MVB Bank, Inc.: SBA business acquisition lending record
MVB Bank, Inc. (home state WV) approved 56 SBA 7(a) loans to buy existing businesses since FY2018, totaling $68.1M. The median loan was $896,500. It ranks number 159 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 $573,525 and $1,337,575. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (16% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Insurance Agencies and Brokerages is 25% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 157 SBA 7(a) loans of any purpose since FY2020, totaling $183M. 43% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2019 to FY2021: 3.9% charged off, 9% higher than the 3.5% national average.
MVB Bank, Inc. acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $68K | $68,000 | |
| FY2020 | 1 | $350K | $350,000 | |
| FY2021 | 24 | $21.2M | $790,400 | |
| FY2022 | 22 | $35.1M | $995,600 | |
| FY2023 | 8 | $11.4M | $1,077,600 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Of the 26 MVB Bank, Inc. acquisition loans approved from FY2019 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 3.9% by loan count and 1.9% by dollars. 18 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the FY2018 to FY2021 cohort is 3.5%, so MVB Bank, Inc. is 9% 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 | Florida | 9 | 16.1% | $17.8M | |
| 2 | California | 6 | 10.7% | $5.2M | |
| 3 | Colorado | 5 | 8.9% | $9.5M | |
| 4 | New York | 5 | 8.9% | $7.8M | |
| 5 | Texas | 4 | 7.1% | $5.2M | |
| 6 | Illinois | 4 | 7.1% | $2.7M | |
| 7 | Virginia | 3 | 5.4% | $2.9M | |
| 8 | New Jersey | 3 | 5.4% | $2.7M | |
| 9 | Washington | 2 | 3.6% | $2.6M | |
| 10 | Indiana | 2 | 3.6% | $1M | |
| 11 | Pennsylvania | 1 | 1.8% | $2.6M | |
| 12 | Arizona | 1 | 1.8% | $1.4M | |
| 13 | Missouri | 1 | 1.8% | $1.2M | |
| 14 | Massachusetts | 1 | 1.8% | $1.1M | |
| 15 | Oregon | 1 | 1.8% | $1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Insurance Agencies and Brokerages | 14 | 25.0% | $15.4M | |
| 2 | Home Health Care Services | 4 | 7.1% | $5.3M | |
| 3 | Offices of Chiropractors | 4 | 7.1% | $1.5M | |
| 4 | Funeral Homes and Funeral Services | 3 | 5.4% | $2.5M | |
| 5 | Offices of Podiatrists | 2 | 3.6% | $1.8M | |
| 6 | All Other Specialty Food Retailers | 2 | 3.6% | $1M | |
| 7 | Offices of Dentists | 2 | 3.6% | $838K | |
| 8 | General Freight Trucking, Long-Distance, Truckload | 1 | 1.8% | $5M | |
| 9 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | 1.8% | $4.6M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Right at Home | 2 | 3.6% | $1.8M | |
| 2 | Farmers Insurance | 1 | 1.8% | $1.4M | |
| 3 | Always Best Care Services | 1 | 1.8% | $496K | |
| 4 | Amazing Lash Studio | 1 | 1.8% | $338K | |
| 5 | CPR | 1 | 1.8% | $297K |
Questions buyers ask
Does MVB Bank, Inc. make SBA acquisition loans?
Yes. MVB Bank, Inc. approved 56 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 159 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 MVB Bank, Inc.'s acquisition loans?
The median was $896,500, with the middle half between $573,525 and $1,337,575. The national median is $645,250, so this lender's typical loan is 39% higher than the national figure.
Which states does MVB Bank, Inc. lend in?
Florida (9), California (6), Colorado (5), New York (5), Texas (4), Illinois (4). Its loans span at least 15 states.
Which industries does MVB Bank, Inc. finance?
Insurance Agencies and Brokerages (14), Home Health Care Services (4), Offices of Chiropractors (4), Funeral Homes and Funeral Services (3), Offices of Podiatrists (2). The top industry is 25% of its acquisition loans.
How have MVB Bank, Inc.'s acquisition loans performed?
Of 26 loans approved FY2019 to FY2021: 3.9% charged off, 9% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- Florida acquisitions
- California acquisitions
- Colorado acquisitions
- Insurance Agencies and Brokerages
- Home Health Care Services
- Offices of Chiropractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by MVB Bank, Inc..