Associated Bank National Association: SBA business acquisition lending record
Associated Bank National Association (home state WI) approved 129 SBA 7(a) loans to buy existing businesses since FY2018, totaling $150M. The median loan was $699,000. It ranks number 80 of 280 lenders by count and made 0.3% 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 $293,900 and $1,584,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Minnesota is the largest state (25% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Home Health Care Services is 33% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 464 SBA 7(a) loans of any purpose since FY2020, totaling $286M. 83% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 40% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 3.0% charged off, 14% lower than the 3.5% national average.
Associated Bank National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.2M | $584,000 | |
| FY2019 | 10 | $7M | $542,750 | |
| FY2020 | 7 | $4.3M | $326,200 | |
| FY2021 | 14 | $14.8M | $1,058,100 | |
| FY2022 | 14 | $18.8M | $1,128,750 | |
| FY2023 | 10 | $15.1M | $1,467,000 | |
| FY2024 | 11 | $12.4M | $822,500 | |
| FY2025 | 29 | $24M | $293,900 | |
| FY2026 | 32 | $52.9M | $992,500 |
How often do these acquisition loans fail?
Of the 33 Associated Bank National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 3.0% by loan count and 1.9% by dollars. 19 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 Associated Bank National Association is 14% lower 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 | Minnesota | 32 | 24.8% | $35M | |
| 2 | Wisconsin | 30 | 23.3% | $36.9M | |
| 3 | Nebraska | 17 | 13.2% | $14.3M | |
| 4 | Texas | 7 | 5.4% | $9M | |
| 5 | Iowa | 5 | 3.9% | $3.2M | |
| 6 | California | 4 | 3.1% | $6.7M | |
| 7 | Colorado | 4 | 3.1% | $6M | |
| 8 | Massachusetts | 4 | 3.1% | $2.6M | |
| 9 | Arizona | 3 | 2.3% | $5.5M | |
| 10 | Illinois | 3 | 2.3% | $5M | |
| 11 | New Jersey | 3 | 2.3% | $3.8M | |
| 12 | North Dakota | 2 | 1.6% | $3.6M | |
| 13 | Utah | 2 | 1.6% | $1.5M | |
| 14 | South Carolina | 2 | 1.6% | $765K | |
| 15 | Ohio | 1 | 0.8% | $4.3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Health Care Services | 43 | 33.3% | $46.1M | |
| 2 | Landscaping Services | 5 | 3.9% | $4.4M | |
| 3 | Pet Care (except Veterinary) Services | 4 | 3.1% | $6.1M | |
| 4 | Gasoline Stations with Convenience Stores | 4 | 3.1% | $4M | |
| 5 | Limited-Service Restaurants | 4 | 3.1% | $4M | |
| 6 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 3 | 2.3% | $4.7M | |
| 7 | Wood Container and Pallet Manufacturing | 3 | 2.3% | $4.5M | |
| 8 | Floor Covering Retailers | 3 | 2.3% | $1.2M | |
| 9 | Drinking Places (Alcoholic Beverages) | 3 | 2.3% | $978K | |
| 10 | Offices of Chiropractors | 3 | 2.3% | $741K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Instead | 29 | 22.5% | $24.1M | |
| 2 | Visiting Angels | 4 | 3.1% | $6.6M | |
| 3 | BrightStar Care | 4 | 3.1% | $6.3M | |
| 4 | Right at Home | 3 | 2.3% | $2.4M | |
| 5 | Camp Bow Wow | 2 | 1.6% | $3.4M | |
| 6 | Homewatch CareGivers | 2 | 1.6% | $1.6M | |
| 7 | Interim HealthCare | 1 | 0.8% | $3.5M | |
| 8 | Home Helpers Home Care | 1 | 0.8% | $3.4M | |
| 9 | Senior Helpers | 1 | 0.8% | $2.5M | |
| 10 | World Fuel Services | 1 | 0.8% | $696K |
Questions buyers ask
Does Associated Bank National Association make SBA acquisition loans?
Yes. Associated Bank National Association approved 129 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 80 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 Associated Bank National Association's acquisition loans?
The median was $699,000, with the middle half between $293,900 and $1,584,000. The national median is $645,250, so this lender's typical loan is 8% higher than the national figure.
Which states does Associated Bank National Association lend in?
Minnesota (32), Wisconsin (30), Nebraska (17), Texas (7), Iowa (5), California (4). Its loans span at least 15 states.
Which industries does Associated Bank National Association finance?
Home Health Care Services (43), Landscaping Services (5), Pet Care (except Veterinary) Services (4), Gasoline Stations with Convenience Stores (4), Limited-Service Restaurants (4). The top industry is 33% of its acquisition loans.
How have Associated Bank National Association's acquisition loans performed?
Of 33 loans approved FY2018 to FY2021: 3.0% charged off, 14% lower 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
- Minnesota acquisitions
- Wisconsin acquisitions
- Nebraska acquisitions
- Home Health Care Services
- Landscaping Services
- Pet Care (except Veterinary) Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Associated Bank National Association.