BankPlus: SBA business acquisition lending record
BankPlus (home state MS) approved 40 SBA 7(a) loans to buy existing businesses since FY2018, totaling $41.1M. The median loan was $774,800. It ranks number 200 of 280 lenders by count and made 0.1% 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 $377,275 and $1,301,600. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Mississippi is the largest state (55% of loans). Loans appear in only 4 states, which points to a regional lender.
- Industry concentration. Broilers and Other Meat Type Chicken Production is 53% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 102 SBA 7(a) loans of any purpose since FY2020, totaling $90.4M. 63% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 0% 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.
BankPlus acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $323K | $161,650 | |
| FY2019 | 2 | $1.1M | $533,350 | |
| FY2020 | 10 | $6.6M | $403,200 | |
| FY2021 | 3 | $4.1M | $1,324,100 | |
| FY2022 | 9 | $15.3M | $1,499,000 | |
| FY2023 | 12 | $11.2M | $809,000 | |
| FY2024 | 1 | $1.4M | $1,374,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $1.1M | $1,130,000 |
How often do these acquisition loans fail?
Fewer than 20 BankPlus 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Mississippi | 22 | 55.0% | $15M | |
| 2 | Alabama | 13 | 32.5% | $18.4M | |
| 3 | Tennessee | 4 | 10.0% | $7.1M | |
| 4 | South Carolina | 1 | 2.5% | $560K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Broilers and Other Meat Type Chicken Production | 21 | 52.5% | $29.6M | |
| 2 | Chicken Egg Production | 8 | 20.0% | $6.2M | |
| 3 | Full-Service Restaurants | 3 | 7.5% | $1.2M | |
| 4 | General Automotive Repair | 2 | 5.0% | $2.4M | |
| 5 | Limited-Service Restaurants | 2 | 5.0% | $233K | |
| 6 | Floor Covering Retailers | 1 | 2.5% | $392K | |
| 7 | Other Poultry Production | 1 | 2.5% | $316K | |
| 8 | All Other Miscellaneous Manufacturing | 1 | 2.5% | $15K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
Does BankPlus make SBA acquisition loans?
Yes. BankPlus approved 40 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 200 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 BankPlus's acquisition loans?
The median was $774,800, with the middle half between $377,275 and $1,301,600. The national median is $645,250, so this lender's typical loan is 20% higher than the national figure.
Which states does BankPlus lend in?
Mississippi (22), Alabama (13), Tennessee (4), South Carolina (1). Its loans appear in 4 states, so it is closer to a regional lender.
Which industries does BankPlus finance?
Broilers and Other Meat Type Chicken Production (21), Chicken Egg Production (8), Full-Service Restaurants (3), General Automotive Repair (2), Limited-Service Restaurants (2). The top industry is 53% of its acquisition loans.
How have BankPlus'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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Mississippi acquisitions
- Alabama acquisitions
- Tennessee acquisitions
- Broilers and Other Meat Type Chicken Production
- Chicken Egg Production
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by BankPlus.