Oriental Bank: SBA business acquisition lending record
Oriental Bank (home state PR) approved 31 SBA 7(a) loans to buy existing businesses since FY2018, totaling $6.6M. The median loan was $200,000. It ranks number 246 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $48,100 and $265,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Puerto Rico is the largest state (100% of loans). Loans appear in only 1 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 13% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 815 SBA 7(a) loans of any purpose since FY2020, totaling $140M. 42% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 6% 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.
Oriental Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $480K | $240,000 | |
| FY2019 | 3 | $305K | $50,000 | |
| FY2020 | 3 | $283K | $123,300 | |
| FY2021 | 3 | $331K | $46,200 | |
| FY2022 | 2 | $280K | $140,000 | |
| FY2023 | 4 | $539K | $49,500 | |
| FY2024 | 4 | $1M | $241,000 | |
| FY2025 | 7 | $2.4M | $250,000 | |
| FY2026 | 3 | $989K | $360,200 |
How often do these acquisition loans fail?
Fewer than 20 Oriental 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.
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 | Puerto Rico | 31 | 100.0% | $6.6M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 12.9% | $1.8M | |
| 2 | Pharmacies and Drug Retailers | 4 | 12.9% | $789K | |
| 3 | Limited-Service Restaurants | 3 | 9.7% | $669K | |
| 4 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | 9.7% | $498K | |
| 5 | Hardware Retailers | 3 | 9.7% | $351K | |
| 6 | Offices of Chiropractors | 2 | 6.5% | $280K | |
| 7 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | 6.5% | $79K | |
| 8 | Automotive Parts and Accessories Stores | 2 | 6.5% | $65K | |
| 9 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | 3.2% | $430K | |
| 10 | Assisted Living Facilities for the Elderly | 1 | 3.2% | $404K |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Marco's Pizza | 1 | 3.2% | $360K |
Questions buyers ask
Does Oriental Bank make SBA acquisition loans?
Yes. Oriental Bank approved 31 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 246 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 Oriental Bank's acquisition loans?
The median was $200,000, with the middle half between $48,100 and $265,000. The national median is $645,250, so this lender's typical loan is 69% lower than the national figure.
Which states does Oriental Bank lend in?
Puerto Rico (31). Its loans appear in 1 states, so it is closer to a regional lender.
Which industries does Oriental Bank finance?
Full-Service Restaurants (4), Pharmacies and Drug Retailers (4), Limited-Service Restaurants (3), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (3), Hardware Retailers (3). The top industry is 13% of its acquisition loans.
How have Oriental 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
- Puerto Rico acquisitions
- Full-Service Restaurants
- Pharmacies and Drug Retailers
- Limited-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Oriental Bank.