Machine Shops: SBA acquisition lenders
113 SBA 7(a) loans financed acquisitions classified as Machine Shops nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 113
- Total approved
- $173.9M
- Median loan
- $1.2M
- Middle half of loans
- $350K to $2.4M
- Median starting rate
- 9.25%
- 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 | 10 | 9% | $295K | $8.3M |
| 2 | Live Oak Banking Company | 6 | 5% | $1.9M | $14.0M |
| 3 | Truliant FCU | 5 | 4% | $2.0M | $10.5M |
| 4 | First Commonwealth Bank | 5 | 4% | $696K | $3.1M |
| 5 | Merchants Bank of Indiana | 4 | 4% | $1.8M | $7.4M |
| 6 | First Internet Bank of Indiana | 4 | 4% | $902K | $5.9M |
| 7 | Old National Bank | 4 | 4% | $888K | $5.8M |
| 8 | First Merchants Bank | 3 | 3% | $1.3M | $3.5M |
| 9 | First National Bank of Pennsylvania | 3 | 3% | $250K | $2.2M |
| 10 | Heritage Bank Inc | 3 | 3% | $638K | $1.9M |
| 11 | Pinnacle Bank | 2 | 2% | $2.5M | $5.0M |
| 12 | Meridian Bank | 2 | 2% | $2.0M | $4.1M |
| 13 | St. Louis Bank | 2 | 2% | $1.7M | $3.4M |
| 14 | Libertyville Bank & Trust Company, National Association | 2 | 2% | $1.6M | $3.3M |
| 15 | Cogent Bank | 2 | 2% | $1.6M | $3.3M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Illinois | 13 | $1.6M | $20.1M |
| Pennsylvania | 12 | $1.1M | $16.3M |
| Wisconsin | 10 | $2.0M | $17.5M |
| Texas | 9 | $1.8M | $17.7M |
| Ohio | 8 | $465K | $4.2M |
| North Carolina | 7 | $1.8M | $10.8M |
| Florida | 7 | $1.4M | $10.5M |
| California | 7 | $1.3M | $8.8M |
| Minnesota | 5 | $1.2M | $8.7M |
| New York | 4 | $2.5M | $10.3M |
| Michigan | 4 | $541K | $5.1M |
| Iowa | 4 | $196K | $1.6M |
| Arkansas | 3 | $4.7M | $11.3M |
| Arizona | 3 | $3.1M | $8.4M |
| New Jersey | 3 | $638K | $4.7M |
| Colorado | 3 | $674K | $3.9M |
| Connecticut | 2 | $1.3M | $2.6M |
| South Dakota | 2 | $383K | $766K |
| Georgia | 1 | $3.1M | $3.1M |
| Tennessee | 1 | $2.9M | $2.9M |
| Kansas | 1 | $1.6M | $1.6M |
| New Hampshire | 1 | $1.2M | $1.2M |
| Kentucky | 1 | $907K | $907K |
| Washington | 1 | $506K | $506K |
| South Carolina | 1 | $247K | $247K |