Caterers: SBA acquisition lenders
40 SBA 7(a) loans financed acquisitions classified as Caterers nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 40
- Total approved
- $52.4M
- Median loan
- $630K
- Middle half of loans
- $289K to $1.9M
- Median starting rate
- 9.25%
- 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 | 6 | 15% | $1.2M | $9.8M |
| 2 | First Internet Bank of Indiana | 5 | 12% | $988K | $5.1M |
| 3 | Byline Bank | 2 | 5% | $2.4M | $4.8M |
| 4 | Beacon Bank and Trust | 2 | 5% | $1.3M | $2.7M |
| 5 | TowneBank | 2 | 5% | $860K | $1.7M |
| 6 | Old National Bank | 2 | 5% | $454K | $908K |
| 7 | BayFirst National Bank | 2 | 5% | $401K | $803K |
| 8 | American Business Bank | 1 | 2% | $5.0M | $5.0M |
| 9 | Open Bank | 1 | 2% | $5.0M | $5.0M |
| 10 | FDIC - Community Bank & Trust-West Georgia | 1 | 2% | $4.1M | $4.1M |
| 11 | The Huntington National Bank | 1 | 2% | $2.9M | $2.9M |
| 12 | Harvest Small Business Finance, LLC | 1 | 2% | $2.5M | $2.5M |
| 13 | Unity Bank | 1 | 2% | $1.2M | $1.2M |
| 14 | U.S. Bank, National Association | 1 | 2% | $1.1M | $1.1M |
| 15 | Hanmi Bank | 1 | 2% | $713K | $713K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 6 | $3.9M | $20.0M |
| Florida | 6 | $796K | $6.4M |
| New York | 3 | $2.5M | $7.3M |
| Washington | 3 | $713K | $4.0M |
| Minnesota | 3 | $557K | $1.9M |
| Texas | 3 | $401K | $1.8M |
| Tennessee | 2 | $1.6M | $3.1M |
| Missouri | 2 | $1.0M | $2.0M |
| Indiana | 2 | $454K | $908K |
| Montana | 2 | $182K | $363K |
| New Jersey | 1 | $1.2M | $1.2M |
| Pennsylvania | 1 | $728K | $728K |
| Kentucky | 1 | $659K | $659K |
| Georgia | 1 | $480K | $480K |
| Illinois | 1 | $455K | $455K |
| Utah | 1 | $422K | $422K |
| Virginia | 1 | $413K | $413K |
| Colorado | 1 | $250K | $250K |