Evolve Bank and Trust: SBA business acquisition lending record
Evolve Bank and Trust (home state AR) approved 110 SBA 7(a) loans to buy existing businesses since FY2018, totaling $114M. The median loan was $744,500. It ranks number 90 of 280 lenders by count and made 0.2% 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 $419,125 and $1,282,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Arizona is the largest state (22% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Assisted Living Facilities for the Elderly is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 238 SBA 7(a) loans of any purpose since FY2020, totaling $241M. 95% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 10% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 6.3% charged off, 78% higher than the 3.5% national average.
Evolve Bank and Trust acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $2.7M | $368,400 | |
| FY2019 | 15 | $9.5M | $463,800 | |
| FY2020 | 7 | $4.1M | $496,800 | |
| FY2021 | 3 | $4.6M | $1,235,000 | |
| FY2022 | 5 | $4.4M | $815,700 | |
| FY2023 | 17 | $20.2M | $965,200 | |
| FY2024 | 15 | $16.9M | $719,000 | |
| FY2025 | 20 | $21.7M | $891,500 | |
| FY2026 | 21 | $30M | $1,014,000 |
How often do these acquisition loans fail?
Of the 32 Evolve Bank and Trust acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 6.3% by loan count and 2.2% by dollars. 16 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 Evolve Bank and Trust is 78% 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.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Arizona | 24 | 21.8% | $19.1M | |
| 2 | Washington | 19 | 17.3% | $27.6M | |
| 3 | Florida | 17 | 15.5% | $9.8M | |
| 4 | California | 13 | 11.8% | $15.9M | |
| 5 | Colorado | 8 | 7.3% | $7.9M | |
| 6 | Utah | 5 | 4.5% | $9.6M | |
| 7 | Oregon | 4 | 3.6% | $3.2M | |
| 8 | Pennsylvania | 3 | 2.7% | $2.9M | |
| 9 | Texas | 3 | 2.7% | $2.2M | |
| 10 | Arkansas | 2 | 1.8% | $5.4M | |
| 11 | Virginia | 2 | 1.8% | $4.1M | |
| 12 | Ohio | 2 | 1.8% | $2.4M | |
| 13 | North Carolina | 2 | 1.8% | $1.8M | |
| 14 | New Jersey | 1 | 0.9% | $792K | |
| 15 | Maryland | 1 | 0.9% | $581K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Assisted Living Facilities for the Elderly | 10 | 9.1% | $15.3M | |
| 2 | Plumbing, Heating, and Air-Conditioning Contractors | 6 | 5.5% | $6.7M | |
| 3 | Home Health Care Services | 5 | 4.5% | $6.3M | |
| 4 | Full-Service Restaurants | 5 | 4.5% | $3.1M | |
| 5 | Limited-Service Restaurants | 5 | 4.5% | $2.5M | |
| 6 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 4 | 3.6% | $6M | |
| 7 | Landscaping Services | 4 | 3.6% | $5.6M | |
| 8 | General Automotive Repair | 4 | 3.6% | $4.5M | |
| 9 | Commercial Printing (except Screen and Books) | 3 | 2.7% | $2M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Dairy Queen | 2 | 1.8% | $856K | |
| 2 | SpeedPro Imaging | 1 | 0.9% | $672K | |
| 3 | Two Men and a Truck | 1 | 0.9% | $443K | |
| 4 | Grease Monkey | 1 | 0.9% | $368K | |
| 5 | Sir Speedy | 1 | 0.9% | $342K | |
| 6 | Tropical Smoothie Cafe | 1 | 0.9% | $317K | |
| 7 | LINE-X | 1 | 0.9% | $276K | |
| 8 | Papa John's | 1 | 0.9% | $230K | |
| 9 | Senior Helpers | 1 | 0.9% | $212K |
Questions buyers ask
Does Evolve Bank and Trust make SBA acquisition loans?
Yes. Evolve Bank and Trust approved 110 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 90 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 Evolve Bank and Trust's acquisition loans?
The median was $744,500, with the middle half between $419,125 and $1,282,250. The national median is $645,250, so this lender's typical loan is 15% higher than the national figure.
Which states does Evolve Bank and Trust lend in?
Arizona (24), Washington (19), Florida (17), California (13), Colorado (8), Utah (5). Its loans span at least 15 states.
Which industries does Evolve Bank and Trust finance?
Assisted Living Facilities for the Elderly (10), Plumbing, Heating, and Air-Conditioning Contractors (6), Home Health Care Services (5), Full-Service Restaurants (5), Limited-Service Restaurants (5). The top industry is 9% of its acquisition loans.
How have Evolve Bank and Trust's acquisition loans performed?
Of 32 loans approved FY2018 to FY2021: 6.3% charged off, 78% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Arizona acquisitions
- Washington acquisitions
- Florida acquisitions
- Assisted Living Facilities for the Elderly
- Plumbing, Heating, and Air-Conditioning Contractors
- Home Health Care Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Evolve Bank and Trust.