DFCU Financial: SBA business acquisition lending record
DFCU Financial (home state MI) approved 55 SBA 7(a) loans to buy existing businesses since FY2018, totaling $54.3M. The median loan was $511,000. It ranks number 161 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 $268,600 and $1,379,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (80% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Offices of Certified Public Accountants is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 163 SBA 7(a) loans of any purpose since FY2020, totaling $151M. 29% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 25% 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.
DFCU Financial acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $4.2M | $363,600 | |
| FY2019 | 2 | $416K | $207,750 | |
| FY2020 | 6 | $3.5M | $500,000 | |
| FY2021 | 4 | $8.1M | $1,443,150 | |
| FY2022 | 7 | $6.4M | $511,000 | |
| FY2023 | 12 | $12.9M | $446,500 | |
| FY2024 | 4 | $6.3M | $1,570,900 | |
| FY2025 | 10 | $9.4M | $515,650 | |
| FY2026 | 7 | $3M | $299,000 |
How often do these acquisition loans fail?
Fewer than 20 DFCU Financial 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
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Offices of Certified Public Accountants | 3 | 5.5% | $925K | |
| 2 | Floor Covering Retailers | 2 | 3.6% | $6.5M | |
| 3 | Window Treatment Stores | 2 | 3.6% | $3.9M | |
| 4 | All Other Plastics Product Manufacturing | 2 | 3.6% | $3.2M | |
| 5 | Nursery, Garden Center, and Farm Supply Retailers | 2 | 3.6% | $3M | |
| 6 | Full-Service Restaurants | 2 | 3.6% | $2.5M | |
| 7 | Coin-Operated Laundries and Drycleaners | 2 | 3.6% | $1.9M | |
| 8 | All Other Personal Services | 2 | 3.6% | $1.9M | |
| 9 | Caterers | 2 | 3.6% | $1.6M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Jet's Pizza | 3 | 5.5% | $2.9M | |
| 2 | Budget Blinds | 2 | 3.6% | $3.9M | |
| 3 | Home Instead | 1 | 1.8% | $1.9M | |
| 4 | Wild Birds Unlimited | 1 | 1.8% | $583K | |
| 5 | Monster Tree Service | 1 | 1.8% | $531K | |
| 6 | The UPS Store | 1 | 1.8% | $299K | |
| 7 | Kona Ice | 1 | 1.8% | $279K | |
| 8 | Marco's Pizza | 1 | 1.8% | $185K |
Questions buyers ask
Does DFCU Financial make SBA acquisition loans?
Yes. DFCU Financial approved 55 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 161 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 DFCU Financial's acquisition loans?
The median was $511,000, with the middle half between $268,600 and $1,379,500. The national median is $645,250, so this lender's typical loan is 21% lower than the national figure.
Which states does DFCU Financial lend in?
Florida (44), Michigan (11). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does DFCU Financial finance?
Offices of Certified Public Accountants (3), Floor Covering Retailers (2), Window Treatment Stores (2), All Other Plastics Product Manufacturing (2), Nursery, Garden Center, and Farm Supply Retailers (2). The top industry is 5% of its acquisition loans.
How have DFCU Financial'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
- Michigan acquisitions
- Offices of Certified Public Accountants
- Floor Covering Retailers
- Window Treatment Stores
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by DFCU Financial.