Numerica CU: SBA business acquisition lending record
Numerica CU (home state WA) approved 26 SBA 7(a) loans to buy existing businesses since FY2018, totaling $14.7M. The median loan was $497,000. It ranks number 274 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 $181,875 and $768,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Washington is the largest state (73% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Plumbing, Heating, and Air-Conditioning Contractors is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 126 SBA 7(a) loans of any purpose since FY2020, totaling $55.3M. 92% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 8% 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.
Numerica CU acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $597K | $298,500 | |
| FY2020 | 2 | $463K | $231,500 | |
| FY2021 | 5 | $4M | $468,000 | |
| FY2022 | 7 | $3.7M | $550,000 | |
| FY2023 | 4 | $3.5M | $763,500 | |
| FY2024 | 1 | $500K | $500,000 | |
| FY2025 | 5 | $1.9M | $496,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Numerica CU 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.
The purchase agreement decides what you bought, not the loan approval.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 19 | 73.1% | $9.9M | |
| 2 | Idaho | 5 | 19.2% | $3.9M | |
| 3 | Oregon | 2 | 7.7% | $961K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | 7.7% | $1.4M | |
| 2 | Other Personal Care Services | 2 | 7.7% | $1M | |
| 3 | Child Care Services | 2 | 7.7% | $258K | |
| 4 | Pharmacies and Drug Retailers | 1 | 3.8% | $2M | |
| 5 | Pet and Pet Supplies Retailers | 1 | 3.8% | $1.9M | |
| 6 | General Automotive Repair | 1 | 3.8% | $979K | |
| 7 | Landscaping Services | 1 | 3.8% | $850K | |
| 8 | Nursery, Garden Center, and Farm Supply Retailers | 1 | 3.8% | $828K | |
| 9 | Janitorial Services | 1 | 3.8% | $805K | |
| 10 | All Other Miscellaneous Retailers | 1 | 3.8% | $675K |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Elements Massage | 1 | 3.8% | $548K | |
| 2 | The UPS Store | 1 | 3.8% | $50K |
Questions buyers ask
Does Numerica CU make SBA acquisition loans?
Yes. Numerica CU approved 26 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 274 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 Numerica CU's acquisition loans?
The median was $497,000, with the middle half between $181,875 and $768,750. The national median is $645,250, so this lender's typical loan is 23% lower than the national figure.
Which states does Numerica CU lend in?
Washington (19), Idaho (5), Oregon (2). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does Numerica CU finance?
Plumbing, Heating, and Air-Conditioning Contractors (2), Other Personal Care Services (2), Child Care Services (2), Pharmacies and Drug Retailers (1), Pet and Pet Supplies Retailers (1). The top industry is 8% of its acquisition loans.
How have Numerica CU'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
- Washington acquisitions
- Idaho acquisitions
- Oregon acquisitions
- Plumbing, Heating, and Air-Conditioning Contractors
- Other Personal Care Services
- Child Care Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Numerica CU.