SBA 7(a) Lending Data
SBA 7(a) loan statistics by state from the SBA FOIA dataset, alongside live on-market listing prices. Track lending activity and average loan sizes.
National Overview
Total SBA Loans (YTD)
144,178
Across all states
National Average Loan
$522,423
Mean across states
States Tracked
5
Major markets
State-by-State Data
| State | SBA 7(a) Loans | Average Loan Size | Median Listing Price |
|---|---|---|---|
| California | 43,459 | $629,848 | $305,000 |
| Texas | 28,501 | $731,242 | $360,000 |
| Florida | 27,759 | $557,928 | $325,000 |
| New York | 23,225 | $370,825 | $500,000 |
| Ohio | 21,234 | $322,273 | $352,500 |
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Understanding SBA 7(a) Loans
Who Qualifies?
- ✓U.S. Citizens/Residents: You must be a U.S. citizen or permanent resident
- ✓Business Ownership: You must have 20%+ ownership stake
- ✓Good Credit: Typically 700+ credit score required
- ✓Collateral: Lenders require personal guarantee and business assets as collateral
Key Terms
Loan Amount
Up to $5 million
Repayment Terms
5-10 years typical for acquisitions
Down Payment
10-20% of purchase price
SBA Guarantee
75-90% of loan amount
SBA Loan Uses for Acquisition
Allowed Uses
- Purchase of business assets
- Owner's equity injection (down payment)
- Working capital for acquired business
- Equipment and inventory
- Assumption of seller financing
Not Allowed
- Paying off personal debt
- Real estate (unless used in business)
- Refinancing other business debt
- Margin accounts or securities
- Charitable contributions
Timeline Expectations
- Application: 1-2 weeks
- SBA Review: 2-3 weeks
- Underwriting: 1-2 weeks
- Closing & Funding: 1-2 weeks
- Total: 30-45 days typical
Document Requirements
- Personal tax returns (3 years)
- Business tax returns & financials
- Personal financial statement
- Business purchase agreement
- Detailed business plan
- Credit report authorization