Deal flow by state

52 states ranked by real SBA-financed change-of-ownership volume. 13,993 total deals tracked, 4,858 in the last 24 months.

#1 · 1,347 deals

12mo Δ

-7.5%

Median loan

$590K

Implied deal

$694K

Recent 24mo

408

Top categories

Full-Service Restaurants274 General Automotive Repair83 Gasoline Stations with Convenience Stores77 All Other Specialty Trade Contractors54 Plumbing, Heating, and Air-Conditioning Contractors53

#2 · 1,221 deals

12mo Δ

-11.4%

Median loan

$802K

Implied deal

$944K

Recent 24mo

462

Top categories

Full-Service Restaurants172 Gasoline Stations with Convenience Stores89 Insurance Agencies and Brokerages86 General Automotive Repair77 Plumbing, Heating, and Air-Conditioning Contractors64

#	State	Deals	24mo	Median loan	Implied	12mo Δ	Hottest category
3	FL	1,169	466	$760K	$894K	+5.3%	Full-Service Restaurants136
4	WA	548	170	$586K	$689K	+23.7%	Full-Service Restaurants130
5	CO	538	207	$650K	$765K	-20.0%	Full-Service Restaurants63
6	IL	525	203	$550K	$647K	-28.0%	Full-Service Restaurants89
7	MN	513	133	$475K	$559K	-17.8%	Full-Service Restaurants47
8	PA	487	201	$545K	$641K	-6.7%	Full-Service Restaurants75
9	MI	464	183	$580K	$683K	-1.1%	Full-Service Restaurants64
10	GA	462	161	$642K	$756K	-8.3%	Full-Service Restaurants102
11	OH	461	169	$539K	$634K	-25.8%	Full-Service Restaurants43
12	NC	456	160	$669K	$787K	-9.5%	Full-Service Restaurants41
13	WI	437	135	$512K	$603K	-29.1%	Full-Service Restaurants70
14	NY	388	140	$583K	$685K	+50.0%	Full-Service Restaurants34
15	AZ	380	107	$734K	$864K	-12.3%	Full-Service Restaurants38
16	NJ	333	134	$706K	$831K	+27.1%	Full-Service Restaurants56
17	MO	327	108	$500K	$588K	-16.9%	Full-Service Restaurants48
18	IN	326	90	$449K	$528K	+30.8%	Full-Service Restaurants43
19	MA	312	115	$350K	$412K	-1.7%	Full-Service Restaurants50
20	VA	256	99	$678K	$797K	-26.3%	Full-Service Restaurants33
21	SC	210	85	$714K	$839K	+23.7%	Full-Service Restaurants20
22	UT	200	66	$608K	$716K	-50.0%	Landscaping Services21
23	TN	184	78	$684K	$805K	+5.3%	Full-Service Restaurants18
24	MD	182	78	$690K	$812K	+16.7%	General Automotive Repair21
25	OR	181	58	$589K	$693K	+23.1%	Full-Service Restaurants18
26	KS	167	42	$500K	$588K	-9.1%	Full-Service Restaurants15
27	OK	149	47	$594K	$699K	+4.3%	Insurance Agencies and Brokerages18
28	NV	147	37	$710K	$835K	-39.1%	General Automotive Repair14
29	LA	140	43	$649K	$763K	-34.6%	Full-Service Restaurants15
30	KY	134	48	$477K	$561K	-28.6%	Full-Service Restaurants18
31	ID	133	35	$500K	$588K	-5.6%	Full-Service Restaurants18
32	AL	132	42	$697K	$820K	-38.5%	Insurance Agencies and Brokerages19
33	IA	118	35	$328K	$386K	-60.0%	Full-Service Restaurants22
34	CT	107	42	$838K	$986K	+21.1%	Private Mail Centers9
35	NH	96	32	$384K	$452K	-22.2%	Full-Service Restaurants18
36	NE	95	36	$453K	$532K	+11.8%	Full-Service Restaurants15
37	MS	89	33	$500K	$588K	-5.9%	Insurance Agencies and Brokerages14
38	AR	80	19	$620K	$730K	-10.0%	Full-Service Restaurants10
39	MT	77	16	$416K	$490K	-66.7%	Full-Service Restaurants8
40	ME	60	27	$288K	$338K	+70.0%	Full-Service Restaurants10
41	NM	57	20	$665K	$782K	-46.2%	Full-Service Restaurants6
42	SD	48	12	$494K	$581K	-28.6%	General Automotive Repair5
43	WV	40	7	$501K	$589K	+500.0%	Full-Service Restaurants5
44	DE	38	12	$500K	$588K	—	Landscaping Services3
45	ND	35	10	$403K	$474K	-57.1%	Full-Service Restaurants4
46	RI	30	11	$399K	$469K	+20.0%	Full-Service Restaurants8
47	WY	26	6	$545K	$641K	+100.0%	Plumbing, Heating, and Air-Conditioning Contractors3
48	VT	26	10	$186K	$219K	+300.0%	General Automotive Repair5
49	HI	18	6	$607K	$714K	-50.0%	All Other Amusement and Recreation Industries3
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%	Drycleaning and Laundry Services (except Coin-Operated)3

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.