Coastal States Bank: SBA business acquisition lending record
Coastal States Bank (home state SC) approved 35 SBA 7(a) loans to buy existing businesses since FY2018, totaling $55.2M. The median loan was $995,000. It ranks number 219 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $535,800 and $2,024,300. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (20% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Child Care Services is 11% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 112 SBA 7(a) loans of any purpose since FY2020, totaling $154M. 94% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 29% 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.
Coastal States Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $2.3M | $2,252,000 | |
| FY2019 | 5 | $4.1M | $871,000 | |
| FY2020 | 4 | $6.3M | $794,000 | |
| FY2021 | 6 | $7.7M | $1,237,000 | |
| FY2022 | 2 | $6.7M | $3,360,000 | |
| FY2023 | 3 | $8M | $3,350,000 | |
| FY2024 | 3 | $2.7M | $900,000 | |
| FY2025 | 3 | $5M | $802,600 | |
| FY2026 | 8 | $12.4M | $1,051,000 |
How often do these acquisition loans fail?
Fewer than 20 Coastal States 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 7 | 20.0% | $8.3M | |
| 2 | Georgia | 5 | 14.3% | $5.7M | |
| 3 | New York | 3 | 8.6% | $5.6M | |
| 4 | Washington | 3 | 8.6% | $2.6M | |
| 5 | Pennsylvania | 2 | 5.7% | $2.5M | |
| 6 | Mississippi | 1 | 2.9% | $5M | |
| 7 | Utah | 1 | 2.9% | $4.3M | |
| 8 | Arizona | 1 | 2.9% | $4.1M | |
| 9 | New Mexico | 1 | 2.9% | $4.1M | |
| 10 | Missouri | 1 | 2.9% | $3.4M | |
| 11 | Alabama | 1 | 2.9% | $3M | |
| 12 | Oregon | 1 | 2.9% | $1.3M | |
| 13 | Maryland | 1 | 2.9% | $1.3M | |
| 14 | Michigan | 1 | 2.9% | $995K | |
| 15 | North Carolina | 1 | 2.9% | $807K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Child Care Services | 4 | 11.4% | $2.9M | |
| 2 | Nursing Care Facilities (Skilled Nursing Facilities) | 3 | 8.6% | $9.7M | |
| 3 | Home Health Care Services | 3 | 8.6% | $2.8M | |
| 4 | Commercial Printing (except Screen and Books) | 3 | 8.6% | $2.5M | |
| 5 | Meat and Meat Product Merchant Wholesalers | 2 | 5.7% | $3.7M | |
| 6 | Fitness and Recreational Sports Centers | 2 | 5.7% | $1.1M | |
| 7 | Full-Service Restaurants | 2 | 5.7% | $815K | |
| 8 | Assisted Living Facilities for the Elderly | 1 | 2.9% | $4.3M | |
| 9 | Septic Tank and Related Services | 1 | 2.9% | $4.1M | |
| 10 | Electrical Contractors and Other Wiring Installation Contractors | 1 | 2.9% | $4.1M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bee Hive Homes | 2 | 5.7% | $8.4M | |
| 2 | Quality Inn | 1 | 2.9% | $3M | |
| 3 | Sylvan Learning Centers | 1 | 2.9% | $995K | |
| 4 | The Bar Method | 1 | 2.9% | $803K | |
| 5 | Visiting Angels | 1 | 2.9% | $572K | |
| 6 | Buffalo Wings & Rings | 1 | 2.9% | $315K | |
| 7 | Burn Boot Camp Fitness | 1 | 2.9% | $310K |
Questions buyers ask
Does Coastal States Bank make SBA acquisition loans?
Yes. Coastal States Bank approved 35 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 219 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 Coastal States Bank's acquisition loans?
The median was $995,000, with the middle half between $535,800 and $2,024,300. The national median is $645,250, so this lender's typical loan is 54% higher than the national figure.
Which states does Coastal States Bank lend in?
Texas (7), Georgia (5), New York (3), Washington (3), Pennsylvania (2), Mississippi (1). Its loans span at least 15 states.
Which industries does Coastal States Bank finance?
Child Care Services (4), Nursing Care Facilities (Skilled Nursing Facilities) (3), Home Health Care Services (3), Commercial Printing (except Screen and Books) (3), Meat and Meat Product Merchant Wholesalers (2). The top industry is 11% of its acquisition loans.
How have Coastal States 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.
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
- Texas acquisitions
- Georgia acquisitions
- New York acquisitions
- Child Care Services
- Nursing Care Facilities (Skilled Nursing Facilities)
- Home Health Care Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Coastal States Bank.