New Car Dealers: SBA acquisition lenders
29 recorded SBA 7(a) acquisition approvals for New Car Dealers, FY2024–FY2026. Median approved loan: $3.6M. See lenders and activity by state.
- Acquisitions financed
- 29
- Total approved
- $99.5M
- Median loan
- $3.6M
- Middle half of loans
- $2.0M to $5.0M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 16 | 55% | $5.0M | $68.2M |
| 2 | Glacier Bank | 2 | 7% | $2.5M | $5.0M |
| 3 | Newtek Bank, National Association | 2 | 7% | $2.5M | $5.0M |
| 4 | Community Banks of Colorado, A Division of NBH Bank | 2 | 7% | $1.8M | $3.7M |
| 5 | InBank | 1 | 3% | $5.0M | $5.0M |
| 6 | KeyBank National Association | 1 | 3% | $4.5M | $4.5M |
| 7 | Southwestern National Bank | 1 | 3% | $3.0M | $3.0M |
| 8 | First Merchants Bank | 1 | 3% | $1.5M | $1.5M |
| 9 | First Internet Bank of Indiana | 1 | 3% | $1.4M | $1.4M |
| 10 | Evolve Bank and Trust | 1 | 3% | $1.2M | $1.2M |
| 11 | Midwest Regional Bank | 1 | 3% | $995K | $995K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 5 | $5.0M | $23.8M |
| Michigan | 4 | $1.8M | $7.9M |
| California | 3 | $3.0M | $10.6M |
| New York | 2 | $5.0M | $10.0M |
| Nevada | 2 | $2.5M | $5.0M |
| Washington | 2 | $2.5M | $5.0M |
| Arizona | 2 | $1.1M | $2.2M |
| Indiana | 1 | $5.0M | $5.0M |
| Virginia | 1 | $5.0M | $5.0M |
| West Virginia | 1 | $5.0M | $5.0M |
| Wyoming | 1 | $5.0M | $5.0M |
| Oklahoma | 1 | $4.6M | $4.6M |
| Ohio | 1 | $4.5M | $4.5M |
| Kansas | 1 | $2.6M | $2.6M |
| Florida | 1 | $2.2M | $2.2M |
| Colorado | 1 | $1.1M | $1.1M |