BOKF, National Association: SBA business acquisition lending record
BOKF, National Association (home state OK) approved 35 SBA 7(a) loans to buy existing businesses since FY2018, totaling $41M. The median loan was $898,000. It ranks number 218 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 $324,400 and $1,801,150. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Colorado is the largest state (46% of loans). Loans appear in only 5 states, which points to a regional lender.
- Industry concentration. Offices of Lawyers is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 199 SBA 7(a) loans of any purpose since FY2020, totaling $172M. 74% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 6% 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.
BOKF, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $11.8M | $541,300 | |
| FY2019 | 2 | $1.5M | $771,650 | |
| FY2020 | 1 | $1.2M | $1,216,000 | |
| FY2021 | 9 | $10.4M | $1,300,500 | |
| FY2022 | 1 | $1.8M | $1,752,300 | |
| FY2023 | 8 | $8.6M | $1,141,750 | |
| FY2024 | 1 | $674K | $674,000 | |
| FY2025 | 4 | $5M | $500,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Of the 20 BOKF, National Association 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. 14 have already been paid in full.
For comparison, BOKF, National Association 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 | Colorado | 16 | 45.7% | $24.1M | |
| 2 | Arizona | 9 | 25.7% | $6.7M | |
| 3 | Texas | 5 | 14.3% | $3.5M | |
| 4 | Oklahoma | 3 | 8.6% | $3.4M | |
| 5 | New Mexico | 2 | 5.7% | $3.3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Offices of Lawyers | 3 | 8.6% | $2.7M | |
| 2 | Offices of Certified Public Accountants | 3 | 8.6% | $475K | |
| 3 | Other Heavy and Civil Engineering Construction | 2 | 5.7% | $4.1M | |
| 4 | Child Care Services | 2 | 5.7% | $1.5M | |
| 5 | Testing Laboratories and Services | 2 | 5.7% | $973K | |
| 6 | Highway, Street, and Bridge Construction | 1 | 2.9% | $3.7M | |
| 7 | All Other Professional, Scientific, and Technical Services | 1 | 2.9% | $2.7M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Goddard School | 2 | 5.7% | $1.5M |
Questions buyers ask
Does BOKF, National Association make SBA acquisition loans?
Yes. BOKF, National Association approved 35 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 218 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 BOKF, National Association's acquisition loans?
The median was $898,000, with the middle half between $324,400 and $1,801,150. The national median is $645,250, so this lender's typical loan is 39% higher than the national figure.
Which states does BOKF, National Association lend in?
Colorado (16), Arizona (9), Texas (5), Oklahoma (3), New Mexico (2). Its loans appear in 5 states, so it is closer to a regional lender.
Which industries does BOKF, National Association finance?
Offices of Lawyers (3), Offices of Certified Public Accountants (3), Other Heavy and Civil Engineering Construction (2), Child Care Services (2), Testing Laboratories and Services (2). The top industry is 9% of its acquisition loans.
How have BOKF, National Association's acquisition loans performed?
Of 20 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Colorado acquisitions
- Arizona acquisitions
- Texas acquisitions
- Offices of Lawyers
- Offices of Certified Public Accountants
- Other Heavy and Civil Engineering Construction
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by BOKF, National Association.