Georgia Banking Company: SBA business acquisition lending record
Georgia Banking Company (home state GA) approved 37 SBA 7(a) loans to buy existing businesses since FY2018, totaling $39.6M. The median loan was $450,500. It ranks number 211 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 $336,000 and $1,562,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Georgia is the largest state (92% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Landscaping Services is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 109 SBA 7(a) loans of any purpose since FY2020, totaling $78M. 84% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 30% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 4.5% charged off, 29% higher than the 3.5% national average.
Georgia Banking Company acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $10.1M | $2,237,000 | |
| FY2019 | 4 | $3.5M | $411,000 | |
| FY2020 | 5 | $2.7M | $300,900 | |
| FY2021 | 8 | $10.6M | $655,000 | |
| FY2022 | 7 | $7.3M | $336,000 | |
| FY2023 | 1 | $178K | $178,000 | |
| FY2024 | 2 | $2.2M | $1,116,500 | |
| FY2025 | 3 | $1.1M | $375,000 | |
| FY2026 | 2 | $1.9M | $943,750 |
How often do these acquisition loans fail?
Of the 22 Georgia Banking Company acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 4.5% by loan count and 0.5% by dollars. 9 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Georgia Banking Company is 29% 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 | Georgia | 34 | 91.9% | $35.2M | |
| 2 | North Carolina | 2 | 5.4% | $854K | |
| 3 | South Carolina | 1 | 2.7% | $3.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Landscaping Services | 2 | 5.4% | $4.6M | |
| 2 | Hotels (except Casino Hotels) and Motels | 2 | 5.4% | $2.7M | |
| 3 | Beauty Salons | 2 | 5.4% | $1.3M | |
| 4 | Electrical Contractors and Other Wiring Installation Contractors | 2 | 5.4% | $1.1M | |
| 5 | Full-Service Restaurants | 2 | 5.4% | $826K | |
| 6 | Limited-Service Restaurants | 2 | 5.4% | $407K | |
| 7 | All Other Miscellaneous Wood Product Manufacturing | 1 | 2.7% | $5M | |
| 8 | Marinas | 1 | 2.7% | $3.6M | |
| 9 | Commercial Printing (except Screen and Books) | 1 | 2.7% | $3.1M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 2 | 5.4% | $469K | |
| 2 | Pirtek | 1 | 2.7% | $2.5M | |
| 3 | Days Inn | 1 | 2.7% | $2.2M | |
| 4 | Moe's Southwest Grill | 1 | 2.7% | $451K | |
| 5 | The UPS Store | 1 | 2.7% | $325K | |
| 6 | Ace Hardware | 1 | 2.7% | $210K |
Questions buyers ask
Does Georgia Banking Company make SBA acquisition loans?
Yes. Georgia Banking Company approved 37 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 211 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 Georgia Banking Company's acquisition loans?
The median was $450,500, with the middle half between $336,000 and $1,562,500. The national median is $645,250, so this lender's typical loan is 30% lower than the national figure.
Which states does Georgia Banking Company lend in?
Georgia (34), North Carolina (2), South Carolina (1). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does Georgia Banking Company finance?
Landscaping Services (2), Hotels (except Casino Hotels) and Motels (2), Beauty Salons (2), Electrical Contractors and Other Wiring Installation Contractors (2), Full-Service Restaurants (2). The top industry is 5% of its acquisition loans.
How have Georgia Banking Company's acquisition loans performed?
Of 22 loans approved FY2018 to FY2021: 4.5% charged off, 29% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- Georgia acquisitions
- North Carolina acquisitions
- South Carolina acquisitions
- Landscaping Services
- Hotels (except Casino Hotels) and Motels
- Beauty Salons
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Georgia Banking Company.