Acquisition Lender Index

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Pathward National Association

257 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
257
Total approved
$526.1M
Median loan
$1.5M
Middle half of loans
$541K to $3.5M
Median starting rate
9.50%
Median term
10 yrs

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Where the approvals cluster

The SBA file shows approvals across 116 industries and 40 states and territories. The largest industry by count was Roofing Contractors (10 of 257 approvals). Florida had the highest count among recorded project locations (39).

The median approved loan was $1.5M versus $707K across the index for FY2024–FY2026. Differences can reflect which industries, markets and deal sizes the lender serves.

Which loan sizes show up most?

Ranked No. 9 by recorded approvals among lender names in the index for FY2024–FY2026. Florida accounted for 15.2% of its approvals by project location. Roofing Contractors accounted for 3.9% by industry.

Gross approved amountApprovalsShare hereShare nationally
Under $500K5019.5%38.6%
$500K to under $1M5220.2%22.8%
$1M to under $2M4718.3%19.5%
$2M and up10842.0%19.1%

The starting rate uses 257 of 257 records with a reported rate. The term uses 257 of 257 records with a reported term. These are historical approvals and do not describe current quotes or eligibility.

Industries by approval count

#IndustryLoansShareMedian loanTotal approved
1 Roofing Contractors 104%$2.4M$24.6M
2 Insurance Agencies and Brokerages 94%$1.8M$17.1M
3 All Other Specialty Trade Contractors 83%$4.0M$24.7M
4 Full-Service Restaurants 73%$2.5M$16.6M
5 Plumbing, Heating, and Air-Conditioning Contractors 73%$1.5M$11.5M
6 Advertising Agencies 62%$3.4M$15.5M
7 Fitness and Recreational Sports Centers 62%$1.9M$10.6M
8 Tax Preparation Services 52%$3.4M$14.5M
9 Custom Computer Programming Services 52%$2.9M$13.3M
10 Computer Systems Design Services 52%$2.1M$11.0M
11 Landscaping Services 52%$1.1M$5.5M
12 Commercial and Institutional Building Construction 42%$3.8M$12.6M
13 Employment Placement Agencies 42%$3.1M$11.4M
14 Drywall and Insulation Contractors 42%$2.7M$10.4M
15 Electrical Contractors and Other Wiring Installation Contractors 42%$1.5M$8.5M

Project locations

#StateLoansShareMedian loanTotal approved
1 Florida 3915%$1.2M$73.6M
2 California 2711%$2.8M$73.1M
3 Texas 218%$1.1M$41.0M
4 New York 166%$1.7M$29.5M
5 Ohio 125%$1.5M$23.8M
6 Illinois 114%$1.4M$23.1M
7 Georgia 104%$3.0M$28.6M
8 North Carolina 94%$2.9M$21.2M
9 Virginia 83%$1.5M$19.0M
10 Pennsylvania 83%$2.3M$17.6M
11 New Jersey 73%$1.7M$14.2M
12 Missouri 73%$1.6M$13.1M
13 Nevada 73%$1.4M$12.5M
14 South Carolina 73%$512K$3.2M
15 Maryland 62%$895K$11.2M

Deals by SBA fiscal year

FY201919 loans, $15.1M
FY202041 loans, $57.3M
FY20217 loans, $6.8M
FY202212 loans, $6.5M
FY202321 loans, $29.1M
FY202458 loans, $84.0M
FY202561 loans, $141.0M
FY2026138 loans, $301.0M