Midwest Regional Bank: SBA business acquisition lending record
Midwest Regional Bank (home state MO) approved 323 SBA 7(a) loans to buy existing businesses since FY2018, totaling $294M. The median loan was $577,000. It ranks number 24 of 280 lenders by count and made 0.7% 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 $314,000 and $1,128,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (26% of loans). Loans appear in only 12 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 621 SBA 7(a) loans of any purpose since FY2020, totaling $568M. 26% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 11% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 8.9% charged off, 153% higher than the 3.5% national average.
Midwest Regional Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 48 | $27.9M | $387,450 | |
| FY2019 | 69 | $56.6M | $385,000 | |
| FY2020 | 41 | $33.6M | $473,000 | |
| FY2021 | 44 | $45.6M | $740,500 | |
| FY2022 | 23 | $16.6M | $500,000 | |
| FY2023 | 3 | $2.1M | $448,000 | |
| FY2024 | 21 | $28.6M | $926,000 | |
| FY2025 | 40 | $48.9M | $630,500 | |
| FY2026 | 34 | $33.6M | $767,000 |
How often do these acquisition loans fail?
Of the 202 Midwest Regional Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 18 have been charged off by the SBA, a rate of 8.9% by loan count and 6.3% by dollars. 83 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 Midwest Regional Bank is 153% higher than 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 85 | 26.3% | $64.5M | |
| 2 | Arizona | 68 | 21.1% | $60.9M | |
| 3 | Missouri | 59 | 18.3% | $60M | |
| 4 | Florida | 48 | 14.9% | $39.9M | |
| 5 | Colorado | 44 | 13.6% | $48.5M | |
| 6 | Illinois | 10 | 3.1% | $6.9M | |
| 7 | Arkansas | 2 | 0.6% | $3.8M | |
| 8 | Kansas | 2 | 0.6% | $1.4M | |
| 9 | Tennessee | 2 | 0.6% | $1.3M | |
| 10 | Kentucky | 1 | 0.3% | $3.7M | |
| 11 | South Carolina | 1 | 0.3% | $2.2M | |
| 12 | North Carolina | 1 | 0.3% | $591K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 29 | 9.0% | $19M | |
| 2 | Limited-Service Restaurants | 17 | 5.3% | $6.6M | |
| 3 | General Automotive Repair | 15 | 4.6% | $10.6M | |
| 4 | Child Care Services | 9 | 2.8% | $5.5M | |
| 5 | All Other Miscellaneous Retailers | 8 | 2.5% | $11.4M | |
| 6 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | 2.5% | $11M | |
| 7 | Gasoline Stations with Convenience Stores | 7 | 2.2% | $6M | |
| 8 | Car Washes | 7 | 2.2% | $4.9M | |
| 9 | Beer, Wine, and Liquor Retailers | 7 | 2.2% | $4.5M | |
| 10 | Assisted Living Facilities for the Elderly | 6 | 1.9% | $4.6M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 3 | 0.9% | $844K | |
| 2 | J.F. Presley Oil Company (Phillips 66) | 2 | 0.6% | $2M | |
| 3 | The Cleaning Authority | 1 | 0.3% | $1.3M | |
| 4 | Ace Hardware | 1 | 0.3% | $1.3M | |
| 5 | The UPS Store | 1 | 0.3% | $991K | |
| 6 | Big O Tires | 1 | 0.3% | $981K | |
| 7 | H&R Block | 1 | 0.3% | $894K | |
| 8 | College Hunks Hauling Junk | 1 | 0.3% | $837K | |
| 9 | Midas | 1 | 0.3% | $618K | |
| 10 | Crumbl | 1 | 0.3% | $500K |
Questions buyers ask
Does Midwest Regional Bank make SBA acquisition loans?
Yes. Midwest Regional Bank approved 323 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 24 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 Midwest Regional Bank's acquisition loans?
The median was $577,000, with the middle half between $314,000 and $1,128,000. The national median is $645,250, so this lender's typical loan is 11% lower than the national figure.
Which states does Midwest Regional Bank lend in?
Texas (85), Arizona (68), Missouri (59), Florida (48), Colorado (44), Illinois (10). Its loans appear in 12 states, so it is closer to a regional lender.
Which industries does Midwest Regional Bank finance?
Full-Service Restaurants (29), Limited-Service Restaurants (17), General Automotive Repair (15), Child Care Services (9), All Other Miscellaneous Retailers (8). The top industry is 9% of its acquisition loans.
How have Midwest Regional Bank's acquisition loans performed?
Of 202 loans approved FY2018 to FY2021: 8.9% charged off, 153% higher than 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
- Texas acquisitions
- Arizona acquisitions
- Missouri 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 Midwest Regional Bank.