Engineering Services: SBA acquisition lenders
113 recorded SBA 7(a) acquisition approvals for Engineering Services, FY2024–FY2026. Median approved loan: $797K. See lenders and activity by state.
- Acquisitions financed
- 113
- Total approved
- $154.6M
- Median loan
- $797K
- Middle half of loans
- $300K to $2.1M
- 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 | The Huntington National Bank | 21 | 19% | $1.0M | $26.7M |
| 2 | Live Oak Banking Company | 14 | 12% | $568K | $19.2M |
| 3 | First Internet Bank of Indiana | 6 | 5% | $516K | $8.6M |
| 4 | Fifth Third Bank | 4 | 4% | $1.6M | $6.7M |
| 5 | CIBC Bank USA | 4 | 4% | $235K | $3.2M |
| 6 | Port 51 Lending LLC | 3 | 3% | $1.8M | $6.6M |
| 7 | Old National Bank | 3 | 3% | $1.8M | $6.4M |
| 8 | Manufacturers and Traders Trust Company | 2 | 2% | $1.4M | $2.9M |
| 9 | Primis Bank | 2 | 2% | $1.4M | $2.8M |
| 10 | First Financial Bank | 2 | 2% | $1.4M | $2.8M |
| 11 | First Bank of the Lake | 2 | 2% | $1.2M | $2.4M |
| 12 | Washington Trust Bank | 2 | 2% | $1.1M | $2.2M |
| 13 | Hancock Whitney Bank | 2 | 2% | $853K | $1.7M |
| 14 | Security Bank & Trust Company | 2 | 2% | $449K | $898K |
| 15 | Bank of Ann Arbor | 2 | 2% | $418K | $837K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Florida | 14 | $588K | $16.2M |
| California | 12 | $590K | $14.5M |
| New Jersey | 9 | $700K | $17.1M |
| Michigan | 9 | $637K | $10.2M |
| Texas | 8 | $1.0M | $8.3M |
| Pennsylvania | 7 | $790K | $6.5M |
| Maryland | 6 | $1.9M | $13.0M |
| Idaho | 6 | $225K | $5.1M |
| Ohio | 4 | $1.1M | $6.6M |
| South Carolina | 3 | $2.8M | $6.3M |
| Washington | 3 | $564K | $4.1M |
| North Carolina | 3 | $572K | $3.3M |
| Wisconsin | 3 | $600K | $2.7M |
| Colorado | 3 | $360K | $2.1M |
| Minnesota | 3 | $750K | $1.6M |
| Massachusetts | 2 | $2.8M | $5.6M |
| New York | 2 | $2.2M | $4.5M |
| Louisiana | 2 | $1.5M | $3.1M |
| New Mexico | 2 | $1.4M | $2.8M |
| Utah | 2 | $1.3M | $2.7M |
| Illinois | 2 | $462K | $923K |
| Alabama | 1 | $5.0M | $5.0M |
| North Dakota | 1 | $4.4M | $4.4M |
| Arizona | 1 | $2.6M | $2.6M |
| District of Columbia | 1 | $1.8M | $1.8M |
| Connecticut | 1 | $1.8M | $1.8M |
| Tennessee | 1 | $1.2M | $1.2M |
| Kentucky | 1 | $350K | $350K |
| Georgia | 1 | $332K | $332K |