Kennebunk Savings Bank: SBA business acquisition lending record
Kennebunk Savings Bank (home state ME) approved 28 SBA 7(a) loans to buy existing businesses since FY2018, totaling $7.2M. The median loan was $167,500. It ranks number 264 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.
Request Engagement AssessmentFree consultation. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $89,625 and $273,300. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Maine is the largest state (54% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 25% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 102 SBA 7(a) loans of any purpose since FY2020, totaling $25M. 32% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 4% 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.
Kennebunk Savings Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $399K | $199,450 | |
| FY2019 | 2 | $215K | $107,500 | |
| FY2020 | 2 | $209K | $104,250 | |
| FY2021 | 1 | $1M | $1,033,900 | |
| FY2022 | 4 | $2.1M | $582,750 | |
| FY2023 | 1 | $170K | $170,000 | |
| FY2024 | 6 | $1.6M | $199,000 | |
| FY2025 | 5 | $930K | $215,000 | |
| FY2026 | 5 | $522K | $125,000 |
How often do these acquisition loans fail?
Fewer than 20 Kennebunk Savings 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Maine | 15 | 53.6% | $5.2M | |
| 2 | New Hampshire | 12 | 42.9% | $1.8M | |
| 3 | Massachusetts | 1 | 3.6% | $125K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 7 | 25.0% | $2.2M | |
| 2 | Fitness and Recreational Sports Centers | 4 | 14.3% | $1.3M | |
| 3 | Jewelry Retailers | 2 | 7.1% | $315K | |
| 4 | Child Care Services | 2 | 7.1% | $229K | |
| 5 | Surveying and Mapping (except Geophysical) Services | 2 | 7.1% | $207K | |
| 6 | Limited-Service Restaurants | 2 | 7.1% | $190K | |
| 7 | All Other Personal Services | 1 | 3.6% | $858K | |
| 8 | Hardware Retailers | 1 | 3.6% | $767K | |
| 9 | Gift, Novelty, and Souvenir Retailers | 1 | 3.6% | $399K | |
| 10 | Sign Manufacturing | 1 | 3.6% | $265K |
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 | Ace Hardware | 1 | 3.6% | $767K |
Questions buyers ask
Does Kennebunk Savings Bank make SBA acquisition loans?
Yes. Kennebunk Savings Bank approved 28 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 264 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 Kennebunk Savings Bank's acquisition loans?
The median was $167,500, with the middle half between $89,625 and $273,300. The national median is $645,250, so this lender's typical loan is 74% lower than the national figure.
Which states does Kennebunk Savings Bank lend in?
Maine (15), New Hampshire (12), Massachusetts (1). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does Kennebunk Savings Bank finance?
Full-Service Restaurants (7), Fitness and Recreational Sports Centers (4), Jewelry Retailers (2), Child Care Services (2), Surveying and Mapping (except Geophysical) Services (2). The top industry is 25% of its acquisition loans.
How have Kennebunk Savings 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- Maine acquisitions
- New Hampshire acquisitions
- Massachusetts acquisitions
- Full-Service Restaurants
- Fitness and Recreational Sports Centers
- Jewelry Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Kennebunk Savings Bank.