Gulf Coast Bank and Trust Company: SBA business acquisition lending record
Gulf Coast Bank and Trust Company (home state LA) approved 211 SBA 7(a) loans to buy existing businesses since FY2018, totaling $216M. The median loan was $738,000. It ranks number 42 of 280 lenders by count and made 0.4% of all SBA acquisition loans nationally.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $469,450 and $1,247,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (21% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 690 SBA 7(a) loans of any purpose since FY2020, totaling $625M. 93% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 21% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 1.1% charged off, 68% lower than the 3.5% national average.
Gulf Coast Bank and Trust Company acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $9.1M | $675,200 | |
| FY2019 | 19 | $11.5M | $600,000 | |
| FY2020 | 33 | $25.6M | $627,000 | |
| FY2021 | 27 | $25.2M | $582,000 | |
| FY2022 | 12 | $12.9M | $733,500 | |
| FY2023 | 15 | $9.9M | $597,600 | |
| FY2024 | 36 | $42.1M | $856,500 | |
| FY2025 | 28 | $40.5M | $1,062,950 | |
| FY2026 | 32 | $39.5M | $1,057,700 |
How often do these acquisition loans fail?
Of the 88 Gulf Coast Bank and Trust 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 1.1% by loan count and 0.1% by dollars. 37 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 Gulf Coast Bank and Trust Company is 68% 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 45 | 21.3% | $46.7M | |
| 2 | Texas | 33 | 15.6% | $38.2M | |
| 3 | California | 21 | 10.0% | $26.9M | |
| 4 | Louisiana | 11 | 5.2% | $12.2M | |
| 5 | North Carolina | 11 | 5.2% | $9.4M | |
| 6 | Utah | 8 | 3.8% | $10.5M | |
| 7 | Arizona | 8 | 3.8% | $7.8M | |
| 8 | Oregon | 7 | 3.3% | $4.2M | |
| 9 | Ohio | 7 | 3.3% | $4.2M | |
| 10 | Maryland | 6 | 2.8% | $6.1M | |
| 11 | Colorado | 6 | 2.8% | $4.6M | |
| 12 | Virginia | 6 | 2.8% | $3.7M | |
| 13 | Nevada | 5 | 2.4% | $6.6M | |
| 14 | Pennsylvania | 5 | 2.4% | $5.2M | |
| 15 | Washington | 4 | 1.9% | $5.3M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 19 | 9.0% | $13.2M | |
| 2 | Limited-Service Restaurants | 15 | 7.1% | $12.1M | |
| 3 | Child Care Services | 12 | 5.7% | $7.5M | |
| 4 | Landscaping Services | 11 | 5.2% | $14.5M | |
| 5 | Offices of Chiropractors | 7 | 3.3% | $2.7M | |
| 6 | Assisted Living Facilities for the Elderly | 5 | 2.4% | $8.4M | |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 5 | 2.4% | $4.1M | |
| 8 | Sign Manufacturing | 4 | 1.9% | $3.3M | |
| 9 | Electrical Contractors and Other Wiring Installation Contractors | 3 | 1.4% | $5.7M | |
| 10 | All Other Personal Services | 3 | 1.4% | $4.1M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Firehouse Subs | 3 | 1.4% | $1.4M | |
| 2 | The UPS Store | 3 | 1.4% | $760K | |
| 3 | Stretch Lab | 2 | 0.9% | $1.9M | |
| 4 | Dickey's Barbecue Pit | 2 | 0.9% | $925K | |
| 5 | Jimmy John's | 2 | 0.9% | $680K | |
| 6 | Schlotzsky's | 1 | 0.5% | $4M | |
| 7 | NAPA AutoCare | 1 | 0.5% | $1.5M | |
| 8 | Edible Arrangements | 1 | 0.5% | $953K | |
| 9 | Kumon | 1 | 0.5% | $951K | |
| 10 | Minuteman Press | 1 | 0.5% | $846K |
Questions buyers ask
Does Gulf Coast Bank and Trust Company make SBA acquisition loans?
Yes. Gulf Coast Bank and Trust Company approved 211 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 42 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 and Trust Company's acquisition loans?
The median was $738,000, with the middle half between $469,450 and $1,247,500. The national median is $645,250, so this lender's typical loan is 14% higher than the national figure.
Which states does Gulf Coast Bank and Trust Company lend in?
Florida (45), Texas (33), California (21), Louisiana (11), North Carolina (11), Utah (8). Its loans span at least 15 states.
Which industries does Gulf Coast Bank and Trust Company finance?
Full-Service Restaurants (19), Limited-Service Restaurants (15), Child Care Services (12), Landscaping Services (11), Offices of Chiropractors (7). The top industry is 9% of its acquisition loans.
How have Gulf Coast Bank and Trust Company's acquisition loans performed?
Of 88 loans approved FY2018 to FY2021: 1.1% charged off, 68% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Florida acquisitions
- Texas acquisitions
- California acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- Child Care Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Gulf Coast Bank and Trust Company.