Limited-Service Restaurants: SBA acquisition lenders
826 recorded SBA 7(a) acquisition approvals for Limited-Service Restaurants, FY2024–FY2026. Median approved loan: $414K. See lenders and activity by state.
- Acquisitions financed
- 826
- Total approved
- $573.9M
- Median loan
- $414K
- Middle half of loans
- $233K to $835K
- 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 | The Huntington National Bank | 77 | 9% | $284K | $38.2M |
| 2 | Live Oak Banking Company | 71 | 9% | $500K | $82.5M |
| 3 | Hanmi Bank | 44 | 5% | $328K | $21.3M |
| 4 | PCB Bank | 20 | 2% | $297K | $6.0M |
| 5 | Byline Bank | 18 | 2% | $772K | $21.3M |
| 6 | TowneBank | 18 | 2% | $750K | $16.5M |
| 7 | Newtek Bank, National Association | 17 | 2% | $275K | $6.0M |
| 8 | Manufacturers and Traders Trust Company | 15 | 2% | $189K | $4.6M |
| 9 | Celtic Bank Corporation | 14 | 2% | $435K | $15.4M |
| 10 | Centerstone SBA Lending, Inc. | 12 | 1% | $342K | $5.7M |
| 11 | Bank of Hope | 12 | 1% | $190K | $3.0M |
| 12 | Gesa CU | 11 | 1% | $360K | $7.0M |
| 13 | Northwest Bank | 11 | 1% | $165K | $4.7M |
| 14 | Royal Business Bank | 10 | 1% | $1.2M | $10.6M |
| 15 | GBC International Bank | 10 | 1% | $390K | $4.3M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 116 | $378K | $72.3M |
| Washington | 82 | $354K | $39.1M |
| Texas | 68 | $540K | $58.5M |
| Michigan | 44 | $400K | $33.5M |
| Florida | 40 | $476K | $27.6M |
| Illinois | 34 | $496K | $33.6M |
| New York | 32 | $395K | $25.9M |
| Georgia | 32 | $400K | $19.5M |
| Ohio | 29 | $325K | $19.2M |
| Pennsylvania | 29 | $309K | $15.4M |
| North Carolina | 23 | $510K | $28.0M |
| Minnesota | 22 | $301K | $17.2M |
| New Jersey | 22 | $550K | $14.4M |
| Indiana | 18 | $464K | $12.2M |
| Wisconsin | 17 | $420K | $11.1M |
| Virginia | 16 | $516K | $14.1M |
| New Hampshire | 15 | $352K | $5.9M |
| Arizona | 14 | $782K | $12.1M |
| Massachusetts | 13 | $461K | $8.1M |
| Missouri | 12 | $505K | $7.7M |
| Colorado | 12 | $328K | $6.1M |
| Oregon | 12 | $385K | $4.4M |
| Louisiana | 11 | $261K | $5.5M |
| Iowa | 10 | $382K | $6.4M |
| Maryland | 9 | $260K | $3.8M |
| Tennessee | 8 | $892K | $8.9M |
| Alabama | 8 | $504K | $8.4M |
| Utah | 8 | $572K | $5.2M |
| South Carolina | 7 | $450K | $3.7M |
| South Dakota | 6 | $813K | $5.4M |
| Mississippi | 6 | $384K | $4.9M |
| Kentucky | 5 | $520K | $7.1M |
| Nebraska | 5 | $690K | $6.2M |
| Kansas | 5 | $950K | $4.2M |
| Maine | 5 | $366K | $2.2M |
| Nevada | 5 | $520K | $2.1M |
| Connecticut | 5 | $350K | $1.6M |
| Montana | 5 | $300K | $1.4M |
| Delaware | 4 | $582K | $3.2M |
| Vermont | 3 | $315K | $1.0M |
| Oklahoma | 2 | $1.9M | $3.9M |
| New Mexico | 2 | $729K | $1.5M |
| Alaska | 2 | $392K | $784K |
| Puerto Rico | 2 | $273K | $545K |
| Hawaii | 1 | $250K | $250K |