Mountain America FCU: SBA business acquisition lending record
Mountain America FCU (home state UT) approved 28 SBA 7(a) loans to buy existing businesses since FY2018, totaling $20.1M. The median loan was $396,500. It ranks number 265 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 $221,775 and $621,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Utah is the largest state (75% of loans). Loans appear in only 7 states, which points to a regional lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 14% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 1,023 SBA 7(a) loans of any purpose since FY2020, totaling $420M. 96% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 29% 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.
Mountain America FCU acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $3.7M | $339,200 | |
| FY2019 | 2 | $587K | $293,400 | |
| FY2020 | 4 | $1M | $241,200 | |
| FY2021 | 1 | $4.4M | $4,360,800 | |
| FY2022 | 3 | $4.5M | $1,400,000 | |
| FY2023 | 1 | $729K | $729,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 7 | $2.5M | $374,000 | |
| FY2026 | 3 | $2.7M | $675,000 |
How often do these acquisition loans fail?
Fewer than 20 Mountain America FCU 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.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 4 | 14.3% | $8.8M | |
| 2 | Drinking Places (Alcoholic Beverages) | 2 | 7.1% | $1.3M | |
| 3 | Child Care Services | 2 | 7.1% | $1.1M | |
| 4 | Fitness and Recreational Sports Centers | 2 | 7.1% | $953K | |
| 5 | Offices of Chiropractors | 2 | 7.1% | $318K | |
| 6 | Motor Vehicle Towing | 2 | 7.1% | $224K | |
| 7 | Car Washes | 1 | 3.6% | $2M | |
| 8 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | 3.6% | $1.8M | |
| 9 | Bed-and-Breakfast Inns | 1 | 3.6% | $514K | |
| 10 | Gasoline Stations with Convenience Stores | 1 | 3.6% | $423K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Best Western | 2 | 7.1% | $5.8M | |
| 2 | Comfort Inn | 1 | 3.6% | $2.6M | |
| 3 | Subway | 1 | 3.6% | $250K | |
| 4 | F45 Training | 1 | 3.6% | $224K | |
| 5 | Closet Factory | 1 | 3.6% | $125K |
Questions buyers ask
Does Mountain America FCU make SBA acquisition loans?
Yes. Mountain America FCU approved 28 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 265 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 Mountain America FCU's acquisition loans?
The median was $396,500, with the middle half between $221,775 and $621,750. The national median is $645,250, so this lender's typical loan is 39% lower than the national figure.
Which states does Mountain America FCU lend in?
Utah (21), Nevada (2), Wyoming (1), Arizona (1), Idaho (1), Oregon (1). Its loans appear in 7 states, so it is closer to a regional lender.
Which industries does Mountain America FCU finance?
Hotels (except Casino Hotels) and Motels (4), Drinking Places (Alcoholic Beverages) (2), Child Care Services (2), Fitness and Recreational Sports Centers (2), Offices of Chiropractors (2). The top industry is 14% of its acquisition loans.
How have Mountain America FCU'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.
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Related
- Utah acquisitions
- Nevada acquisitions
- Wyoming acquisitions
- Hotels (except Casino Hotels) and Motels
- Drinking Places (Alcoholic Beverages)
- Child Care Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Mountain America FCU.