JPMorgan Chase Bank, National Association: SBA business acquisition lending record
JPMorgan Chase Bank, National Association (home state OH) approved 40 SBA 7(a) loans to buy existing businesses since FY2018, totaling $30.5M. The median loan was $400,000. It ranks number 204 of 280 lenders by count and made 0.1% 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 $229,625 and $939,900. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (23% of loans). Loans appear in only 14 states, which points to a regional lender.
- Industry concentration. Offices of Dentists is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 8,460 SBA 7(a) loans of any purpose since FY2020, totaling $2.2B. 70% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 8% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 8.0% charged off, 127% higher than the 3.5% national average.
JPMorgan Chase Bank, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 16 | $14M | $396,000 | |
| FY2019 | 2 | $1.2M | $576,600 | |
| FY2020 | 5 | $2.2M | $322,300 | |
| FY2021 | 2 | $350K | $175,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $189K | $188,800 | |
| FY2024 | 5 | $2.2M | $380,000 | |
| FY2025 | 2 | $1.3M | $643,750 | |
| FY2026 | 7 | $9.1M | $1,027,000 |
How often do these acquisition loans fail?
Of the 25 JPMorgan Chase Bank, National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 8.0% by loan count and 12.0% by dollars. 13 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 JPMorgan Chase Bank, National Association is 127% higher 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 9 | 22.5% | $5.2M | |
| 2 | Illinois | 5 | 12.5% | $3.5M | |
| 3 | Colorado | 4 | 10.0% | $3.3M | |
| 4 | Florida | 4 | 10.0% | $871K | |
| 5 | Michigan | 3 | 7.5% | $5.5M | |
| 6 | Texas | 3 | 7.5% | $2.2M | |
| 7 | Arizona | 3 | 7.5% | $1.8M | |
| 8 | Utah | 2 | 5.0% | $2.6M | |
| 9 | Oregon | 2 | 5.0% | $466K | |
| 10 | Ohio | 1 | 2.5% | $2.3M | |
| 11 | New York | 1 | 2.5% | $2.1M | |
| 12 | Indiana | 1 | 2.5% | $380K | |
| 13 | Missouri | 1 | 2.5% | $250K | |
| 14 | Washington | 1 | 2.5% | $14K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Offices of Dentists | 3 | 7.5% | $549K | |
| 2 | Pharmacies and Drug Retailers | 2 | 5.0% | $1.4M | |
| 3 | Full-Service Restaurants | 2 | 5.0% | $816K | |
| 4 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | 5.0% | $714K | |
| 5 | Other Industrial Machinery Manufacturing | 1 | 2.5% | $4.9M | |
| 6 | Site Preparation Contractors | 1 | 2.5% | $2.4M | |
| 7 | Offices of Certified Public Accountants | 1 | 2.5% | $2.3M | |
| 8 | Other Electronic Parts and Equipment Merchant Wholesalers | 1 | 2.5% | $2.1M | |
| 9 | Baked Goods Retailers | 1 | 2.5% | $1.4M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Paris Baguette | 1 | 2.5% | $1.4M | |
| 2 | Cold Stone Creamery | 1 | 2.5% | $788K |
Questions buyers ask
Does JPMorgan Chase Bank, National Association make SBA acquisition loans?
Yes. JPMorgan Chase Bank, National Association approved 40 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 204 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 JPMorgan Chase Bank, National Association's acquisition loans?
The median was $400,000, with the middle half between $229,625 and $939,900. The national median is $645,250, so this lender's typical loan is 38% lower than the national figure.
Which states does JPMorgan Chase Bank, National Association lend in?
California (9), Illinois (5), Colorado (4), Florida (4), Michigan (3), Texas (3). Its loans appear in 14 states, so it is closer to a regional lender.
Which industries does JPMorgan Chase Bank, National Association finance?
Offices of Dentists (3), Pharmacies and Drug Retailers (2), Full-Service Restaurants (2), Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (2), Other Industrial Machinery Manufacturing (1). The top industry is 8% of its acquisition loans.
How have JPMorgan Chase Bank, National Association's acquisition loans performed?
Of 25 loans approved FY2018 to FY2021: 8.0% charged off, 127% higher 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
- California acquisitions
- Illinois acquisitions
- Colorado acquisitions
- Offices of Dentists
- Pharmacies and Drug Retailers
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by JPMorgan Chase Bank, National Association.