Mid Penn Bank: SBA business acquisition lending record
Mid Penn Bank (home state PA) approved 36 SBA 7(a) loans to buy existing businesses since FY2018, totaling $35.7M. The median loan was $652,000. It ranks number 216 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $268,750 and $1,635,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Pennsylvania is the largest state (67% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 11% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 271 SBA 7(a) loans of any purpose since FY2020, totaling $176M. 83% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 3% 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.
Mid Penn Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $700K | $700,000 | |
| FY2019 | 6 | $3.5M | $262,500 | |
| FY2020 | 4 | $5.1M | $1,272,500 | |
| FY2021 | 5 | $9.1M | $1,110,000 | |
| FY2022 | 5 | $6.1M | $1,275,000 | |
| FY2023 | 3 | $2.1M | $441,200 | |
| FY2024 | 3 | $439K | $130,500 | |
| FY2025 | 6 | $4.8M | $564,500 | |
| FY2026 | 3 | $3.9M | $1,630,000 |
How often do these acquisition loans fail?
Fewer than 20 Mid Penn 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.
Terms signed in the LOI shape the purchase agreement that follows.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 24 | 66.7% | $21M | |
| 2 | New Jersey | 12 | 33.3% | $14.7M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 11.1% | $3.3M | |
| 2 | Car Washes | 3 | 8.3% | $1.8M | |
| 3 | Insurance Agencies and Brokerages | 2 | 5.6% | $2.8M | |
| 4 | Clothing and Clothing Accessories Retailers | 2 | 5.6% | $2.3M | |
| 5 | Other Building Material Dealers | 2 | 5.6% | $1.7M | |
| 6 | Landscaping Services | 2 | 5.6% | $739K | |
| 7 | Snack and Nonalcoholic Beverage Bars | 2 | 5.6% | $716K | |
| 8 | Offices of Chiropractors | 2 | 5.6% | $343K | |
| 9 | Florists | 2 | 5.6% | $146K | |
| 10 | Hotels (except Casino Hotels) and Motels | 1 | 2.8% | $4.4M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Tropical Smoothie Cafe | 1 | 2.8% | $175K |
Questions buyers ask
Does Mid Penn Bank make SBA acquisition loans?
Yes. Mid Penn Bank approved 36 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 216 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 Mid Penn Bank's acquisition loans?
The median was $652,000, with the middle half between $268,750 and $1,635,750. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does Mid Penn Bank lend in?
Pennsylvania (24), New Jersey (12). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does Mid Penn Bank finance?
Full-Service Restaurants (4), Car Washes (3), Insurance Agencies and Brokerages (2), Clothing and Clothing Accessories Retailers (2), Other Building Material Dealers (2). The top industry is 11% of its acquisition loans.
How have Mid Penn 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Pennsylvania acquisitions
- New Jersey acquisitions
- Full-Service Restaurants
- Car Washes
- Insurance Agencies and Brokerages
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Mid Penn Bank.