Acquisition loan snapshots

Pick an industry and a state. Ownerbound shows how many SBA 7(a) loans labeled change of ownership were approved there, and how big they were.

We count loans that the SBA 7(a) file labels Change of Ownership. Cancelled loans are removed.

These are loans the SBA approved. Most were paid out. About 6% were approved but not yet paid out, and about 10% are credit lines. Cash deals, seller-note deals and bank deals do not appear.

The numbers describe past loans. They do not predict what any buyer will pay, borrow or earn.

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.

Pick an industry and a state

Industry State

Plumbing, Heating, and Air-Conditioning Contractors (NAICS 238220): Texas

Measure	Value	What it means
Acquisition loans	73	Number of 7(a) loans labeled Change of Ownership, FY2020 to Jun 30, 2026. Cancelled loans are removed.
Loans by year	FY2020Under 10 FY202113 FY2022Under 10 FY2023Under 10 FY202415 FY202517 FY2026 (to Jun 30)20	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	$755,000	The 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	$300,000 to $1,150,000	The range that holds the middle half of approved amounts, from the lower quarter mark to the upper quarter mark.
Total approved	$67.1M	The sum of all gross approved loan amounts in this cell. These are approved amounts, not money paid out. Rounded to $0.1 million.
Term	120 months	The median loan term, in months.
Rate	9.25%	The median initial interest rate.
Rate type	All variable	How many of these loans have variable rates, rounded to the nearest 10%.
Seasoned charge-off rate	Not enough loans to show this number.	The 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 rate	About 2% Estimate	The same measure across all industries. It is about 2% by count.
Lenders in the SBA file	28	The 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 loans	Live Oak Banking Company 17	Lenders that hold 10 or more loans in this cell, by count. Names come from public data.
Top counties	Dallas 12	Counties with the most acquisition loans in this cell. Counties with fewer than 10 loans are hidden.
Franchise share	Not enough loans to show this number.	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 locations	8,966	Census County Business Patterns 2023: business locations, employees and annual payroll for this industry and area. Census adds small amounts of noise.
Employees	105,623
Annual payroll	$7.38B
Business locations by employee count	Under 55,010 5 to 91,844 10 to 191,098 20 to 49651 50 to 99209 100 or more152
Business locations with 10 to 49 employees	1,749	Census count of local business locations in that size band.

Data as of: Jun 30, 2026.

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National context

In FY2025 the file shows 6,868 acquisition loans. That is about 10.7% of all 7(a) loans that year.

The national median approved amount since FY2020 is $679,600.

The first nine months of FY2026 show 4,420 acquisition loans. That is down about 12% from the same months of FY2025.

The percentages above are estimates.

How to read a snapshot

Small cells are hidden to protect borrowers. A cell needs at least 10 loans to show a number.
Charge-off rates need at least 30 seasoned loans. Seasoned means approved in FY2020 to FY2022. Under 100 seasoned loans, we show a band.
Loan status is shown as last reported in the file.

Ownerbound hides any cell with fewer than 10 loans. It shows a charge-off rate only with 30 or more seasoned loans. This protects small business owners in the public file.