Paradise Bank: SBA business acquisition lending record
Paradise Bank (home state FL) approved 31 SBA 7(a) loans to buy existing businesses since FY2018, totaling $79.5M. The median loan was $2,125,000. It ranks number 247 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $1,075,000 and $4,483,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (100% of loans). Loans appear in only 1 states, which points to a regional lender.
- Industry concentration. Car Washes is 48% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 210 SBA 7(a) loans of any purpose since FY2020, totaling $312M. 87% 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.
Paradise Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $11.6M | $3,500,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 9 | $24.8M | $2,630,000 | |
| FY2022 | 6 | $19.1M | $3,297,550 | |
| FY2023 | 4 | $3.2M | $632,600 | |
| FY2024 | 4 | $8.9M | $1,625,000 | |
| FY2025 | 1 | $1M | $1,020,000 | |
| FY2026 | 4 | $11M | $2,766,500 |
How often do these acquisition loans fail?
Fewer than 20 Paradise 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 31 | 100.0% | $79.5M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Car Washes | 15 | 48.4% | $44.5M | |
| 2 | Gasoline Stations with Convenience Stores | 3 | 9.7% | $12.1M | |
| 3 | Fabricated Structural Metal Manufacturing | 1 | 3.2% | $4.5M | |
| 4 | Full-Service Restaurants | 1 | 3.2% | $3.9M | |
| 5 | Golf Courses and Country Clubs | 1 | 3.2% | $3.5M | |
| 6 | Offices of Dentists | 1 | 3.2% | $2.1M | |
| 7 | Child Care Services | 1 | 3.2% | $2M | |
| 8 | Landscaping Services | 1 | 3.2% | $1.4M | |
| 9 | Other Foundation, Structure, and Building Exterior Contractors | 1 | 3.2% | $1.3M | |
| 10 | Bed-and-Breakfast Inns | 1 | 3.2% | $1.2M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
Does Paradise Bank make SBA acquisition loans?
Yes. Paradise Bank approved 31 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 247 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 Paradise Bank's acquisition loans?
The median was $2,125,000, with the middle half between $1,075,000 and $4,483,750. The national median is $645,250, so this lender's typical loan is 229% higher than the national figure.
Which states does Paradise Bank lend in?
Florida (31). Its loans appear in 1 states, so it is closer to a regional lender.
Which industries does Paradise Bank finance?
Car Washes (15), Gasoline Stations with Convenience Stores (3), Fabricated Structural Metal Manufacturing (1), Full-Service Restaurants (1), Golf Courses and Country Clubs (1). The top industry is 48% of its acquisition loans.
How have Paradise 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.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- Florida acquisitions
- Car Washes
- Gasoline Stations with Convenience Stores
- Fabricated Structural Metal Manufacturing
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Paradise Bank.