Automotive Body, Paint, and Interior Repair and Maintenance: SBA acquisition lenders
135 recorded SBA 7(a) acquisition approvals for Automotive Body, Paint, and Interior Repair and Maintenance, FY2024–FY2026. Median approved loan: $810K. See lenders and activity by state.
- Acquisitions financed
- 135
- Total approved
- $155.6M
- Median loan
- $810K
- Middle half of loans
- $319K to $1.5M
- 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 | The Huntington National Bank | 21 | 16% | $350K | $17.0M |
| 2 | Live Oak Banking Company | 19 | 14% | $900K | $26.9M |
| 3 | First Internet Bank of Indiana | 8 | 6% | $592K | $6.4M |
| 4 | VelocitySBA, LLC | 4 | 3% | $1.3M | $5.8M |
| 5 | Byline Bank | 4 | 3% | $1.4M | $4.9M |
| 6 | Manufacturers and Traders Trust Company | 4 | 3% | $255K | $1.3M |
| 7 | Banesco USA | 3 | 2% | $2.4M | $5.9M |
| 8 | Old National Bank | 3 | 2% | $1.9M | $5.5M |
| 9 | Citizens Bank | 3 | 2% | $996K | $2.7M |
| 10 | MidFirst Bank | 2 | 1% | $3.8M | $7.7M |
| 11 | First Bank | 2 | 1% | $2.2M | $4.4M |
| 12 | First Commonwealth Bank | 2 | 1% | $915K | $1.8M |
| 13 | Horizon Bank | 2 | 1% | $826K | $1.7M |
| 14 | City National Bank of Florida | 2 | 1% | $662K | $1.3M |
| 15 | United Midwest Savings Bank National Association | 2 | 1% | $540K | $1.1M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 17 | $976K | $20.7M |
| Michigan | 13 | $150K | $9.0M |
| Texas | 12 | $936K | $17.0M |
| Florida | 11 | $1.3M | $19.5M |
| Colorado | 6 | $1.9M | $11.7M |
| Minnesota | 6 | $624K | $6.5M |
| Ohio | 6 | $493K | $4.1M |
| New Jersey | 5 | $860K | $5.9M |
| North Carolina | 5 | $711K | $4.7M |
| Maryland | 5 | $370K | $4.2M |
| Pennsylvania | 5 | $810K | $3.9M |
| Georgia | 4 | $1.2M | $6.9M |
| Missouri | 4 | $916K | $3.9M |
| Illinois | 4 | $631K | $2.6M |
| New York | 3 | $575K | $4.7M |
| Washington | 3 | $498K | $3.0M |
| Arizona | 3 | $650K | $2.7M |
| Tennessee | 3 | $537K | $2.1M |
| Massachusetts | 2 | $2.6M | $5.2M |
| Oklahoma | 2 | $2.2M | $4.5M |
| Wisconsin | 2 | $1.7M | $3.5M |
| Connecticut | 2 | $836K | $1.7M |
| Nevada | 2 | $552K | $1.1M |
| Kentucky | 2 | $489K | $978K |
| Indiana | 2 | $424K | $849K |
| Louisiana | 2 | $398K | $796K |
| Idaho | 1 | $1.5M | $1.5M |
| Utah | 1 | $1.4M | $1.4M |
| Kansas | 1 | $416K | $416K |
| Mississippi | 1 | $350K | $350K |