Deal flow by state

52 states ranked by real SBA-financed change-of-ownership volume. 13,347 total deals tracked, 4,247 in the last 24 months.

#1 · 1,290 deals

12mo Δ

-35.6%

Median loan

$590K

Implied deal

$694K

Recent 24mo

360

Top categories

Full-Service Restaurants260 General Automotive Repair84 Gasoline Stations with Convenience Stores77 Plumbing, Heating, and Air-Conditioning Contractors52 All Other Specialty Trade Contractors48

#2 · 1,169 deals

12mo Δ

-32.9%

Median loan

$802K

Implied deal

$944K

Recent 24mo

416

Top categories

Full-Service Restaurants166 Gasoline Stations with Convenience Stores89 Insurance Agencies and Brokerages82 General Automotive Repair73 Plumbing, Heating, and Air-Conditioning Contractors60

#	State	Deals	24mo	Median loan	Implied	12mo Δ	Hottest category
3	FL	1,118	419	$760K	$894K	-14.6%	Full-Service Restaurants131
4	WA	514	137	$589K	$693K	-22.1%	Full-Service Restaurants114
5	IL	510	189	$550K	$647K	-39.8%	Full-Service Restaurants85
6	CO	508	180	$650K	$765K	-42.1%	Full-Service Restaurants59
7	MN	496	116	$476K	$560K	-36.6%	Full-Service Restaurants44
8	PA	461	177	$525K	$618K	-28.2%	Full-Service Restaurants69
9	OH	445	157	$532K	$626K	-44.6%	Full-Service Restaurants41
10	GA	442	141	$650K	$765K	-30.1%	Full-Service Restaurants96
11	NC	442	146	$670K	$788K	-26.2%	Full-Service Restaurants39
12	MI	429	147	$575K	$676K	-34.8%	Full-Service Restaurants62
13	WI	416	114	$506K	$595K	-55.7%	Full-Service Restaurants67
14	AZ	368	95	$737K	$867K	-33.3%	Full-Service Restaurants38
15	NY	367	120	$545K	$641K	+10.5%	Full-Service Restaurants31
16	IN	315	79	$450K	$529K	+2.6%	Full-Service Restaurants42
17	MO	314	95	$500K	$588K	-33.3%	Full-Service Restaurants48
18	NJ	301	106	$720K	$847K	-31.7%	Full-Service Restaurants50
19	MA	293	96	$350K	$412K	-34.5%	Full-Service Restaurants49
20	VA	250	93	$673K	$791K	-30.9%	Full-Service Restaurants32
21	SC	199	74	$720K	$847K	+0.0%	Full-Service Restaurants19
22	UT	191	57	$600K	$706K	-70.5%	Landscaping Services21
23	OR	178	55	$590K	$694K	+3.7%	Full-Service Restaurants19
24	TN	165	59	$700K	$824K	-44.7%	Full-Service Restaurants16
25	KS	162	37	$515K	$606K	-31.8%	Full-Service Restaurants14
26	MD	161	56	$650K	$765K	-44.4%	General Automotive Repair22
27	NV	147	37	$707K	$832K	-39.1%	General Automotive Repair14
28	OK	140	39	$593K	$697K	-30.4%	Insurance Agencies and Brokerages18
29	LA	134	37	$651K	$766K	-57.7%	Full-Service Restaurants15
30	AL	129	39	$718K	$845K	-50.0%	Insurance Agencies and Brokerages19
31	ID	128	30	$501K	$589K	-33.3%	Full-Service Restaurants17
32	KY	126	40	$477K	$561K	-46.2%	Full-Service Restaurants16
33	IA	114	31	$315K	$371K	-70.8%	Full-Service Restaurants22
34	CT	101	36	$838K	$986K	-10.5%	Private Mail Centers9
35	NH	89	25	$375K	$441K	-61.1%	Full-Service Restaurants16
36	NE	89	30	$430K	$506K	-23.5%	Full-Service Restaurants15
37	MS	83	27	$500K	$588K	-41.2%	Insurance Agencies and Brokerages13
38	AR	81	20	$601K	$707K	+0.0%	Full-Service Restaurants10
39	MT	77	16	$416K	$490K	-66.7%	Full-Service Restaurants8
40	NM	57	20	$630K	$741K	-46.2%	Full-Service Restaurants6
41	ME	57	24	$280K	$329K	+40.0%	Full-Service Restaurants9
42	SD	47	11	$520K	$612K	-16.7%	Full-Service Restaurants5
43	WV	39	6	$497K	$585K	+400.0%	Full-Service Restaurants5
44	DE	35	9	$500K	$588K	—	Machine Shops3
45	ND	34	10	$405K	$476K	-75.0%	Full-Service Restaurants4
46	RI	28	9	$428K	$503K	-20.0%	Full-Service Restaurants7
47	WY	25	5	$595K	$700K	+50.0%	Full-Service Restaurants3
48	VT	21	5	$188K	$221K	+50.0%	Full-Service Restaurants4
49	HI	18	6	$526K	$618K	-80.0%	Full-Service Restaurants3
50	AK	17	6	$901K	$1.1M	+100.0%	Full-Service Restaurants3
51	PR	16	4	$180K	$212K	-66.7%	Full-Service Restaurants4
52	DC	11	4	$560K	$659K	+0.0%	Full-Service Restaurants3

States with fewer than 10 tracked deals in BizBite-mapped categories are hidden (too little data to infer a signal). Categories within each state are ranked by SBA 7(a) change-of-ownership loan count — this is "who's buying what, where" as observed by the federal loan guarantee, not a listings-site sample.