Masonry Contractors: SBA acquisition lenders
17 SBA 7(a) loans financed acquisitions classified as Masonry Contractors nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 17
- Total approved
- $22.1M
- Median loan
- $644K
- Middle half of loans
- $420K to $1.6M
- 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 | 2 | 12% | $2.1M | $4.2M |
| 2 | State Bank of the Lakes, National Association | 2 | 12% | $945K | $1.9M |
| 3 | Bank First, N.A. | 2 | 12% | $480K | $960K |
| 4 | Zions Bancorporation, National Association | 2 | 12% | $305K | $610K |
| 5 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | 6% | $4.7M | $4.7M |
| 6 | KeyBank National Association | 1 | 6% | $2.6M | $2.6M |
| 7 | Banesco USA | 1 | 6% | $2.6M | $2.6M |
| 8 | First Internet Bank of Indiana | 1 | 6% | $1.6M | $1.6M |
| 9 | Glacier Bank | 1 | 6% | $1.4M | $1.4M |
| 10 | Grow America Fund, Incorporated | 1 | 6% | $644K | $644K |
| 11 | Numerica CU | 1 | 6% | $500K | $500K |
| 12 | Bangor Savings Bank | 1 | 6% | $280K | $280K |
| 13 | Methuen Co-operative Bank | 1 | 6% | $108K | $108K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Ohio | 2 | $2.1M | $4.2M |
| Idaho | 2 | $2.0M | $4.0M |
| Illinois | 2 | $945K | $1.9M |
| Wisconsin | 2 | $480K | $960K |
| Arizona | 2 | $305K | $610K |
| North Carolina | 1 | $4.7M | $4.7M |
| Pennsylvania | 1 | $2.6M | $2.6M |
| Indiana | 1 | $1.6M | $1.6M |
| Hawaii | 1 | $644K | $644K |
| Washington | 1 | $500K | $500K |
| Maine | 1 | $280K | $280K |
| New Hampshire | 1 | $108K | $108K |