First National Bank of Omaha: SBA business acquisition lending record
First National Bank of Omaha (home state NE) approved 57 SBA 7(a) loans to buy existing businesses since FY2018, totaling $37.1M. The median loan was $405,000. It ranks number 155 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 $157,200 and $789,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Nebraska is the largest state (37% of loans). Loans appear in only 8 states, which points to a regional lender.
- Industry concentration. Glass and Glazing Contractors is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 295 SBA 7(a) loans of any purpose since FY2020, totaling $106M. 70% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 14% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2019 to FY2021: none charged off, against the 3.5% national average.
First National Bank of Omaha acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 13 | $6.1M | $414,400 | |
| FY2020 | 10 | $9.8M | $790,000 | |
| FY2021 | 12 | $6.2M | $303,750 | |
| FY2022 | 3 | $6.1M | $1,650,000 | |
| FY2023 | 2 | $380K | $190,000 | |
| FY2024 | 10 | $6.6M | $452,500 | |
| FY2025 | 4 | $913K | $200,000 | |
| FY2026 | 3 | $929K | $328,500 |
How often do these acquisition loans fail?
Of the 35 First National Bank of Omaha acquisition loans approved from FY2019 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 25 have already been paid in full.
For comparison, First National Bank of Omaha has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the FY2018 to FY2021 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.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Glass and Glazing Contractors | 4 | 7.0% | $4M | |
| 2 | Limited-Service Restaurants | 4 | 7.0% | $2.3M | |
| 3 | General Freight Trucking, Local | 3 | 5.3% | $2.8M | |
| 4 | Residential Remodelers | 2 | 3.5% | $4.5M | |
| 5 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | 3.5% | $3.1M | |
| 6 | Offices of Dentists | 2 | 3.5% | $999K | |
| 7 | Other Waste Collection | 2 | 3.5% | $975K | |
| 8 | Sign Manufacturing | 2 | 3.5% | $615K | |
| 9 | All Other Miscellaneous Manufacturing | 2 | 3.5% | $600K |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Massage Heights | 1 | 1.8% | $1.1M | |
| 2 | Marco's Pizza | 1 | 1.8% | $918K | |
| 3 | Jimmy John's | 1 | 1.8% | $780K | |
| 4 | Play It Again Sports | 1 | 1.8% | $600K | |
| 5 | The Goddard School | 1 | 1.8% | $450K |
Questions buyers ask
Does First National Bank of Omaha make SBA acquisition loans?
Yes. First National Bank of Omaha approved 57 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 155 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 First National Bank of Omaha's acquisition loans?
The median was $405,000, with the middle half between $157,200 and $789,000. The national median is $645,250, so this lender's typical loan is 37% lower than the national figure.
Which states does First National Bank of Omaha lend in?
Nebraska (21), Colorado (14), Illinois (7), Missouri (7), Kansas (4), South Dakota (2). Its loans appear in 8 states, so it is closer to a regional lender.
Which industries does First National Bank of Omaha finance?
Glass and Glazing Contractors (4), Limited-Service Restaurants (4), General Freight Trucking, Local (3), Residential Remodelers (2), Plumbing, Heating, and Air-Conditioning Contractors (2). The top industry is 7% of its acquisition loans.
How have First National Bank of Omaha's acquisition loans performed?
Of 35 loans approved FY2019 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Nebraska acquisitions
- Colorado acquisitions
- Illinois acquisitions
- Glass and Glazing Contractors
- Limited-Service Restaurants
- General Freight Trucking, Local
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by First National Bank of Omaha.