Horizon Bank: SBA business acquisition lending record
Horizon Bank (home state IN) approved 57 SBA 7(a) loans to buy existing businesses since FY2018, totaling $36.1M. The median loan was $354,800. It ranks number 156 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $155,300 and $800,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Michigan is the largest state (65% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Limited-Service Restaurants is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 265 SBA 7(a) loans of any purpose since FY2020, totaling $115M. 58% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 9% 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.
Horizon Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $801K | $112,000 | |
| FY2019 | 4 | $1.5M | $332,000 | |
| FY2020 | 3 | $648K | $257,500 | |
| FY2021 | 2 | $1.6M | $805,350 | |
| FY2022 | 3 | $508K | $100,000 | |
| FY2023 | 3 | $1.3M | $354,800 | |
| FY2024 | 12 | $8.3M | $569,250 | |
| FY2025 | 21 | $14.3M | $500,000 | |
| FY2026 | 6 | $7.2M | $354,500 |
How often do these acquisition loans fail?
Fewer than 20 Horizon 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
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 5 | 8.8% | $3M | |
| 2 | Full-Service Restaurants | 5 | 8.8% | $2.1M | |
| 3 | Landscaping Services | 3 | 5.3% | $1.1M | |
| 4 | Other Personal and Household Goods Repair and Maintenance | 3 | 5.3% | $763K | |
| 5 | Other Scientific and Technical Consulting Services | 2 | 3.5% | $3.9M | |
| 6 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | 3.5% | $1.7M | |
| 7 | Hardware Retailers | 2 | 3.5% | $1.6M | |
| 8 | Machine Tool Manufacturing | 2 | 3.5% | $1.5M | |
| 9 | All Other Professional, Scientific, and Technical Services | 2 | 3.5% | $1.2M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Biggby Coffee | 2 | 3.5% | $1.2M | |
| 2 | Subway | 1 | 1.8% | $1.3M |
Questions buyers ask
Does Horizon Bank make SBA acquisition loans?
Yes. Horizon Bank approved 57 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 156 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 Horizon Bank's acquisition loans?
The median was $354,800, with the middle half between $155,300 and $800,000. The national median is $645,250, so this lender's typical loan is 45% lower than the national figure.
Which states does Horizon Bank lend in?
Michigan (37), Indiana (20). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does Horizon Bank finance?
Limited-Service Restaurants (5), Full-Service Restaurants (5), Landscaping Services (3), Other Personal and Household Goods Repair and Maintenance (3), Other Scientific and Technical Consulting Services (2). The top industry is 9% of its acquisition loans.
How have Horizon 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Michigan acquisitions
- Indiana acquisitions
- Limited-Service Restaurants
- Full-Service Restaurants
- Landscaping Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Horizon Bank.