Enterprise Bank & Trust: SBA business acquisition lending record
Enterprise Bank & Trust (home state MO) approved 40 SBA 7(a) loans to buy existing businesses since FY2018, totaling $68M. The median loan was $1,093,400. It ranks number 202 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $358,625 and $2,400,200. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (30% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 23% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 1,497 SBA 7(a) loans of any purpose since FY2020, totaling $2.0B. 98% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 38% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
Enterprise Bank & Trust acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $6.4M | $525,000 | |
| FY2019 | 7 | $15.5M | $1,776,000 | |
| FY2020 | 9 | $14.3M | $708,900 | |
| FY2021 | 4 | $7.4M | $1,510,000 | |
| FY2022 | 5 | $6.2M | $1,368,000 | |
| FY2023 | 5 | $6.7M | $760,000 | |
| FY2024 | 2 | $6M | $3,001,950 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $5.6M | $2,779,950 |
How often do these acquisition loans fail?
Of the 26 Enterprise Bank & Trust acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 16 have already been paid in full.
For comparison, Enterprise Bank & Trust has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 | California | 12 | 30.0% | $12M | |
| 2 | Missouri | 8 | 20.0% | $13.1M | |
| 3 | Texas | 4 | 10.0% | $11.4M | |
| 4 | Colorado | 3 | 7.5% | $2.4M | |
| 5 | Arizona | 3 | 7.5% | $1.3M | |
| 6 | North Dakota | 1 | 2.5% | $4.9M | |
| 7 | Nebraska | 1 | 2.5% | $4.4M | |
| 8 | Illinois | 1 | 2.5% | $4.2M | |
| 9 | Tennessee | 1 | 2.5% | $3.8M | |
| 10 | Alaska | 1 | 2.5% | $2.4M | |
| 11 | West Virginia | 1 | 2.5% | $2.1M | |
| 12 | Wyoming | 1 | 2.5% | $1.8M | |
| 13 | Kansas | 1 | 2.5% | $1.6M | |
| 14 | Utah | 1 | 2.5% | $1.3M | |
| 15 | Florida | 1 | 2.5% | $1.3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 9 | 22.5% | $27.5M | |
| 2 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | 7.5% | $1.3M | |
| 3 | Gasoline Stations with Convenience Stores | 2 | 5.0% | $4.1M | |
| 4 | Beer, Wine, and Liquor Retailers | 2 | 5.0% | $1.6M | |
| 5 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | 2.5% | $4.2M | |
| 6 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 1 | 2.5% | $2.3M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Best Western | 2 | 5.0% | $6.1M | |
| 2 | Econo Lodge | 2 | 5.0% | $3.4M | |
| 3 | La Quinta | 1 | 2.5% | $4.8M | |
| 4 | Country Inn and Suites by Radisson | 1 | 2.5% | $4.2M | |
| 5 | Quality Inn | 1 | 2.5% | $3.8M | |
| 6 | Boyett Petroleum | 1 | 2.5% | $2.5M | |
| 7 | The UPS Store | 1 | 2.5% | $720K | |
| 8 | Honda Powersports Sales and Service Agreements | 1 | 2.5% | $676K | |
| 9 | Magnuson Hotels | 1 | 2.5% | $290K | |
| 10 | Baskin-Robbins | 1 | 2.5% | $261K |
Questions buyers ask
Does Enterprise Bank & Trust make SBA acquisition loans?
Yes. Enterprise Bank & Trust approved 40 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 202 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 Enterprise Bank & Trust's acquisition loans?
The median was $1,093,400, with the middle half between $358,625 and $2,400,200. The national median is $645,250, so this lender's typical loan is 69% higher than the national figure.
Which states does Enterprise Bank & Trust lend in?
California (12), Missouri (8), Texas (4), Colorado (3), Arizona (3), North Dakota (1). Its loans span at least 15 states.
Which industries does Enterprise Bank & Trust finance?
Hotels (except Casino Hotels) and Motels (9), Automotive Body, Paint, and Interior Repair and Maintenance (3), Gasoline Stations with Convenience Stores (2), Beer, Wine, and Liquor Retailers (2), Other Miscellaneous Durable Goods Merchant Wholesalers (1). The top industry is 23% of its acquisition loans.
How have Enterprise Bank & Trust's acquisition loans performed?
Of 26 loans approved FY2018 to FY2021: none charged off, against 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
- California acquisitions
- Missouri acquisitions
- Texas acquisitions
- Hotels (except Casino Hotels) and Motels
- Automotive Body, Paint, and Interior Repair and Maintenance
- Gasoline Stations with Convenience Stores
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Enterprise Bank & Trust.