BankVista: SBA business acquisition lending record
BankVista (home state MN) approved 322 SBA 7(a) loans to buy existing businesses since FY2018, totaling $217M. The median loan was $354,550. It ranks number 25 of 280 lenders by count and made 0.7% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $150,000 and $832,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Minnesota is the largest state (87% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Offices of Chiropractors is 19% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 586 SBA 7(a) loans of any purpose since FY2020, totaling $298M. 75% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 8% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 7.2% charged off, 104% higher than the 3.5% national average.
BankVista acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 14 | $6.6M | $204,150 | |
| FY2019 | 22 | $17.5M | $392,500 | |
| FY2020 | 45 | $37.4M | $432,000 | |
| FY2021 | 73 | $62M | $558,000 | |
| FY2022 | 51 | $30.8M | $300,000 | |
| FY2023 | 34 | $16.2M | $350,000 | |
| FY2024 | 27 | $16.2M | $160,000 | |
| FY2025 | 27 | $9.8M | $200,000 | |
| FY2026 | 29 | $20.4M | $350,000 |
How often do these acquisition loans fail?
Of the 153 BankVista acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 11 have been charged off by the SBA, a rate of 7.2% by loan count and 2.5% by dollars. 76 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 BankVista is 104% higher 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 279 | 86.6% | $194M | |
| 2 | Wisconsin | 17 | 5.3% | $15.3M | |
| 3 | Iowa | 4 | 1.2% | $1.7M | |
| 4 | North Dakota | 4 | 1.2% | $1M | |
| 5 | Colorado | 3 | 0.9% | $1.8M | |
| 6 | Idaho | 3 | 0.9% | $584K | |
| 7 | South Dakota | 2 | 0.6% | $264K | |
| 8 | Michigan | 2 | 0.6% | $176K | |
| 9 | Montana | 2 | 0.6% | $164K | |
| 10 | Nebraska | 1 | 0.3% | $424K | |
| 11 | Illinois | 1 | 0.3% | $270K | |
| 12 | California | 1 | 0.3% | $250K | |
| 13 | Tennessee | 1 | 0.3% | $240K | |
| 14 | New York | 1 | 0.3% | $213K | |
| 15 | Vermont | 1 | 0.3% | $100K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Offices of Chiropractors | 60 | 18.6% | $13.4M | |
| 2 | Couriers and Express Delivery Services | 38 | 11.8% | $29.6M | |
| 3 | Limited-Service Restaurants | 19 | 5.9% | $12M | |
| 4 | Full-Service Restaurants | 9 | 2.8% | $4.9M | |
| 5 | Home Health Care Services | 8 | 2.5% | $6.3M | |
| 6 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | 2.5% | $6.1M | |
| 7 | Landscaping Services | 7 | 2.2% | $5.2M | |
| 8 | Other Building Equipment Contractors | 7 | 2.2% | $4.6M | |
| 9 | Machine Shops | 7 | 2.2% | $4.2M | |
| 10 | General Freight Trucking, Local | 6 | 1.9% | $4.1M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Erbert and Gerbert's | 4 | 1.2% | $643K | |
| 2 | Jimmy John's | 3 | 0.9% | $3.5M | |
| 3 | Subway | 3 | 0.9% | $2.2M | |
| 4 | Ace Hardware | 2 | 0.6% | $4.4M | |
| 5 | Dunkin' | 2 | 0.6% | $2.6M | |
| 6 | FASTSIGNS | 2 | 0.6% | $1M | |
| 7 | MGM Wine & Spirits | 2 | 0.6% | $608K | |
| 8 | Culver's | 1 | 0.3% | $802K | |
| 9 | The UPS Store | 1 | 0.3% | $681K | |
| 10 | Dairy Queen | 1 | 0.3% | $290K |
Questions buyers ask
Does BankVista make SBA acquisition loans?
Yes. BankVista approved 322 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 25 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 BankVista's acquisition loans?
The median was $354,550, with the middle half between $150,000 and $832,750. The national median is $645,250, so this lender's typical loan is 45% lower than the national figure.
Which states does BankVista lend in?
Minnesota (279), Wisconsin (17), Iowa (4), North Dakota (4), Colorado (3), Idaho (3). Its loans span at least 15 states.
Which industries does BankVista finance?
Offices of Chiropractors (60), Couriers and Express Delivery Services (38), Limited-Service Restaurants (19), Full-Service Restaurants (9), Home Health Care Services (8). The top industry is 19% of its acquisition loans.
How have BankVista's acquisition loans performed?
Of 153 loans approved FY2018 to FY2021: 7.2% charged off, 104% higher than 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.
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Related
- Minnesota acquisitions
- Wisconsin acquisitions
- Iowa acquisitions
- Offices of Chiropractors
- Couriers and Express Delivery Services
- Limited-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by BankVista.