General Automotive Repair: SBA acquisition lenders
485 recorded SBA 7(a) acquisition approvals for General Automotive Repair, FY2024–FY2026. Median approved loan: $686K. See lenders and activity by state.
- Acquisitions financed
- 485
- Total approved
- $459.0M
- Median loan
- $686K
- Middle half of loans
- $350K to $1.3M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 100 | 21% | $1.0M | $130.6M |
| 2 | The Huntington National Bank | 45 | 9% | $352K | $30.3M |
| 3 | First Internet Bank of Indiana | 11 | 2% | $678K | $9.9M |
| 4 | Manufacturers and Traders Trust Company | 11 | 2% | $100K | $1.7M |
| 5 | U.S. Bank, National Association | 10 | 2% | $520K | $7.1M |
| 6 | T Bank, National Association | 9 | 2% | $1.5M | $14.5M |
| 7 | VelocitySBA, LLC | 8 | 2% | $608K | $5.7M |
| 8 | BayFirst National Bank | 8 | 2% | $361K | $3.0M |
| 9 | Seacoast National Bank | 7 | 1% | $1.2M | $10.8M |
| 10 | Citizens Bank | 7 | 1% | $877K | $6.2M |
| 11 | Newtek Bank, National Association | 7 | 1% | $150K | $1.2M |
| 12 | KeyBank National Association | 6 | 1% | $290K | $2.3M |
| 13 | Beacon Bank and Trust | 5 | 1% | $985K | $8.5M |
| 14 | SouthState Bank, National Association | 5 | 1% | $867K | $6.0M |
| 15 | TowneBank | 5 | 1% | $1.3M | $5.6M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 51 | $1.1M | $58.3M |
| California | 46 | $648K | $41.1M |
| Florida | 30 | $980K | $38.7M |
| Illinois | 26 | $809K | $26.9M |
| Michigan | 19 | $660K | $15.8M |
| Pennsylvania | 18 | $976K | $21.2M |
| Washington | 18 | $696K | $20.0M |
| North Carolina | 17 | $719K | $15.6M |
| New York | 17 | $605K | $13.3M |
| Virginia | 16 | $437K | $17.2M |
| Wisconsin | 16 | $743K | $14.6M |
| New Jersey | 16 | $708K | $13.8M |
| Minnesota | 14 | $502K | $8.2M |
| Massachusetts | 13 | $480K | $12.5M |
| Maryland | 13 | $275K | $6.6M |
| Ohio | 13 | $279K | $4.8M |
| Arizona | 12 | $1.4M | $22.1M |
| Colorado | 12 | $478K | $9.7M |
| South Carolina | 12 | $748K | $9.6M |
| Indiana | 12 | $818K | $9.2M |
| Missouri | 11 | $968K | $11.6M |
| Georgia | 8 | $542K | $7.7M |
| Tennessee | 7 | $492K | $4.5M |
| Alabama | 6 | $543K | $3.7M |
| Nevada | 5 | $469K | $4.8M |
| Oregon | 5 | $487K | $4.6M |
| Idaho | 4 | $978K | $3.8M |
| Utah | 4 | $754K | $3.6M |
| Connecticut | 4 | $821K | $3.3M |
| Oklahoma | 4 | $707K | $2.7M |
| Mississippi | 4 | $615K | $2.1M |
| Montana | 4 | $483K | $1.9M |
| Iowa | 4 | $178K | $907K |
| Vermont | 4 | $38K | $280K |
| New Hampshire | 3 | $595K | $2.9M |
| Louisiana | 3 | $783K | $2.4M |
| Kansas | 2 | $2.1M | $4.1M |
| Kentucky | 2 | $1.5M | $3.1M |
| South Dakota | 2 | $1.1M | $2.1M |
| Maine | 2 | $230K | $460K |
| Alaska | 1 | $4.3M | $4.3M |
| Arkansas | 1 | $1.8M | $1.8M |
| Rhode Island | 1 | $960K | $960K |
| Wyoming | 1 | $880K | $880K |
| New Mexico | 1 | $627K | $627K |
| Delaware | 1 | $548K | $548K |