Financial Transactions Processing, Reserve, and Clearinghouse Activities: SBA acquisition lenders
8 recorded SBA 7(a) acquisition approvals for Financial Transactions Processing, Reserve, and Clearinghouse Activities, FY2024–FY2026. Median approved loan: $939K. See lenders and activity by state.
- Acquisitions financed
- 8
- Total approved
- $8.2M
- Median loan
- $939K
- Middle half of loans
- $336K to $1.3M
- Median starting rate
- 10.38%
- 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 | 2 | 25% | $620K | $1.2M |
| 2 | First Financial Bank | 1 | 12% | $3.2M | $3.2M |
| 3 | T Bank, National Association | 1 | 12% | $1.4M | $1.4M |
| 4 | Live Oak Banking Company | 1 | 12% | $1.2M | $1.2M |
| 5 | U.S. Bank, National Association | 1 | 12% | $707K | $707K |
| 6 | Southern Bank | 1 | 12% | $408K | $408K |
| 7 | Zions Bancorporation, National Association | 1 | 12% | $119K | $119K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Ohio | 2 | $2.2M | $4.4M |
| Wisconsin | 2 | $620K | $1.2M |
| New Jersey | 1 | $1.4M | $1.4M |
| Colorado | 1 | $707K | $707K |
| Missouri | 1 | $408K | $408K |
| Arizona | 1 | $119K | $119K |