Residential Remodelers: SBA acquisition lenders
148 recorded SBA 7(a) acquisition approvals for Residential Remodelers, FY2024–FY2026. Median approved loan: $702K. See lenders and activity by state.
- Acquisitions financed
- 148
- Total approved
- $160.8M
- Median loan
- $702K
- Middle half of loans
- $326K to $1.5M
- 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 | 18 | 12% | $263K | $13.5M |
| 2 | First Internet Bank of Indiana | 10 | 7% | $513K | $11.0M |
| 3 | Live Oak Banking Company | 9 | 6% | $1.4M | $16.0M |
| 4 | First Bank | 8 | 5% | $577K | $6.0M |
| 5 | Manufacturers and Traders Trust Company | 7 | 5% | $400K | $6.5M |
| 6 | The Fidelity Bank | 5 | 3% | $1.5M | $7.8M |
| 7 | 22nd State Bank, A Division of 22nd State Banking Company | 5 | 3% | $999K | $6.9M |
| 8 | United Midwest Savings Bank National Association | 5 | 3% | $369K | $2.4M |
| 9 | VelocitySBA, LLC | 4 | 3% | $2.0M | $7.2M |
| 10 | TowneBank | 3 | 2% | $984K | $4.6M |
| 11 | Byline Bank | 3 | 2% | $702K | $2.5M |
| 12 | Celtic Bank Corporation | 3 | 2% | $499K | $2.3M |
| 13 | Truliant FCU | 2 | 1% | $2.5M | $5.0M |
| 14 | First Bank of the Lake | 2 | 1% | $2.2M | $4.3M |
| 15 | American Momentum Bank | 2 | 1% | $2.0M | $4.1M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Florida | 18 | $881K | $22.8M |
| North Carolina | 16 | $539K | $14.3M |
| New York | 10 | $882K | $13.3M |
| California | 9 | $719K | $7.4M |
| Ohio | 8 | $514K | $9.9M |
| Massachusetts | 8 | $461K | $4.2M |
| Pennsylvania | 7 | $750K | $6.3M |
| Colorado | 6 | $1.9M | $10.2M |
| Georgia | 6 | $832K | $5.2M |
| Virginia | 5 | $640K | $5.2M |
| Minnesota | 5 | $1.0M | $5.0M |
| Arizona | 4 | $630K | $4.2M |
| Texas | 4 | $532K | $3.8M |
| Maryland | 4 | $795K | $3.1M |
| New Jersey | 3 | $2.6M | $6.7M |
| Missouri | 3 | $325K | $4.7M |
| Kentucky | 3 | $1.0M | $3.9M |
| Washington | 3 | $200K | $3.2M |
| Illinois | 3 | $412K | $2.6M |
| Wisconsin | 3 | $121K | $406K |
| Iowa | 2 | $1.4M | $2.9M |
| Tennessee | 2 | $1.2M | $2.4M |
| New Mexico | 2 | $907K | $1.8M |
| Utah | 2 | $389K | $778K |
| Nebraska | 2 | $264K | $528K |
| Connecticut | 2 | $228K | $455K |
| Michigan | 1 | $3.3M | $3.3M |
| Alabama | 1 | $3.0M | $3.0M |
| Nevada | 1 | $2.7M | $2.7M |
| Kansas | 1 | $2.7M | $2.7M |
| Oklahoma | 1 | $1.7M | $1.7M |
| South Carolina | 1 | $821K | $821K |
| Mississippi | 1 | $746K | $746K |
| Indiana | 1 | $369K | $369K |