Kendall Bank: SBA business acquisition lending record
Kendall Bank (home state KS) approved 36 SBA 7(a) loans to buy existing businesses since FY2018, totaling $35M. The median loan was $699,300. It ranks number 215 of 280 lenders by count and made 0.1% 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 $375,100 and $1,391,475. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Kansas is the largest state (47% of loans). Loans appear in only 5 states, which points to a regional lender.
- Industry concentration. All Other Specialty Trade Contractors is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 71 SBA 7(a) loans of any purpose since FY2020, totaling $55.3M. 72% 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. Too few of its loans are old enough to measure a charge-off rate.
Kendall Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 11 | $14.1M | $1,275,000 | |
| FY2022 | 4 | $4.6M | $687,500 | |
| FY2023 | 5 | $3.5M | $704,600 | |
| FY2024 | 8 | $6.7M | $508,050 | |
| FY2025 | 2 | $1.2M | $601,250 | |
| FY2026 | 6 | $4.8M | $630,750 |
How often do these acquisition loans fail?
Fewer than 20 Kendall 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 | All Other Specialty Trade Contractors | 3 | 8.3% | $2.5M | |
| 2 | Testing Laboratories and Services | 3 | 8.3% | $1.4M | |
| 3 | Electroplating, Plating, Polishing, Anodizing, and Coloring | 2 | 5.6% | $2.9M | |
| 4 | Couriers and Express Delivery Services | 2 | 5.6% | $1.5M | |
| 5 | Flooring Contractors | 2 | 5.6% | $824K | |
| 6 | Offices of Chiropractors | 2 | 5.6% | $507K | |
| 7 | Recreational Vehicle Dealers | 1 | 2.8% | $3M | |
| 8 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | 2.8% | $2.8M | |
| 9 | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | 1 | 2.8% | $2.2M | |
| 10 | Solid Waste Collection | 1 | 2.8% | $2.2M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Sylvan Learning Centers | 1 | 2.8% | $1.3M | |
| 2 | Miracle Method Surface Refinishing | 1 | 2.8% | $757K | |
| 3 | Hotworx | 1 | 2.8% | $247K |
Questions buyers ask
Does Kendall Bank make SBA acquisition loans?
Yes. Kendall Bank approved 36 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 215 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 Kendall Bank's acquisition loans?
The median was $699,300, with the middle half between $375,100 and $1,391,475. The national median is $645,250, so this lender's typical loan is 8% higher than the national figure.
Which states does Kendall Bank lend in?
Kansas (17), Missouri (16), Nebraska (1), Texas (1), Oklahoma (1). Its loans appear in 5 states, so it is closer to a regional lender.
Which industries does Kendall Bank finance?
All Other Specialty Trade Contractors (3), Testing Laboratories and Services (3), Electroplating, Plating, Polishing, Anodizing, and Coloring (2), Couriers and Express Delivery Services (2), Flooring Contractors (2). The top industry is 8% of its acquisition loans.
How have Kendall 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.
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Related
- Kansas acquisitions
- Missouri acquisitions
- Nebraska acquisitions
- All Other Specialty Trade Contractors
- Testing Laboratories and Services
- Electroplating, Plating, Polishing, Anodizing, and Coloring
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Kendall Bank.