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General Automotive Repair: SBA acquisition loans, nationwide

This page covers General Automotive Repair, NAICS 811111. It uses loans the SBA 7(a) file labels Change of Ownership, from FY2020 to Jun 30, 2026.

Cancelled loans are removed. Nationwide, 840 acquisition loans in this industry are in the file.

The busiest year was FY2025, with 159 acquisition loans.

Across all industries, the national median approved amount is $679,600. The seasoned charge-off rate is about 2% by count.

Use these as reference points for context. They are not a forecast and not a rating of this industry.

Choose a state to see local loan counts, lender activity and Census business counts.

Some states do not have enough loans to show. Those cells say so.

The file only covers SBA 7(a) loans labeled change of ownership, so it leaves out cash, seller-note and bank deals.

Read the methodology for filters, dates and known gaps.

SBA changed industry codes in 2022. The same industry can appear under an old code (loans to FY2022) and a new code (loans from FY2022). Each page shows only its own code, so neither shows the full history.

National snapshot

MeasureValueWhat it means
Acquisition loans840Number of 7(a) loans labeled Change of Ownership, FY2020 to Jun 30, 2026. Cancelled loans are removed.
Loans by year
  • FY202099
  • FY2021122
  • FY2022115
  • FY2023117
  • FY2024119
  • FY2025159
  • FY2026 (to Jun 30)109
Acquisition loans by SBA fiscal year. FY2026 covers Oct 1 to Jun 30 only. Years with fewer than 10 loans are hidden.
Median approved amount$601,000The middle approved amount. Half of the loans were approved for more and half for less. Gross approved amounts, rounded to $1,000.
Middle half of approved amounts$327,000 to $1,150,000The range that holds the middle half of approved amounts, from the lower quarter mark to the upper quarter mark.
Total approved$701.5MThe sum of all gross approved loan amounts in this cell. These are approved amounts, not money paid out. Rounded to $0.1 million.
Term120 monthsThe median loan term, in months.
Rate8.25%The median initial interest rate.
Rate typeAbout 80% variableHow many of these loans have variable rates, rounded to the nearest 10%.
Seasoned charge-off rateAbout 3% of 100 or more seasoned loans EstimateThe share of loans approved in FY2020 to FY2022 that SBA lists as charged off, counted by loans. Charged off is a loan status, not a business closing. Older loans have had more time to be charged off. With under 100 seasoned loans, this shows a band. With under 30, it is hidden.
National charge-off rateAbout 2% EstimateThe same measure across all industries. It is about 2% by count.
Lenders in the SBA file282The number of distinct lenders that hold these loans in the SBA file. The file lists the current lender, which may not be the original lender. Counts are not a ranking or a recommendation.
Lenders holding the most loansLive Oak Banking Company 145
The Huntington National Bank 46
U.S. Bank, National Association 17
Manufacturers and Traders Trust Company 16
BayFirst National Bank 11
Byline Bank 11
First Internet Bank of Indiana 11
Plumas Bank 11		Lenders that hold 10 or more loans in this cell, by count. Names come from public data.
Top countiesMaricopa 22
Jefferson 16
Los Angeles 16
Harris 14
Orange 14
Dallas 13
San Diego 13
Middlesex 12
Washington 12
Cook 11
King 11
Clark 10
Tarrant 10		Counties with the most acquisition loans in this cell. Counties with fewer than 10 loans are hidden.
Franchise share13.0%The share of acquisition loans in this cell that were for franchises. Hidden when fewer than 10 loans were for franchises.

Local business locations (Census 2023)

Business locations84,859Census County Business Patterns 2023: business locations, employees and annual payroll for this industry and area. Census adds small amounts of noise.
Employees403,389
Annual payroll$21.39B
Business locations by employee count
  • Under 555,637
  • 5 to 920,883
  • 10 to 196,564
  • 20 to 491,472
  • 50 to 99187
  • 100 or more43
Business locations with 10 to 49 employees8,036Census count of local business locations in that size band.

Data as of: Jun 30, 2026.

States with enough loans to show

Each link opens the snapshot for that state.

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