Service Establishment Equipment and Supplies Merchant Wholesalers: SBA acquisition lenders
20 recorded SBA 7(a) acquisition approvals for Service Establishment Equipment and Supplies Merchant Wholesalers, FY2024–FY2026. Median approved loan: $1.1M. See lenders and activity by state.
- Acquisitions financed
- 20
- Total approved
- $23.9M
- Median loan
- $1.1M
- Middle half of loans
- $288K to $1.6M
- Median starting rate
- 9.25%
- 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 | 6 | 30% | $648K | $4.7M |
| 2 | City National Bank | 4 | 20% | $828K | $3.3M |
| 3 | Byline Bank | 2 | 10% | $1.9M | $3.8M |
| 4 | Fifth Third Bank | 1 | 5% | $3.6M | $3.6M |
| 5 | Midwest Regional Bank | 1 | 5% | $3.2M | $3.2M |
| 6 | Commerce Bank | 1 | 5% | $1.3M | $1.3M |
| 7 | VelocitySBA, LLC | 1 | 5% | $1.1M | $1.1M |
| 8 | Plumas Bank | 1 | 5% | $870K | $870K |
| 9 | Busey Bank | 1 | 5% | $850K | $850K |
| 10 | Beacon Bank and Trust | 1 | 5% | $750K | $750K |
| 11 | UMB Bank, National Association | 1 | 5% | $250K | $250K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 5 | $870K | $4.2M |
| Missouri | 3 | $1.3M | $5.7M |
| Maryland | 2 | $861K | $1.7M |
| Michigan | 2 | $846K | $1.7M |
| New Jersey | 2 | $648K | $1.3M |
| Texas | 1 | $3.6M | $3.6M |
| Virginia | 1 | $2.5M | $2.5M |
| North Carolina | 1 | $1.3M | $1.3M |
| Illinois | 1 | $850K | $850K |
| Kentucky | 1 | $750K | $750K |
| Kansas | 1 | $250K | $250K |