENDING INTEL

OWNERSHIP TRANSFERS

Acquisitions and Partner Buyouts

FY2024 Change of Ownership Statistics

FY2024 (FY is SBA’s fiscal year ending 9/30/24) SBA 7(a) change of ownership loans

Change of ownership loans include asset and equity acquisitions and partner buyouts. 

  • 627 banks funded 4,151 startup loans for 444 industries. Of these 498 were franchise funded loans for 265 different brands in 90 different industries. 

  • SBA change of ownership loans were funded in all 50 states with borrowers from 1,890 cities. 47 states had a funded franchise change of ownership SBA loan for borrowers from 389 different cities.

  • Of all franchise SBA loan dollars funded over the last year 23% went to change of ownership loans.

  • 49% of banks who funded a loan in last 12 months funded a change of ownership loan but only 13% funded a franchise change of ownership loan and only 9% if the franchise loan was over $500K.

  • There were 1,503 change of ownership loans which funded over $1 million with 227 franchise loans over this amount.

  • For FY2024 change of ownership loans represented 23% of all funded dollars and 30% of franchisee funded dollars.

Franchise funded loan amount tiers

4% loan amounts < $150,000

15% loan amounts $150,000-$350,000

35% loan amounts $350,000-$1 million

46% loan amounts > $1 million

12% loan amounts > $ 4 million

Funded loan amount tiers

11% loan amounts < $150,000

16% loan amounts $150,000-$350,000

37% loan amounts $350,000-$1 million

36% loan amounts > $1 million

5% loan amounts > $ 4 million

Out of state lenders dominate change of ownership loans

  • 84% of change of ownership franchise dollars are funded by out of state lenders. 

  • 72% of non-franchise change of ownership dollars are funded by out of state lenders

  • 74% of all change of ownership funded dollars are funded by out of state lenders

  • 77% of change of ownership franchise loans under $150K are out of state bank funded while 87% of franchise change of ownership over $1M are funded by out of state lenders.

Project States for Change of Ownership Loans

FY 2024 SBA 7(a) Change of Ownership Funded Dollars

All 50 states had a change of ownership loan funded with borrowers from 1,890 cities.

Top Industries in SBA Lending: Change of Ownership Loans

FY 2024 SBA 7(a) Funded Loans

All LOANS

FRANCHISE LOANS

Top 20 Franchise Brands for Change of Ownership Loans

FY 2024 SBA 7(a) Change of Ownership Funded Loans

For all funded change of ownership loans in FY 2024 there were loans to 265 different franchise brands with an average loan amount of $1,577,191.

Last 2 Years Change of Ownership Lending Geography

FY 2024 & FY 2023 SBA 7(a) Change of Ownership Approved Loans

All LOANS

FRANCHISE LOANS

SBADNA Analytics

Source: All SBA 7(a) data shared is based on all SBA lending from all sources and not from SBA lending through LoanBox. SBA data and reports are not from the SBA but from SBA data from the lending analytics platform developed and maintained by SBADNA Analytics. SBADNA and LoanBox are both owned by the same parent company FuseSync LLC.  LoanBox and SBADNA does not validate or verify the data released by the SBA and provides no warranty of data accuracy or completeness.  

Data Source & Methodology

The original source of SBA loan data is derived from data released by the U.S. Small Business Administration (SBA). The SBA collects individual loan data from the SBA lender/bank approving and providing SBA loans. The SBA then makes basic loan data public through the FOIA (Freedom of Information Act) requirements. The SBA FOIA data is imported into the SBADNA advanced analytics platform which is then used to generate the reports and rankings

Read more about SBADNA utilizing SBA loan data source and methodology.