Landmark National Bank: SBA business acquisition lending record
Landmark National Bank (home state KS) approved 32 SBA 7(a) loans to buy existing businesses since FY2018, totaling $25.6M. The median loan was $505,000. It ranks number 241 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 $275,000 and $1,015,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Kansas is the largest state (66% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Custom Computer Programming Services is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 56 SBA 7(a) loans of any purpose since FY2020, totaling $47.6M. 72% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 19% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
Landmark National Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.2M | $234,000 | |
| FY2019 | 2 | $1.3M | $652,000 | |
| FY2020 | 14 | $13.2M | $505,000 | |
| FY2021 | 2 | $1.2M | $613,500 | |
| FY2022 | 5 | $4.9M | $1,200,000 | |
| FY2023 | 4 | $3.2M | $541,300 | |
| FY2024 | 1 | $299K | $299,000 | |
| FY2025 | 1 | $234K | $234,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Of the 21 Landmark National Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 8 have already been paid in full.
For comparison, Landmark National Bank has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Custom Computer Programming Services | 3 | 9.4% | $2.4M | |
| 2 | Gasoline Stations with Convenience Stores | 2 | 6.3% | $2.6M | |
| 3 | Landscaping Services | 2 | 6.3% | $1.9M | |
| 4 | Motor Vehicle Towing | 1 | 3.1% | $5M | |
| 5 | Commercial and Institutional Building Construction | 1 | 3.1% | $1.8M | |
| 6 | Flooring Contractors | 1 | 3.1% | $1.7M | |
| 7 | Sign Manufacturing | 1 | 3.1% | $1.2M | |
| 8 | Pharmacies and Drug Retailers | 1 | 3.1% | $967K | |
| 9 | Furniture Merchant Wholesalers | 1 | 3.1% | $840K | |
| 10 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | 3.1% | $837K |
That draft favors the seller. We review it for the buyer, line by line.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | World Fuel Services | 2 | 6.3% | $2.6M | |
| 2 | FASTSIGNS | 1 | 3.1% | $1.2M | |
| 3 | Health Mart Pharmacy | 1 | 3.1% | $967K | |
| 4 | Kumon | 1 | 3.1% | $315K | |
| 5 | Subway | 1 | 3.1% | $110K |
Questions buyers ask
Does Landmark National Bank make SBA acquisition loans?
Yes. Landmark National Bank approved 32 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 241 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 Landmark National Bank's acquisition loans?
The median was $505,000, with the middle half between $275,000 and $1,015,250. The national median is $645,250, so this lender's typical loan is 22% lower than the national figure.
Which states does Landmark National Bank lend in?
Kansas (21), Missouri (11). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does Landmark National Bank finance?
Custom Computer Programming Services (3), Gasoline Stations with Convenience Stores (2), Landscaping Services (2), Motor Vehicle Towing (1), Commercial and Institutional Building Construction (1). The top industry is 9% of its acquisition loans.
How have Landmark National Bank's acquisition loans performed?
Of 21 loans approved FY2018 to FY2021: none charged off, against the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Kansas acquisitions
- Missouri acquisitions
- Custom Computer Programming Services
- Gasoline Stations with Convenience Stores
- Landscaping Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Landmark National Bank.