American Continental Bank: SBA business acquisition lending record
American Continental Bank (home state CA) approved 122 SBA 7(a) loans to buy existing businesses since FY2018, totaling $107M. The median loan was $551,500. It ranks number 83 of 280 lenders by count and made 0.2% 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 $301,250 and $1,050,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (82% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Beer, Wine, and Liquor Retailers is 41% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 274 SBA 7(a) loans of any purpose since FY2020, totaling $291M. 99% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 11% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2020: 4.5% charged off, 29% higher than the 3.5% national average.
American Continental Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 15 | $16M | $540,000 | |
| FY2019 | 6 | $5.6M | $795,000 | |
| FY2020 | 1 | $225K | $225,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 10 | $7.9M | $732,500 | |
| FY2023 | 23 | $24.8M | $573,000 | |
| FY2024 | 15 | $6.6M | $300,000 | |
| FY2025 | 22 | $13.5M | $521,000 | |
| FY2026 | 30 | $32.7M | $788,500 |
How often do these acquisition loans fail?
Of the 22 American Continental Bank acquisition loans approved from FY2018 to FY2020 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 4.5% by loan count and 0.4% by dollars. 14 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the FY2018 to FY2021 cohort is 3.5%, so American Continental Bank is 29% higher than the acquisition-loan average. 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 | California | 100 | 82.0% | $80.4M | |
| 2 | Texas | 16 | 13.1% | $23.6M | |
| 3 | Washington | 6 | 4.9% | $3.3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 50 | 41.0% | $33.4M | |
| 2 | Full-Service Restaurants | 16 | 13.1% | $12.7M | |
| 3 | Convenience Retailers | 13 | 10.7% | $9.5M | |
| 4 | Gasoline Stations with Convenience Stores | 11 | 9.0% | $25.1M | |
| 5 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 8 | 6.6% | $3.7M | |
| 6 | Hotels (except Casino Hotels) and Motels | 5 | 4.1% | $12.3M | |
| 7 | Coin-Operated Laundries and Drycleaners | 4 | 3.3% | $1.9M | |
| 8 | Limited-Service Restaurants | 3 | 2.5% | $1.1M | |
| 9 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | 1.6% | $2.1M | |
| 10 | Private Mail Centers | 2 | 1.6% | $364K |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Circle K | 3 | 2.5% | $1.9M | |
| 2 | AM/PM Mini-Mart | 1 | 0.8% | $4.8M | |
| 3 | AM/PM Mini-Mart Agreement | 1 | 0.8% | $4.5M | |
| 4 | Holiday Inn Express | 1 | 0.8% | $4.4M | |
| 5 | Valley Pacific Petroleum Services | 1 | 0.8% | $2.6M | |
| 6 | Boyett Petroleum | 1 | 0.8% | $2.5M | |
| 7 | Days Inn | 1 | 0.8% | $1.9M | |
| 8 | Empire Petroleum Partners | 1 | 0.8% | $1.1M | |
| 9 | Arco (BP) | 1 | 0.8% | $500K | |
| 10 | PostalAnnex+ | 1 | 0.8% | $229K |
Questions buyers ask
Does American Continental Bank make SBA acquisition loans?
Yes. American Continental Bank approved 122 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 83 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 Continental Bank's acquisition loans?
The median was $551,500, with the middle half between $301,250 and $1,050,750. The national median is $645,250, so this lender's typical loan is 15% lower than the national figure.
Which states does American Continental Bank lend in?
California (100), Texas (16), Washington (6). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does American Continental Bank finance?
Beer, Wine, and Liquor Retailers (50), Full-Service Restaurants (16), Convenience Retailers (13), Gasoline Stations with Convenience Stores (11), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (8). The top industry is 41% of its acquisition loans.
How have American Continental Bank's acquisition loans performed?
Of 22 loans approved FY2018 to FY2020: 4.5% charged off, 29% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- California acquisitions
- Texas acquisitions
- Washington acquisitions
- Beer, Wine, and Liquor Retailers
- Full-Service Restaurants
- Convenience Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by American Continental Bank.