Elementary and Secondary Schools: SBA acquisition lenders
24 recorded SBA 7(a) acquisition approvals for Elementary and Secondary Schools, FY2024–FY2026. Median approved loan: $686K. See lenders and activity by state.
- Acquisitions financed
- 24
- Total approved
- $22.2M
- Median loan
- $686K
- Middle half of loans
- $273K to $1.6M
- Median starting rate
- 10.12%
- 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 | 25% | $184K | $2.2M |
| 2 | Midwest Regional Bank | 2 | 8% | $1.4M | $2.8M |
| 3 | Fulton Bank, National Association | 2 | 8% | $817K | $1.6M |
| 4 | Rockland Trust Company | 2 | 8% | $672K | $1.3M |
| 5 | Plumas Bank | 1 | 4% | $2.2M | $2.2M |
| 6 | St. Louis Bank | 1 | 4% | $2.1M | $2.1M |
| 7 | Live Oak Banking Company | 1 | 4% | $2.0M | $2.0M |
| 8 | Byline Bank | 1 | 4% | $1.9M | $1.9M |
| 9 | SouthState Bank, National Association | 1 | 4% | $1.9M | $1.9M |
| 10 | PNC Bank, National Association | 1 | 4% | $1.1M | $1.1M |
| 11 | VelocitySBA, LLC | 1 | 4% | $1.1M | $1.1M |
| 12 | Fifth Third Bank | 1 | 4% | $706K | $706K |
| 13 | Colony Bank | 1 | 4% | $469K | $469K |
| 14 | Beacon Bank and Trust | 1 | 4% | $403K | $403K |
| 15 | Bank Five Nine | 1 | 4% | $350K | $350K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Arizona | 6 | $1.1M | $7.1M |
| California | 3 | $2.0M | $5.3M |
| Florida | 2 | $1.9M | $3.8M |
| Indiana | 2 | $817K | $1.6M |
| Massachusetts | 2 | $672K | $1.3M |
| Tennessee | 2 | $348K | $695K |
| North Carolina | 2 | $171K | $342K |
| Michigan | 1 | $706K | $706K |
| South Carolina | 1 | $469K | $469K |
| New Jersey | 1 | $403K | $403K |
| Alabama | 1 | $350K | $350K |
| Oregon | 1 | $137K | $137K |