Gesa CU: SBA business acquisition lending record
Gesa CU (home state WA) approved 104 SBA 7(a) loans to buy existing businesses since FY2018, totaling $85M. The median loan was $600,250. It ranks number 95 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 $305,600 and $1,200,200. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Washington is the largest state (88% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Limited-Service Restaurants is 19% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 176 SBA 7(a) loans of any purpose since FY2020, totaling $119M. 94% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 3% 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.
Gesa CU acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 32 | $27.9M | $616,750 | |
| FY2024 | 29 | $27.5M | $798,000 | |
| FY2025 | 23 | $13.5M | $563,300 | |
| FY2026 | 20 | $16.2M | $643,200 |
How often do these acquisition loans fail?
Fewer than 20 Gesa CU 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.
The purchase agreement decides what you bought, not the loan approval.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 91 | 87.5% | $73.2M | |
| 2 | Oregon | 12 | 11.5% | $10.9M | |
| 3 | Idaho | 1 | 1.0% | $872K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 20 | 19.2% | $10.7M | |
| 2 | Assisted Living Facilities for the Elderly | 13 | 12.5% | $13.9M | |
| 3 | Full-Service Restaurants | 13 | 12.5% | $9M | |
| 4 | Convenience Retailers | 6 | 5.8% | $7.7M | |
| 5 | Other Residential Care Facilities | 5 | 4.8% | $7.7M | |
| 6 | Gasoline Stations with Convenience Stores | 4 | 3.8% | $4.5M | |
| 7 | General Automotive Repair | 3 | 2.9% | $3.7M | |
| 8 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | 2.9% | $2.6M | |
| 9 | All Other Specialty Trade Contractors | 3 | 2.9% | $1.2M | |
| 10 | Beer, Wine, and Liquor Retailers | 2 | 1.9% | $1.8M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | S.A.S. Petroleum | 2 | 1.9% | $2.4M | |
| 2 | Once Upon A Child | 1 | 1.0% | $377K |
Questions buyers ask
Does Gesa CU make SBA acquisition loans?
Yes. Gesa CU approved 104 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 95 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 Gesa CU's acquisition loans?
The median was $600,250, with the middle half between $305,600 and $1,200,200. The national median is $645,250, so this lender's typical loan is 7% lower than the national figure.
Which states does Gesa CU lend in?
Washington (91), Oregon (12), Idaho (1). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does Gesa CU finance?
Limited-Service Restaurants (20), Assisted Living Facilities for the Elderly (13), Full-Service Restaurants (13), Convenience Retailers (6), Other Residential Care Facilities (5). The top industry is 19% of its acquisition loans.
How have Gesa CU'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.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- Washington acquisitions
- Oregon acquisitions
- Idaho acquisitions
- Limited-Service Restaurants
- Assisted Living Facilities for the Elderly
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Gesa CU.