NBT Bank, National Association: SBA business acquisition lending record
NBT Bank, National Association (home state NY) approved 50 SBA 7(a) loans to buy existing businesses since FY2018, totaling $20.7M. The median loan was $240,000. It ranks number 176 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 $110,500 and $508,325. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. New York is the largest state (88% of loans). Loans appear in only 5 states, which points to a regional lender.
- Industry concentration. Supermarkets and Other Grocery Retailers (except Convenience Retailers) is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 232 SBA 7(a) loans of any purpose since FY2020, totaling $84.5M. 32% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 0% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
NBT Bank, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $835K | $59,150 | |
| FY2019 | 7 | $5.2M | $500,000 | |
| FY2020 | 4 | $1.8M | $232,000 | |
| FY2021 | 8 | $5M | $489,500 | |
| FY2022 | 4 | $2M | $430,000 | |
| FY2023 | 5 | $1.9M | $350,000 | |
| FY2024 | 8 | $2M | $193,750 | |
| FY2025 | 4 | $572K | $138,750 | |
| FY2026 | 4 | $1.4M | $356,750 |
How often do these acquisition loans fail?
Of the 25 NBT Bank, National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 17 have already been paid in full.
For comparison, NBT Bank, National Association has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 44 | 88.0% | $15.9M | |
| 2 | New Hampshire | 3 | 6.0% | $2.6M | |
| 3 | Connecticut | 1 | 2.0% | $1.2M | |
| 4 | Pennsylvania | 1 | 2.0% | $900K | |
| 5 | Massachusetts | 1 | 2.0% | $148K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | 6.0% | $305K | |
| 2 | Automotive Parts and Accessories Stores | 2 | 4.0% | $2.3M | |
| 3 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | 4.0% | $1.8M | |
| 4 | Other Computer Related Services | 2 | 4.0% | $1.2M | |
| 5 | Beer, Wine, and Liquor Retailers | 2 | 4.0% | $1M | |
| 6 | Used Merchandise Retailers | 2 | 4.0% | $515K | |
| 7 | Veterinary Services | 2 | 4.0% | $441K | |
| 8 | Nursery, Garden Center, and Farm Supply Retailers | 2 | 4.0% | $425K | |
| 9 | Gift, Novelty, and Souvenir Retailers | 2 | 4.0% | $309K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
Does NBT Bank, National Association make SBA acquisition loans?
Yes. NBT Bank, National Association approved 50 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 176 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 NBT Bank, National Association's acquisition loans?
The median was $240,000, with the middle half between $110,500 and $508,325. The national median is $645,250, so this lender's typical loan is 63% lower than the national figure.
Which states does NBT Bank, National Association lend in?
New York (44), New Hampshire (3), Connecticut (1), Pennsylvania (1), Massachusetts (1). Its loans appear in 5 states, so it is closer to a regional lender.
Which industries does NBT Bank, National Association finance?
Supermarkets and Other Grocery Retailers (except Convenience Retailers) (3), Automotive Parts and Accessories Stores (2), All Other Miscellaneous Fabricated Metal Product Manufacturing (2), Other Computer Related Services (2), Beer, Wine, and Liquor Retailers (2). The top industry is 6% of its acquisition loans.
How have NBT Bank, National Association's acquisition loans performed?
Of 25 loans approved FY2018 to FY2021: none charged off, against 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
- New York acquisitions
- New Hampshire acquisitions
- Connecticut acquisitions
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Automotive Parts and Accessories Stores
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by NBT Bank, National Association.