CRF Small Business Loan Company, LLC: SBA business acquisition lending record
CRF Small Business Loan Company, LLC (home state MN) approved 114 SBA 7(a) loans to buy existing businesses since FY2018, totaling $76.9M. The median loan was $350,000. It ranks number 87 of 280 lenders by count and made 0.2% 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 $249,250 and $638,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (49% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 18% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 293 SBA 7(a) loans of any purpose since FY2020, totaling $179M. 96% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 19% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 12.2% charged off, 245% higher than the 3.5% national average.
CRF Small Business Loan Company, LLC acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 10 | $3.4M | $308,500 | |
| FY2019 | 24 | $16.2M | $366,850 | |
| FY2020 | 24 | $15.9M | $281,500 | |
| FY2021 | 16 | $7M | $414,000 | |
| FY2022 | 18 | $16.4M | $587,500 | |
| FY2023 | 10 | $4.4M | $295,000 | |
| FY2024 | 2 | $2.7M | $1,369,000 | |
| FY2025 | 5 | $4M | $641,000 | |
| FY2026 | 5 | $6.8M | $1,305,000 |
How often do these acquisition loans fail?
Of the 74 CRF Small Business Loan Company, LLC acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 9 have been charged off by the SBA, a rate of 12.2% by loan count and 4.9% by dollars. 30 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 CRF Small Business Loan Company, LLC is 245% higher 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 | Florida | 56 | 49.1% | $38.9M | |
| 2 | Pennsylvania | 7 | 6.1% | $1.7M | |
| 3 | Georgia | 6 | 5.3% | $5.9M | |
| 4 | Illinois | 6 | 5.3% | $4.4M | |
| 5 | California | 6 | 5.3% | $2.4M | |
| 6 | Texas | 3 | 2.6% | $4.9M | |
| 7 | North Carolina | 3 | 2.6% | $1.7M | |
| 8 | Oregon | 3 | 2.6% | $1.4M | |
| 9 | Minnesota | 3 | 2.6% | $1.3M | |
| 10 | Colorado | 3 | 2.6% | $1.3M | |
| 11 | New Jersey | 3 | 2.6% | $835K | |
| 12 | Virginia | 2 | 1.8% | $2.4M | |
| 13 | Alabama | 2 | 1.8% | $2.1M | |
| 14 | Massachusetts | 2 | 1.8% | $1.2M | |
| 15 | Kansas | 2 | 1.8% | $602K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 21 | 18.4% | $19.8M | |
| 2 | Limited-Service Restaurants | 13 | 11.4% | $4M | |
| 3 | Landscaping Services | 4 | 3.5% | $4.3M | |
| 4 | Janitorial Services | 4 | 3.5% | $982K | |
| 5 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 3 | 2.6% | $5.3M | |
| 6 | Child Care Services | 3 | 2.6% | $1.1M | |
| 7 | Machine Shops | 2 | 1.8% | $4.3M | |
| 8 | Assisted Living Facilities for the Elderly | 2 | 1.8% | $2.1M | |
| 9 | Commercial Printing (except Screen and Books) | 2 | 1.8% | $2M | |
| 10 | Pet Care (except Veterinary) Services | 2 | 1.8% | $1.8M |
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 | Wayback Burgers | 3 | 2.6% | $320K | |
| 2 | Philly Pretzel Factory | 2 | 1.8% | $756K | |
| 3 | Tropical Smoothie Cafe | 1 | 0.9% | $1.1M | |
| 4 | Workout Anytime | 1 | 0.9% | $600K | |
| 5 | Rainbow Restoration | 1 | 0.9% | $350K | |
| 6 | Once Upon A Child | 1 | 0.9% | $340K | |
| 7 | Wetzel's Pretzels | 1 | 0.9% | $249K | |
| 8 | The Maids | 1 | 0.9% | $245K |
Questions buyers ask
Does CRF Small Business Loan Company, LLC make SBA acquisition loans?
Yes. CRF Small Business Loan Company, LLC approved 114 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 87 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 CRF Small Business Loan Company, LLC's acquisition loans?
The median was $350,000, with the middle half between $249,250 and $638,250. The national median is $645,250, so this lender's typical loan is 46% lower than the national figure.
Which states does CRF Small Business Loan Company, LLC lend in?
Florida (56), Pennsylvania (7), Georgia (6), Illinois (6), California (6), Texas (3). Its loans span at least 15 states.
Which industries does CRF Small Business Loan Company, LLC finance?
Full-Service Restaurants (21), Limited-Service Restaurants (13), Landscaping Services (4), Janitorial Services (4), All Other Miscellaneous Fabricated Metal Product Manufacturing (3). The top industry is 18% of its acquisition loans.
How have CRF Small Business Loan Company, LLC's acquisition loans performed?
Of 74 loans approved FY2018 to FY2021: 12.2% charged off, 245% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Florida acquisitions
- Pennsylvania acquisitions
- Georgia acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- Landscaping Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by CRF Small Business Loan Company, LLC.