American Momentum Bank: SBA business acquisition lending record
American Momentum Bank (home state TX) approved 133 SBA 7(a) loans to buy existing businesses since FY2018, totaling $156M. The median loan was $887,000. It ranks number 76 of 280 lenders by count and made 0.3% of all SBA acquisition loans nationally.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $489,000 and $1,589,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (27% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Child Care Services is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 248 SBA 7(a) loans of any purpose since FY2020, totaling $269M. 92% 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: 6.1% charged off, 72% higher than the 3.5% national average.
American Momentum Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 8 | $6.9M | $599,000 | |
| FY2019 | 14 | $13.1M | $773,400 | |
| FY2020 | 5 | $11.7M | $926,400 | |
| FY2021 | 6 | $8.9M | $595,000 | |
| FY2022 | 6 | $4.8M | $557,250 | |
| FY2023 | 23 | $27.6M | $1,072,500 | |
| FY2024 | 25 | $24.7M | $887,000 | |
| FY2025 | 30 | $37.5M | $595,250 | |
| FY2026 | 16 | $21M | $1,005,000 |
How often do these acquisition loans fail?
Of the 33 American Momentum Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 6.1% by loan count and 4.3% by dollars. 17 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so American Momentum Bank is 72% 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 36 | 27.1% | $39.1M | |
| 2 | Texas | 31 | 23.3% | $40.9M | |
| 3 | Arizona | 11 | 8.3% | $10M | |
| 4 | North Carolina | 7 | 5.3% | $8.5M | |
| 5 | Georgia | 5 | 3.8% | $6.5M | |
| 6 | Kentucky | 3 | 2.3% | $3.4M | |
| 7 | Colorado | 3 | 2.3% | $3.1M | |
| 8 | California | 3 | 2.3% | $2.8M | |
| 9 | Missouri | 3 | 2.3% | $1.7M | |
| 10 | New Mexico | 2 | 1.5% | $5.1M | |
| 11 | Utah | 2 | 1.5% | $3.7M | |
| 12 | Ohio | 2 | 1.5% | $3.2M | |
| 13 | Michigan | 2 | 1.5% | $2.6M | |
| 14 | Virginia | 2 | 1.5% | $2.2M | |
| 15 | Maryland | 2 | 1.5% | $2M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Child Care Services | 9 | 6.8% | $13M | |
| 2 | Full-Service Restaurants | 8 | 6.0% | $9.2M | |
| 3 | General Automotive Repair | 8 | 6.0% | $9.1M | |
| 4 | All Other Specialty Trade Contractors | 5 | 3.8% | $5.1M | |
| 5 | Gift, Novelty, and Souvenir Retailers | 4 | 3.0% | $3.7M | |
| 6 | Sporting Goods Retailers | 4 | 3.0% | $2.9M | |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | 3.0% | $2.6M | |
| 8 | Fabricated Structural Metal Manufacturing | 3 | 2.3% | $5.1M | |
| 9 | Support Activities for Oil and Gas Operations | 3 | 2.3% | $3.9M | |
| 10 | All Other Personal Services | 3 | 2.3% | $3.5M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Learning Experience | 2 | 1.5% | $2.6M | |
| 2 | Play It Again Sports | 2 | 1.5% | $871K | |
| 3 | Hampton Inn | 1 | 0.8% | $4M | |
| 4 | Minuteman Press | 1 | 0.8% | $1.2M | |
| 5 | The UPS Store | 1 | 0.8% | $880K | |
| 6 | Image360 | 1 | 0.8% | $553K | |
| 7 | LINE-X | 1 | 0.8% | $398K | |
| 8 | Screenmobile | 1 | 0.8% | $397K |
Questions buyers ask
Does American Momentum Bank make SBA acquisition loans?
Yes. American Momentum Bank approved 133 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 76 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 Momentum Bank's acquisition loans?
The median was $887,000, with the middle half between $489,000 and $1,589,000. The national median is $645,250, so this lender's typical loan is 37% higher than the national figure.
Which states does American Momentum Bank lend in?
Florida (36), Texas (31), Arizona (11), North Carolina (7), Georgia (5), Kentucky (3). Its loans span at least 15 states.
Which industries does American Momentum Bank finance?
Child Care Services (9), Full-Service Restaurants (8), General Automotive Repair (8), All Other Specialty Trade Contractors (5), Gift, Novelty, and Souvenir Retailers (4). The top industry is 7% of its acquisition loans.
How have American Momentum Bank's acquisition loans performed?
Of 33 loans approved FY2018 to FY2021: 6.1% charged off, 72% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Florida acquisitions
- Texas acquisitions
- Arizona acquisitions
- Child Care Services
- Full-Service Restaurants
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by American Momentum Bank.