Convenience Retailers: SBA acquisition lenders
165 recorded SBA 7(a) acquisition approvals for Convenience Retailers, FY2024–FY2026. Median approved loan: $665K. See lenders and activity by state.
- Acquisitions financed
- 165
- Total approved
- $138.8M
- Median loan
- $665K
- Middle half of loans
- $368K to $1.1M
- Median starting rate
- 9.25%
- Median term
- 13 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hanmi Bank | 25 | 15% | $547K | $18.4M |
| 2 | Open Bank | 14 | 8% | $1.1M | $19.3M |
| 3 | Readycap Lending, LLC | 8 | 5% | $1.8M | $13.9M |
| 4 | The Huntington National Bank | 8 | 5% | $325K | $2.9M |
| 5 | American Continental Bank | 7 | 4% | $295K | $3.5M |
| 6 | US Metro Bank | 6 | 4% | $1.3M | $8.6M |
| 7 | Rockland Trust Company | 6 | 4% | $264K | $1.8M |
| 8 | Mountain Pacific Bank | 5 | 3% | $1.7M | $8.2M |
| 9 | Gesa CU | 5 | 3% | $1.0M | $7.2M |
| 10 | Metro City Bank | 5 | 3% | $690K | $3.7M |
| 11 | Southwestern National Bank | 4 | 2% | $1.1M | $5.1M |
| 12 | Celtic Bank Corporation | 4 | 2% | $696K | $3.7M |
| 13 | Banner Bank | 4 | 2% | $419K | $1.6M |
| 14 | Cathay Bank | 3 | 2% | $479K | $1.5M |
| 15 | East West Bank | 3 | 2% | $586K | $1.5M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Washington | 48 | $745K | $53.6M |
| California | 31 | $654K | $20.5M |
| Texas | 21 | $955K | $21.2M |
| Ohio | 10 | $562K | $5.6M |
| Oregon | 9 | $430K | $8.0M |
| Massachusetts | 8 | $264K | $2.3M |
| Maryland | 4 | $835K | $3.4M |
| Illinois | 4 | $676K | $2.9M |
| Virginia | 4 | $365K | $1.4M |
| Michigan | 3 | $323K | $2.4M |
| New Jersey | 3 | $450K | $1.6M |
| Oklahoma | 2 | $2.0M | $4.1M |
| Rhode Island | 2 | $1.3M | $2.6M |
| Pennsylvania | 2 | $625K | $1.2M |
| Florida | 2 | $448K | $895K |
| New York | 2 | $396K | $793K |
| Missouri | 2 | $145K | $291K |
| Colorado | 1 | $1.6M | $1.6M |
| Arizona | 1 | $1.1M | $1.1M |
| Louisiana | 1 | $773K | $773K |
| Utah | 1 | $731K | $731K |
| Wisconsin | 1 | $699K | $699K |
| North Carolina | 1 | $407K | $407K |
| District of Columbia | 1 | $340K | $340K |
| West Virginia | 1 | $155K | $155K |