Nicolet National Bank: SBA business acquisition lending record
Nicolet National Bank (home state WI) approved 167 SBA 7(a) loans to buy existing businesses since FY2018, totaling $127M. The median loan was $470,000. It ranks number 57 of 280 lenders by count and made 0.3% 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 $227,700 and $942,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Wisconsin is the largest state (63% of loans). Loans appear in only 6 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 11% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 527 SBA 7(a) loans of any purpose since FY2020, totaling $289M. 75% 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. Of its loans from FY2018 to FY2021: 1.1% charged off, 68% lower than the 3.5% national average.
Nicolet National Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $2.9M | $625,000 | |
| FY2019 | 15 | $14.2M | $308,500 | |
| FY2020 | 32 | $18.2M | $345,000 | |
| FY2021 | 37 | $34.9M | $559,000 | |
| FY2022 | 28 | $19.7M | $407,150 | |
| FY2023 | 21 | $17.7M | $679,000 | |
| FY2024 | 13 | $7.9M | $535,200 | |
| FY2025 | 12 | $7.8M | $435,700 | |
| FY2026 | 4 | $3.3M | $439,400 |
How often do these acquisition loans fail?
Of the 89 Nicolet National Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 1.1% by loan count and 0.8% by dollars. 37 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 Nicolet National Bank is 68% lower 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.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 18 | 10.8% | $5.8M | |
| 2 | Snack and Nonalcoholic Beverage Bars | 6 | 3.6% | $1.7M | |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 5 | 3.0% | $5.6M | |
| 4 | Hotels (except Casino Hotels) and Motels | 5 | 3.0% | $5.1M | |
| 5 | Beer, Wine, and Liquor Retailers | 5 | 3.0% | $4.1M | |
| 6 | Drinking Places (Alcoholic Beverages) | 5 | 3.0% | $2.8M | |
| 7 | General Automotive Repair | 5 | 3.0% | $1.5M | |
| 8 | Beauty Salons | 5 | 3.0% | $754K | |
| 9 | Hardware Retailers | 4 | 2.4% | $1.3M | |
| 10 | Sporting Goods Retailers | 4 | 2.4% | $1.3M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ace Hardware | 3 | 1.8% | $1.1M | |
| 2 | CarePatrol | 2 | 1.2% | $2.4M | |
| 3 | Polaris | 1 | 0.6% | $2.4M | |
| 4 | AmericInn | 1 | 0.6% | $2M | |
| 5 | Piggly Wiggly | 1 | 0.6% | $1.8M | |
| 6 | Do it Best | 1 | 0.6% | $1.8M | |
| 7 | Red Lion Hotels | 1 | 0.6% | $950K | |
| 8 | Pure Barre | 1 | 0.6% | $221K | |
| 9 | Edible Arrangements | 1 | 0.6% | $200K | |
| 10 | Dairy Queen | 1 | 0.6% | $150K |
Questions buyers ask
Does Nicolet National Bank make SBA acquisition loans?
Yes. Nicolet National Bank approved 167 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 57 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 Nicolet National Bank's acquisition loans?
The median was $470,000, with the middle half between $227,700 and $942,500. The national median is $645,250, so this lender's typical loan is 27% lower than the national figure.
Which states does Nicolet National Bank lend in?
Wisconsin (106), Michigan (37), Iowa (15), Minnesota (7), Indiana (1), Colorado (1). Its loans appear in 6 states, so it is closer to a regional lender.
Which industries does Nicolet National Bank finance?
Full-Service Restaurants (18), Snack and Nonalcoholic Beverage Bars (6), Plumbing, Heating, and Air-Conditioning Contractors (5), Hotels (except Casino Hotels) and Motels (5), Beer, Wine, and Liquor Retailers (5). The top industry is 11% of its acquisition loans.
How have Nicolet National Bank's acquisition loans performed?
Of 89 loans approved FY2018 to FY2021: 1.1% charged off, 68% lower 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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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Wisconsin acquisitions
- Michigan acquisitions
- Iowa acquisitions
- Full-Service Restaurants
- Snack and Nonalcoholic Beverage Bars
- Plumbing, Heating, and Air-Conditioning Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Nicolet National Bank.