52 states and territories
Acquisitions by state
Where small businesses are being bought, and for how much. The state median loan varies by more than a factor of three across the country, which is mostly a difference in what kind of business dominates the local economy rather than a difference in what the same business is worth in two places.
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All states
| State | Acquisitions | Capital | Median loan | Median rate | Median term | Cancelled |
|---|---|---|---|---|---|---|
| CA California | 4,286 | $4.7bn | $625,000 | 7.94% | 10 years | 10.1% |
| TX Texas | 3,367 | $4.6bn | $900,000 | 7.75% | 10 years | 8.4% |
| FL Florida | 2,995 | $3.6bn | $773,500 | 8.25% | 10 years | 9.0% |
| WA Washington | 1,673 | $1.9bn | $678,000 | 7.75% | 10 years | 9.5% |
| CO Colorado | 1,561 | $1.7bn | $674,000 | 7.75% | 10 years | 8.0% |
| MN Minnesota | 1,537 | $1.2bn | $480,000 | 7.00% | 10 years | 7.1% |
| GA Georgia | 1,483 | $2.1bn | $875,000 | 7.50% | 10 years | 9.2% |
| OH Ohio | 1,453 | $1.6bn | $637,000 | 8.00% | 10 years | 9.4% |
| PA Pennsylvania | 1,442 | $1.4bn | $550,000 | 8.00% | 10 years | 8.5% |
| IL Illinois | 1,435 | $1.7bn | $674,000 | 7.75% | 10 years | 9.5% |
| MI Michigan | 1,363 | $1.4bn | $636,600 | 7.50% | 10 years | 7.8% |
| NC North Carolina | 1,299 | $1.7bn | $845,000 | 7.95% | 10 years | 8.1% |
| WI Wisconsin | 1,268 | $1.3bn | $600,600 | 7.00% | 10 years | 6.1% |
| NY New York | 1,232 | $1.3bn | $613,500 | 7.75% | 10 years | 13.2% |
| IN Indiana | 955 | $1.0bn | $540,000 | 7.50% | 10 years | 6.3% |
| AZ Arizona | 951 | $1.1bn | $821,900 | 8.00% | 10 years | 8.2% |
| MO Missouri | 951 | $911M | $585,000 | 7.80% | 10 years | 8.2% |
| NJ New Jersey | 933 | $1.1bn | $757,000 | 8.25% | 10 years | 11.5% |
| MA Massachusetts | 783 | $659M | $448,000 | 7.25% | 10 years | 11.4% |
| VA Virginia | 715 | $932M | $756,000 | 8.00% | 10 years | 9.8% |
| UT Utah | 576 | $622M | $623,000 | 7.93% | 10 years | 10.1% |
| SC South Carolina | 575 | $731M | $773,000 | 7.90% | 10 years | 6.4% |
| OR Oregon | 544 | $609M | $666,450 | 7.75% | 10 years | 8.9% |
| MD Maryland | 536 | $628M | $765,500 | 8.00% | 10 years | 12.0% |
| TN Tennessee | 498 | $627M | $811,250 | 7.93% | 10 years | 6.2% |
| KS Kansas | 454 | $411M | $575,350 | 6.75% | 10 years | 6.2% |
| OK Oklahoma | 429 | $462M | $675,000 | 7.00% | 10 years | 7.3% |
| AL Alabama | 400 | $491M | $810,500 | 8.00% | 10 years | 10.9% |
| IA Iowa | 385 | $282M | $350,000 | 7.25% | 10 years | 8.1% |
| KY Kentucky | 378 | $396M | $515,000 | 7.75% | 10 years | 7.4% |
| ID Idaho | 370 | $360M | $583,450 | 7.85% | 10 years | 6.6% |
| LA Louisiana | 360 | $414M | $773,000 | 8.25% | 10 years | 7.2% |
| CT Connecticut | 344 | $403M | $720,000 | 8.00% | 10 years | 10.6% |
| NV Nevada | 327 | $372M | $735,800 | 8.00% | 10 years | 8.9% |
| MS Mississippi | 310 | $309M | $677,500 | 7.50% | 10 years | 5.8% |
| NE Nebraska | 281 | $233M | $415,000 | 7.25% | 10 years | 7.9% |
| AR Arkansas | 276 | $345M | $820,300 | 7.00% | 10 years | 9.8% |
| NH New Hampshire | 270 | $208M | $370,950 | 6.75% | 10 years | 8.2% |
| MT Montana | 243 | $205M | $465,000 | 7.30% | 10 years | 10.7% |
| NM New Mexico | 188 | $222M | $826,850 | 8.00% | 10 years | 10.0% |
| ME Maine | 183 | $107M | $250,000 | 7.25% | 10 years | 9.9% |
| SD South Dakota | 145 | $121M | $500,000 | 7.05% | 10 years | 5.8% |
| RI Rhode Island | 123 | $114M | $487,000 | 7.00% | 10 years | 10.2% |
| ND North Dakota | 115 | $116M | $531,500 | 7.25% | 10 years | 3.4% |
| DE Delaware | 103 | $110M | $500,000 | 8.00% | 10 years | 7.2% |
| WV West Virginia | 101 | $144M | $825,000 | 6.50% | 12.2 years | 7.3% |
| WY Wyoming | 87 | $108M | $727,000 | 7.00% | 10 years | 9.4% |
| VT Vermont | 77 | $64.4M | $325,000 | 7.09% | 10 years | 8.3% |
| AK Alaska | 72 | $81.9M | $738,250 | 7.62% | 10 years | 18.2% |
| DC District of Columbia | 70 | $65.7M | $613,750 | 9.12% | 10 years | 12.5% |
| HI Hawaii | 50 | $46.3M | $583,000 | 9.25% | 10 years | 7.4% |
| PR Puerto Rico | 47 | $14.2M | $185,000 | 7.50% | 10 years | 6.0% |
Source: SBA 7(a) FOIA loan-level extract, change-of-ownership approvals, FY2019 onward. Data as of 30 June 2026. n = 40,599 financed acquisitions. Assigned by project state, falling back to borrower state. 40,612 acquisitions in total; the remainder carry no usable state code.
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Below the reporting floor
These jurisdictions appear in the file with fewer than 25 financed acquisitions, which is too few to publish a median against:
- U.S. Virgin Islands: 12
- Guam: 1