Acquisition lending, state by state
Every state with 100 or more SBA change-of-ownership loans in the window (FY2025 to FY2026 Q3) has its own page: the most active lenders there, in-state medians, and how local rates compare with the national median.
- States with a page
- 33
- Loans covered
- 11,393
- Share of the market
- 92.6%
- Below the threshold
- 18
of 51 states and DC
FY2025 to FY2026 Q3
of 12,305 national loans
states without a page
Pick a state
Alphabetical, with each state’s change-of-ownership loan count for FY2025 to FY2026 Q3.
- Alabama106
- Arizona260
- California1,236
- Colorado472
- Connecticut129
- Florida1,004
- Georgia406
- Idaho100
- Illinois462
- Indiana228
- Iowa103
- Kansas111
- Kentucky126
- Louisiana106
- Maryland206
- Massachusetts265
- Michigan457
- Minnesota329
- Missouri268
- New Jersey320
- New York396
- North Carolina360
- Ohio489
- Oklahoma106
- Oregon149
- Pennsylvania459
- South Carolina179
- Tennessee179
- Texas1,132
- Utah201
- Virginia229
- Washington528
- Wisconsin292
Source: SBA 7(a) FOIA file, change-of-ownership loans grouped by ProjectState, FY2025 to FY2026 Q3, as of June 30, 2026. The other 18 states fall under 100 loans in the window and do not get a page: state medians built on a handful of loans are not meaningful. Their lenders still appear in the national directory, and the 912 loans they and the territories account for stay in every national figure on this site. Methodology