Oconee State Bank: SBA business acquisition lending record
Oconee State Bank (home state GA) approved 41 SBA 7(a) loans to buy existing businesses since FY2018, totaling $36M. The median loan was $645,500. It ranks number 197 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 $327,200 and $1,070,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Georgia is the largest state (46% of loans). Loans appear in only 12 states, which points to a regional lender.
- Industry concentration. Insurance Agencies and Brokerages is 22% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 109 SBA 7(a) loans of any purpose since FY2020, totaling $94.1M. 68% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 17% 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.
Oconee State Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1M | $255,000 | |
| FY2019 | 3 | $2.4M | $277,000 | |
| FY2020 | 5 | $3.2M | $464,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 8 | $8.2M | $979,500 | |
| FY2024 | 5 | $6.5M | $730,700 | |
| FY2025 | 8 | $6.6M | $586,400 | |
| FY2026 | 8 | $8.2M | $630,000 |
How often do these acquisition loans fail?
Fewer than 20 Oconee State Bank 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Georgia | 19 | 46.3% | $19.5M | |
| 2 | Florida | 6 | 14.6% | $4.2M | |
| 3 | Nevada | 4 | 9.8% | $2.8M | |
| 4 | Tennessee | 3 | 7.3% | $2.4M | |
| 5 | Texas | 2 | 4.9% | $1.5M | |
| 6 | Pennsylvania | 1 | 2.4% | $1.9M | |
| 7 | Alabama | 1 | 2.4% | $1.1M | |
| 8 | Rhode Island | 1 | 2.4% | $910K | |
| 9 | Illinois | 1 | 2.4% | $680K | |
| 10 | South Carolina | 1 | 2.4% | $378K | |
| 11 | North Carolina | 1 | 2.4% | $371K | |
| 12 | Indiana | 1 | 2.4% | $310K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Insurance Agencies and Brokerages | 9 | 22.0% | $9.6M | |
| 2 | Offices of Certified Public Accountants | 3 | 7.3% | $2.8M | |
| 3 | Educational Support Services | 3 | 7.3% | $1.1M | |
| 4 | Assisted Living Facilities for the Elderly | 3 | 7.3% | $1M | |
| 5 | Fine Arts Schools | 2 | 4.9% | $2.8M | |
| 6 | Gasoline Stations with Convenience Stores | 1 | 2.4% | $3.2M | |
| 7 | Pet and Pet Supplies Retailers | 1 | 2.4% | $1.9M | |
| 8 | Tax Preparation Services | 1 | 2.4% | $1.5M | |
| 9 | All Other Amusement and Recreation Industries | 1 | 2.4% | $1.5M |
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 | Brain Balance | 3 | 7.3% | $1.1M | |
| 2 | The UPS Store | 1 | 2.4% | $520K | |
| 3 | Home Helpers Home Care | 1 | 2.4% | $371K | |
| 4 | Board & Brush Creative Studios | 1 | 2.4% | $197K |
Questions buyers ask
Does Oconee State Bank make SBA acquisition loans?
Yes. Oconee State Bank approved 41 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 197 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 Oconee State Bank's acquisition loans?
The median was $645,500, with the middle half between $327,200 and $1,070,000. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does Oconee State Bank lend in?
Georgia (19), Florida (6), Nevada (4), Tennessee (3), Texas (2), Pennsylvania (1). Its loans appear in 12 states, so it is closer to a regional lender.
Which industries does Oconee State Bank finance?
Insurance Agencies and Brokerages (9), Offices of Certified Public Accountants (3), Educational Support Services (3), Assisted Living Facilities for the Elderly (3), Fine Arts Schools (2). The top industry is 22% of its acquisition loans.
How have Oconee State Bank'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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Georgia acquisitions
- Florida acquisitions
- Nevada acquisitions
- Insurance Agencies and Brokerages
- Offices of Certified Public Accountants
- Educational Support Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Oconee State Bank.