Banesco USA: SBA business acquisition lending record
Banesco USA (home state FL) approved 102 SBA 7(a) loans to buy existing businesses since FY2018, totaling $105M. The median loan was $634,500. It ranks number 96 of 280 lenders by count and made 0.2% 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 $402,075 and $1,165,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (33% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Child Care Services is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 352 SBA 7(a) loans of any purpose since FY2020, totaling $292M. 91% 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. Too few of its loans are old enough to measure a charge-off rate.
Banesco USA acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $431K | $431,000 | |
| FY2019 | 8 | $4.7M | $622,500 | |
| FY2020 | 3 | $3.2M | $1,250,000 | |
| FY2021 | 7 | $13.1M | $715,400 | |
| FY2022 | 7 | $10.7M | $650,000 | |
| FY2023 | 12 | $12.6M | $652,500 | |
| FY2024 | 28 | $22.2M | $500,000 | |
| FY2025 | 21 | $17.3M | $499,000 | |
| FY2026 | 15 | $20.5M | $939,700 |
How often do these acquisition loans fail?
Fewer than 20 Banesco USA 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 34 | 33.3% | $39.1M | |
| 2 | California | 11 | 10.8% | $14.5M | |
| 3 | New Jersey | 7 | 6.9% | $3.7M | |
| 4 | North Carolina | 5 | 4.9% | $6.4M | |
| 5 | Texas | 5 | 4.9% | $3.4M | |
| 6 | Utah | 3 | 2.9% | $3M | |
| 7 | Virginia | 3 | 2.9% | $2M | |
| 8 | Wisconsin | 3 | 2.9% | $1.7M | |
| 9 | Maryland | 3 | 2.9% | $1.6M | |
| 10 | Pennsylvania | 3 | 2.9% | $1.5M | |
| 11 | Oregon | 3 | 2.9% | $1.3M | |
| 12 | Washington | 3 | 2.9% | $1.3M | |
| 13 | Georgia | 2 | 2.0% | $4.6M | |
| 14 | Idaho | 2 | 2.0% | $3.1M | |
| 15 | Colorado | 2 | 2.0% | $2.4M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Child Care Services | 9 | 8.8% | $12.5M | |
| 2 | All Other Specialty Trade Contractors | 4 | 3.9% | $3.8M | |
| 3 | Offices of Chiropractors | 4 | 3.9% | $1.6M | |
| 4 | Lessors of Miniwarehouses and Self-Storage Units | 3 | 2.9% | $11.1M | |
| 5 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | 2.9% | $5.9M | |
| 6 | Full-Service Restaurants | 3 | 2.9% | $3.6M | |
| 7 | Other Miscellaneous Durable Goods Merchant Wholesalers | 3 | 2.9% | $2.9M | |
| 8 | General Automotive Repair | 3 | 2.9% | $2.5M |
That draft favors the seller. We review it for the buyer, line by line.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | AAMCO Transmissions and Total Car Care | 1 | 1.0% | $1.6M | |
| 2 | Hand and Stone Massage and Facial Spa | 1 | 1.0% | $431K | |
| 3 | Budget Blinds | 1 | 1.0% | $400K | |
| 4 | Mathnasium | 1 | 1.0% | $361K | |
| 5 | Jet's Pizza | 1 | 1.0% | $230K |
Questions buyers ask
Does Banesco USA make SBA acquisition loans?
Yes. Banesco USA approved 102 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 96 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 Banesco USA's acquisition loans?
The median was $634,500, with the middle half between $402,075 and $1,165,250. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does Banesco USA lend in?
Florida (34), California (11), New Jersey (7), North Carolina (5), Texas (5), Utah (3). Its loans span at least 15 states.
Which industries does Banesco USA finance?
Child Care Services (9), All Other Specialty Trade Contractors (4), Offices of Chiropractors (4), Lessors of Miniwarehouses and Self-Storage Units (3), Automotive Body, Paint, and Interior Repair and Maintenance (3). The top industry is 9% of its acquisition loans.
How have Banesco USA'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.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Florida acquisitions
- California acquisitions
- New Jersey acquisitions
- Child Care Services
- All Other Specialty Trade Contractors
- Offices of Chiropractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Banesco USA.