Idaho Central CU: SBA business acquisition lending record
Idaho Central CU (home state ID) approved 77 SBA 7(a) loans to buy existing businesses since FY2018, totaling $67M. The median loan was $600,000. It ranks number 127 of 280 lenders by count and made 0.2% 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 $290,800 and $1,235,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Idaho is the largest state (94% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Plumbing, Heating, and Air-Conditioning Contractors is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 348 SBA 7(a) loans of any purpose since FY2020, totaling $216M. 78% 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.
Idaho Central CU acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $600K | $600,000 | |
| FY2020 | 2 | $193K | $96,500 | |
| FY2021 | 10 | $10.8M | $857,500 | |
| FY2022 | 20 | $20.1M | $623,000 | |
| FY2023 | 11 | $6.8M | $450,000 | |
| FY2024 | 18 | $19.9M | $677,500 | |
| FY2025 | 9 | $4.5M | $320,000 | |
| FY2026 | 6 | $4.2M | $429,500 |
How often do these acquisition loans fail?
Fewer than 20 Idaho Central CU 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 | Idaho | 72 | 93.5% | $63.1M | |
| 2 | Washington | 5 | 6.5% | $3.9M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | 5.2% | $1.7M | |
| 2 | Wood Kitchen Cabinet and Countertop Manufacturing | 3 | 3.9% | $4.6M | |
| 3 | General Automotive Repair | 3 | 3.9% | $4.4M | |
| 4 | Beauty Salons | 3 | 3.9% | $2.2M | |
| 5 | Full-Service Restaurants | 3 | 3.9% | $1.5M | |
| 6 | Water Supply and Irrigation Systems | 2 | 2.6% | $5M | |
| 7 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | 2.6% | $3.2M | |
| 8 | Masonry Contractors | 2 | 2.6% | $2.6M | |
| 9 | Other Building Equipment Contractors | 2 | 2.6% | $2.4M | |
| 10 | Child Care Services | 2 | 2.6% | $1.9M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Radiant Waxing | 2 | 2.6% | $1.9M | |
| 2 | Crumbl | 1 | 1.3% | $1.8M | |
| 3 | Wetzel's Pretzels | 1 | 1.3% | $1.3M | |
| 4 | The UPS Store | 1 | 1.3% | $874K | |
| 5 | Great Harvest | 1 | 1.3% | $779K | |
| 6 | Aussie Pet Mobile | 1 | 1.3% | $232K |
Questions buyers ask
Does Idaho Central CU make SBA acquisition loans?
Yes. Idaho Central CU approved 77 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 127 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 Idaho Central CU's acquisition loans?
The median was $600,000, with the middle half between $290,800 and $1,235,000. The national median is $645,250, so this lender's typical loan is 7% lower than the national figure.
Which states does Idaho Central CU lend in?
Idaho (72), Washington (5). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does Idaho Central CU finance?
Plumbing, Heating, and Air-Conditioning Contractors (4), Wood Kitchen Cabinet and Countertop Manufacturing (3), General Automotive Repair (3), Beauty Salons (3), Full-Service Restaurants (3). The top industry is 5% of its acquisition loans.
How have Idaho Central CU'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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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Idaho acquisitions
- Washington acquisitions
- Plumbing, Heating, and Air-Conditioning Contractors
- Wood Kitchen Cabinet and Countertop Manufacturing
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Idaho Central CU.