Hancock Whitney Bank: SBA business acquisition lending record
Hancock Whitney Bank (home state MS) approved 107 SBA 7(a) loans to buy existing businesses since FY2018, totaling $79.6M. The median loan was $413,600. It ranks number 92 of 280 lenders by count and made 0.2% 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 $218,500 and $905,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Louisiana is the largest state (32% of loans). Loans appear in only 6 states, which points to a regional lender.
- Industry concentration. Limited-Service Restaurants is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 569 SBA 7(a) loans of any purpose since FY2020, totaling $403M. 81% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 20% 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.
Hancock Whitney Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1000K | $499,750 | |
| FY2019 | 8 | $4.8M | $466,250 | |
| FY2020 | 2 | $1.3M | $637,950 | |
| FY2021 | 5 | $7.4M | $644,600 | |
| FY2022 | 5 | $3.7M | $340,000 | |
| FY2023 | 18 | $7.6M | $335,000 | |
| FY2024 | 17 | $12.1M | $480,000 | |
| FY2025 | 23 | $18.9M | $515,000 | |
| FY2026 | 27 | $23M | $556,200 |
How often do these acquisition loans fail?
Fewer than 20 Hancock Whitney 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.
The purchase agreement decides what you bought, not the loan approval.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Louisiana | 34 | 31.8% | $22.1M | |
| 2 | Florida | 33 | 30.8% | $27.2M | |
| 3 | Texas | 17 | 15.9% | $17.6M | |
| 4 | Mississippi | 13 | 12.1% | $5.4M | |
| 5 | Alabama | 9 | 8.4% | $7.2M | |
| 6 | Massachusetts | 1 | 0.9% | $164K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 9 | 8.4% | $2.3M | |
| 2 | Plumbing, Heating, and Air-Conditioning Contractors | 7 | 6.5% | $8.7M | |
| 3 | Full-Service Restaurants | 6 | 5.6% | $3.7M | |
| 4 | Engineering Services | 5 | 4.7% | $3.9M | |
| 5 | Clothing and Clothing Accessories Retailers | 5 | 4.7% | $2.2M | |
| 6 | Motorcycle, ATV, and All Other Motor Vehicle Dealers | 3 | 2.8% | $1.1M | |
| 7 | Beauty Salons | 3 | 2.8% | $762K | |
| 8 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | 1.9% | $2.4M | |
| 9 | Electrical Contractors and Other Wiring Installation Contractors | 2 | 1.9% | $2.3M | |
| 10 | All Other Personal Services | 2 | 1.9% | $1.1M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | ServiceMaster | 3 | 2.8% | $1.5M | |
| 2 | Little Caesars | 2 | 1.9% | $537K | |
| 3 | FASTSIGNS | 2 | 1.9% | $381K | |
| 4 | Junk King | 1 | 0.9% | $795K | |
| 5 | The UPS Store | 1 | 0.9% | $500K | |
| 6 | Huntington Learning Center | 1 | 0.9% | $320K | |
| 7 | Hoodz | 1 | 0.9% | $280K | |
| 8 | Subway | 1 | 0.9% | $195K | |
| 9 | Charleys Philly Steaks | 1 | 0.9% | $173K |
Questions buyers ask
Does Hancock Whitney Bank make SBA acquisition loans?
Yes. Hancock Whitney Bank approved 107 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 92 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 Hancock Whitney Bank's acquisition loans?
The median was $413,600, with the middle half between $218,500 and $905,000. The national median is $645,250, so this lender's typical loan is 36% lower than the national figure.
Which states does Hancock Whitney Bank lend in?
Louisiana (34), Florida (33), Texas (17), Mississippi (13), Alabama (9), Massachusetts (1). Its loans appear in 6 states, so it is closer to a regional lender.
Which industries does Hancock Whitney Bank finance?
Limited-Service Restaurants (9), Plumbing, Heating, and Air-Conditioning Contractors (7), Full-Service Restaurants (6), Engineering Services (5), Clothing and Clothing Accessories Retailers (5). The top industry is 8% of its acquisition loans.
How have Hancock Whitney 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.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Louisiana acquisitions
- Florida acquisitions
- Texas acquisitions
- Limited-Service Restaurants
- Plumbing, Heating, and Air-Conditioning Contractors
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Hancock Whitney Bank.