Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services: SBA acquisition lenders
19 recorded SBA 7(a) acquisition approvals for Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services, FY2024–FY2026. Median approved loan: $898K. See lenders and activity by state.
- Acquisitions financed
- 19
- Total approved
- $31.1M
- Median loan
- $898K
- Middle half of loans
- $458K to $2.1M
- Median starting rate
- 10.00%
- 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 | 6 | 32% | $117K | $1.3M |
| 2 | Manufacturers and Traders Trust Company | 3 | 16% | $1.7M | $6.7M |
| 3 | Live Oak Banking Company | 2 | 11% | $1.1M | $2.3M |
| 4 | City National Bank of Florida | 1 | 5% | $5.0M | $5.0M |
| 5 | Financial Resources Federal Credit Union | 1 | 5% | $4.9M | $4.9M |
| 6 | Minnwest Bank | 1 | 5% | $4.0M | $4.0M |
| 7 | Kendall Bank | 1 | 5% | $2.2M | $2.2M |
| 8 | Stearns Bank National Association | 1 | 5% | $2.0M | $2.0M |
| 9 | The Bancorp Bank National Association | 1 | 5% | $1.2M | $1.2M |
| 10 | Newtek Bank, National Association | 1 | 5% | $800K | $800K |
| 11 | Citizens Bank | 1 | 5% | $697K | $697K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| New York | 4 | $886K | $3.5M |
| Indiana | 2 | $232K | $465K |
| California | 2 | $117K | $235K |
| Connecticut | 1 | $5.0M | $5.0M |
| New Jersey | 1 | $4.9M | $4.9M |
| Maryland | 1 | $4.5M | $4.5M |
| Minnesota | 1 | $4.0M | $4.0M |
| Missouri | 1 | $2.2M | $2.2M |
| Texas | 1 | $2.0M | $2.0M |
| Kansas | 1 | $1.4M | $1.4M |
| Florida | 1 | $898K | $898K |
| New Hampshire | 1 | $800K | $800K |
| South Carolina | 1 | $697K | $697K |
| Virginia | 1 | $500K | $500K |