LMMMAlower middle market M&A

GA · 1,483 financed acquisitions

$2.1bnCapital deployed

Business acquisitions in Georgia

1,483 businesses in Georgia changed hands with SBA 7(a) acquisition financing since FY2019, carrying $2.1bn of bank debt between them. The median deal was financed with $875,000 over 10 years at 7.50%.

§1

Volume and price

What businesses in Georgia financed by an SBA 7(a) acquisition loan actually cost, and how many of them there were.

Financed acquisitions1,483Disbursed loans, FY2019 to date
Capital deployed$2.1bnGross approval, all years
Median loan$875,000Half above, half below
Interquartile range$391k - $1.9MMiddle half of deals
Median rate7.50%1,483 loans with a recorded rate
Median term10 years1,483 loans with a recorded term

Source: SBA 7(a) FOIA loan-level extract, change-of-ownership approvals, FY2019 onward. Data as of 30 June 2026. n = 1,483 financed acquisitions.

Loan size distribution
Size bandAcquisitionsShare
Under $250k18812.7%
$250k to $500k29620.0%
$500k to $1M32121.6%
$1M to $2M32822.1%
$2M to $3.5M19313.0%
$3.5M to $5M1047.0%
$5M and above533.6%
All1,483100.0%

The 7(a) programme caps a single loan at $5M, so the top band is a ceiling of the instrument, not of the market. Deals above it are financed conventionally and do not appear in this file at all.

§2

How the paper was structured

Loan terms here are not spread smoothly. They spike at exactly ten years and again at exactly twenty-five, with very little in between. Those two points are the programme's maturity ceilings, and which one applies depends on what secures the loan, so a term running past ten years indicates real property was financed alongside the business.

Term structure
TermWhat it indicatesAcquisitionsShare
Under 10 yearsShorter than the goodwill maximum614.1%
Exactly 10 yearsThe standard goodwill-only note85557.7%
10 to 20 yearsMixed collateral936.3%
20 years and overReal property financed with the business47432.0%

57.7% of loans here run exactly ten years and 32.0% run twenty years or more. n = 1,483 loans with a recorded term.

§3

What happened next

Two outcomes are visible in the file: approvals that never funded, and funded loans that later charged off. Both are facts about deals, not forecasts.

Approvals cancelled9.2%151 of 1,634 approvals never disbursed
Charged off, FY2019-FY2021 cohort2.30%15 of 651 funded loans
Jobs recorded18,713Jobs supported, as reported by the lender at approval
Franchised26.3%Share of acquisitions carrying a franchise name

The charge-off share is cumulative as of 30 June 2026 for loans approved in FY2019-FY2021. Those loans are five to seven years into terms that are usually ten years, so the figure is a floor and the lifetime rate will be higher. It is not comparable to a rate computed over a fully matured cohort, and the site does not publish one for later years for that reason.

§4

By fiscal year

FY19FY20FY21FY22FY23FY24FY25FY26*

* FY2026 is incomplete. The extract closes 30 June 2026, nine months into a fiscal year that ends 30 September, and some FY2026 approvals have not yet disbursed. Do not read the last column as a decline.

§5

Sectors in Georgia

Sectors with enough local volume to report on their own. Each has its own page combining this state with that sector.

Georgia acquisitions by sector
SectorAcquisitionsCapitalMedian loanMedian rateMedian termCancelled
72 Accommodation and Food Services372$549M$850,0007.50%10 years7.0%
44-45 Retail Trade268$479M$1,121,5007.25%12.5 years12.7%
81 Other Services (except Public Administration)157$184M$650,0007.49%10 years7.1%
62 Health Care and Social Assistance124$144M$788,3007.75%10 years9.5%
23 Construction81$117M$893,0008.50%10 years12.0%
56 Administrative and Support and Waste Management and Remediation Services77$74.5M$694,4008.25%10 years8.3%
31-33 Manufacturing77$106M$727,0007.75%10 years10.5%
54 Professional, Scientific, and Technical Services73$90.0M$800,0007.25%10 years15.1%
11 Agriculture, Forestry, Fishing and Hunting57$91.5M$1,380,0006.00%20 years10.9%
42 Wholesale Trade49$66.0M$1,070,0009.00%10 years3.9%
71 Arts, Entertainment, and Recreation38$30.1M$466,0007.38%10 years5.0%
52 Finance and Insurance33$34.1M$950,0008.25%10 years10.8%
§6

Counties in Georgia

Counties with at least 30 financed acquisitions.

Georgia acquisitions by county
CountyAcquisitionsCapitalMedian loanMedian rateMedian termCancelled
Fulton206$264M$689,7007.78%10 years12.0%
Gwinnett181$225M$700,0008.00%10 years6.7%
Cobb124$154M$691,8007.25%10 years7.5%
Dekalb102$124M$792,8507.25%10 years11.3%
Forsyth56$88.6M$841,8007.62%10 years9.7%
Chatham52$88.4M$1,050,5007.35%10 years10.3%
Cherokee45$63.7M$744,5007.25%10 years8.2%
Hall41$65.3M$1,070,0007.50%10 years8.9%
Henry30$35.6M$500,8007.88%10 years11.8%
Fayette30$39.3M$898,0006.75%10 years9.1%
§7

Who lends here

Most active lenders in Georgia
LenderAcquisitionsShare
Live Oak Banking Company14810.0%
Metro City Bank1479.9%
Renasant Bank644.3%
The Huntington National Bank594.0%
United Community Bank533.6%
Pinnacle Bank432.9%
GBank372.5%
SouthState Bank332.2%
Georgia Banking Company302.0%
Hanmi Bank261.8%
§8

Elsewhere

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The figures above describe businesses in Georgia at the size the 7(a) programme reaches. They describe a market, not your business. FIH advises owners of privately held companies on sale processes, and the first conversation costs nothing and commits you to nothing.

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Figures on this page are SBA loan amounts, not sale prices. Nothing on this site is an offer, a solicitation, a valuation of any business, or investment advice, and no statement here promises a transaction, a price or a result.