Milestone Bank: SBA business acquisition lending record
Milestone Bank (home state UT) approved 66 SBA 7(a) loans to buy existing businesses since FY2018, totaling $91.6M. The median loan was $1,040,500. It ranks number 135 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 $634,000 and $1,929,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (20% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 148 SBA 7(a) loans of any purpose since FY2020, totaling $254M. 86% 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. Too few of its loans are old enough to measure a charge-off rate.
Milestone Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $500K | $500,000 | |
| FY2024 | 6 | $8.8M | $1,390,000 | |
| FY2025 | 18 | $24.4M | $972,000 | |
| FY2026 | 41 | $57.9M | $1,061,000 |
How often do these acquisition loans fail?
Fewer than 20 Milestone 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 | Texas | 13 | 19.7% | $21.6M | |
| 2 | Florida | 10 | 15.2% | $13.3M | |
| 3 | Tennessee | 6 | 9.1% | $8.3M | |
| 4 | Colorado | 5 | 7.6% | $6.3M | |
| 5 | Michigan | 4 | 6.1% | $4M | |
| 6 | Ohio | 3 | 4.5% | $4.3M | |
| 7 | Nevada | 3 | 4.5% | $3.9M | |
| 8 | Utah | 2 | 3.0% | $7M | |
| 9 | Maryland | 2 | 3.0% | $4.3M | |
| 10 | South Carolina | 2 | 3.0% | $3.8M | |
| 11 | California | 2 | 3.0% | $2.3M | |
| 12 | Minnesota | 2 | 3.0% | $2M | |
| 13 | Oregon | 1 | 1.5% | $1.9M | |
| 14 | Arkansas | 1 | 1.5% | $1.8M | |
| 15 | Wisconsin | 1 | 1.5% | $1.1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 5 | 7.6% | $6.3M | |
| 2 | Beer, Wine, and Liquor Retailers | 4 | 6.1% | $3.3M | |
| 3 | Limited-Service Restaurants | 3 | 4.5% | $5.2M | |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 4.5% | $4.1M | |
| 5 | All Other Specialty Trade Contractors | 2 | 3.0% | $5M | |
| 6 | All Other Professional, Scientific, and Technical Services | 2 | 3.0% | $4.8M | |
| 7 | Administrative Management and General Management Consulting Services | 2 | 3.0% | $4.3M | |
| 8 | Other Activities Related to Real Estate | 2 | 3.0% | $2.7M | |
| 9 | Landscaping Services | 2 | 3.0% | $2.6M | |
| 10 | Other Foundation, Structure, and Building Exterior Contractors | 2 | 3.0% | $2.5M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pirtek | 1 | 1.5% | $1.9M | |
| 2 | Great Clips | 1 | 1.5% | $1.4M | |
| 3 | Midas | 1 | 1.5% | $919K | |
| 4 | The Little Gym | 1 | 1.5% | $741K |
Questions buyers ask
Does Milestone Bank make SBA acquisition loans?
Yes. Milestone Bank approved 66 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 135 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 Milestone Bank's acquisition loans?
The median was $1,040,500, with the middle half between $634,000 and $1,929,500. The national median is $645,250, so this lender's typical loan is 61% higher than the national figure.
Which states does Milestone Bank lend in?
Texas (13), Florida (10), Tennessee (6), Colorado (5), Michigan (4), Ohio (3). Its loans span at least 15 states.
Which industries does Milestone Bank finance?
Full-Service Restaurants (5), Beer, Wine, and Liquor Retailers (4), Limited-Service Restaurants (3), Plumbing, Heating, and Air-Conditioning Contractors (3), All Other Specialty Trade Contractors (2). The top industry is 8% of its acquisition loans.
How have Milestone 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.
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Related
- Texas acquisitions
- Florida acquisitions
- Tennessee acquisitions
- Full-Service Restaurants
- Beer, Wine, and Liquor Retailers
- Limited-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Milestone Bank.