PNC Bank, National Association: SBA business acquisition lending record
PNC Bank, National Association (home state DE) approved 310 SBA 7(a) loans to buy existing businesses since FY2018, totaling $329M. The median loan was $627,000. It ranks number 29 of 280 lenders by count and made 0.6% of all SBA acquisition loans nationally.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $340,675 and $1,367,475. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Pennsylvania is the largest state (14% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Limited-Service Restaurants is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 3,085 SBA 7(a) loans of any purpose since FY2020, totaling $1.1B. 84% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 17% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 0.5% charged off, 86% lower than the 3.5% national average.
PNC Bank, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 51 | $71.8M | $811,500 | |
| FY2019 | 69 | $59.4M | $551,200 | |
| FY2020 | 60 | $56.9M | $644,550 | |
| FY2021 | 16 | $14.9M | $625,500 | |
| FY2022 | 11 | $8.1M | $600,000 | |
| FY2023 | 40 | $42.6M | $702,750 | |
| FY2024 | 29 | $37.5M | $548,000 | |
| FY2025 | 14 | $21.7M | $579,750 | |
| FY2026 | 20 | $16.3M | $530,000 |
How often do these acquisition loans fail?
Of the 196 PNC Bank, National Association 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 0.5% by loan count and 0.0% by dollars. 85 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 PNC Bank, National Association is 86% 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.
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 | Pennsylvania | 44 | 14.2% | $28M | |
| 2 | Texas | 40 | 12.9% | $55.3M | |
| 3 | Colorado | 34 | 11.0% | $55.9M | |
| 4 | Ohio | 25 | 8.1% | $32.1M | |
| 5 | Florida | 23 | 7.4% | $29.5M | |
| 6 | New Jersey | 18 | 5.8% | $10.8M | |
| 7 | Arizona | 17 | 5.5% | $22.3M | |
| 8 | Illinois | 15 | 4.8% | $11.7M | |
| 9 | Michigan | 15 | 4.8% | $10.7M | |
| 10 | North Carolina | 12 | 3.9% | $12.2M | |
| 11 | California | 10 | 3.2% | $16.5M | |
| 12 | Indiana | 7 | 2.3% | $5.3M | |
| 13 | Georgia | 7 | 2.3% | $4.6M | |
| 14 | Maryland | 6 | 1.9% | $5.4M | |
| 15 | Alabama | 6 | 1.9% | $4.8M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 16 | 5.2% | $10.9M | |
| 2 | Child Care Services | 14 | 4.5% | $30.1M | |
| 3 | Full-Service Restaurants | 12 | 3.9% | $9.2M | |
| 4 | Offices of Chiropractors | 10 | 3.2% | $3.6M | |
| 5 | General Automotive Repair | 7 | 2.3% | $5.7M | |
| 6 | Veterinary Services | 6 | 1.9% | $8.2M | |
| 7 | Machine Shops | 6 | 1.9% | $6.8M | |
| 8 | Beer, Wine, and Liquor Retailers | 6 | 1.9% | $6.1M | |
| 9 | Other Personal Care Services | 6 | 1.9% | $3.3M | |
| 10 | All Other Specialty Trade Contractors | 6 | 1.9% | $2.7M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Kids 'R' Kids | 4 | 1.3% | $12.8M | |
| 2 | Massage Envy | 3 | 1.0% | $1.1M | |
| 3 | Primrose Schools | 2 | 0.6% | $4.5M | |
| 4 | Rita's Ice-Custard-Happiness | 2 | 0.6% | $437K | |
| 5 | Subway | 2 | 0.6% | $344K | |
| 6 | Children's Lighthouse Early Learning Schools | 1 | 0.3% | $4.8M | |
| 7 | The Goddard School | 1 | 0.3% | $4.6M | |
| 8 | Sport Clips | 1 | 0.3% | $2.3M | |
| 9 | Sonic | 1 | 0.3% | $1.9M | |
| 10 | Ace Hardware | 1 | 0.3% | $1.6M |
Questions buyers ask
Does PNC Bank, National Association make SBA acquisition loans?
Yes. PNC Bank, National Association approved 310 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 29 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 PNC Bank, National Association's acquisition loans?
The median was $627,000, with the middle half between $340,675 and $1,367,475. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does PNC Bank, National Association lend in?
Pennsylvania (44), Texas (40), Colorado (34), Ohio (25), Florida (23), New Jersey (18). Its loans span at least 15 states.
Which industries does PNC Bank, National Association finance?
Limited-Service Restaurants (16), Child Care Services (14), Full-Service Restaurants (12), Offices of Chiropractors (10), General Automotive Repair (7). The top industry is 5% of its acquisition loans.
How have PNC Bank, National Association's acquisition loans performed?
Of 196 loans approved FY2018 to FY2021: 0.5% charged off, 86% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Pennsylvania acquisitions
- Texas acquisitions
- Colorado acquisitions
- Limited-Service Restaurants
- Child Care Services
- Full-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by PNC Bank, National Association.