Local Messengers and Local Delivery: SBA acquisition lenders
31 recorded SBA 7(a) acquisition approvals for Local Messengers and Local Delivery, FY2024–FY2026. Median approved loan: $1.1M. See lenders and activity by state.
- Acquisitions financed
- 31
- Total approved
- $42.0M
- Median loan
- $1.1M
- Middle half of loans
- $635K to $1.6M
- 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 | GBank | 9 | 29% | $1.1M | $10.0M |
| 2 | The Huntington National Bank | 4 | 13% | $1.3M | $4.6M |
| 3 | Byline Bank | 2 | 6% | $3.3M | $6.6M |
| 4 | Live Oak Banking Company | 2 | 6% | $1.6M | $3.3M |
| 5 | Gulf Coast Bank and Trust Company | 2 | 6% | $1.2M | $2.4M |
| 6 | First Internet Bank of Indiana | 1 | 3% | $4.7M | $4.7M |
| 7 | KeyBank National Association | 1 | 3% | $3.5M | $3.5M |
| 8 | First Federal Savings Bank | 1 | 3% | $1.6M | $1.6M |
| 9 | VelocitySBA, LLC | 1 | 3% | $1.3M | $1.3M |
| 10 | Horizon Bank | 1 | 3% | $840K | $840K |
| 11 | Platinum Bank | 1 | 3% | $826K | $826K |
| 12 | U.S. Bank, National Association | 1 | 3% | $700K | $700K |
| 13 | IncredibleBank | 1 | 3% | $588K | $588K |
| 14 | Pinnacle Bank | 1 | 3% | $428K | $428K |
| 15 | Stearns Bank National Association | 1 | 3% | $350K | $350K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Florida | 7 | $635K | $9.1M |
| Pennsylvania | 3 | $263K | $1.2M |
| Illinois | 2 | $3.3M | $6.6M |
| Wisconsin | 2 | $1.6M | $3.3M |
| Georgia | 2 | $1.5M | $3.0M |
| Tennessee | 2 | $1.4M | $2.7M |
| California | 2 | $1.2M | $2.4M |
| Washington | 2 | $978K | $2.0M |
| Michigan | 2 | $965K | $1.9M |
| Indiana | 1 | $3.5M | $3.5M |
| Virginia | 1 | $2.0M | $2.0M |
| Utah | 1 | $1.3M | $1.3M |
| Louisiana | 1 | $1.1M | $1.1M |
| Connecticut | 1 | $883K | $883K |
| Nevada | 1 | $700K | $700K |
| New Jersey | 1 | $350K | $350K |