KeyBank National Association: SBA business acquisition lending record
KeyBank National Association (home state OH) approved 203 SBA 7(a) loans to buy existing businesses since FY2018, totaling $212M. The median loan was $615,000. It ranks number 44 of 280 lenders by count and made 0.4% of all SBA acquisition loans nationally.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $254,800 and $1,183,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Washington is the largest state (27% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 4,659 SBA 7(a) loans of any purpose since FY2020, totaling $1.8B. 79% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 10% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 3.6% charged off, in line with the 3.5% national average.
KeyBank National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 38 | $34.7M | $558,000 | |
| FY2019 | 50 | $38.2M | $350,000 | |
| FY2020 | 37 | $35M | $615,000 | |
| FY2021 | 13 | $8.1M | $324,000 | |
| FY2022 | 6 | $14.4M | $1,969,000 | |
| FY2023 | 4 | $2.1M | $475,500 | |
| FY2024 | 18 | $28.7M | $859,000 | |
| FY2025 | 16 | $9.8M | $439,500 | |
| FY2026 | 21 | $41.5M | $1,500,000 |
How often do these acquisition loans fail?
Of the 138 KeyBank National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 5 have been charged off by the SBA, a rate of 3.6% by loan count and 1.9% by dollars. 61 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 KeyBank National Association is in line with 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 54 | 26.6% | $48.7M | |
| 2 | Ohio | 30 | 14.8% | $38.1M | |
| 3 | New York | 20 | 9.9% | $18.5M | |
| 4 | Indiana | 18 | 8.9% | $16.2M | |
| 5 | Oregon | 13 | 6.4% | $14.9M | |
| 6 | Colorado | 10 | 4.9% | $13.7M | |
| 7 | Pennsylvania | 10 | 4.9% | $11.4M | |
| 8 | Michigan | 10 | 4.9% | $9.8M | |
| 9 | Connecticut | 8 | 3.9% | $6.7M | |
| 10 | Utah | 6 | 3.0% | $10.7M | |
| 11 | Vermont | 4 | 2.0% | $4.3M | |
| 12 | New Hampshire | 3 | 1.5% | $2.4M | |
| 13 | Alaska | 3 | 1.5% | $2.3M | |
| 14 | Massachusetts | 3 | 1.5% | $1.2M | |
| 15 | Maine | 2 | 1.0% | $2.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 15 | 7.4% | $11.7M | |
| 2 | Limited-Service Restaurants | 10 | 4.9% | $11M | |
| 3 | General Automotive Repair | 9 | 4.4% | $5.8M | |
| 4 | Offices of Lawyers | 5 | 2.5% | $2.7M | |
| 5 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 5 | 2.5% | $2.4M | |
| 6 | Offices of Certified Public Accountants | 5 | 2.5% | $2M | |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | 2.0% | $5M | |
| 8 | Landscaping Services | 4 | 2.0% | $4.1M | |
| 9 | Outpatient Mental Health and Substance Abuse Centers | 3 | 1.5% | $6.5M | |
| 10 | Child Care Services | 3 | 1.5% | $4.7M |
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 | The UPS Store | 4 | 2.0% | $1.8M | |
| 2 | Dairy Queen | 2 | 1.0% | $1.7M | |
| 3 | Papa Murphy's Take 'N' Bake Pizza | 1 | 0.5% | $5M | |
| 4 | Hand and Stone Massage and Facial Spa | 1 | 0.5% | $3M | |
| 5 | Denny's | 1 | 0.5% | $1.8M | |
| 6 | barre3 | 1 | 0.5% | $602K | |
| 7 | Marco's Pizza | 1 | 0.5% | $330K | |
| 8 | Subway | 1 | 0.5% | $328K | |
| 9 | Rita's Ice-Custard-Happiness | 1 | 0.5% | $284K | |
| 10 | Wild Birds Unlimited | 1 | 0.5% | $235K |
Questions buyers ask
Does KeyBank National Association make SBA acquisition loans?
Yes. KeyBank National Association approved 203 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 44 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 KeyBank National Association's acquisition loans?
The median was $615,000, with the middle half between $254,800 and $1,183,000. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does KeyBank National Association lend in?
Washington (54), Ohio (30), New York (20), Indiana (18), Oregon (13), Colorado (10). Its loans span at least 15 states.
Which industries does KeyBank National Association finance?
Full-Service Restaurants (15), Limited-Service Restaurants (10), General Automotive Repair (9), Offices of Lawyers (5), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (5). The top industry is 7% of its acquisition loans.
How have KeyBank National Association's acquisition loans performed?
Of 138 loans approved FY2018 to FY2021: 3.6% charged off, in line with the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- Washington acquisitions
- Ohio acquisitions
- New York acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by KeyBank National Association.