Falcon National Bank: SBA business acquisition lending record
Falcon National Bank (home state MN) approved 83 SBA 7(a) loans to buy existing businesses since FY2018, totaling $63.4M. The median loan was $581,500. It ranks number 112 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 $200,000 and $1,125,950. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Minnesota is the largest state (54% of loans). Loans appear in only 14 states, which points to a regional lender.
- Industry concentration. Couriers and Express Delivery Services is 40% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 289 SBA 7(a) loans of any purpose since FY2020, totaling $193M. 71% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 2% 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.
Falcon National Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $711K | $355,350 | |
| FY2019 | 2 | $464K | $231,850 | |
| FY2020 | 6 | $6.5M | $725,800 | |
| FY2021 | 8 | $6.6M | $708,000 | |
| FY2022 | 2 | $3.6M | $1,795,000 | |
| FY2023 | 6 | $4.9M | $722,000 | |
| FY2024 | 23 | $11.5M | $500,000 | |
| FY2025 | 18 | $11.7M | $501,200 | |
| FY2026 | 16 | $17.4M | $1,074,800 |
How often do these acquisition loans fail?
Fewer than 20 Falcon National 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 45 | 54.2% | $30.7M | |
| 2 | Pennsylvania | 15 | 18.1% | $13.8M | |
| 3 | Texas | 9 | 10.8% | $6M | |
| 4 | Georgia | 2 | 2.4% | $2.3M | |
| 5 | Wisconsin | 2 | 2.4% | $1.2M | |
| 6 | Massachusetts | 2 | 2.4% | $870K | |
| 7 | Arizona | 1 | 1.2% | $1.9M | |
| 8 | Oklahoma | 1 | 1.2% | $1.4M | |
| 9 | Utah | 1 | 1.2% | $1.2M | |
| 10 | California | 1 | 1.2% | $1.1M | |
| 11 | Missouri | 1 | 1.2% | $1M | |
| 12 | New Hampshire | 1 | 1.2% | $944K | |
| 13 | Delaware | 1 | 1.2% | $500K | |
| 14 | Kentucky | 1 | 1.2% | $486K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Couriers and Express Delivery Services | 33 | 39.8% | $30.5M | |
| 2 | Beer, Wine, and Liquor Retailers | 7 | 8.4% | $3.4M | |
| 3 | Full-Service Restaurants | 4 | 4.8% | $2.7M | |
| 4 | Landscaping Services | 4 | 4.8% | $2.4M | |
| 5 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 3.6% | $2.8M | |
| 6 | General Freight Trucking, Local | 3 | 3.6% | $2.3M | |
| 7 | All Other Specialty Trade Contractors | 3 | 3.6% | $888K | |
| 8 | Other Building Material Dealers | 2 | 2.4% | $1.4M | |
| 9 | General Freight Trucking, Long-Distance, Truckload | 2 | 2.4% | $1.2M | |
| 10 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers | 2 | 2.4% | $651K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hardware Hank | 1 | 1.2% | $100K | |
| 2 | Subway | 1 | 1.2% | $85K |
Questions buyers ask
Does Falcon National Bank make SBA acquisition loans?
Yes. Falcon National Bank approved 83 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 112 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 Falcon National Bank's acquisition loans?
The median was $581,500, with the middle half between $200,000 and $1,125,950. The national median is $645,250, so this lender's typical loan is 10% lower than the national figure.
Which states does Falcon National Bank lend in?
Minnesota (45), Pennsylvania (15), Texas (9), Georgia (2), Wisconsin (2), Massachusetts (2). Its loans appear in 14 states, so it is closer to a regional lender.
Which industries does Falcon National Bank finance?
Couriers and Express Delivery Services (33), Beer, Wine, and Liquor Retailers (7), Full-Service Restaurants (4), Landscaping Services (4), Plumbing, Heating, and Air-Conditioning Contractors (3). The top industry is 40% of its acquisition loans.
How have Falcon National 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
- Minnesota acquisitions
- Pennsylvania acquisitions
- Texas acquisitions
- Couriers and Express Delivery Services
- Beer, Wine, and Liquor Retailers
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Falcon National Bank.