Plumas Bank: SBA business acquisition lending record
Plumas Bank (home state CA) approved 259 SBA 7(a) loans to buy existing businesses since FY2018, totaling $196M. The median loan was $531,000. It ranks number 38 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 $328,250 and $940,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (82% of loans). Loans appear in only 5 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 14% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 421 SBA 7(a) loans of any purpose since FY2020, totaling $336M. 96% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 1.9% charged off, 45% lower than the 3.5% national average.
Plumas Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 33 | $25.8M | $555,000 | |
| FY2019 | 40 | $23M | $500,000 | |
| FY2020 | 29 | $23.1M | $640,000 | |
| FY2021 | 54 | $45M | $512,500 | |
| FY2022 | 22 | $12.1M | $437,500 | |
| FY2023 | 17 | $15.7M | $500,000 | |
| FY2024 | 31 | $24.4M | $560,000 | |
| FY2025 | 23 | $20.8M | $638,000 | |
| FY2026 | 10 | $6M | $420,500 |
How often do these acquisition loans fail?
Of the 156 Plumas Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 1.9% by loan count and 1.0% by dollars. 75 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 Plumas Bank is 45% 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 | 212 | 81.9% | $163M | |
| 2 | Nevada | 34 | 13.1% | $22.2M | |
| 3 | Oregon | 9 | 3.5% | $5.7M | |
| 4 | Arizona | 3 | 1.2% | $3.4M | |
| 5 | Colorado | 1 | 0.4% | $2M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 36 | 13.9% | $24M | |
| 2 | Limited-Service Restaurants | 22 | 8.5% | $8.9M | |
| 3 | General Automotive Repair | 14 | 5.4% | $8.4M | |
| 4 | Child Care Services | 9 | 3.5% | $11.8M | |
| 5 | Gasoline Stations with Convenience Stores | 8 | 3.1% | $12.1M | |
| 6 | Offices of Certified Public Accountants | 8 | 3.1% | $2.2M | |
| 7 | Convenience Retailers | 7 | 2.7% | $5.1M | |
| 8 | Drinking Places (Alcoholic Beverages) | 6 | 2.3% | $3.1M | |
| 9 | Other Building Material Dealers | 5 | 1.9% | $6.4M | |
| 10 | Landscaping Services | 5 | 1.9% | $1.8M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Papa Murphy's Take 'N' Bake Pizza | 5 | 1.9% | $1.6M | |
| 2 | Van De Pol Enterprises | 1 | 0.4% | $3M | |
| 3 | Cinnabon | 1 | 0.4% | $2M | |
| 4 | Chevron | 1 | 0.4% | $1.6M | |
| 5 | Boyett Petroleum | 1 | 0.4% | $1M | |
| 6 | Home Instead | 1 | 0.4% | $700K | |
| 7 | Big O Tires | 1 | 0.4% | $531K | |
| 8 | Tire Pros | 1 | 0.4% | $526K | |
| 9 | Seniors Helping Seniors | 1 | 0.4% | $500K | |
| 10 | Mountain Mike's Pizza | 1 | 0.4% | $431K |
Questions buyers ask
Does Plumas Bank make SBA acquisition loans?
Yes. Plumas Bank approved 259 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 38 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 Plumas Bank's acquisition loans?
The median was $531,000, with the middle half between $328,250 and $940,000. The national median is $645,250, so this lender's typical loan is 18% lower than the national figure.
Which states does Plumas Bank lend in?
California (212), Nevada (34), Oregon (9), Arizona (3), Colorado (1). Its loans appear in 5 states, so it is closer to a regional lender.
Which industries does Plumas Bank finance?
Full-Service Restaurants (36), Limited-Service Restaurants (22), General Automotive Repair (14), Child Care Services (9), Gasoline Stations with Convenience Stores (8). The top industry is 14% of its acquisition loans.
How have Plumas Bank's acquisition loans performed?
Of 156 loans approved FY2018 to FY2021: 1.9% charged off, 45% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- California acquisitions
- Nevada acquisitions
- Oregon acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Plumas Bank.