PA · NAICS sector 44-45 · 224 financed acquisitions
$184MCapital deployed
Retail Trade in Pennsylvania
224 retail trade businesses in Pennsylvania were bought with SBA 7(a) acquisition financing since FY2019, carrying $184M of bank debt. The median deal was financed with $529,700 over 10 years at 7.75%.
Volume and price
What retail trade businesses in Pennsylvania financed by an SBA 7(a) acquisition loan actually cost, and how many of them there were.
Source: SBA 7(a) FOIA loan-level extract, change-of-ownership approvals, FY2019 onward. Data as of 30 June 2026. n = 224 financed acquisitions.
| Size band | Acquisitions | Share |
|---|---|---|
| Under $250k | 55 | 24.6% |
| $250k to $500k | 51 | 22.8% |
| $500k to $1M | 63 | 28.1% |
| $1M to $2M | 32 | 14.3% |
| $2M to $3.5M | 18 | 8.0% |
| $3.5M to $5M | 3 | 1.3% |
| $5M and above | 2 | 0.9% |
| All | 224 | 100.0% |
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.
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 | What it indicates | Acquisitions | Share |
|---|---|---|---|
| Under 10 years | Shorter than the goodwill maximum | 18 | 8.0% |
| Exactly 10 years | The standard goodwill-only note | 127 | 56.7% |
| 10 to 20 years | Mixed collateral | 41 | 18.3% |
| 20 years and over | Real property financed with the business | 38 | 17.0% |
56.7% of loans here run exactly ten years and 17.0% run twenty years or more. n = 224 loans with a recorded term.
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.
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.
By fiscal year
* 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.
Inside this cross-section
| Industry group | Acquisitions | Share |
|---|---|---|
| 4453 Beer, Wine, and Liquor Retailers | 47 | 21.0% |
| 4451 Grocery and Convenience Retailers | 17 | 7.6% |
| 4452 Specialty Food Retailers | 17 | 7.6% |
| 4461 Pharmacies and Drug Stores | 12 | 5.4% |
| 4591 Sporting Goods, Hobby, and Musical Instrument Retailers | 12 | 5.4% |
| 4539 All Other Miscellaneous Store Retailers (except Tobacco Stores) | 11 | 4.9% |
| 4561 Health and Personal Care Retailers | 11 | 4.9% |
| 4413 Automotive Parts, Accessories, and Tire Retailers | 9 | 4.0% |
| County | Acquisitions | Share |
|---|---|---|
| Montgomery | 22 | 9.8% |
| Philadelphia | 21 | 9.4% |
| Allegheny | 21 | 9.4% |
| Luzerne | 13 | 5.8% |
| Bucks | 13 | 5.8% |
| Delaware | 12 | 5.4% |
| Lancaster | 12 | 5.4% |
| Erie | 12 | 5.4% |
| Lender | Acquisitions | Share |
|---|---|---|
| Northwest Bank | 15 | 6.7% |
| Manufacturers and Traders Trust Company | 14 | 6.3% |
| The Huntington National Bank | 12 | 5.4% |
| First Commonwealth Bank | 12 | 5.4% |
| Live Oak Banking Company | 11 | 4.9% |
| First National Bank of Pennsylvania | 9 | 4.0% |
| Beacon Bank and Trust | 9 | 4.0% |
| Wilmington Savings Fund Society | 6 | 2.7% |
Compare
If you are selling
Thinking about selling
The figures above describe retail trade businesses in Pennsylvania 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.
If you are buying
Register what you are looking for
FIH is an advisory firm that generally acts for sellers, so registering here does not make you a client and no business is listed or offered for sale on this site. It records what you buy, where, at what price you can transact and how a purchase would be funded. It is free, it commits you to nothing, and no deal flow is promised in return.
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.