Motor Vehicle Towing: SBA acquisition lenders
23 recorded SBA 7(a) acquisition approvals for Motor Vehicle Towing, FY2024–FY2026. Median approved loan: $828K. See lenders and activity by state.
- Acquisitions financed
- 23
- Total approved
- $36.8M
- Median loan
- $828K
- Middle half of loans
- $540K to $1.8M
- 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 | Midwest Regional Bank | 2 | 9% | $5.0M | $10.0M |
| 2 | The Huntington National Bank | 2 | 9% | $464K | $928K |
| 3 | BankVista | 2 | 9% | $385K | $770K |
| 4 | First-Citizens Bank & Trust Company | 1 | 4% | $4.8M | $4.8M |
| 5 | United Business Bank | 1 | 4% | $4.1M | $4.1M |
| 6 | Truliant FCU | 1 | 4% | $3.1M | $3.1M |
| 7 | Wilmington Savings Fund Society FSB | 1 | 4% | $1.9M | $1.9M |
| 8 | East West Bank | 1 | 4% | $1.7M | $1.7M |
| 9 | VelocitySBA, LLC | 1 | 4% | $1.5M | $1.5M |
| 10 | Integro Bank | 1 | 4% | $1.4M | $1.4M |
| 11 | North State Bank | 1 | 4% | $1.2M | $1.2M |
| 12 | First Horizon Bank | 1 | 4% | $1.2M | $1.2M |
| 13 | State Bank of Southern Utah | 1 | 4% | $788K | $788K |
| 14 | Savings Bank of Walpole | 1 | 4% | $640K | $640K |
| 15 | First Bank | 1 | 4% | $543K | $543K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 3 | $1.7M | $6.4M |
| Texas | 3 | $1.5M | $5.1M |
| North Carolina | 3 | $543K | $2.1M |
| Missouri | 2 | $5.0M | $10.0M |
| Florida | 2 | $967K | $1.9M |
| Ohio | 2 | $464K | $928K |
| Minnesota | 2 | $385K | $770K |
| Virginia | 1 | $4.8M | $4.8M |
| Maryland | 1 | $1.9M | $1.9M |
| Tennessee | 1 | $1.2M | $1.2M |
| Utah | 1 | $788K | $788K |
| New Hampshire | 1 | $640K | $640K |
| Arizona | 1 | $270K | $270K |