Musical Instrument and Supplies Retailers: SBA acquisition lenders
18 SBA 7(a) loans financed acquisitions classified as Musical Instrument and Supplies Retailers nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 18
- Total approved
- $19.2M
- Median loan
- $530K
- Middle half of loans
- $262K to $1.0M
- Median starting rate
- 10.00%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | First Internet Bank of Indiana | 3 | 17% | $570K | $5.6M |
| 2 | U.S. Bank, National Association | 3 | 17% | $438K | $1.8M |
| 3 | The Huntington National Bank | 2 | 11% | $490K | $980K |
| 4 | Sunrise Banks National Association | 2 | 11% | $310K | $620K |
| 5 | OakStar Bank | 2 | 11% | $214K | $428K |
| 6 | Valley National Bank | 1 | 6% | $4.4M | $4.4M |
| 7 | TowneBank | 1 | 6% | $3.0M | $3.0M |
| 8 | Bankwell Bank | 1 | 6% | $1.1M | $1.1M |
| 9 | Colony Bank | 1 | 6% | $650K | $650K |
| 10 | Zions Bancorporation, National Association | 1 | 6% | $489K | $489K |
| 11 | Newtek Bank, National Association | 1 | 6% | $200K | $200K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Colorado | 3 | $438K | $1.8M |
| Pennsylvania | 3 | $570K | $1.6M |
| Indiana | 2 | $2.5M | $5.0M |
| Texas | 2 | $1.8M | $3.7M |
| Minnesota | 2 | $310K | $620K |
| Missouri | 2 | $214K | $428K |
| Florida | 1 | $4.4M | $4.4M |
| Georgia | 1 | $1.1M | $1.1M |
| Arizona | 1 | $489K | $489K |
| Oregon | 1 | $200K | $200K |