Bank Five Nine: SBA business acquisition lending record
Bank Five Nine (home state WI) approved 111 SBA 7(a) loans to buy existing businesses since FY2018, totaling $122M. The median loan was $800,000. It ranks number 89 of 280 lenders by count and made 0.2% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $419,250 and $1,616,350. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Wisconsin is the largest state (23% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Lessors of Miniwarehouses and Self-Storage Units is 46% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 671 SBA 7(a) loans of any purpose since FY2020, totaling $536M. 86% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 20% 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.
Bank Five Nine acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $10.4M | $947,500 | |
| FY2019 | 5 | $6.5M | $942,400 | |
| FY2020 | 6 | $5.8M | $644,000 | |
| FY2021 | 22 | $25.4M | $905,000 | |
| FY2022 | 17 | $11.8M | $500,000 | |
| FY2023 | 12 | $13.5M | $938,750 | |
| FY2024 | 12 | $16.5M | $1,116,000 | |
| FY2025 | 21 | $29.6M | $1,147,500 | |
| FY2026 | 9 | $2.6M | $250,000 |
How often do these acquisition loans fail?
Of the 40 Bank Five Nine 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. 29 have already been paid in full.
For comparison, Bank Five Nine 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
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Wisconsin | 26 | 23.4% | $25.8M | |
| 2 | Texas | 16 | 14.4% | $23.2M | |
| 3 | Florida | 6 | 5.4% | $6.5M | |
| 4 | North Carolina | 6 | 5.4% | $5.2M | |
| 5 | California | 5 | 4.5% | $5.6M | |
| 6 | Ohio | 4 | 3.6% | $5M | |
| 7 | Indiana | 4 | 3.6% | $4.7M | |
| 8 | Illinois | 4 | 3.6% | $3.4M | |
| 9 | Michigan | 4 | 3.6% | $3.2M | |
| 10 | Missouri | 4 | 3.6% | $1.4M | |
| 11 | Kansas | 3 | 2.7% | $3.3M | |
| 12 | Alabama | 3 | 2.7% | $1.4M | |
| 13 | South Carolina | 2 | 1.8% | $4.7M | |
| 14 | Mississippi | 2 | 1.8% | $4.1M | |
| 15 | Georgia | 2 | 1.8% | $3.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Lessors of Miniwarehouses and Self-Storage Units | 51 | 45.9% | $62.9M | |
| 2 | Assisted Living Facilities for the Elderly | 12 | 10.8% | $11.7M | |
| 3 | Gasoline Stations with Convenience Stores | 5 | 4.5% | $6.5M | |
| 4 | Limited-Service Restaurants | 5 | 4.5% | $2.3M | |
| 5 | Child Care Services | 3 | 2.7% | $4M | |
| 6 | Drinking Places (Alcoholic Beverages) | 3 | 2.7% | $907K | |
| 7 | RV (Recreational Vehicle) Parks and Campgrounds | 2 | 1.8% | $5M | |
| 8 | Bowling Centers | 2 | 1.8% | $3.2M | |
| 9 | Full-Service Restaurants | 2 | 1.8% | $2.8M | |
| 10 | Home Health Care Services | 2 | 1.8% | $2.3M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | U.S. Oil (Mobil) | 3 | 2.7% | $4.7M | |
| 2 | Culver's | 3 | 2.7% | $970K | |
| 3 | The Goddard School | 1 | 0.9% | $1.8M | |
| 4 | UNITS | 1 | 0.9% | $1.6M | |
| 5 | World Fuel Services | 1 | 0.9% | $1M | |
| 6 | Subway | 1 | 0.9% | $948K | |
| 7 | Kids 'R' Kids | 1 | 0.9% | $500K | |
| 8 | Once Upon A Child | 1 | 0.9% | $490K | |
| 9 | Kiddie Academy | 1 | 0.9% | $350K | |
| 10 | Orange Theory Fitness | 1 | 0.9% | $263K |
Questions buyers ask
Does Bank Five Nine make SBA acquisition loans?
Yes. Bank Five Nine approved 111 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 89 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 Bank Five Nine's acquisition loans?
The median was $800,000, with the middle half between $419,250 and $1,616,350. The national median is $645,250, so this lender's typical loan is 24% higher than the national figure.
Which states does Bank Five Nine lend in?
Wisconsin (26), Texas (16), Florida (6), North Carolina (6), California (5), Ohio (4). Its loans span at least 15 states.
Which industries does Bank Five Nine finance?
Lessors of Miniwarehouses and Self-Storage Units (51), Assisted Living Facilities for the Elderly (12), Gasoline Stations with Convenience Stores (5), Limited-Service Restaurants (5), Child Care Services (3). The top industry is 46% of its acquisition loans.
How have Bank Five Nine's acquisition loans performed?
Of 40 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Wisconsin acquisitions
- Texas acquisitions
- Florida acquisitions
- Lessors of Miniwarehouses and Self-Storage Units
- Assisted Living Facilities for the Elderly
- Gasoline Stations with Convenience Stores
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Bank Five Nine.