Testing Laboratories and Services: SBA acquisition lenders
22 SBA 7(a) loans financed acquisitions classified as Testing Laboratories and Services nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 22
- Total approved
- $30.9M
- Median loan
- $815K
- Middle half of loans
- $177K to $2.4M
- Median starting rate
- 9.38%
- 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 | 4 | 18% | $450K | $2.5M |
| 2 | Pathward National Association | 3 | 14% | $3.8M | $8.4M |
| 3 | Live Oak Banking Company | 2 | 9% | $2.4M | $4.8M |
| 4 | First Internet Bank of Indiana | 2 | 9% | $1.8M | $3.5M |
| 5 | Byline Bank | 2 | 9% | $1.5M | $3.1M |
| 6 | Macatawa Bank, National Association | 2 | 9% | $680K | $1.4M |
| 7 | KeyBank National Association | 1 | 5% | $2.8M | $2.8M |
| 8 | Pinnacle Bank | 1 | 5% | $2.4M | $2.4M |
| 9 | Bank of America, National Association | 1 | 5% | $945K | $945K |
| 10 | Security State Bank and Trust | 1 | 5% | $403K | $403K |
| 11 | The Bancorp Bank National Association | 1 | 5% | $380K | $380K |
| 12 | Kendall Bank | 1 | 5% | $153K | $153K |
| 13 | Zions Bancorporation, National Association | 1 | 5% | $114K | $114K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 6 | $1.4M | $12.0M |
| Tennessee | 3 | $800K | $3.3M |
| Florida | 2 | $1.8M | $3.5M |
| Louisiana | 2 | $805K | $1.6M |
| Michigan | 2 | $680K | $1.4M |
| Texas | 2 | $616K | $1.2M |
| Maryland | 1 | $3.8M | $3.8M |
| Oregon | 1 | $2.8M | $2.8M |
| Virginia | 1 | $945K | $945K |
| Kansas | 1 | $153K | $153K |
| Nevada | 1 | $114K | $114K |