Five Star Bank: SBA business acquisition lending record
Five Star Bank (home state NY) approved 31 SBA 7(a) loans to buy existing businesses since FY2018, totaling $9.1M. The median loan was $180,000. It ranks number 244 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 $62,500 and $344,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. New York is the largest state (100% of loans). Loans appear in only 1 states, which points to a regional lender.
- Industry concentration. Outdoor Power Equipment Retailers is 10% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 1,372 SBA 7(a) loans of any purpose since FY2020, totaling $352M. 26% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 6% 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.
Five Star Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $545K | $272,500 | |
| FY2021 | 1 | $180K | $180,000 | |
| FY2022 | 8 | $2.9M | $159,350 | |
| FY2023 | 5 | $609K | $30,000 | |
| FY2024 | 9 | $3.1M | $100,000 | |
| FY2025 | 3 | $1.2M | $234,000 | |
| FY2026 | 3 | $538K | $200,000 |
How often do these acquisition loans fail?
Fewer than 20 Five Star 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 31 | 100.0% | $9.1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Outdoor Power Equipment Retailers | 3 | 9.7% | $545K | |
| 2 | Beer, Wine, and Liquor Retailers | 2 | 6.5% | $1.3M | |
| 3 | Drywall and Insulation Contractors | 2 | 6.5% | $545K | |
| 4 | General Automotive Repair | 2 | 6.5% | $500K | |
| 5 | Sewing, Needlework, and Piece Goods Retailers | 2 | 6.5% | $232K | |
| 6 | Convenience Retailers | 2 | 6.5% | $62K | |
| 7 | Employment Placement Agencies | 1 | 3.2% | $1.7M | |
| 8 | Insurance Agencies and Brokerages | 1 | 3.2% | $736K | |
| 9 | Sporting Goods Retailers | 1 | 3.2% | $495K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Play It Again Sports | 1 | 3.2% | $495K |
Questions buyers ask
Does Five Star Bank make SBA acquisition loans?
Yes. Five Star Bank approved 31 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 244 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 Five Star Bank's acquisition loans?
The median was $180,000, with the middle half between $62,500 and $344,500. The national median is $645,250, so this lender's typical loan is 72% lower than the national figure.
Which states does Five Star Bank lend in?
New York (31). Its loans appear in 1 states, so it is closer to a regional lender.
Which industries does Five Star Bank finance?
Outdoor Power Equipment Retailers (3), Beer, Wine, and Liquor Retailers (2), Drywall and Insulation Contractors (2), General Automotive Repair (2), Sewing, Needlework, and Piece Goods Retailers (2). The top industry is 10% of its acquisition loans.
How have Five Star 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
- New York acquisitions
- Outdoor Power Equipment Retailers
- Beer, Wine, and Liquor Retailers
- Drywall and Insulation Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Five Star Bank.