Gulf Coast Bank: SBA business acquisition lending record
Gulf Coast Bank (home state LA) approved 27 SBA 7(a) loans to buy existing businesses since FY2018, totaling $21.8M. The median loan was $353,000. It ranks number 268 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 $156,500 and $873,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Louisiana is the largest state (96% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 94 SBA 7(a) loans of any purpose since FY2020, totaling $57.9M. 30% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 33% 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.
Gulf Coast Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 6 | $2M | $270,750 | |
| FY2020 | 2 | $180K | $90,000 | |
| FY2021 | 7 | $4.6M | $249,500 | |
| FY2022 | 3 | $6.2M | $1,395,900 | |
| FY2023 | 2 | $663K | $331,250 | |
| FY2024 | 2 | $4.2M | $2,075,850 | |
| FY2025 | 4 | $3.3M | $618,500 | |
| FY2026 | 1 | $659K | $659,300 |
How often do these acquisition loans fail?
Fewer than 20 Gulf Coast 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 | Louisiana | 26 | 96.3% | $21.3M | |
| 2 | South Carolina | 1 | 3.7% | $449K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 2 | 7.4% | $7.2M | |
| 2 | Gasoline Stations with Convenience Stores | 2 | 7.4% | $1.4M | |
| 3 | Landscaping Services | 2 | 7.4% | $616K | |
| 4 | Full-Service Restaurants | 2 | 7.4% | $350K | |
| 5 | Fitness and Recreational Sports Centers | 2 | 7.4% | $196K | |
| 6 | Tire Dealers | 1 | 3.7% | $2.5M | |
| 7 | All Other Specialty Trade Contractors | 1 | 3.7% | $1.8M | |
| 8 | Meat Retailers | 1 | 3.7% | $1.6M | |
| 9 | Other Building Equipment Contractors | 1 | 3.7% | $1.4M | |
| 10 | Office Administrative Services | 1 | 3.7% | $965K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Candlewood Suites | 1 | 3.7% | $4.6M | |
| 2 | Sleep Inn | 1 | 3.7% | $2.7M | |
| 3 | College Hunks Hauling Junk | 1 | 3.7% | $965K | |
| 4 | Camp Bow Wow | 1 | 3.7% | $449K | |
| 5 | Baskin-Robbins | 1 | 3.7% | $269K | |
| 6 | Batteries Plus | 1 | 3.7% | $197K | |
| 7 | Anytime Fitness | 1 | 3.7% | $144K |
Questions buyers ask
Does Gulf Coast Bank make SBA acquisition loans?
Yes. Gulf Coast Bank approved 27 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 268 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 Gulf Coast Bank's acquisition loans?
The median was $353,000, with the middle half between $156,500 and $873,000. The national median is $645,250, so this lender's typical loan is 45% lower than the national figure.
Which states does Gulf Coast Bank lend in?
Louisiana (26), South Carolina (1). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does Gulf Coast Bank finance?
Hotels (except Casino Hotels) and Motels (2), Gasoline Stations with Convenience Stores (2), Landscaping Services (2), Full-Service Restaurants (2), Fitness and Recreational Sports Centers (2). The top industry is 7% of its acquisition loans.
How have Gulf Coast 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
- Louisiana acquisitions
- South Carolina acquisitions
- Hotels (except Casino Hotels) and Motels
- Gasoline Stations with Convenience Stores
- Landscaping Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Gulf Coast Bank.