Exam Preparation and Tutoring: SBA acquisition lenders
32 recorded SBA 7(a) acquisition approvals for Exam Preparation and Tutoring, FY2024–FY2026. Median approved loan: $332K. See lenders and activity by state.
- Acquisitions financed
- 32
- Total approved
- $20.7M
- Median loan
- $332K
- Middle half of loans
- $170K to $736K
- Median starting rate
- 9.87%
- 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 | 4 | 12% | $1.1M | $5.5M |
| 2 | Live Oak Banking Company | 4 | 12% | $325K | $2.2M |
| 3 | United Community Bank | 2 | 6% | $345K | $690K |
| 4 | First Merchants Bank | 2 | 6% | $80K | $159K |
| 5 | Bank of America, National Association | 1 | 3% | $3.8M | $3.8M |
| 6 | Gulf Coast Bank and Trust Company | 1 | 3% | $951K | $951K |
| 7 | First Internet Bank of Indiana | 1 | 3% | $867K | $867K |
| 8 | U.S. Bank, National Association | 1 | 3% | $854K | $854K |
| 9 | Truliant FCU | 1 | 3% | $782K | $782K |
| 10 | Heritage Bank Inc | 1 | 3% | $720K | $720K |
| 11 | United Midwest Savings Bank National Association | 1 | 3% | $644K | $644K |
| 12 | First Bank of the Lake | 1 | 3% | $491K | $491K |
| 13 | Armstrong Bank | 1 | 3% | $460K | $460K |
| 14 | United FCU | 1 | 3% | $433K | $433K |
| 15 | Banesco USA | 1 | 3% | $361K | $361K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 8 | $380K | $7.0M |
| California | 5 | $720K | $3.1M |
| Florida | 4 | $346K | $4.7M |
| Washington | 2 | $795K | $1.6M |
| New York | 2 | $591K | $1.2M |
| New Jersey | 2 | $404K | $809K |
| North Carolina | 2 | $258K | $516K |
| Georgia | 2 | $216K | $432K |
| Illinois | 2 | $212K | $423K |
| Michigan | 2 | $80K | $159K |
| Massachusetts | 1 | $782K | $782K |