Monadnock Cyber
M&A Intelligence

2,123 Businesses Have Defaulted.
Who's Buying?

We monitor SBA 7(a) and 504 loan charge-offs across 14 states. Every week, new defaults surface — businesses with assets, real estate, and equipment that banks need to liquidate. Our subscribers get the details first.

Updated April 03, 2026 LIVE — Weekly Refresh Federal FOIA Source
2,123
Charged-Off Loans
SBA 7(a) + 504
$415M
Total Loan Value
Distressed capital at play
1,514
Collateral-Backed
Assets securing the note
879
Over $100K
Institutional-grade deals

SBA 7(a) Defaults

2,048

General small business loans. Default = bank wrote off the loan. Business assets, equipment, and sometimes real estate serve as collateral.

Buy the note at 20-50 cents on the dollar
Acquire business assets directly from owner
Contact bank's special assets department

SBA 504 Defaults

75

Commercial real estate + heavy equipment loans. The property IS the collateral. Larger deals ($500K-$5M+). Bank must liquidate the real estate.

Commercial property is the collateral
Purchase the note OR buy at foreclosure auction
Get the REO listing from the bank

Defaults by State

MA
1,050 defaults $186M
CT
388 defaults $89M
NH
253 defaults $49M
RI
173 defaults $44M
ME
140 defaults $33M
VT
101 defaults $11M
FL
8 defaults $1M
CA
3 defaults $0M
TX
2 defaults $1M
MI
1 defaults $1M
GA
1 defaults $0M
AZ
1 defaults $0M
NC
1 defaults $0M
NJ
1 defaults $0M

Top Industries in Default

Full-Service Restaurants
136
Limited-Service Restaurants
71
Residential Remodelers
68
Landscaping Services
50
Beauty Salons
47
Fitness and Recreational Sports Centers
39
General Automotive Repair
35
General Freight Trucking, Local
34
Offices of Lawyers
32
Janitorial Services
30
Convenience Stores
29
Electrical Contractors
29
Plumbing, Heating, and Air-Conditioning Contractors
28
All Other Specialty Trade Contractors
25
New Single-Family Housing Construction (except Operative Builders)
23

We Do the Analysis. You Make the Call.

Every deal comes with a complete intelligence kneeboard — the play, the people, the numbers, and what to say when they pick up.

The Play

Every deal starts with a BLUF — what's the play, why now, and three data-driven bullets. Agent plays and investor plays, ranked by value.

Who to Call

Named decision-makers at the bank and the business. Phone numbers. LinkedIn profiles. Opening lines. No gatekeepers, no 800 numbers.

ReFax Valuations

ReFax Commercial scoring and ReFax Land valuation on every property. Buy zones, GO/PASS recommendations, and note-purchase pricing.

Weekly Deal Flow

New defaults in your inbox every Monday. We already ran the analysis. You just open, review, and call.

Access Requires Vetting

This data represents real businesses in financial distress. We vet every subscriber to ensure responsible use. Approved applicants gain full access to deal details, bank contacts, and acquisition intelligence.

Approval typically within 24 hours. PE firms, search funds, M&A advisors, and qualified buyers.

How It Works

1

We Collect

Federal FOIA data, SBA bulk records, commercial property transactions. Aggregated weekly into actionable intelligence.

2

We Enrich

Cross-reference with public records, property data, and business intelligence. Build contact RACI charts — who to call and what to say.

3

You Acquire

Full deal kneeboard with note-purchase pricing, bank contacts, and owner outreach scripts. From intelligence to LOI in days, not months.

Monadnock Cyber, LLC · Intelligence Division

Data sourced from SBA FOIA public records (data.sba.gov). Updated weekly.

All access is vetted. This service is intended for qualified acquisition professionals.

Questions? office@monadnockcyber.ai

Request Access — M&A Intelligence

All access requests are manually reviewed. We verify each applicant to protect the integrity of this data.

Request Submitted

We'll review your application and contact you within 24 hours.

office@monadnockcyber.ai