American Bank of Freedom: SBA business acquisition lending record
American Bank of Freedom (home state MO) approved 62 SBA 7(a) loans to buy existing businesses since FY2018, totaling $66.7M. The median loan was $716,300. It ranks number 142 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 $369,250 and $1,548,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Missouri is the largest state (77% of loans). Loans appear in only 5 states, which points to a regional lender.
- Industry concentration. General Automotive Repair is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 80 SBA 7(a) loans of any purpose since FY2020, totaling $75.9M. 95% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
American Bank of Freedom acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $5.4M | $292,000 | |
| FY2019 | 17 | $20.8M | $640,000 | |
| FY2020 | 7 | $7.5M | $770,000 | |
| FY2021 | 13 | $18.2M | $1,092,000 | |
| FY2022 | 5 | $4.8M | $742,000 | |
| FY2023 | 6 | $3.5M | $315,000 | |
| FY2024 | 5 | $4M | $505,000 | |
| FY2025 | 3 | $1.6M | $540,000 | |
| FY2026 | 1 | $1.1M | $1,050,000 |
How often do these acquisition loans fail?
Of the 42 American Bank of Freedom acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 30 have already been paid in full.
For comparison, American Bank of Freedom has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | General Automotive Repair | 5 | 8.1% | $4M | |
| 2 | Full-Service Restaurants | 5 | 8.1% | $2.9M | |
| 3 | Car Washes | 4 | 6.5% | $11.9M | |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 4.8% | $3.4M | |
| 5 | Limited-Service Restaurants | 3 | 4.8% | $2.3M | |
| 6 | Site Preparation Contractors | 2 | 3.2% | $4.6M | |
| 7 | Other Personal and Household Goods Repair and Maintenance | 2 | 3.2% | $1.2M | |
| 8 | Janitorial Services | 2 | 3.2% | $781K | |
| 9 | Beauty Salons | 2 | 3.2% | $538K |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Imo's Pizza | 1 | 1.6% | $1.3M | |
| 2 | Firehouse Subs | 1 | 1.6% | $770K | |
| 3 | The Medicine Shoppe | 1 | 1.6% | $428K | |
| 4 | Massage Envy | 1 | 1.6% | $363K |
Questions buyers ask
Does American Bank of Freedom make SBA acquisition loans?
Yes. American Bank of Freedom approved 62 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 142 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 American Bank of Freedom's acquisition loans?
The median was $716,300, with the middle half between $369,250 and $1,548,000. The national median is $645,250, so this lender's typical loan is 11% higher than the national figure.
Which states does American Bank of Freedom lend in?
Missouri (48), Illinois (7), Indiana (5), Kansas (1), Colorado (1). Its loans appear in 5 states, so it is closer to a regional lender.
Which industries does American Bank of Freedom finance?
General Automotive Repair (5), Full-Service Restaurants (5), Car Washes (4), Plumbing, Heating, and Air-Conditioning Contractors (3), Limited-Service Restaurants (3). The top industry is 8% of its acquisition loans.
How have American Bank of Freedom's acquisition loans performed?
Of 42 loans approved FY2018 to FY2021: none charged off, against the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Missouri acquisitions
- Illinois acquisitions
- Indiana acquisitions
- General Automotive Repair
- Full-Service Restaurants
- Car Washes
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by American Bank of Freedom.