PCB Bank: SBA business acquisition lending record
PCB Bank (home state CA) approved 235 SBA 7(a) loans to buy existing businesses since FY2018, totaling $288M. The median loan was $597,000. It ranks number 40 of 280 lenders by count and made 0.5% 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 $306,500 and $1,600,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (40% of loans). Loans appear in only 14 states, which points to a regional lender.
- Industry concentration. Gasoline Stations with Convenience Stores is 22% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 705 SBA 7(a) loans of any purpose since FY2020, totaling $904M. 93% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 16% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 1.1% charged off, 69% lower than the 3.5% national average.
PCB Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 40 | $39.8M | $459,500 | |
| FY2019 | 41 | $34.3M | $498,000 | |
| FY2020 | 3 | $2.5M | $400,000 | |
| FY2021 | 9 | $22.4M | $2,338,000 | |
| FY2022 | 2 | $2M | $1,015,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 25 | $21.6M | $497,000 | |
| FY2025 | 66 | $87.2M | $711,250 | |
| FY2026 | 49 | $78.5M | $780,000 |
How often do these acquisition loans fail?
Of the 93 PCB Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 1.1% by loan count and 0.4% by dollars. 60 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so PCB Bank is 69% lower than the acquisition-loan average. 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
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 93 | 39.6% | $107M | |
| 2 | Texas | 48 | 20.4% | $41.7M | |
| 3 | Washington | 33 | 14.0% | $72.6M | |
| 4 | Georgia | 19 | 8.1% | $8.2M | |
| 5 | Illinois | 11 | 4.7% | $3.3M | |
| 6 | Colorado | 7 | 3.0% | $5.3M | |
| 7 | Oregon | 6 | 2.6% | $23M | |
| 8 | New York | 5 | 2.1% | $7.3M | |
| 9 | Maryland | 4 | 1.7% | $1.6M | |
| 10 | Florida | 3 | 1.3% | $10.4M | |
| 11 | Arizona | 2 | 0.9% | $5.2M | |
| 12 | District of Columbia | 2 | 0.9% | $1.2M | |
| 13 | New Mexico | 1 | 0.4% | $1M | |
| 14 | Alabama | 1 | 0.4% | $483K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 52 | 22.1% | $121M | |
| 2 | Beer, Wine, and Liquor Retailers | 51 | 21.7% | $41.2M | |
| 3 | Full-Service Restaurants | 46 | 19.6% | $26M | |
| 4 | Limited-Service Restaurants | 30 | 12.8% | $12.2M | |
| 5 | Hotels (except Casino Hotels) and Motels | 12 | 5.1% | $44M | |
| 6 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 7 | 3.0% | $5.5M | |
| 7 | Nail Salons | 7 | 3.0% | $1.1M | |
| 8 | Coin-Operated Laundries and Drycleaners | 6 | 2.6% | $3.8M | |
| 9 | Convenience Retailers | 4 | 1.7% | $1.2M | |
| 10 | Car Washes | 2 | 0.9% | $9M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Phillips 66 | 4 | 1.7% | $10.4M | |
| 2 | WNB Factory | 3 | 1.3% | $984K | |
| 3 | Best Western | 2 | 0.9% | $9.6M | |
| 4 | Chevron | 2 | 0.9% | $7.2M | |
| 5 | Sun Pacific Energy Inc | 2 | 0.9% | $5.4M | |
| 6 | Christensen Inc. | 2 | 0.9% | $3.4M | |
| 7 | Empire Petroleum Partners | 2 | 0.9% | $2.3M | |
| 8 | American Deli | 2 | 0.9% | $798K | |
| 9 | Quality Inn | 1 | 0.4% | $5M | |
| 10 | Travelodge | 1 | 0.4% | $5M |
Questions buyers ask
Does PCB Bank make SBA acquisition loans?
Yes. PCB Bank approved 235 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 40 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 PCB Bank's acquisition loans?
The median was $597,000, with the middle half between $306,500 and $1,600,000. The national median is $645,250, so this lender's typical loan is 7% lower than the national figure.
Which states does PCB Bank lend in?
California (93), Texas (48), Washington (33), Georgia (19), Illinois (11), Colorado (7). Its loans appear in 14 states, so it is closer to a regional lender.
Which industries does PCB Bank finance?
Gasoline Stations with Convenience Stores (52), Beer, Wine, and Liquor Retailers (51), Full-Service Restaurants (46), Limited-Service Restaurants (30), Hotels (except Casino Hotels) and Motels (12). The top industry is 22% of its acquisition loans.
How have PCB Bank's acquisition loans performed?
Of 93 loans approved FY2018 to FY2021: 1.1% charged off, 69% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- California acquisitions
- Texas acquisitions
- Washington acquisitions
- Gasoline Stations with Convenience Stores
- Beer, Wine, and Liquor Retailers
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by PCB Bank.