First United Bank and Trust Company: SBA business acquisition lending record
First United Bank and Trust Company (home state OK) approved 49 SBA 7(a) loans to buy existing businesses since FY2018, totaling $43M. The median loan was $678,000. It ranks number 179 of 280 lenders by count and made 0.1% 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 $431,000 and $1,138,900. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (61% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 201 SBA 7(a) loans of any purpose since FY2020, totaling $183M. 90% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 16% 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.
First United Bank and Trust Company acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.2M | $601,500 | |
| FY2019 | 2 | $1.3M | $635,000 | |
| FY2020 | 4 | $3.5M | $446,500 | |
| FY2021 | 6 | $4.2M | $603,900 | |
| FY2022 | 11 | $8.4M | $765,000 | |
| FY2023 | 5 | $3.6M | $478,100 | |
| FY2024 | 7 | $9.2M | $1,156,100 | |
| FY2025 | 9 | $8.8M | $644,400 | |
| FY2026 | 3 | $2.8M | $973,100 |
How often do these acquisition loans fail?
Fewer than 20 First United Bank and Trust Company 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.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 8.2% | $1.4M | |
| 2 | Limited-Service Restaurants | 3 | 6.1% | $5.5M | |
| 3 | General Automotive Repair | 3 | 6.1% | $3M | |
| 4 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 2 | 4.1% | $1.7M | |
| 5 | Offices of Certified Public Accountants | 2 | 4.1% | $1.6M | |
| 6 | All Other Personal Services | 2 | 4.1% | $1.3M | |
| 7 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | 2.0% | $3.5M | |
| 8 | All Other Business Support Services | 1 | 2.0% | $2.3M | |
| 9 | Other Building Material Dealers | 1 | 2.0% | $1.6M | |
| 10 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | 2.0% | $1.4M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | SEI Fuel Services | 1 | 2.0% | $1.1M | |
| 2 | Ace Hardware | 1 | 2.0% | $923K | |
| 3 | Image360 | 1 | 2.0% | $900K | |
| 4 | Five Star Painting | 1 | 2.0% | $678K | |
| 5 | Subway | 1 | 2.0% | $600K | |
| 6 | Baskin-Robbins | 1 | 2.0% | $240K |
Questions buyers ask
Does First United Bank and Trust Company make SBA acquisition loans?
Yes. First United Bank and Trust Company approved 49 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 179 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 United Bank and Trust Company's acquisition loans?
The median was $678,000, with the middle half between $431,000 and $1,138,900. The national median is $645,250, so this lender's typical loan is 5% higher than the national figure.
Which states does First United Bank and Trust Company lend in?
Texas (30), Oklahoma (18), Tennessee (1). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does First United Bank and Trust Company finance?
Full-Service Restaurants (4), Limited-Service Restaurants (3), General Automotive Repair (3), Offices of Physical, Occupational and Speech Therapists, and Audiologists (2), Offices of Certified Public Accountants (2). The top industry is 8% of its acquisition loans.
How have First United Bank and Trust Company'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
- Texas acquisitions
- Oklahoma acquisitions
- Tennessee acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by First United Bank and Trust Company.