Veterinary Services: SBA acquisition lenders
50 SBA 7(a) loans financed acquisitions classified as Veterinary Services nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 50
- Total approved
- $66.6M
- Median loan
- $1.1M
- Middle half of loans
- $478K to $1.9M
- Median starting rate
- 8.25%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 15 | 30% | $1.0M | $20.2M |
| 2 | Fifth Third Bank | 5 | 10% | $1.9M | $7.5M |
| 3 | Seacoast National Bank | 4 | 8% | $906K | $5.0M |
| 4 | The Huntington National Bank | 3 | 6% | $407K | $2.5M |
| 5 | Lake Ridge Bank | 2 | 4% | $832K | $1.7M |
| 6 | Andover State Bank | 2 | 4% | $282K | $564K |
| 7 | Horizon Bank | 2 | 4% | $241K | $482K |
| 8 | First Internet Bank of Indiana | 1 | 2% | $5.0M | $5.0M |
| 9 | Port 51 Lending LLC | 1 | 2% | $3.5M | $3.5M |
| 10 | Merchants Bank of Indiana | 1 | 2% | $2.6M | $2.6M |
| 11 | Pinnacle Bank | 1 | 2% | $2.2M | $2.2M |
| 12 | Banc of California | 1 | 2% | $1.9M | $1.9M |
| 13 | American Momentum Bank | 1 | 2% | $1.9M | $1.9M |
| 14 | Cogent Bank | 1 | 2% | $1.8M | $1.8M |
| 15 | First National Bank of Pennsylvania | 1 | 2% | $1.7M | $1.7M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Florida | 7 | $1.4M | $10.1M |
| California | 4 | $593K | $5.1M |
| Louisiana | 3 | $2.0M | $5.2M |
| Texas | 3 | $2.2M | $4.9M |
| Virginia | 3 | $1.6M | $3.4M |
| Georgia | 3 | $170K | $2.1M |
| New York | 2 | $3.1M | $6.3M |
| Colorado | 2 | $1.2M | $2.4M |
| Wisconsin | 2 | $832K | $1.7M |
| Kansas | 2 | $282K | $564K |
| Michigan | 2 | $241K | $482K |
| Alabama | 2 | $228K | $457K |
| Nevada | 1 | $5.0M | $5.0M |
| Delaware | 1 | $2.8M | $2.8M |
| Maryland | 1 | $2.6M | $2.6M |
| Indiana | 1 | $2.1M | $2.1M |
| Arizona | 1 | $1.4M | $1.4M |
| New Mexico | 1 | $1.3M | $1.3M |
| Missouri | 1 | $1.2M | $1.2M |
| South Dakota | 1 | $1.2M | $1.2M |
| New Hampshire | 1 | $1.1M | $1.1M |
| Kentucky | 1 | $1.0M | $1.0M |
| New Jersey | 1 | $1.0M | $1.0M |
| Montana | 1 | $875K | $875K |
| Mississippi | 1 | $821K | $821K |
| Illinois | 1 | $805K | $805K |
| Puerto Rico | 1 | $738K | $738K |