Metal Service Centers and Other Metal Merchant Wholesalers: SBA acquisition lenders
15 SBA 7(a) loans financed acquisitions classified as Metal Service Centers and Other Metal Merchant Wholesalers nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 15
- Total approved
- $24.5M
- Median loan
- $820K
- Middle half of loans
- $537K to $2.7M
- Median starting rate
- 8.85%
- 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 | 5 | 33% | $820K | $5.9M |
| 2 | Beacon Bank and Trust | 2 | 13% | $2.5M | $5.0M |
| 3 | Zions Bancorporation, National Association | 2 | 13% | $1.8M | $3.6M |
| 4 | OakStar Bank | 2 | 13% | $1.7M | $3.4M |
| 5 | Pathward National Association | 2 | 13% | $324K | $649K |
| 6 | Live Oak Banking Company | 1 | 7% | $5.0M | $5.0M |
| 7 | Grand River Bank | 1 | 7% | $1.0M | $1.0M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| South Carolina | 3 | $820K | $3.5M |
| Kansas | 2 | $1.7M | $3.4M |
| North Carolina | 2 | $1.2M | $2.4M |
| Washington | 2 | $324K | $649K |
| Texas | 1 | $5.0M | $5.0M |
| Massachusetts | 1 | $4.2M | $4.2M |
| California | 1 | $2.8M | $2.8M |
| Michigan | 1 | $1.0M | $1.0M |
| Utah | 1 | $800K | $800K |
| Connecticut | 1 | $735K | $735K |