FDIC - Community Bank & Trust-West Georgia: SBA business acquisition lending record
FDIC - Community Bank & Trust-West Georgia (home state GA) approved 82 SBA 7(a) loans to buy existing businesses since FY2018, totaling $133M. The median loan was $1,211,500. It ranks number 115 of 280 lenders by count and made 0.2% 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 $574,425 and $2,310,950. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (12% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Other Building Material Dealers is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 307 SBA 7(a) loans of any purpose since FY2020, totaling $487M. 62% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 7% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2019 to FY2021: 10.0% charged off, 184% higher than the 3.5% national average.
FDIC - Community Bank & Trust-West Georgia acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 5 | $5.3M | $907,200 | |
| FY2020 | 13 | $18.2M | $835,200 | |
| FY2021 | 12 | $26.6M | $2,296,900 | |
| FY2022 | 9 | $9.3M | $678,500 | |
| FY2023 | 4 | $3.2M | $508,650 | |
| FY2024 | 6 | $7.4M | $682,000 | |
| FY2025 | 24 | $45.9M | $1,395,550 | |
| FY2026 | 9 | $17.3M | $1,573,000 |
How often do these acquisition loans fail?
Of the 30 FDIC - Community Bank & Trust-West Georgia acquisition loans approved from FY2019 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 10.0% by loan count and 12.8% by dollars. 9 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the FY2018 to FY2021 cohort is 3.5%, so FDIC - Community Bank & Trust-West Georgia is 184% 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 10 | 12.2% | $15.9M | |
| 2 | California | 9 | 11.0% | $14.5M | |
| 3 | New York | 7 | 8.5% | $12.9M | |
| 4 | Massachusetts | 7 | 8.5% | $7.3M | |
| 5 | Georgia | 5 | 6.1% | $14M | |
| 6 | Michigan | 4 | 4.9% | $6.1M | |
| 7 | Tennessee | 4 | 4.9% | $5.6M | |
| 8 | Colorado | 4 | 4.9% | $3.3M | |
| 9 | Alabama | 4 | 4.9% | $3.2M | |
| 10 | Illinois | 3 | 3.7% | $3.7M | |
| 11 | Connecticut | 3 | 3.7% | $2.9M | |
| 12 | Texas | 3 | 3.7% | $1.6M | |
| 13 | New Jersey | 2 | 2.4% | $3.8M | |
| 14 | Wisconsin | 2 | 2.4% | $3M | |
| 15 | Mississippi | 2 | 2.4% | $2.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Other Building Material Dealers | 4 | 4.9% | $6.9M | |
| 2 | Landscaping Services | 4 | 4.9% | $5M | |
| 3 | Full-Service Restaurants | 4 | 4.9% | $2.9M | |
| 4 | Electronic Shopping and Mail-Order Houses | 3 | 3.7% | $11M | |
| 5 | Hotels (except Casino Hotels) and Motels | 3 | 3.7% | $8.2M | |
| 6 | Gasoline Stations with Convenience Stores | 3 | 3.7% | $5.1M | |
| 7 | General Automotive Repair | 3 | 3.7% | $869K | |
| 8 | Painting and Wall Covering Contractors | 2 | 2.4% | $4.2M | |
| 9 | Machine Shops | 2 | 2.4% | $4.1M | |
| 10 | Bowling Centers | 2 | 2.4% | $2.9M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Kampgrounds of America | 1 | 1.2% | $1.2M | |
| 2 | Anytime Fitness | 1 | 1.2% | $318K | |
| 3 | The Little Gym | 1 | 1.2% | $250K | |
| 4 | Five Star Painting | 1 | 1.2% | $236K |
Questions buyers ask
Does FDIC - Community Bank & Trust-West Georgia make SBA acquisition loans?
Yes. FDIC - Community Bank & Trust-West Georgia approved 82 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 115 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 FDIC - Community Bank & Trust-West Georgia's acquisition loans?
The median was $1,211,500, with the middle half between $574,425 and $2,310,950. The national median is $645,250, so this lender's typical loan is 88% higher than the national figure.
Which states does FDIC - Community Bank & Trust-West Georgia lend in?
Florida (10), California (9), New York (7), Massachusetts (7), Georgia (5), Michigan (4). Its loans span at least 15 states.
Which industries does FDIC - Community Bank & Trust-West Georgia finance?
Other Building Material Dealers (4), Landscaping Services (4), Full-Service Restaurants (4), Electronic Shopping and Mail-Order Houses (3), Hotels (except Casino Hotels) and Motels (3). The top industry is 5% of its acquisition loans.
How have FDIC - Community Bank & Trust-West Georgia's acquisition loans performed?
Of 30 loans approved FY2019 to FY2021: 10.0% charged off, 184% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Florida acquisitions
- California acquisitions
- New York acquisitions
- Other Building Material Dealers
- Landscaping Services
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by FDIC - Community Bank & Trust-West Georgia.