Automobile Driving Schools: SBA acquisition lenders
13 recorded SBA 7(a) acquisition approvals for Automobile Driving Schools, FY2024–FY2026. Median approved loan: $398K. See lenders and activity by state.
- Acquisitions financed
- 13
- Total approved
- $10.0M
- Median loan
- $398K
- Middle half of loans
- $250K to $635K
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 15% | $2.5M | $5.0M |
| 2 | The Huntington National Bank | 2 | 15% | $368K | $735K |
| 3 | U.S. Bank, National Association | 1 | 8% | $948K | $948K |
| 4 | American Momentum Bank | 1 | 8% | $760K | $760K |
| 5 | New York Business Development Corporation | 1 | 8% | $630K | $630K |
| 6 | First Business Bank | 1 | 8% | $497K | $497K |
| 7 | First Bank | 1 | 8% | $398K | $398K |
| 8 | United Midwest Savings Bank National Association | 1 | 8% | $383K | $383K |
| 9 | Machias Savings Bank | 1 | 8% | $279K | $279K |
| 10 | The Citizens National Bank of Meridian | 1 | 8% | $248K | $248K |
| 11 | Alerus Financial, National Association | 1 | 8% | $85K | $85K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Michigan | 2 | $2.5M | $5.0M |
| Ohio | 2 | $368K | $735K |
| Oregon | 1 | $948K | $948K |
| Massachusetts | 1 | $760K | $760K |
| New York | 1 | $630K | $630K |
| New Jersey | 1 | $497K | $497K |
| Georgia | 1 | $398K | $398K |
| Washington | 1 | $383K | $383K |
| Maine | 1 | $279K | $279K |
| Mississippi | 1 | $248K | $248K |
| Minnesota | 1 | $85K | $85K |