BankUnited, National Association: SBA business acquisition lending record
BankUnited, National Association (home state FL) approved 123 SBA 7(a) loans to buy existing businesses since FY2018, totaling $139M. The median loan was $920,000. It ranks number 82 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 $522,750 and $1,533,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (40% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 155 SBA 7(a) loans of any purpose since FY2020, totaling $167M. 89% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 26% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 2.0% charged off, 44% lower than the 3.5% national average.
BankUnited, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 29 | $33.7M | $723,900 | |
| FY2019 | 49 | $46.8M | $754,000 | |
| FY2020 | 23 | $23.5M | $1,093,000 | |
| FY2021 | 1 | $1.7M | $1,675,000 | |
| FY2022 | 1 | $1.9M | $1,861,000 | |
| FY2023 | 1 | $2.9M | $2,862,000 | |
| FY2024 | 5 | $5.5M | $781,500 | |
| FY2025 | 7 | $8.8M | $1,181,000 | |
| FY2026 | 7 | $14.6M | $1,150,000 |
How often do these acquisition loans fail?
Of the 102 BankUnited, National Association 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 2.0% by loan count and 0.5% by dollars. 50 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 BankUnited, National Association is 44% 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 | Florida | 49 | 39.8% | $58.7M | |
| 2 | Texas | 14 | 11.4% | $14.2M | |
| 3 | California | 13 | 10.6% | $8.9M | |
| 4 | Michigan | 7 | 5.7% | $6.2M | |
| 5 | Illinois | 5 | 4.1% | $7.3M | |
| 6 | Nevada | 4 | 3.3% | $4.9M | |
| 7 | Minnesota | 4 | 3.3% | $2.6M | |
| 8 | Ohio | 3 | 2.4% | $7.7M | |
| 9 | New York | 3 | 2.4% | $3M | |
| 10 | Indiana | 3 | 2.4% | $1.8M | |
| 11 | Georgia | 2 | 1.6% | $3.6M | |
| 12 | Virginia | 2 | 1.6% | $2.8M | |
| 13 | Mississippi | 2 | 1.6% | $1.2M | |
| 14 | New Jersey | 1 | 0.8% | $3.6M | |
| 15 | Montana | 1 | 0.8% | $2.5M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 8 | 6.5% | $7.1M | |
| 2 | Beauty Salons | 8 | 6.5% | $6.7M | |
| 3 | Gasoline Stations with Convenience Stores | 7 | 5.7% | $6.7M | |
| 4 | Landscaping Services | 6 | 4.9% | $6M | |
| 5 | Hotels (except Casino Hotels) and Motels | 5 | 4.1% | $14.4M | |
| 6 | Beer, Wine, and Liquor Retailers | 5 | 4.1% | $6.5M | |
| 7 | Tax Preparation Services | 4 | 3.3% | $3.9M | |
| 8 | General Freight Trucking, Local | 4 | 3.3% | $3.4M | |
| 9 | Sports and Recreation Instruction | 4 | 3.3% | $2.1M | |
| 10 | Electronic Shopping and Mail-Order Houses | 3 | 2.4% | $2.6M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Smartstyle | 5 | 4.1% | $2.6M | |
| 2 | Jackson Hewitt Tax Service | 3 | 2.4% | $3.1M | |
| 3 | Quality Inn | 2 | 1.6% | $6.9M | |
| 4 | Supercuts | 2 | 1.6% | $2.5M | |
| 5 | Circle K | 2 | 1.6% | $2.4M | |
| 6 | Baymont | 1 | 0.8% | $2.8M | |
| 7 | Red Roof Inn | 1 | 0.8% | $2.7M | |
| 8 | Econo Lodge | 1 | 0.8% | $2M | |
| 9 | Club Pilates | 1 | 0.8% | $1.6M | |
| 10 | Papa John's | 1 | 0.8% | $1.1M |
Questions buyers ask
Does BankUnited, National Association make SBA acquisition loans?
Yes. BankUnited, National Association approved 123 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 82 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 BankUnited, National Association's acquisition loans?
The median was $920,000, with the middle half between $522,750 and $1,533,750. The national median is $645,250, so this lender's typical loan is 43% higher than the national figure.
Which states does BankUnited, National Association lend in?
Florida (49), Texas (14), California (13), Michigan (7), Illinois (5), Nevada (4). Its loans span at least 15 states.
Which industries does BankUnited, National Association finance?
Full-Service Restaurants (8), Beauty Salons (8), Gasoline Stations with Convenience Stores (7), Landscaping Services (6), Hotels (except Casino Hotels) and Motels (5). The top industry is 7% of its acquisition loans.
How have BankUnited, National Association's acquisition loans performed?
Of 102 loans approved FY2018 to FY2021: 2.0% charged off, 44% 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
- Florida acquisitions
- Texas acquisitions
- California acquisitions
- Full-Service Restaurants
- Beauty Salons
- Gasoline Stations with Convenience Stores
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by BankUnited, National Association.