Mountain Pacific Bank: SBA business acquisition lending record
Mountain Pacific Bank (home state WA) approved 99 SBA 7(a) loans to buy existing businesses since FY2018, totaling $194M. The median loan was $1,374,000. It ranks number 100 of 280 lenders by count and made 0.2% 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 $542,500 and $3,167,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Washington is the largest state (80% of loans). Loans appear in only 6 states, which points to a regional lender.
- Industry concentration. Gasoline Stations with Convenience Stores is 26% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 118 SBA 7(a) loans of any purpose since FY2020, totaling $205M. 95% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 34% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 4.0% charged off, 14% higher than the 3.5% national average.
Mountain Pacific Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 16 | $27.9M | $1,280,000 | |
| FY2019 | 9 | $16M | $1,264,000 | |
| FY2020 | 9 | $11.2M | $950,000 | |
| FY2021 | 16 | $30.3M | $1,795,500 | |
| FY2022 | 4 | $10.1M | $2,470,000 | |
| FY2023 | 6 | $15.7M | $2,500,000 | |
| FY2024 | 11 | $23.3M | $990,000 | |
| FY2025 | 14 | $28.9M | $1,517,500 | |
| FY2026 | 14 | $30.2M | $1,737,500 |
How often do these acquisition loans fail?
Of the 50 Mountain Pacific Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 4.0% by loan count and 0.4% by dollars. 28 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 Mountain Pacific Bank is 14% 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.
Terms signed in the LOI shape the purchase agreement that follows.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 79 | 79.8% | $148M | |
| 2 | Oregon | 13 | 13.1% | $28.4M | |
| 3 | Alaska | 3 | 3.0% | $3.1M | |
| 4 | Idaho | 2 | 2.0% | $9.2M | |
| 5 | California | 1 | 1.0% | $4M | |
| 6 | Montana | 1 | 1.0% | $886K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 26 | 26.3% | $77.9M | |
| 2 | Hotels (except Casino Hotels) and Motels | 18 | 18.2% | $60.1M | |
| 3 | Convenience Retailers | 10 | 10.1% | $10.8M | |
| 4 | Limited-Service Restaurants | 9 | 9.1% | $3M | |
| 5 | Full-Service Restaurants | 7 | 7.1% | $7.9M | |
| 6 | Assisted Living Facilities for the Elderly | 4 | 4.0% | $3.5M | |
| 7 | Drinking Places (Alcoholic Beverages) | 2 | 2.0% | $3.6M | |
| 8 | Boat Dealers | 1 | 1.0% | $5M | |
| 9 | All Other Transit and Ground Passenger Transportation | 1 | 1.0% | $4M | |
| 10 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers | 1 | 1.0% | $2.4M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | PacWest Energy (Shell) | 4 | 4.0% | $11.2M | |
| 2 | Christensen Inc. | 3 | 3.0% | $5.5M | |
| 3 | Jackson Food Stores | 2 | 2.0% | $10M | |
| 4 | Super 8 | 2 | 2.0% | $9.9M | |
| 5 | Chevron | 2 | 2.0% | $8.2M | |
| 6 | Motel 6 | 2 | 2.0% | $7.7M | |
| 7 | Quality Inn | 2 | 2.0% | $7.3M | |
| 8 | Econo Lodge | 2 | 2.0% | $4.1M | |
| 9 | Phillips 66 | 1 | 1.0% | $5M | |
| 10 | Ramada | 1 | 1.0% | $4.2M |
Questions buyers ask
Does Mountain Pacific Bank make SBA acquisition loans?
Yes. Mountain Pacific Bank approved 99 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 100 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 Pacific Bank's acquisition loans?
The median was $1,374,000, with the middle half between $542,500 and $3,167,750. The national median is $645,250, so this lender's typical loan is 113% higher than the national figure.
Which states does Mountain Pacific Bank lend in?
Washington (79), Oregon (13), Alaska (3), Idaho (2), California (1), Montana (1). Its loans appear in 6 states, so it is closer to a regional lender.
Which industries does Mountain Pacific Bank finance?
Gasoline Stations with Convenience Stores (26), Hotels (except Casino Hotels) and Motels (18), Convenience Retailers (10), Limited-Service Restaurants (9), Full-Service Restaurants (7). The top industry is 26% of its acquisition loans.
How have Mountain Pacific Bank's acquisition loans performed?
Of 50 loans approved FY2018 to FY2021: 4.0% charged off, 14% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Washington acquisitions
- Oregon acquisitions
- Alaska acquisitions
- Gasoline Stations with Convenience Stores
- Hotels (except Casino Hotels) and Motels
- Convenience Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Mountain Pacific Bank.