Accordia Bank: SBA business acquisition lending record
Accordia Bank (home state UT) approved 33 SBA 7(a) loans to buy existing businesses since FY2018, totaling $31.3M. The median loan was $603,000. It ranks number 232 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $349,000 and $1,000,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Utah is the largest state (67% of loans). Loans appear in only 8 states, which points to a regional lender.
- Industry concentration. Gasoline Stations with Convenience Stores is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 145 SBA 7(a) loans of any purpose since FY2020, totaling $104M. 82% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 12% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
Accordia Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 3 | $2.2M | $349,000 | |
| FY2023 | 4 | $2.2M | $424,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 12 | $16.6M | $792,250 | |
| FY2026 | 14 | $10.3M | $583,000 |
How often do these acquisition loans fail?
Fewer than 20 Accordia Bank acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Utah | 22 | 66.7% | $16.2M | |
| 2 | Arizona | 4 | 12.1% | $4.9M | |
| 3 | Florida | 2 | 6.1% | $1.6M | |
| 4 | Texas | 1 | 3.0% | $4.6M | |
| 5 | Colorado | 1 | 3.0% | $2.2M | |
| 6 | Michigan | 1 | 3.0% | $887K | |
| 7 | Connecticut | 1 | 3.0% | $520K | |
| 8 | Washington | 1 | 3.0% | $425K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 3 | 9.1% | $3.2M | |
| 2 | Other Personal Care Services | 2 | 6.1% | $1.9M | |
| 3 | All Other Specialty Trade Contractors | 2 | 6.1% | $1.5M | |
| 4 | Used Car Dealers | 1 | 3.0% | $4.6M | |
| 5 | Electrical Contractors and Other Wiring Installation Contractors | 1 | 3.0% | $3.7M | |
| 6 | Sporting Goods Retailers | 1 | 3.0% | $2.2M | |
| 7 | Snack and Nonalcoholic Beverage Bars | 1 | 3.0% | $1.7M | |
| 8 | Residential Property Managers | 1 | 3.0% | $1.4M | |
| 9 | Computer Systems Design Services | 1 | 3.0% | $1.3M | |
| 10 | Offices of All Other Miscellaneous Health Practitioners | 1 | 3.0% | $917K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Crumbl | 1 | 3.0% | $1.7M |
Questions buyers ask
Does Accordia Bank make SBA acquisition loans?
Yes. Accordia Bank approved 33 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 232 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Accordia Bank's acquisition loans?
The median was $603,000, with the middle half between $349,000 and $1,000,000. The national median is $645,250, so this lender's typical loan is 7% lower than the national figure.
Which states does Accordia Bank lend in?
Utah (22), Arizona (4), Florida (2), Texas (1), Colorado (1), Michigan (1). Its loans appear in 8 states, so it is closer to a regional lender.
Which industries does Accordia Bank finance?
Gasoline Stations with Convenience Stores (3), Other Personal Care Services (2), All Other Specialty Trade Contractors (2), Used Car Dealers (1), Electrical Contractors and Other Wiring Installation Contractors (1). The top industry is 9% of its acquisition loans.
How have Accordia Bank's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Utah acquisitions
- Arizona acquisitions
- Florida acquisitions
- Gasoline Stations with Convenience Stores
- Other Personal Care Services
- All Other Specialty Trade Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Accordia Bank.