SBA acquisition and 504 loans by state
SBA-financed business acquisitions and expansions by borrower state. Loans in scope, FY2024 to FY2026, from SBA data as of September 30, 2026. Loan size is the SBA loan, not the purchase price.
Acquisitions (SBA 7(a), change of ownership)
11,743loans
$20.8Btotal approved
53states
Loans by state
| State | Loans | Share | Total approved | Average loan |
|---|---|---|---|---|
| California | 1,166 | 9.9% | $2.0B | $1.7M |
| Texas | 1,160 | 9.9% | $2.3B | $1.9M |
| Florida | 1,014 | 8.6% | $1.8B | $1.8M |
| Washington | 518 | 4.4% | $924.4M | $1.8M |
| Colorado | 495 | 4.2% | $796.3M | $1.6M |
| Illinois | 450 | 3.8% | $808.6M | $1.8M |
| North Carolina | 438 | 3.7% | $855.2M | $2.0M |
| Ohio | 431 | 3.7% | $793.2M | $1.8M |
| Pennsylvania | 426 | 3.6% | $697.3M | $1.6M |
| Georgia | 408 | 3.5% | $823.2M | $2.0M |
| Michigan | 381 | 3.2% | $627.0M | $1.6M |
| New York | 355 | 3.0% | $628.9M | $1.8M |
| New Jersey | 293 | 2.5% | $476.5M | $1.6M |
| Minnesota | 287 | 2.4% | $425.4M | $1.5M |
| Wisconsin | 282 | 2.4% | $487.6M | $1.7M |
| Arizona | 272 | 2.3% | $459.9M | $1.7M |
| Missouri | 240 | 2.0% | $380.3M | $1.6M |
| Indiana | 235 | 2.0% | $469.0M | $2.0M |
| Virginia | 217 | 1.8% | $403.8M | $1.9M |
| Massachusetts | 196 | 1.7% | $322.2M | $1.6M |
| Maryland | 188 | 1.6% | $305.9M | $1.6M |
| Utah | 185 | 1.6% | $325.8M | $1.8M |
| South Carolina | 180 | 1.5% | $329.0M | $1.8M |
| Tennessee | 174 | 1.5% | $302.6M | $1.7M |
| Oregon | 135 | 1.1% | $262.7M | $1.9M |
| Alabama | 120 | 1.0% | $211.8M | $1.8M |
| Louisiana | 119 | 1.0% | $202.5M | $1.7M |
| Kansas | 115 | 1.0% | $171.5M | $1.5M |
| Oklahoma | 110 | 0.9% | $204.8M | $1.9M |
| Kentucky | 102 | 0.9% | $202.9M | $2.0M |
| Idaho | 99 | 0.8% | $151.2M | $1.5M |
| Connecticut | 96 | 0.8% | $191.3M | $2.0M |
| Nevada | 91 | 0.8% | $147.2M | $1.6M |
| Arkansas | 84 | 0.7% | $168.3M | $2.0M |
| New Hampshire | 71 | 0.6% | $128.6M | $1.8M |
| Mississippi | 67 | 0.6% | $113.1M | $1.7M |
| Nebraska | 63 | 0.5% | $107.8M | $1.7M |
| Iowa | 63 | 0.5% | $107.2M | $1.7M |
| Montana | 59 | 0.5% | $99.2M | $1.7M |
| New Mexico | 57 | 0.5% | $113.2M | $2.0M |
| Maine | 40 | 0.3% | $57.9M | $1.4M |
| South Dakota | 34 | 0.3% | $55.5M | $1.6M |
| North Dakota | 33 | 0.3% | $62.7M | $1.9M |
| Delaware | 31 | 0.3% | $58.1M | $1.9M |
| Rhode Island | 30 | 0.3% | $52.2M | $1.7M |
| District of Columbia | 25 | 0.2% | $39.8M | $1.6M |
| Wyoming | 24 | 0.2% | $42.2M | $1.8M |
| West Virginia | 23 | 0.2% | $63.3M | $2.8M |
| Alaska | 22 | 0.2% | $36.8M | $1.7M |
| Hawaii | 17 | 0.1% | $23.1M | $1.4M |
| Vermont | 17 | 0.1% | $29.4M | $1.7M |
| U.S. Virgin Islands | 3 | 0.0% | $4.2M | $1.4M |
| Puerto Rico | 2 | 0.0% | $2.0M | $989K |
Expansions (SBA 504)
5,756loans
$12.4Btotal approved
53states
Loans by state
| State | Loans | Share | Total approved | Average loan |
|---|---|---|---|---|
| California | 1,593 | 27.7% | $3.4B | $2.2M |
| Florida | 559 | 9.7% | $1.2B | $2.1M |
| Texas | 339 | 5.9% | $785.5M | $2.3M |
| Illinois | 225 | 3.9% | $519.9M | $2.3M |
| New York | 218 | 3.8% | $485.1M | $2.2M |
| Utah | 207 | 3.6% | $438.4M | $2.1M |
| Georgia | 206 | 3.6% | $453.4M | $2.2M |
| Arizona | 197 | 3.4% | $408.7M | $2.1M |
| Minnesota | 156 | 2.7% | $333.4M | $2.1M |
| Wisconsin | 155 | 2.7% | $324.7M | $2.1M |
| Colorado | 123 | 2.1% | $257.8M | $2.1M |
| Massachusetts | 123 | 2.1% | $247.2M | $2.0M |
| New Jersey | 121 | 2.1% | $306.5M | $2.5M |
| Ohio | 108 | 1.9% | $226.4M | $2.1M |
| Nevada | 107 | 1.9% | $224.6M | $2.1M |
| Washington | 95 | 1.7% | $212.3M | $2.2M |
| Michigan | 94 | 1.6% | $192.7M | $2.1M |
| Pennsylvania | 87 | 1.5% | $192.5M | $2.2M |
| Indiana | 81 | 1.4% | $180.5M | $2.2M |
| North Carolina | 78 | 1.4% | $169.1M | $2.2M |
| Virginia | 67 | 1.2% | $129.9M | $1.9M |
| Oregon | 66 | 1.1% | $127.5M | $1.9M |
| Connecticut | 63 | 1.1% | $145.7M | $2.3M |
| Missouri | 56 | 1.0% | $112.8M | $2.0M |
| Idaho | 54 | 0.9% | $104.8M | $1.9M |
| Alabama | 46 | 0.8% | $100.4M | $2.2M |
| South Dakota | 45 | 0.8% | $96.9M | $2.2M |
| Maryland | 39 | 0.7% | $91.7M | $2.4M |
| South Carolina | 39 | 0.7% | $81.4M | $2.1M |
| Iowa | 35 | 0.6% | $69.8M | $2.0M |
| Kansas | 30 | 0.5% | $62.4M | $2.1M |
| Nebraska | 29 | 0.5% | $63.5M | $2.2M |
| Tennessee | 28 | 0.5% | $67.3M | $2.4M |
| New Hampshire | 27 | 0.5% | $51.3M | $1.9M |
| North Dakota | 25 | 0.4% | $47.8M | $1.9M |
| Louisiana | 23 | 0.4% | $58.4M | $2.5M |
| Maine | 22 | 0.4% | $44.6M | $2.0M |
| Montana | 21 | 0.4% | $34.2M | $1.6M |
| New Mexico | 21 | 0.4% | $47.3M | $2.3M |
| Hawaii | 20 | 0.3% | $39.8M | $2.0M |
| Puerto Rico | 20 | 0.3% | $35.0M | $1.8M |
| Oklahoma | 18 | 0.3% | $34.7M | $1.9M |
| Kentucky | 17 | 0.3% | $39.8M | $2.3M |
| Rhode Island | 15 | 0.3% | $24.9M | $1.7M |
| Arkansas | 15 | 0.3% | $31.4M | $2.1M |
| Alaska | 9 | 0.2% | $15.2M | $1.7M |
| District of Columbia | 8 | 0.1% | $11.8M | $1.5M |
| Mississippi | 7 | 0.1% | $22.0M | $3.1M |
| Vermont | 6 | 0.1% | $14.7M | $2.5M |
| Delaware | 5 | 0.1% | $6.5M | $1.3M |
| Wyoming | 5 | 0.1% | $9.9M | $2.0M |
| West Virginia | 2 | 0.0% | $6.5M | $3.3M |
| Guam | 1 | 0.0% | $1.2M | $1.2M |
Companies by state
Companies with either kind of loan, by borrower state.
| State | Companies | Total approved |
|---|---|---|
| California | 2,734 | $5.4B |
| Florida | 1,546 | $3.0B |
| Texas | 1,480 | $3.0B |
| Illinois | 652 | $1.3B |
| Colorado | 607 | $1.1B |
| Washington | 607 | $1.1B |
| Georgia | 606 | $1.3B |
| New York | 562 | $1.1B |
| Ohio | 520 | $1.0B |
| North Carolina | 509 | $1.0B |
| Pennsylvania | 501 | $889.9M |
| Arizona | 462 | $868.6M |
| Michigan | 462 | $819.8M |
| Minnesota | 429 | $758.7M |
| Wisconsin | 429 | $812.4M |
| New Jersey | 407 | $783.0M |
| Utah | 389 | $764.2M |
| Massachusetts | 312 | $569.4M |
| Indiana | 306 | $649.5M |
| Missouri | 290 | $493.1M |
| Virginia | 280 | $533.7M |
| Maryland | 216 | $397.6M |
| South Carolina | 215 | $410.4M |
| Tennessee | 199 | $369.8M |
| Oregon | 198 | $390.2M |
| Nevada | 195 | $371.8M |
| Alabama | 163 | $312.2M |
| Connecticut | 157 | $337.1M |
| Idaho | 151 | $256.0M |
| Kansas | 139 | $233.9M |
| Louisiana | 139 | $260.9M |
| Oklahoma | 126 | $239.5M |
| Kentucky | 116 | $242.7M |
| Arkansas | 99 | $199.7M |
| New Hampshire | 96 | $179.9M |
| Iowa | 96 | $177.0M |
| Nebraska | 92 | $171.4M |
| South Dakota | 79 | $152.3M |
| Montana | 78 | $133.4M |
| New Mexico | 76 | $160.4M |
| Mississippi | 73 | $135.1M |
| Maine | 61 | $102.5M |
| North Dakota | 57 | $110.5M |
| Rhode Island | 44 | $77.1M |
| Hawaii | 37 | $63.0M |
| Delaware | 36 | $64.6M |
| District of Columbia | 33 | $51.6M |
| Alaska | 30 | $51.9M |
| Wyoming | 29 | $52.1M |
| West Virginia | 25 | $69.8M |
| Vermont | 23 | $44.1M |
| Puerto Rico | 22 | $37.0M |
| U.S. Virgin Islands | 3 | $4.2M |
| Guam | 1 | $1.2M |