Port 51 Lending LLC: SBA business acquisition lending record
Port 51 Lending LLC (home state NY) approved 152 SBA 7(a) loans to buy existing businesses since FY2018, totaling $231M. The median loan was $1,235,000. It ranks number 65 of 280 lenders by count and made 0.3% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $628,750 and $1,929,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (26% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Full-Service Restaurants is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 564 SBA 7(a) loans of any purpose since FY2020, totaling $906M. 95% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 7% 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.
Port 51 Lending LLC acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $4M | $394,000 | |
| FY2020 | 4 | $4.3M | $747,000 | |
| FY2021 | 8 | $9.4M | $821,750 | |
| FY2022 | 3 | $6M | $1,815,000 | |
| FY2023 | 9 | $9.3M | $900,000 | |
| FY2024 | 14 | $22.9M | $1,313,000 | |
| FY2025 | 58 | $97.2M | $1,297,500 | |
| FY2026 | 53 | $77.9M | $1,308,000 |
How often do these acquisition loans fail?
Fewer than 20 Port 51 Lending LLC 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 39 | 25.7% | $54.5M | |
| 2 | Florida | 23 | 15.1% | $38.1M | |
| 3 | Texas | 12 | 7.9% | $12M | |
| 4 | New Jersey | 9 | 5.9% | $12.2M | |
| 5 | North Carolina | 6 | 3.9% | $6.9M | |
| 6 | Colorado | 5 | 3.3% | $9.9M | |
| 7 | Illinois | 5 | 3.3% | $9.3M | |
| 8 | Georgia | 4 | 2.6% | $6.8M | |
| 9 | Arizona | 4 | 2.6% | $4M | |
| 10 | Oregon | 3 | 2.0% | $7.5M | |
| 11 | Washington | 3 | 2.0% | $2.8M | |
| 12 | Ohio | 3 | 2.0% | $2.5M | |
| 13 | Tennessee | 2 | 1.3% | $6.1M | |
| 14 | Montana | 2 | 1.3% | $5.7M | |
| 15 | Wyoming | 2 | 1.3% | $5.2M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 11 | 7.2% | $14M | |
| 2 | Limited-Service Restaurants | 8 | 5.3% | $6.2M | |
| 3 | General Automotive Repair | 6 | 3.9% | $5.8M | |
| 4 | Landscaping Services | 4 | 2.6% | $6.1M | |
| 5 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | 2.6% | $5.4M | |
| 6 | General Freight Trucking, Local | 4 | 2.6% | $5M | |
| 7 | Beauty Salons | 4 | 2.6% | $3M | |
| 8 | Hotels (except Casino Hotels) and Motels | 3 | 2.0% | $10.3M | |
| 9 | Beer, Wine, and Liquor Retailers | 3 | 2.0% | $7.2M | |
| 10 | Engineering Services | 3 | 2.0% | $6.6M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Travelodge | 1 | 0.7% | $3.2M | |
| 2 | CertaPro Painters | 1 | 0.7% | $2.5M | |
| 3 | SYNERGY HomeCare | 1 | 0.7% | $1.2M | |
| 4 | Togo's | 1 | 0.7% | $995K | |
| 5 | Sir Speedy | 1 | 0.7% | $710K | |
| 6 | Burn Boot Camp Fitness | 1 | 0.7% | $610K |
Questions buyers ask
Does Port 51 Lending LLC make SBA acquisition loans?
Yes. Port 51 Lending LLC approved 152 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 65 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 Port 51 Lending LLC's acquisition loans?
The median was $1,235,000, with the middle half between $628,750 and $1,929,500. The national median is $645,250, so this lender's typical loan is 91% higher than the national figure.
Which states does Port 51 Lending LLC lend in?
California (39), Florida (23), Texas (12), New Jersey (9), North Carolina (6), Colorado (5). Its loans span at least 15 states.
Which industries does Port 51 Lending LLC finance?
Full-Service Restaurants (11), Limited-Service Restaurants (8), General Automotive Repair (6), Landscaping Services (4), Plumbing, Heating, and Air-Conditioning Contractors (4). The top industry is 7% of its acquisition loans.
How have Port 51 Lending LLC'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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- California acquisitions
- Florida acquisitions
- Texas 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 Port 51 Lending LLC.