Climate First Bank: SBA business acquisition lending record
Climate First Bank (home state FL) approved 30 SBA 7(a) loans to buy existing businesses since FY2018, totaling $48.8M. The median loan was $1,158,000. It ranks number 249 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $462,000 and $2,580,000. 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 only 13 states, which points to a regional lender.
- Industry concentration. All Other Specialty Trade Contractors is 13% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 268 SBA 7(a) loans of any purpose since FY2020, totaling $312M. 77% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 0% 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.
Climate First Bank 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 | 0 | $0 | - | |
| FY2025 | 15 | $26.1M | $665,000 | |
| FY2026 | 15 | $22.7M | $1,286,000 |
How often do these acquisition loans fail?
Fewer than 20 Climate First Bank 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 12 | 40.0% | $20.4M | |
| 2 | Utah | 3 | 10.0% | $1.5M | |
| 3 | New York | 2 | 6.7% | $5M | |
| 4 | California | 2 | 6.7% | $2M | |
| 5 | North Carolina | 2 | 6.7% | $1.7M | |
| 6 | Rhode Island | 2 | 6.7% | $1.1M | |
| 7 | District of Columbia | 1 | 3.3% | $3.6M | |
| 8 | Montana | 1 | 3.3% | $3.3M | |
| 9 | Alabama | 1 | 3.3% | $3.2M | |
| 10 | Texas | 1 | 3.3% | $2.8M | |
| 11 | Colorado | 1 | 3.3% | $1.9M | |
| 12 | Washington | 1 | 3.3% | $1.3M | |
| 13 | Arizona | 1 | 3.3% | $1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | All Other Specialty Trade Contractors | 4 | 13.3% | $5.1M | |
| 2 | Janitorial Services | 3 | 10.0% | $5.2M | |
| 3 | Home Health Care Services | 2 | 6.7% | $5M | |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | 6.7% | $2.7M | |
| 5 | Landscaping Services | 2 | 6.7% | $1.1M | |
| 6 | Other Computer Related Services | 2 | 6.7% | $998K | |
| 7 | Offices of All Other Miscellaneous Health Practitioners | 1 | 3.3% | $4.8M | |
| 8 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | 3.3% | $3.5M | |
| 9 | Carpet and Upholstery Cleaning Services | 1 | 3.3% | $3.3M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
Does Climate First Bank make SBA acquisition loans?
Yes. Climate First Bank approved 30 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 249 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 Climate First Bank's acquisition loans?
The median was $1,158,000, with the middle half between $462,000 and $2,580,000. The national median is $645,250, so this lender's typical loan is 79% higher than the national figure.
Which states does Climate First Bank lend in?
Florida (12), Utah (3), New York (2), California (2), North Carolina (2), Rhode Island (2). Its loans appear in 13 states, so it is closer to a regional lender.
Which industries does Climate First Bank finance?
All Other Specialty Trade Contractors (4), Janitorial Services (3), Home Health Care Services (2), Plumbing, Heating, and Air-Conditioning Contractors (2), Landscaping Services (2). The top industry is 13% of its acquisition loans.
How have Climate First Bank'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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Florida acquisitions
- Utah acquisitions
- New York acquisitions
- All Other Specialty Trade Contractors
- Janitorial Services
- Home Health Care Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Climate First Bank.