Quaint Oak Bank: SBA business acquisition lending record
Quaint Oak Bank (home state PA) approved 30 SBA 7(a) loans to buy existing businesses since FY2018, totaling $37.3M. The median loan was $635,000. It ranks number 253 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $276,500 and $2,090,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Pennsylvania is the largest state (43% of loans). Loans appear in only 8 states, which points to a regional lender.
- Industry concentration. Landscaping Services is 13% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 157 SBA 7(a) loans of any purpose since FY2020, totaling $113M. 33% 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. Too few of its loans are old enough to measure a charge-off rate.
Quaint Oak Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $350K | $350,000 | |
| FY2019 | 1 | $550K | $550,000 | |
| FY2020 | 2 | $940K | $470,000 | |
| FY2021 | 1 | $2.4M | $2,441,000 | |
| FY2022 | 6 | $6.6M | $323,000 | |
| FY2023 | 4 | $4.8M | $1,227,000 | |
| FY2024 | 1 | $4.8M | $4,800,000 | |
| FY2025 | 2 | $2.4M | $1,218,500 | |
| FY2026 | 12 | $14.4M | $684,700 |
How often do these acquisition loans fail?
Fewer than 20 Quaint Oak Bank 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 | Pennsylvania | 13 | 43.3% | $17.2M | |
| 2 | New Jersey | 5 | 16.7% | $4.2M | |
| 3 | Maryland | 3 | 10.0% | $4.1M | |
| 4 | New York | 3 | 10.0% | $2M | |
| 5 | Georgia | 2 | 6.7% | $5M | |
| 6 | Minnesota | 2 | 6.7% | $3.3M | |
| 7 | Vermont | 1 | 3.3% | $1.1M | |
| 8 | Texas | 1 | 3.3% | $516K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Landscaping Services | 4 | 13.3% | $8.3M | |
| 2 | Full-Service Restaurants | 2 | 6.7% | $5.2M | |
| 3 | Janitorial Services | 2 | 6.7% | $3.6M | |
| 4 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 2 | 6.7% | $1.8M | |
| 5 | General Automotive Repair | 2 | 6.7% | $936K | |
| 6 | Clothing and Clothing Accessories Retailers | 2 | 6.7% | $904K | |
| 7 | Fitness and Recreational Sports Centers | 1 | 3.3% | $3M | |
| 8 | Remediation Services | 1 | 3.3% | $2.5M | |
| 9 | Offices of Physicians (except Mental Health Specialists) | 1 | 3.3% | $2.4M | |
| 10 | Hotels (except Casino Hotels) and Motels | 1 | 3.3% | $2.1M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 1 | 3.3% | $2.5M | |
| 2 | The UPS Store | 1 | 3.3% | $462K | |
| 3 | Signarama | 1 | 3.3% | $250K | |
| 4 | AAMCO Transmissions and Total Car Care | 1 | 3.3% | $216K |
Questions buyers ask
Does Quaint Oak Bank make SBA acquisition loans?
Yes. Quaint Oak Bank approved 30 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 253 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 Quaint Oak Bank's acquisition loans?
The median was $635,000, with the middle half between $276,500 and $2,090,750. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does Quaint Oak Bank lend in?
Pennsylvania (13), New Jersey (5), Maryland (3), New York (3), Georgia (2), Minnesota (2). Its loans appear in 8 states, so it is closer to a regional lender.
Which industries does Quaint Oak Bank finance?
Landscaping Services (4), Full-Service Restaurants (2), Janitorial Services (2), Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (2), General Automotive Repair (2). The top industry is 13% of its acquisition loans.
How have Quaint Oak Bank'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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- Pennsylvania acquisitions
- New Jersey acquisitions
- Maryland acquisitions
- Landscaping Services
- Full-Service Restaurants
- Janitorial Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Quaint Oak Bank.