Used Merchandise Retailers: SBA acquisition lenders
26 recorded SBA 7(a) acquisition approvals for Used Merchandise Retailers, FY2024–FY2026. Median approved loan: $315K. See lenders and activity by state.
- Acquisitions financed
- 26
- Total approved
- $15.1M
- Median loan
- $315K
- Middle half of loans
- $137K to $874K
- 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 | 15% | $103K | $585K |
| 2 | Old National Bank | 2 | 8% | $522K | $1.0M |
| 3 | First State Bank and Trust | 2 | 8% | $80K | $160K |
| 4 | American Momentum Bank | 1 | 4% | $2.5M | $2.5M |
| 5 | VelocitySBA, LLC | 1 | 4% | $1.8M | $1.8M |
| 6 | Byline Bank | 1 | 4% | $1.7M | $1.7M |
| 7 | Bonvenu Bank NA | 1 | 4% | $1.4M | $1.4M |
| 8 | Banner Bank | 1 | 4% | $1.1M | $1.1M |
| 9 | Citizens Bank | 1 | 4% | $1.0M | $1.0M |
| 10 | United Community Bank | 1 | 4% | $945K | $945K |
| 11 | First Internet Bank of Indiana | 1 | 4% | $659K | $659K |
| 12 | The First National Bank in Sioux Falls | 1 | 4% | $500K | $500K |
| 13 | Readycap Lending, LLC | 1 | 4% | $366K | $366K |
| 14 | Truliant FCU | 1 | 4% | $275K | $275K |
| 15 | First Bank of the Lake | 1 | 4% | $260K | $260K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Michigan | 4 | $259K | $1.1M |
| Georgia | 3 | $180K | $864K |
| Louisiana | 2 | $1.2M | $2.4M |
| California | 2 | $675K | $1.4M |
| Kansas | 2 | $80K | $160K |
| Ohio | 1 | $2.5M | $2.5M |
| Vermont | 1 | $1.8M | $1.8M |
| Idaho | 1 | $1.7M | $1.7M |
| Florida | 1 | $945K | $945K |
| Nebraska | 1 | $500K | $500K |
| Minnesota | 1 | $466K | $466K |
| Colorado | 1 | $366K | $366K |
| North Carolina | 1 | $275K | $275K |
| Missouri | 1 | $188K | $188K |
| Wisconsin | 1 | $143K | $143K |
| Alabama | 1 | $118K | $118K |
| Connecticut | 1 | $100K | $100K |
| Massachusetts | 1 | $80K | $80K |