Glacier Bank: SBA business acquisition lending record
Glacier Bank (home state MT) approved 181 SBA 7(a) loans to buy existing businesses since FY2018, totaling $122M. The median loan was $392,000. It ranks number 53 of 280 lenders by count and made 0.4% 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 $204,800 and $740,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Idaho is the largest state (39% of loans). Loans appear in only 10 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 703 SBA 7(a) loans of any purpose since FY2020, totaling $353M. 75% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 0.9% charged off, 73% lower than the 3.5% national average.
Glacier Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 24 | $6.9M | $208,350 | |
| FY2019 | 22 | $13M | $236,500 | |
| FY2020 | 27 | $14M | $320,000 | |
| FY2021 | 33 | $23.5M | $437,900 | |
| FY2022 | 23 | $23.1M | $475,000 | |
| FY2023 | 13 | $12.4M | $675,000 | |
| FY2024 | 21 | $17.9M | $500,000 | |
| FY2025 | 15 | $9.7M | $300,000 | |
| FY2026 | 3 | $1.4M | $427,800 |
How often do these acquisition loans fail?
Of the 106 Glacier Bank 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 0.9% by loan count and 0.4% by dollars. 59 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 Glacier Bank is 73% lower 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 | Idaho | 70 | 38.7% | $52.7M | |
| 2 | Montana | 40 | 22.1% | $17.6M | |
| 3 | Washington | 16 | 8.8% | $14.3M | |
| 4 | Texas | 15 | 8.3% | $14.7M | |
| 5 | Colorado | 11 | 6.1% | $6.2M | |
| 6 | Utah | 10 | 5.5% | $7.6M | |
| 7 | Wyoming | 9 | 5.0% | $4.2M | |
| 8 | Arizona | 6 | 3.3% | $3.2M | |
| 9 | Nevada | 3 | 1.7% | $875K | |
| 10 | California | 1 | 0.6% | $445K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 13 | 7.2% | $11.7M | |
| 2 | Electrical Contractors and Other Wiring Installation Contractors | 7 | 3.9% | $5.2M | |
| 3 | Limited-Service Restaurants | 7 | 3.9% | $1.9M | |
| 4 | Commercial Printing (except Screen and Books) | 6 | 3.3% | $1.7M | |
| 5 | Offices of Dentists | 4 | 2.2% | $1.7M | |
| 6 | Janitorial Services | 4 | 2.2% | $1.6M | |
| 7 | General Automotive Repair | 4 | 2.2% | $1.4M | |
| 8 | Home Health Care Services | 3 | 1.7% | $3.3M | |
| 9 | Other Building Material Dealers | 3 | 1.7% | $2.1M | |
| 10 | Offices of Optometrists | 3 | 1.7% | $2.1M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | ServiceMaster | 2 | 1.1% | $872K | |
| 2 | Signs by Tomorrow | 2 | 1.1% | $431K | |
| 3 | Pearle Vision | 1 | 0.6% | $564K | |
| 4 | Little Caesars | 1 | 0.6% | $558K | |
| 5 | Papa Murphy's Take 'N' Bake Pizza | 1 | 0.6% | $541K | |
| 6 | Plato's Closet | 1 | 0.6% | $450K | |
| 7 | Allegra | 1 | 0.6% | $279K | |
| 8 | Minuteman Press | 1 | 0.6% | $275K | |
| 9 | CertaPro Painters | 1 | 0.6% | $230K | |
| 10 | Baskin-Robbins | 1 | 0.6% | $178K |
Questions buyers ask
Does Glacier Bank make SBA acquisition loans?
Yes. Glacier Bank approved 181 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 53 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 Glacier Bank's acquisition loans?
The median was $392,000, with the middle half between $204,800 and $740,000. The national median is $645,250, so this lender's typical loan is 39% lower than the national figure.
Which states does Glacier Bank lend in?
Idaho (70), Montana (40), Washington (16), Texas (15), Colorado (11), Utah (10). Its loans appear in 10 states, so it is closer to a regional lender.
Which industries does Glacier Bank finance?
Full-Service Restaurants (13), Electrical Contractors and Other Wiring Installation Contractors (7), Limited-Service Restaurants (7), Commercial Printing (except Screen and Books) (6), Offices of Dentists (4). The top industry is 7% of its acquisition loans.
How have Glacier Bank's acquisition loans performed?
Of 106 loans approved FY2018 to FY2021: 0.9% charged off, 73% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Idaho acquisitions
- Montana acquisitions
- Washington acquisitions
- Full-Service Restaurants
- Electrical Contractors and Other Wiring Installation Contractors
- Limited-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Glacier Bank.