TL;DR:

  • 5 deals: Engineering firm ($1.9M CF), HVAC ($400K CF), sports contractor ($1.1M CF), marketing agency ($2.4M CF), construction ($1.4M CF)

  • Live Oak & Huntington = 20% of SBA loans. Big banks < 2%

  • Q2: Fewer deals (-13%), bigger businesses (+9% to $1.21M avg)

  • Sleeper sectors: Child care (29 deals) & insurance agencies (24 deals) quietly thriving

Structural Engineering Consultancy

Structural engineering firm offering comprehensive building design and consulting services with proven track record of delivering innovative solutions. Listed at 3.1x cash flow, backed by extensive expertise across diverse sectors with award-winning designs that blend creativity with pragmatism. SBA loan eligibility available with potential for continued growth.

  • 📍 Location: Connecticut

  • 💰 Asking Price: $6.0M

  • 💼 Cash Flow: $1.9M

  • 📊 Revenue: $4.0M

  • 🧮 Estimated DSCR: 2.2x

  • 💵 Estimated Cash Flow After Debt Service: $1.0M

  • ℹ️ Source: Baton Market

  • Listed: 2 Days Ago

Business Highlights:

  • Impressive portfolio showcasing award-winning designs across all complexities

  • Experienced team with technical prowess and commitment to sustainable practices

  • Industry leader positioning with established consulting partner reputation

  • Off-market profile with owners who received valuation but aren't actively selling

  • Promising investment opportunity for those seeking established growth platform

HVAC Business

Well-established HVAC contractor serving customers in California and Oregon with heat pump and fireplace installations (90/10 split) for residential and commercial clients. Listed at 2.5x cash flow with 85/15 split between residential and commercial work. Known for high-quality service with excellent Google and Yelp reviews. Currently home-based with low overhead and no lease obligations.

  • 📍 Location: Del Norte County, California

  • 💰 Asking Price: $998K

  • 💼 Cash Flow: $400K

  • 📊 Revenue: $1.3M

  • 🧮 Estimated DSCR: 2.8x

  • 💵 Estimated Cash Flow After Debt Service: $255K

  • ℹ️ Source: BizQuest

  • Listed: 5 Days Ago

Business Highlights:

  • 7 years in operation with excellent reputation and high online ratings

  • Currently relocatable and home-based operation

  • 85% gross margin on equipment sales with authorized dealer status

  • Owner transitioning to new ventures and will provide training support

  • Includes all tools, equipment, and company vans in sale

Specialty Sports Contractor

Established specialty contractor with over 20 years of successful operations in Florida serving institutional and commercial clients with high-quality surfacing solutions. Listed at 3.2x cash flow with strong cash flow, long-tenured team, and opportunities for growth. Currently relocatable with 22 years in operation and seller retiring with smooth transition assistance.

  • 📍 Location: Leon County, Florida

  • 💰 Asking Price: $3.5M

  • 💼 Cash Flow: $1.1M

  • 📊 Revenue: $4.3M

  • 🧮 Estimated DSCR: 2.1x

  • 💵 Estimated Cash Flow After Debt Service: $570K

  • ℹ️ Source: BizQuest

  • Listed: 2 Days Ago

Business Highlights:

  • 22 years in operation with specialized niche in construction services sector

  • Strong market position serving institutional and commercial clients across Southeastern U.S.

  • Recession-resistant with work tied to public infrastructure and athletic facility maintenance

  • 6 employees with leased 3,000 sq ft commercial space and equipment storage

  • Assets include 3 vehicles and equipment with total FMV estimated at $425K

Digital Marketing Agency

Nationally respected digital marketing & fractional CMO agency with over 25 years of experience serving B2B organizations through strategic brand development and comprehensive marketing services. Listed at 4.8x cash flow with proprietary Fractional CMO + Team model combining senior-level leadership with full tactical execution. Established 2000 with 100+ industry awards and exceptional client retention.

  • 📍 Location: Remote

  • 💰 Asking Price: $11.5M

  • 💼 Cash Flow: $2.4M

  • 📊 Revenue: $4.0M

  • 🧮 Estimated DSCR: 1.4x

  • 💵 Estimated Cash Flow After Debt Service: $734K

  • ℹ️ Source: Website Closers

  • Listed: 3 Days Ago

Business Highlights:

  • 25 years of experience with 6% 4-year CAGR and high operating margins

  • Proprietary Fractional CMO + Team model with high client retention

  • Revenue from long-term monthly retainers producing stable recurring income

  • 100+ industry awards including accolades from major marketing associations

  • Advanced AI integration and marketing automation capabilities

Mechanical and Civil Construction Company

Established mechanical and civil construction company in the New Orleans Metro area with over 50 years of experience specializing in public-sector infrastructure projects. Listed at $2.5M-$5.0M (2.6x cash flow at midpoint) with 95%+ revenue reliability from government contracts. Licensed in four states with strong financial position and no debt. Owners selling to retire with minimal involvement required.

  • 📍 Location: Louisiana

  • 💰 Asking Price: $2.5M-$5.0M

  • 💼 Cash Flow: $1.4M

  • 📊 Revenue: $10.2M

  • 🧮 Estimated DSCR: 2.6x

  • 💵 Estimated Cash Flow After Debt Service: $873K

  • ℹ️ Source: Duran Advisors

  • Listed: 4 Days Ago

Business Highlights:

  • Established 1963 with over 60 years of operational excellence

  • 20-34 employees with disciplined project execution and high skilled personnel retention

  • Strong public-sector presence serving municipal, state, and federal clients

  • Real estate included: $815K for main office facility with ~5 acres plus additional 7 acres

  • Seller financing available with structured sale process

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🧠 5 Takeaways from Q2 2025 SBA Acquisition Loan Data

What 1,756 business acquisitions tell us about today's search market

Fresh SBA data from Q2 2025 reveals how the acquisition market is evolving. After analyzing 1,756 deals, here are five insights to guide your search.

1. Match Your Deal Size to Your Lender

Live Oak and Huntington dominated Q2 with 357 deals combined—20% of all acquisitions. But they serve completely different markets:

  • Huntington: 199 deals, $745K average, 9.41% rate

  • Live Oak: 158 deals, $1.3M average, 9.32% rate

  • GBank: 28 deals, $2.7M average, 9.21% rate—best rate for big deals

For deals under $1M, Byline Bank offered the best rate at 9.15% across 52 transactions. The pattern is clear—each lender has a sweet spot. Don't just go with the biggest name; go with the best fit.

Median loan size held steady at $750K with rates clustering around 9.34%. With 88% choosing variable rates over fixed, searchers are betting rates will fall. Is it worth the gamble?

2. Fewer Deals, Bigger Businesses

Volume dipped 13% to 1,756 deals from Q1's 2,023. But average deal size rose 9% to $1.21M.

Monthly breakdown reveals the trend:

  • April: 468 deals

  • May: 923 deals (peak activity)

  • June: 365 deals (60% drop from May)

Searchers are buying larger businesses with systems in place. Quality companies with strong cash flow that can support 9%+ rates are still getting funded. Marginal deals are disappearing. This creates opportunity for prepared buyers who can move decisively on quality targets.

3. New Boring Business Sectors Emerging

Service businesses dominated Q2:

  1. Full-Service Restaurants: 107 deals, $763K average

  2. Limited-Service Restaurants: 64 deals, $644K average

  3. Hotels: 59 deals, $3.1M average

  4. Auto Repair: 48 deals, $986K average

  5. HVAC/Plumbing: 39 deals, $1.5M average

Child care (29 deals, $883K average) quietly outperformed trendy sectors. Insurance agencies (24 deals, $1.1M average) attracted buyers seeking recurring revenue. These aren't glamorous businesses—they're profitable ones.

Only 12% of deals were franchises, yet they cost 22% more ($1.44M vs $1.18M). Independent businesses offer better value, more flexibility, and more seller financing options.

4. Look Beyond California, Texas, and Florida

Yes, these three states captured 497 deals (28% of market). But the real opportunity might be elsewhere:

Best average deal sizes by state:

  • Illinois: $1.45M (72 deals)

  • North Carolina: $1.37M (63 deals)

  • Georgia: $1.32M (68 deals)

  • California: $1.25M (183 deals)

  • Texas: $1.29M (163 deals)

Michigan offers potential value at $886K average across 67 deals—a potential region of value for searchers. Colorado shows healthy mid-market activity with 73 deals at $1.25M.

Smart searchers find less competition and stronger bank relationships in secondary markets. The businesses are just as sophisticated—sometimes more so—but with fewer searchers competing.

5. Your Bank Can't Help You (And That's OK)

Wells Fargo, Bank of America, and Chase combined for less than 2% of deals. Traditional banks have abandoned SBA acquisitions. The game has changed—in your favor.

Today's specialist leaders each own a niche:

  • Digital lenders (Live Oak, First Internet Bank) built their entire business for SBA

  • Regional powerhouses (Huntington, Byline) combine local expertise with SBA focus

  • Premium specialists (GBank, Pathward) handle complex, larger deals

These specialists close deals 3 weeks faster with 15% less paperwork than traditional banks. They actually want your business and understand acquisitions—not just real estate loans.

Start building these relationships now—before you need them. The consolidation of expertise means better service for serious searchers.

The Bottom Line

The Q2 data tells a simple story: this is a healthy market for serious searchers. Not frothy. Not frozen. Just functional.

Good businesses are trading at reasonable multiples. Specialist lenders are eager to fund quality deals. Secondary markets offer real opportunity. And boring businesses continue to generate wealth.

The winners in this market won't be those waiting for perfect conditions. They'll be the searchers who understand that building a great business matters more than buying at the perfect price.

Start with building relationships with the right lenders for your acquisition. The rest will follow.

Source: SBA 7(a) loan records, Q2 2025 change-of-ownership transactions

Disclaimer: Educational content only - not investment advice. Listings from third-party sources, accuracy not guaranteed. Do your own due diligence. Consult professionals before making decisions.

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