Shinhan Bank America: SBA business acquisition lending record
Shinhan Bank America (home state NY) approved 30 SBA 7(a) loans to buy existing businesses since FY2018, totaling $31.4M. The median loan was $550,000. It ranks number 254 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 $288,750 and $1,040,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (40% of loans). Loans appear in only 6 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 30% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 99 SBA 7(a) loans of any purpose since FY2020, totaling $107M. 100% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 3% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2020: none charged off, against the 3.5% national average.
Shinhan Bank America acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 8 | $6.4M | $497,500 | |
| FY2019 | 7 | $3.8M | $450,000 | |
| FY2020 | 5 | $12M | $940,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $663K | $331,250 | |
| FY2025 | 7 | $8.4M | $950,000 | |
| FY2026 | 1 | $250K | $250,000 |
How often do these acquisition loans fail?
Of the 20 Shinhan Bank America acquisition loans approved from FY2018 to FY2020 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 15 have already been paid in full.
For comparison, Shinhan Bank America has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the FY2018 to FY2021 cohort. 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 | 12 | 40.0% | $18.4M | |
| 2 | Georgia | 6 | 20.0% | $2.7M | |
| 3 | Texas | 5 | 16.7% | $2.9M | |
| 4 | New Jersey | 3 | 10.0% | $4.3M | |
| 5 | New York | 3 | 10.0% | $2.1M | |
| 6 | Arizona | 1 | 3.3% | $1.1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 9 | 30.0% | $8.1M | |
| 2 | Drycleaning and Laundry Services (except Coin-Operated) | 5 | 16.7% | $2.2M | |
| 3 | Limited-Service Restaurants | 3 | 10.0% | $3.3M | |
| 4 | Car Washes | 2 | 6.7% | $6.3M | |
| 5 | Hotels (except Casino Hotels) and Motels | 1 | 3.3% | $5M | |
| 6 | Coin-Operated Laundries and Drycleaners | 1 | 3.3% | $2.8M | |
| 7 | Child Care Services | 1 | 3.3% | $950K | |
| 8 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | 3.3% | $860K | |
| 9 | Meat Retailers | 1 | 3.3% | $430K | |
| 10 | Drinking Places (Alcoholic Beverages) | 1 | 3.3% | $400K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Yogurtland | 1 | 3.3% | $150K |
Questions buyers ask
Does Shinhan Bank America make SBA acquisition loans?
Yes. Shinhan Bank America approved 30 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 254 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 Shinhan Bank America's acquisition loans?
The median was $550,000, with the middle half between $288,750 and $1,040,000. The national median is $645,250, so this lender's typical loan is 15% lower than the national figure.
Which states does Shinhan Bank America lend in?
California (12), Georgia (6), Texas (5), New Jersey (3), New York (3), Arizona (1). Its loans appear in 6 states, so it is closer to a regional lender.
Which industries does Shinhan Bank America finance?
Full-Service Restaurants (9), Drycleaning and Laundry Services (except Coin-Operated) (5), Limited-Service Restaurants (3), Car Washes (2), Hotels (except Casino Hotels) and Motels (1). The top industry is 30% of its acquisition loans.
How have Shinhan Bank America's acquisition loans performed?
Of 20 loans approved FY2018 to FY2020: none charged off, against the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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
- Georgia acquisitions
- Texas acquisitions
- Full-Service Restaurants
- Drycleaning and Laundry Services (except Coin-Operated)
- Limited-Service Restaurants
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Shinhan Bank America.