OMB Bank: SBA business acquisition lending record
OMB Bank (home state MO) approved 31 SBA 7(a) loans to buy existing businesses since FY2018, totaling $17.2M. The median loan was $458,000. It ranks number 245 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 $222,250 and $646,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Missouri is the largest state (97% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Painting and Wall Covering Contractors is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 100 SBA 7(a) loans of any purpose since FY2020, totaling $61.5M. 71% 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. Too few of its loans are old enough to measure a charge-off rate.
OMB Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $115K | $115,400 | |
| FY2019 | 1 | $465K | $465,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $1.1M | $1,070,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 14 | $8.1M | $587,000 | |
| FY2025 | 7 | $1.7M | $225,000 | |
| FY2026 | 7 | $5.7M | $295,000 |
How often do these acquisition loans fail?
Fewer than 20 OMB 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.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Painting and Wall Covering Contractors | 2 | 6.5% | $3.7M | |
| 2 | Home Centers | 2 | 6.5% | $1.7M | |
| 3 | Insurance Agencies and Brokerages | 2 | 6.5% | $410K | |
| 4 | Full-Service Restaurants | 2 | 6.5% | $276K | |
| 5 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | 3.2% | $1.1M | |
| 6 | Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers | 1 | 3.2% | $842K | |
| 7 | Ornamental and Architectural Metal Work Manufacturing | 1 | 3.2% | $762K | |
| 8 | Electrical Contractors and Other Wiring Installation Contractors | 1 | 3.2% | $675K | |
| 9 | Other Waste Collection | 1 | 3.2% | $617K |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
Does OMB Bank make SBA acquisition loans?
Yes. OMB Bank approved 31 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 245 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 OMB Bank's acquisition loans?
The median was $458,000, with the middle half between $222,250 and $646,000. The national median is $645,250, so this lender's typical loan is 29% lower than the national figure.
Which states does OMB Bank lend in?
Missouri (30), Oklahoma (1). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does OMB Bank finance?
Painting and Wall Covering Contractors (2), Home Centers (2), Insurance Agencies and Brokerages (2), Full-Service Restaurants (2), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (1). The top industry is 6% of its acquisition loans.
How have OMB 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.
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Related
- Missouri acquisitions
- Oklahoma acquisitions
- Painting and Wall Covering Contractors
- Home Centers
- Insurance Agencies and Brokerages
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by OMB Bank.