Payroll Services: SBA acquisition lenders
7 SBA 7(a) loans financed acquisitions classified as Payroll Services nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 7
- Total approved
- $10.9M
- Median loan
- $882K
- Middle half of loans
- $575K 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 | Live Oak Banking Company | 2 | 29% | $2.9M | $5.8M |
| 2 | Simmons Bank | 1 | 14% | $2.0M | $2.0M |
| 3 | First National Bank of Pennsylvania | 1 | 14% | $1.6M | $1.6M |
| 4 | FFB Bank | 1 | 14% | $882K | $882K |
| 5 | Alaska Growth Capital BIDCO, Inc. | 1 | 14% | $345K | $345K |
| 6 | Manufacturers and Traders Trust Company | 1 | 14% | $298K | $298K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Indiana | 1 | $5.0M | $5.0M |
| Oklahoma | 1 | $2.0M | $2.0M |
| Ohio | 1 | $1.6M | $1.6M |
| California | 1 | $882K | $882K |
| Texas | 1 | $805K | $805K |
| Alaska | 1 | $345K | $345K |
| New York | 1 | $298K | $298K |