Mobile Food Services: SBA acquisition lenders
17 SBA 7(a) loans financed acquisitions classified as Mobile Food Services nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 17
- Total approved
- $6.0M
- Median loan
- $242K
- Middle half of loans
- $140K to $375K
- 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 | 2 | 12% | $114K | $228K |
| 2 | Live Oak Banking Company | 1 | 6% | $2.3M | $2.3M |
| 3 | FDIC - Community Bank & Trust-West Georgia | 1 | 6% | $554K | $554K |
| 4 | Chippewa Valley Bank | 1 | 6% | $446K | $446K |
| 5 | Pinnacle Bank | 1 | 6% | $377K | $377K |
| 6 | Readycap Lending, LLC | 1 | 6% | $375K | $375K |
| 7 | DFCU Financial | 1 | 6% | $279K | $279K |
| 8 | Lake Trust CU | 1 | 6% | $252K | $252K |
| 9 | The Bank of Commerce | 1 | 6% | $250K | $250K |
| 10 | Bridgewater Bank | 1 | 6% | $242K | $242K |
| 11 | Accordia Bank | 1 | 6% | $175K | $175K |
| 12 | Bank Five Nine | 1 | 6% | $150K | $150K |
| 13 | Belgrade State Bank | 1 | 6% | $140K | $140K |
| 14 | The Millyard Bank | 1 | 6% | $75K | $75K |
| 15 | Southern Bank | 1 | 6% | $50K | $50K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Ohio | 2 | $352K | $704K |
| Michigan | 2 | $266K | $531K |
| Pennsylvania | 2 | $114K | $228K |
| Missouri | 2 | $95K | $190K |
| Nevada | 1 | $2.3M | $2.3M |
| Wisconsin | 1 | $446K | $446K |
| Tennessee | 1 | $377K | $377K |
| California | 1 | $375K | $375K |
| Idaho | 1 | $250K | $250K |
| Minnesota | 1 | $242K | $242K |
| Utah | 1 | $175K | $175K |
| Massachusetts | 1 | $75K | $75K |
| Oklahoma | 1 | $45K | $45K |