22nd State Bank, A Division of 22nd State Banking Company
60 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 60
- Total approved
- $81.8M
- Median loan
- $995K
- Middle half of loans
- $511K to $1.6M
- Median starting rate
- 11.25%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 43 industries and 25 states and territories. The largest industry by count was Residential Remodelers (5 of 60 approvals). Florida had the highest count among recorded project locations (10).
The median approved loan was $995K versus $707K across the index for FY2024–FY2026. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Residential Remodelers | 5 | 8% | $999K | $6.9M |
| 2 | All Other Specialty Trade Contractors | 4 | 7% | $1.1M | $4.9M |
| 3 | Full-Service Restaurants | 3 | 5% | $1.6M | $4.9M |
| 4 | Janitorial Services | 3 | 5% | $772K | $4.0M |
| 5 | Limited-Service Restaurants | 3 | 5% | $992K | $2.5M |
| 6 | All Other Professional, Scientific, and Technical Services | 2 | 3% | $1.2M | $2.3M |
| 7 | Landscaping Services | 2 | 3% | $892K | $1.8M |
| 8 | Child Care Services | 2 | 3% | $450K | $901K |
| 9 | Snack and Nonalcoholic Beverage Bars | 2 | 3% | $286K | $572K |
| 10 | All Other Miscellaneous Wood Product Manufacturing | 1 | 2% | $5.0M | $5.0M |
| 11 | New Multifamily Housing Construction (except For-Sale Builders) | 1 | 2% | $5.0M | $5.0M |
| 12 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | 2% | $5.0M | $5.0M |
| 13 | Masonry Contractors | 1 | 2% | $4.7M | $4.7M |
| 14 | Finish Carpentry Contractors | 1 | 2% | $3.0M | $3.0M |
| 15 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | 2% | $3.0M | $3.0M |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Florida | 10 | 17% | $916K | $10.4M |
| 2 | Colorado | 8 | 13% | $1.4M | $17.1M |
| 3 | Arizona | 5 | 8% | $555K | $5.2M |
| 4 | California | 4 | 7% | $511K | $3.3M |
| 5 | Pennsylvania | 4 | 7% | $430K | $2.3M |
| 6 | Wisconsin | 3 | 5% | $706K | $2.4M |
| 7 | Washington | 2 | 3% | $3.1M | $6.3M |
| 8 | Virginia | 2 | 3% | $2.2M | $4.3M |
| 9 | Hawaii | 2 | 3% | $1.9M | $3.8M |
| 10 | Alabama | 2 | 3% | $1.5M | $3.1M |
| 11 | Georgia | 2 | 3% | $1.2M | $2.4M |
| 12 | Maine | 2 | 3% | $1.2M | $2.3M |
| 13 | Texas | 2 | 3% | $905K | $1.8M |
| 14 | North Carolina | 1 | 2% | $4.7M | $4.7M |
| 15 | Minnesota | 1 | 2% | $3.0M | $3.0M |