Colony Bank: SBA business acquisition lending record
Colony Bank (home state GA) approved 64 SBA 7(a) loans to buy existing businesses since FY2018, totaling $83.7M. The median loan was $963,800. It ranks number 138 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 $467,050 and $1,583,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (22% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 1,114 SBA 7(a) loans of any purpose since FY2020, totaling $527M. 81% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 8% 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.
Colony Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $945K | $945,000 | |
| FY2019 | 1 | $1.2M | $1,160,000 | |
| FY2020 | 1 | $461K | $461,200 | |
| FY2021 | 8 | $12M | $1,312,450 | |
| FY2022 | 3 | $4.1M | $1,437,000 | |
| FY2023 | 2 | $631K | $315,450 | |
| FY2024 | 12 | $15.9M | $956,300 | |
| FY2025 | 17 | $27.3M | $938,000 | |
| FY2026 | 19 | $21.2M | $923,400 |
How often do these acquisition loans fail?
Fewer than 20 Colony 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 14 | 21.9% | $11.9M | |
| 2 | Georgia | 10 | 15.6% | $17.1M | |
| 3 | Texas | 9 | 14.1% | $9.2M | |
| 4 | Oklahoma | 3 | 4.7% | $5.7M | |
| 5 | California | 3 | 4.7% | $5.2M | |
| 6 | Iowa | 2 | 3.1% | $4.4M | |
| 7 | Illinois | 2 | 3.1% | $4.1M | |
| 8 | Washington | 2 | 3.1% | $3.4M | |
| 9 | New York | 2 | 3.1% | $2.1M | |
| 10 | Virginia | 2 | 3.1% | $1.6M | |
| 11 | South Carolina | 2 | 3.1% | $1.5M | |
| 12 | Colorado | 2 | 3.1% | $1M | |
| 13 | Ohio | 1 | 1.6% | $4.8M | |
| 14 | New Mexico | 1 | 1.6% | $2.4M | |
| 15 | New Hampshire | 1 | 1.6% | $1.8M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 6.3% | $3.9M | |
| 2 | Gasoline Stations with Convenience Stores | 3 | 4.7% | $5.3M | |
| 3 | Janitorial Services | 3 | 4.7% | $4M | |
| 4 | Offices of Dentists | 3 | 4.7% | $3.6M | |
| 5 | Limited-Service Restaurants | 3 | 4.7% | $2.5M | |
| 6 | Support Activities for Oil and Gas Operations | 2 | 3.1% | $7.3M | |
| 7 | Pharmacies and Drug Retailers | 2 | 3.1% | $5.7M | |
| 8 | Beer, Wine, and Liquor Retailers | 2 | 3.1% | $2.9M | |
| 9 | Private Mail Centers | 2 | 3.1% | $2.7M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Microtel Inn & Suites | 1 | 1.6% | $4.2M | |
| 2 | Zaxby's | 1 | 1.6% | $1.5M | |
| 3 | The UPS Store | 1 | 1.6% | $1.1M | |
| 4 | Merry Maids | 1 | 1.6% | $632K |
Questions buyers ask
Does Colony Bank make SBA acquisition loans?
Yes. Colony Bank approved 64 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 138 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 Colony Bank's acquisition loans?
The median was $963,800, with the middle half between $467,050 and $1,583,250. The national median is $645,250, so this lender's typical loan is 49% higher than the national figure.
Which states does Colony Bank lend in?
Florida (14), Georgia (10), Texas (9), Oklahoma (3), California (3), Iowa (2). Its loans span at least 15 states.
Which industries does Colony Bank finance?
Full-Service Restaurants (4), Gasoline Stations with Convenience Stores (3), Janitorial Services (3), Offices of Dentists (3), Limited-Service Restaurants (3). The top industry is 6% of its acquisition loans.
How have Colony 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.
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Related
- Florida acquisitions
- Georgia acquisitions
- Texas acquisitions
- Full-Service Restaurants
- Gasoline Stations with Convenience Stores
- Janitorial Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Colony Bank.