Food Service Contractors: SBA acquisition lenders
18 recorded SBA 7(a) acquisition approvals for Food Service Contractors, FY2024–FY2026. Median approved loan: $471K. See lenders and activity by state.
- Acquisitions financed
- 18
- Total approved
- $14.3M
- Median loan
- $471K
- Middle half of loans
- $178K to $1.2M
- Median starting rate
- 10.00%
- 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 | 7 | 39% | $150K | $1.1M |
| 2 | Stock Yards Bank & Trust Company | 3 | 17% | $750K | $4.0M |
| 3 | Readycap Lending, LLC | 2 | 11% | $1.9M | $3.9M |
| 4 | T Bank, National Association | 1 | 6% | $1.5M | $1.5M |
| 5 | Beacon Community Bank | 1 | 6% | $1.4M | $1.4M |
| 6 | Live Oak Banking Company | 1 | 6% | $1.3M | $1.3M |
| 7 | Univest Bank and Trust Co | 1 | 6% | $500K | $500K |
| 8 | Decatur County Bank | 1 | 6% | $442K | $442K |
| 9 | Hancock Whitney Bank | 1 | 6% | $212K | $212K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Ohio | 5 | $150K | $784K |
| Kentucky | 3 | $750K | $4.0M |
| Florida | 3 | $212K | $511K |
| Indiana | 1 | $3.3M | $3.3M |
| Massachusetts | 1 | $1.5M | $1.5M |
| South Carolina | 1 | $1.4M | $1.4M |
| California | 1 | $1.3M | $1.3M |
| Washington | 1 | $532K | $532K |
| Pennsylvania | 1 | $500K | $500K |
| Tennessee | 1 | $442K | $442K |