Tire Dealers: SBA acquisition lenders
22 recorded SBA 7(a) acquisition approvals for Tire Dealers, FY2024–FY2026. Median approved loan: $1.0M. See lenders and activity by state.
- Acquisitions financed
- 22
- Total approved
- $25.3M
- Median loan
- $1.0M
- Middle half of loans
- $508K to $1.5M
- 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 | Northern State Bank of Virginia | 2 | 9% | $1.5M | $3.1M |
| 2 | Bank of Utah | 2 | 9% | $1.1M | $2.1M |
| 3 | The Huntington National Bank | 2 | 9% | $839K | $1.7M |
| 4 | Live Oak Banking Company | 2 | 9% | $470K | $940K |
| 5 | First Commonwealth Bank | 1 | 5% | $3.6M | $3.6M |
| 6 | Citizens Bank | 1 | 5% | $2.7M | $2.7M |
| 7 | Gulf Coast Bank | 1 | 5% | $2.5M | $2.5M |
| 8 | TowneBank | 1 | 5% | $1.7M | $1.7M |
| 9 | Milestone Bank | 1 | 5% | $1.5M | $1.5M |
| 10 | United Midwest Savings Bank National Association | 1 | 5% | $1.3M | $1.3M |
| 11 | Readycap Lending, LLC | 1 | 5% | $1.0M | $1.0M |
| 12 | OakStar Bank | 1 | 5% | $756K | $756K |
| 13 | Harvest Small Business Finance, LLC | 1 | 5% | $636K | $636K |
| 14 | Belgrade State Bank | 1 | 5% | $606K | $606K |
| 15 | Zions Bancorporation, National Association | 1 | 5% | $475K | $475K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| New York | 3 | $1.3M | $5.2M |
| Idaho | 3 | $1.0M | $2.6M |
| California | 3 | $650K | $1.9M |
| Minnesota | 2 | $1.5M | $3.1M |
| Delaware | 2 | $839K | $1.7M |
| Missouri | 2 | $681K | $1.4M |
| Indiana | 1 | $2.7M | $2.7M |
| Louisiana | 1 | $2.5M | $2.5M |
| Texas | 1 | $1.7M | $1.7M |
| Florida | 1 | $1.5M | $1.5M |
| Kansas | 1 | $636K | $636K |
| Nevada | 1 | $284K | $284K |
| Michigan | 1 | $75K | $75K |