Centerstone SBA Lending, Inc.: SBA business acquisition lending record
Centerstone SBA Lending, Inc. (home state CA) approved 176 SBA 7(a) loans to buy existing businesses since FY2018, totaling $250M. The median loan was $882,500. It ranks number 55 of 280 lenders by count and made 0.4% 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 $488,750 and $1,952,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (20% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 28% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 362 SBA 7(a) loans of any purpose since FY2020, totaling $510M. 98% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 32% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 2.4% charged off, 32% lower than the 3.5% national average.
Centerstone SBA Lending, Inc. acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $10.2M | $471,500 | |
| FY2019 | 18 | $16M | $525,000 | |
| FY2020 | 7 | $8.9M | $725,000 | |
| FY2021 | 8 | $24.1M | $3,448,000 | |
| FY2022 | 13 | $16.2M | $618,000 | |
| FY2023 | 22 | $28.1M | $975,000 | |
| FY2024 | 27 | $35M | $870,000 | |
| FY2025 | 49 | $80.6M | $1,250,000 | |
| FY2026 | 23 | $30.9M | $848,000 |
How often do these acquisition loans fail?
Of the 42 Centerstone SBA Lending, Inc. acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 2.4% by loan count and 0.4% by dollars. 29 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 Centerstone SBA Lending, Inc. is 32% 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 36 | 20.5% | $41.7M | |
| 2 | Illinois | 23 | 13.1% | $23.6M | |
| 3 | North Carolina | 10 | 5.7% | $21.1M | |
| 4 | Georgia | 9 | 5.1% | $12.5M | |
| 5 | Indiana | 7 | 4.0% | $13.5M | |
| 6 | Texas | 7 | 4.0% | $8.3M | |
| 7 | Michigan | 7 | 4.0% | $6.8M | |
| 8 | Florida | 7 | 4.0% | $5.3M | |
| 9 | Wisconsin | 6 | 3.4% | $13.7M | |
| 10 | Pennsylvania | 6 | 3.4% | $9.1M | |
| 11 | Virginia | 6 | 3.4% | $8.1M | |
| 12 | Washington | 5 | 2.8% | $5.1M | |
| 13 | Alabama | 4 | 2.3% | $9.7M | |
| 14 | Maryland | 4 | 2.3% | $3.5M | |
| 15 | Ohio | 3 | 1.7% | $9.3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 49 | 27.8% | $126M | |
| 2 | Beer, Wine, and Liquor Retailers | 25 | 14.2% | $23.5M | |
| 3 | Limited-Service Restaurants | 20 | 11.4% | $10.9M | |
| 4 | Couriers and Express Delivery Services | 13 | 7.4% | $7.3M | |
| 5 | Full-Service Restaurants | 12 | 6.8% | $6.5M | |
| 6 | Gasoline Stations with Convenience Stores | 9 | 5.1% | $13.8M | |
| 7 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 6 | 3.4% | $9.2M | |
| 8 | Car Washes | 3 | 1.7% | $9.4M | |
| 9 | Other Personal Care Services | 2 | 1.1% | $1.7M | |
| 10 | Landscaping Services | 2 | 1.1% | $1.5M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The UPS Store | 14 | 8.0% | $7.7M | |
| 2 | Days Inn | 6 | 3.4% | $16.3M | |
| 3 | Super 8 | 4 | 2.3% | $9.1M | |
| 4 | Subway | 4 | 2.3% | $1.9M | |
| 5 | Motel 6 | 3 | 1.7% | $9.4M | |
| 6 | Country Inn and Suites by Radisson | 2 | 1.1% | $8.5M | |
| 7 | Best Western | 2 | 1.1% | $6.3M | |
| 8 | Microtel Inn & Suites | 1 | 0.6% | $4.6M | |
| 9 | Sleep Inn | 1 | 0.6% | $4.2M | |
| 10 | Red Roof Inn | 1 | 0.6% | $4.1M |
Questions buyers ask
Does Centerstone SBA Lending, Inc. make SBA acquisition loans?
Yes. Centerstone SBA Lending, Inc. approved 176 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 55 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 Centerstone SBA Lending, Inc.'s acquisition loans?
The median was $882,500, with the middle half between $488,750 and $1,952,750. The national median is $645,250, so this lender's typical loan is 37% higher than the national figure.
Which states does Centerstone SBA Lending, Inc. lend in?
California (36), Illinois (23), North Carolina (10), Georgia (9), Indiana (7), Texas (7). Its loans span at least 15 states.
Which industries does Centerstone SBA Lending, Inc. finance?
Hotels (except Casino Hotels) and Motels (49), Beer, Wine, and Liquor Retailers (25), Limited-Service Restaurants (20), Couriers and Express Delivery Services (13), Full-Service Restaurants (12). The top industry is 28% of its acquisition loans.
How have Centerstone SBA Lending, Inc.'s acquisition loans performed?
Of 42 loans approved FY2018 to FY2021: 2.4% charged off, 32% lower than 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
- California acquisitions
- Illinois acquisitions
- North Carolina acquisitions
- Hotels (except Casino Hotels) and Motels
- Beer, Wine, and Liquor Retailers
- Limited-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Centerstone SBA Lending, Inc..