Security National Bank of Omaha: SBA business acquisition lending record
Security National Bank of Omaha (home state NE) approved 36 SBA 7(a) loans to buy existing businesses since FY2018, totaling $51.5M. The median loan was $1,039,000. It ranks number 217 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 $599,825 and $2,106,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (81% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Child Care Services is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 118 SBA 7(a) loans of any purpose since FY2020, totaling $154M. 56% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 11% 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.
Security National Bank of Omaha acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $629K | $200,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 3 | $2.8M | $1,003,000 | |
| FY2022 | 8 | $16M | $2,085,000 | |
| FY2023 | 3 | $8.6M | $3,059,500 | |
| FY2024 | 7 | $8.5M | $563,300 | |
| FY2025 | 9 | $10.2M | $845,000 | |
| FY2026 | 3 | $4.7M | $1,383,000 |
How often do these acquisition loans fail?
Fewer than 20 Security National Bank of Omaha 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.
Terms signed in the LOI shape the purchase agreement that follows.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Child Care Services | 3 | 8.3% | $3.2M | |
| 2 | Wood Kitchen Cabinet and Countertop Manufacturing | 2 | 5.6% | $3.9M | |
| 3 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | 5.6% | $3.6M | |
| 4 | All Other Specialty Trade Contractors | 2 | 5.6% | $3M | |
| 5 | Exterminating and Pest Control Services | 2 | 5.6% | $1.8M | |
| 6 | Barber Shops | 2 | 5.6% | $545K | |
| 7 | Other Personal Care Services | 1 | 2.8% | $3.9M | |
| 8 | Motorcycle, ATV, and All Other Motor Vehicle Dealers | 1 | 2.8% | $3.5M | |
| 9 | Advertising Agencies | 1 | 2.8% | $3.1M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | FASTSIGNS | 1 | 2.8% | $2.3M | |
| 2 | Amazing Lash Studio | 1 | 2.8% | $677K | |
| 3 | Smoothie King | 1 | 2.8% | $50K |
Questions buyers ask
Does Security National Bank of Omaha make SBA acquisition loans?
Yes. Security National Bank of Omaha approved 36 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 217 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 Security National Bank of Omaha's acquisition loans?
The median was $1,039,000, with the middle half between $599,825 and $2,106,250. The national median is $645,250, so this lender's typical loan is 61% higher than the national figure.
Which states does Security National Bank of Omaha lend in?
Texas (29), Nebraska (6), Iowa (1). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does Security National Bank of Omaha finance?
Child Care Services (3), Wood Kitchen Cabinet and Countertop Manufacturing (2), Drycleaning and Laundry Services (except Coin-Operated) (2), All Other Specialty Trade Contractors (2), Exterminating and Pest Control Services (2). The top industry is 8% of its acquisition loans.
How have Security National Bank of Omaha'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.
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Related
- Texas acquisitions
- Nebraska acquisitions
- Iowa acquisitions
- Child Care Services
- Wood Kitchen Cabinet and Countertop Manufacturing
- Drycleaning and Laundry Services (except Coin-Operated)
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Security National Bank of Omaha.