Equity Bank: SBA business acquisition lending record
Equity Bank (home state KS) approved 35 SBA 7(a) loans to buy existing businesses since FY2018, totaling $27M. The median loan was $417,700. It ranks number 221 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $159,650 and $1,203,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Missouri is the largest state (29% of loans). Loans appear in only 7 states, which points to a regional lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 11% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 228 SBA 7(a) loans of any purpose since FY2020, totaling $123M. 80% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 20% 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.
Equity Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $3.4M | $646,100 | |
| FY2019 | 1 | $1.4M | $1,362,000 | |
| FY2020 | 2 | $2.4M | $1,217,000 | |
| FY2021 | 2 | $2M | $993,500 | |
| FY2022 | 12 | $7.2M | $327,100 | |
| FY2023 | 6 | $3.4M | $485,000 | |
| FY2024 | 1 | $290K | $289,700 | |
| FY2025 | 2 | $1.8M | $884,500 | |
| FY2026 | 6 | $5.2M | $419,400 |
How often do these acquisition loans fail?
Fewer than 20 Equity 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
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 4 | 11.4% | $6.5M | |
| 2 | Limited-Service Restaurants | 3 | 8.6% | $5.3M | |
| 3 | Gasoline Stations with Convenience Stores | 3 | 8.6% | $2.1M | |
| 4 | Fuel Dealers | 2 | 5.7% | $1.4M | |
| 5 | Beer, Wine, and Liquor Retailers | 2 | 5.7% | $1.3M | |
| 6 | Child Care Services | 2 | 5.7% | $754K | |
| 7 | Convenience Retailers | 2 | 5.7% | $367K | |
| 8 | Hardware Retailers | 1 | 2.9% | $2.8M | |
| 9 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | 2.9% | $1.4M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | True Value | 1 | 2.9% | $2.8M | |
| 2 | Super 8 | 1 | 2.9% | $2.7M | |
| 3 | Americas Best Value Inn | 1 | 2.9% | $646K |
Questions buyers ask
Does Equity Bank make SBA acquisition loans?
Yes. Equity Bank approved 35 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 221 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 Equity Bank's acquisition loans?
The median was $417,700, with the middle half between $159,650 and $1,203,000. The national median is $645,250, so this lender's typical loan is 35% lower than the national figure.
Which states does Equity Bank lend in?
Missouri (10), Kansas (8), Texas (5), Oklahoma (5), Arkansas (4), Nebraska (2). Its loans appear in 7 states, so it is closer to a regional lender.
Which industries does Equity Bank finance?
Hotels (except Casino Hotels) and Motels (4), Limited-Service Restaurants (3), Gasoline Stations with Convenience Stores (3), Fuel Dealers (2), Beer, Wine, and Liquor Retailers (2). The top industry is 11% of its acquisition loans.
How have Equity 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
- Missouri acquisitions
- Kansas acquisitions
- Texas acquisitions
- Hotels (except Casino Hotels) and Motels
- Limited-Service Restaurants
- Gasoline Stations with Convenience Stores
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Equity Bank.