Vending Machine Operators: SBA acquisition lenders
25 SBA 7(a) loans financed acquisitions classified as Vending Machine Operators nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 25
- Total approved
- $9.4M
- Median loan
- $305K
- Middle half of loans
- $144K to $429K
- 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 | The Huntington National Bank | 4 | 16% | $235K | $997K |
| 2 | Security Bank & Trust Company | 2 | 8% | $648K | $1.3M |
| 3 | Newtek Bank, National Association | 2 | 8% | $62K | $125K |
| 4 | Midwest Regional Bank | 1 | 4% | $1.3M | $1.3M |
| 5 | Live Oak Banking Company | 1 | 4% | $1.2M | $1.2M |
| 6 | Manufacturers and Traders Trust Company | 1 | 4% | $585K | $585K |
| 7 | Pinnacle Bank | 1 | 4% | $498K | $498K |
| 8 | Texas First Bank | 1 | 4% | $429K | $429K |
| 9 | Michigan Certified Development Corporation | 1 | 4% | $350K | $350K |
| 10 | Stearns Bank National Association | 1 | 4% | $350K | $350K |
| 11 | The Canandaigua National Bank and Trust Company | 1 | 4% | $348K | $348K |
| 12 | KeyBank National Association | 1 | 4% | $338K | $338K |
| 13 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | 4% | $318K | $318K |
| 14 | Banesco USA | 1 | 4% | $305K | $305K |
| 15 | First Bank | 1 | 4% | $281K | $281K |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| New York | 4 | $466K | $2.5M |
| Texas | 4 | $389K | $2.2M |
| Minnesota | 3 | $150K | $1.4M |
| Florida | 3 | $100K | $382K |
| North Carolina | 2 | $390K | $779K |
| Colorado | 2 | $264K | $528K |
| California | 2 | $264K | $527K |
| Indiana | 2 | $131K | $263K |
| Michigan | 1 | $350K | $350K |
| Oregon | 1 | $305K | $305K |
| Illinois | 1 | $144K | $144K |