Acquisition Lender Index

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Bell Bank

32 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.

SBA 7(a) change-of-ownership approvals · FY2024–FY2026 · Data through September 30, 2026

Acquisitions financed
32
Total approved
$38.6M
Median loan
$605K
Middle half of loans
$250K to $1.6M
Median starting rate
9.25%
Median term
10 yrs

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Where the approvals cluster

The SBA file shows approvals across 29 industries and 6 states and territories. The largest industry by count was Furniture Retailers (2 of 32 approvals). Minnesota had the highest count among recorded project locations (18).

The median approved loan was $605K versus $707K across the index for FY2024–FY2026. Differences can reflect which industries, markets and deal sizes the lender serves.

Industries by approval count

#IndustryLoansShareMedian loanTotal approved
1 Furniture Retailers 26%$988K$2.0M
2 Wood Kitchen Cabinet and Countertop Manufacturing 26%$487K$973K
3 Fitness and Recreational Sports Centers 26%$196K$393K
4 Hardware Merchant Wholesalers 13%$5.0M$5.0M
5 Plumbing, Heating, and Air-Conditioning Contractors 13%$4.5M$4.5M
6 Gasoline Stations with Convenience Stores 13%$3.8M$3.8M
7 Upholstered Household Furniture Manufacturing 13%$3.5M$3.5M
8 Custom Computer Programming Services 13%$3.3M$3.3M
9 Home Furnishing Merchant Wholesalers 13%$3.2M$3.2M
10 Computer Systems Design Services 13%$1.8M$1.8M
11 Fabricated Structural Metal Manufacturing 13%$1.7M$1.7M
12 Other Commercial and Industrial Machinery and Equipment Rental and Leasing 13%$1.2M$1.2M
13 Insurance Agencies and Brokerages 13%$1.0M$1.0M
14 Beauty Salons 13%$817K$817K
15 Other Accounting Services 13%$816K$816K

Project locations

#StateLoansShareMedian loanTotal approved
1 Minnesota 1856%$337K$15.3M
2 Arizona 825%$2.2M$17.8M
3 North Dakota 39%$766K$2.0M
4 Colorado 13%$1.8M$1.8M
5 Iowa 13%$1.5M$1.5M
6 Wisconsin 13%$206K$206K

Deals by SBA fiscal year

FY20181 loans, $1.3M
FY20192 loans, $750K
FY20201 loans, $1.6M
FY202210 loans, $17.3M
FY202319 loans, $18.2M
FY202412 loans, $8.8M
FY20258 loans, $11.0M
FY202612 loans, $18.8M