PlainsCapital Bank: SBA business acquisition lending record
PlainsCapital Bank (home state TX) approved 40 SBA 7(a) loans to buy existing businesses since FY2018, totaling $49.5M. The median loan was $859,350. It ranks number 206 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 $537,500 and $1,781,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (98% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. General Automotive Repair is 10% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 401 SBA 7(a) loans of any purpose since FY2020, totaling $189M. 83% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 23% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 4.5% charged off, 29% higher than the 3.5% national average.
PlainsCapital Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $7.8M | $2,825,000 | |
| FY2019 | 7 | $14.4M | $1,813,500 | |
| FY2020 | 3 | $6.2M | $917,200 | |
| FY2021 | 9 | $6.9M | $621,500 | |
| FY2022 | 3 | $2.2M | $615,000 | |
| FY2023 | 1 | $550K | $550,000 | |
| FY2024 | 4 | $3.7M | $685,850 | |
| FY2025 | 4 | $2.3M | $658,000 | |
| FY2026 | 6 | $5.4M | $572,900 |
How often do these acquisition loans fail?
Of the 22 PlainsCapital 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 4.5% by loan count and 7.2% by dollars. 8 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 PlainsCapital Bank is 29% higher 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
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | General Automotive Repair | 4 | 10.0% | $4.5M | |
| 2 | Child Care Services | 3 | 7.5% | $1.9M | |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | 5.0% | $5.9M | |
| 4 | Full-Service Restaurants | 2 | 5.0% | $2.9M | |
| 5 | Snack and Nonalcoholic Beverage Bars | 2 | 5.0% | $1.5M | |
| 6 | Other Activities Related to Real Estate | 2 | 5.0% | $1.5M | |
| 7 | Offices of Dentists | 2 | 5.0% | $1M | |
| 8 | Coin-Operated Laundries and Drycleaners | 2 | 5.0% | $846K | |
| 9 | Automotive Parts and Accessories Stores | 1 | 2.5% | $4.6M | |
| 10 | Architectural Services | 1 | 2.5% | $4.6M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Great American Cookies | 2 | 5.0% | $1.5M | |
| 2 | WaveMAX Laundry | 2 | 5.0% | $846K | |
| 3 | Anytime Fitness | 1 | 2.5% | $917K | |
| 4 | Carstar | 1 | 2.5% | $674K | |
| 5 | The UPS Store | 1 | 2.5% | $200K |
Questions buyers ask
Does PlainsCapital Bank make SBA acquisition loans?
Yes. PlainsCapital Bank approved 40 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 206 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 PlainsCapital Bank's acquisition loans?
The median was $859,350, with the middle half between $537,500 and $1,781,250. The national median is $645,250, so this lender's typical loan is 33% higher than the national figure.
Which states does PlainsCapital Bank lend in?
Texas (39), Delaware (1). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does PlainsCapital Bank finance?
General Automotive Repair (4), Child Care Services (3), Plumbing, Heating, and Air-Conditioning Contractors (2), Full-Service Restaurants (2), Snack and Nonalcoholic Beverage Bars (2). The top industry is 10% of its acquisition loans.
How have PlainsCapital Bank's acquisition loans performed?
Of 22 loans approved FY2018 to FY2021: 4.5% charged off, 29% higher 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
- Texas acquisitions
- Delaware acquisitions
- General Automotive Repair
- Child Care Services
- Plumbing, Heating, and Air-Conditioning Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by PlainsCapital Bank.