Harvest Small Business Finance, LLC: SBA business acquisition lending record
Harvest Small Business Finance, LLC (home state CA) approved 41 SBA 7(a) loans to buy existing businesses since FY2018, totaling $62.7M. The median loan was $1,150,000. It ranks number 196 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $656,000 and $2,167,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (15% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 32% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 2,166 SBA 7(a) loans of any purpose since FY2020, totaling $2.3B. 95% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 24% 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.
Harvest Small Business Finance, LLC acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $8.6M | $3,750,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $360K | $360,000 | |
| FY2024 | 5 | $5.2M | $1,150,000 | |
| FY2025 | 10 | $19.8M | $1,666,400 | |
| FY2026 | 22 | $28.7M | $940,500 |
How often do these acquisition loans fail?
Fewer than 20 Harvest Small Business Finance, LLC 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.
Request Engagement AssessmentAll 50 states. Free consultation.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 6 | 14.6% | $6.4M | |
| 2 | Florida | 4 | 9.8% | $5.6M | |
| 3 | Texas | 3 | 7.3% | $5.6M | |
| 4 | Maryland | 3 | 7.3% | $4.3M | |
| 5 | North Carolina | 3 | 7.3% | $3.1M | |
| 6 | New York | 2 | 4.9% | $5.7M | |
| 7 | South Carolina | 2 | 4.9% | $3.3M | |
| 8 | Georgia | 2 | 4.9% | $2.1M | |
| 9 | Indiana | 2 | 4.9% | $1.5M | |
| 10 | Alabama | 2 | 4.9% | $1.2M | |
| 11 | Missouri | 1 | 2.4% | $4.9M | |
| 12 | Ohio | 1 | 2.4% | $4.2M | |
| 13 | Illinois | 1 | 2.4% | $3.5M | |
| 14 | Kentucky | 1 | 2.4% | $2.7M | |
| 15 | Colorado | 1 | 2.4% | $2.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 13 | 31.7% | $30.7M | |
| 2 | Gasoline Stations with Convenience Stores | 4 | 9.8% | $6.6M | |
| 3 | Assisted Living Facilities for the Elderly | 3 | 7.3% | $2.8M | |
| 4 | Full-Service Restaurants | 3 | 7.3% | $1.8M | |
| 5 | Lessors of Miniwarehouses and Self-Storage Units | 2 | 4.9% | $2.5M | |
| 6 | All Other Traveler Accommodation | 2 | 4.9% | $1.8M | |
| 7 | General Automotive Repair | 2 | 4.9% | $870K | |
| 8 | Other Building Material Dealers | 1 | 2.4% | $3.5M | |
| 9 | Caterers | 1 | 2.4% | $2.5M | |
| 10 | Car Washes | 1 | 2.4% | $2.2M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Baymont | 2 | 4.9% | $3.3M | |
| 2 | Hawthorn | 1 | 2.4% | $3.8M | |
| 3 | Comfort Suites | 1 | 2.4% | $3.2M | |
| 4 | Microtel Inn & Suites | 1 | 2.4% | $2.6M | |
| 5 | Camp Bow Wow | 1 | 2.4% | $1.6M |
Questions buyers ask
Does Harvest Small Business Finance, LLC make SBA acquisition loans?
Yes. Harvest Small Business Finance, LLC approved 41 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 196 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 Harvest Small Business Finance, LLC's acquisition loans?
The median was $1,150,000, with the middle half between $656,000 and $2,167,000. The national median is $645,250, so this lender's typical loan is 78% higher than the national figure.
Which states does Harvest Small Business Finance, LLC lend in?
California (6), Florida (4), Texas (3), Maryland (3), North Carolina (3), New York (2). Its loans span at least 15 states.
Which industries does Harvest Small Business Finance, LLC finance?
Hotels (except Casino Hotels) and Motels (13), Gasoline Stations with Convenience Stores (4), Assisted Living Facilities for the Elderly (3), Full-Service Restaurants (3), Lessors of Miniwarehouses and Self-Storage Units (2). The top industry is 32% of its acquisition loans.
How have Harvest Small Business Finance, LLC'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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- California acquisitions
- Florida acquisitions
- Texas acquisitions
- Hotels (except Casino Hotels) and Motels
- Gasoline Stations with Convenience Stores
- Assisted Living Facilities for the Elderly
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Harvest Small Business Finance, LLC.