Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: SBA acquisition lenders
96 SBA 7(a) loans financed acquisitions classified as Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 96
- Total approved
- $106.5M
- Median loan
- $867K
- Middle half of loans
- $256K to $1.7M
- 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 | 15 | 16% | $468K | $12.2M |
| 2 | Live Oak Banking Company | 9 | 9% | $500K | $8.3M |
| 3 | First Internet Bank of Indiana | 6 | 6% | $1.0M | $6.2M |
| 4 | First National Bank of Pennsylvania | 5 | 5% | $1.2M | $5.7M |
| 5 | Readycap Lending, LLC | 3 | 3% | $2.6M | $6.0M |
| 6 | Truliant FCU | 3 | 3% | $1.8M | $5.7M |
| 7 | The Bancorp Bank National Association | 3 | 3% | $1.4M | $4.4M |
| 8 | VelocitySBA, LLC | 3 | 3% | $921K | $3.8M |
| 9 | First-Citizens Bank & Trust Company | 3 | 3% | $1.1M | $3.2M |
| 10 | First United Bank and Trust Company | 2 | 2% | $2.6M | $5.3M |
| 11 | Port 51 Lending LLC | 2 | 2% | $1.7M | $3.4M |
| 12 | Beacon Bank and Trust | 2 | 2% | $1.5M | $2.9M |
| 13 | Old Plank Trail Community Bank National Association | 2 | 2% | $1.2M | $2.5M |
| 14 | Gulf Coast Bank and Trust Company | 2 | 2% | $995K | $2.0M |
| 15 | First Commonwealth Bank | 2 | 2% | $499K | $998K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 17 | $1.2M | $23.7M |
| Florida | 13 | $1.2M | $16.8M |
| Pennsylvania | 7 | $350K | $4.4M |
| California | 6 | $658K | $7.5M |
| Colorado | 5 | $625K | $5.3M |
| Missouri | 4 | $1.9M | $7.2M |
| Ohio | 4 | $821K | $4.1M |
| Kentucky | 4 | $789K | $3.7M |
| Illinois | 4 | $412K | $3.3M |
| Michigan | 4 | $675K | $2.7M |
| Washington | 4 | $499K | $1.9M |
| Massachusetts | 4 | $170K | $1.9M |
| Arizona | 3 | $1.5M | $4.8M |
| Wisconsin | 3 | $258K | $864K |
| New York | 2 | $1.9M | $3.8M |
| New Jersey | 2 | $1.8M | $3.5M |
| Maryland | 2 | $1.1M | $2.2M |
| Georgia | 2 | $1.1M | $2.2M |
| Tennessee | 1 | $2.2M | $2.2M |
| West Virginia | 1 | $1.2M | $1.2M |
| South Carolina | 1 | $1.1M | $1.1M |
| Iowa | 1 | $990K | $990K |
| Nebraska | 1 | $587K | $587K |
| North Carolina | 1 | $500K | $500K |