City National Bank of Florida: SBA business acquisition lending record
City National Bank of Florida (home state FL) approved 36 SBA 7(a) loans to buy existing businesses since FY2018, totaling $61.2M. The median loan was $1,112,500. It ranks number 214 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 $639,000 and $2,274,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (39% of loans). Loans appear in only 9 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 14% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 299 SBA 7(a) loans of any purpose since FY2020, totaling $216M. 75% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 17% 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.
City National Bank of Florida acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $991K | $991,000 | |
| FY2025 | 10 | $18M | $959,250 | |
| FY2026 | 25 | $42.2M | $1,250,000 |
How often do these acquisition loans fail?
Fewer than 20 City National Bank of Florida 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 14 | 38.9% | $19.2M | |
| 2 | Florida | 7 | 19.4% | $10M | |
| 3 | California | 4 | 11.1% | $9.9M | |
| 4 | Connecticut | 3 | 8.3% | $7.3M | |
| 5 | Washington | 2 | 5.6% | $5M | |
| 6 | Colorado | 2 | 5.6% | $2.4M | |
| 7 | Ohio | 2 | 5.6% | $1.3M | |
| 8 | Nebraska | 1 | 2.8% | $3.2M | |
| 9 | North Carolina | 1 | 2.8% | $3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 5 | 13.9% | $3.7M | |
| 2 | All Other Specialty Trade Contractors | 3 | 8.3% | $9.1M | |
| 3 | Other Computer Related Services | 2 | 5.6% | $2.4M | |
| 4 | Sign Manufacturing | 2 | 5.6% | $2.3M | |
| 5 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | 5.6% | $1.8M | |
| 6 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | 5.6% | $1.3M | |
| 7 | Landscaping Services | 2 | 5.6% | $965K | |
| 8 | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | 1 | 2.8% | $5M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Brass Tap Craft Beer Bar | 4 | 11.1% | $2.7M | |
| 2 | Golden Corral | 1 | 2.8% | $3.7M | |
| 3 | Woof Gang Bakery and Grooming | 1 | 2.8% | $685K |
Questions buyers ask
Does City National Bank of Florida make SBA acquisition loans?
Yes. City National Bank of Florida approved 36 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 214 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 City National Bank of Florida's acquisition loans?
The median was $1,112,500, with the middle half between $639,000 and $2,274,250. The national median is $645,250, so this lender's typical loan is 72% higher than the national figure.
Which states does City National Bank of Florida lend in?
Texas (14), Florida (7), California (4), Connecticut (3), Washington (2), Colorado (2). Its loans appear in 9 states, so it is closer to a regional lender.
Which industries does City National Bank of Florida finance?
Full-Service Restaurants (5), All Other Specialty Trade Contractors (3), Other Computer Related Services (2), Sign Manufacturing (2), Plumbing, Heating, and Air-Conditioning Contractors (2). The top industry is 14% of its acquisition loans.
How have City National Bank of Florida'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.
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Related
- Texas acquisitions
- Florida acquisitions
- California acquisitions
- Full-Service Restaurants
- All Other Specialty Trade Contractors
- Other Computer Related Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by City National Bank of Florida.