St. Louis Bank: SBA business acquisition lending record
St. Louis Bank (home state MO) approved 118 SBA 7(a) loans to buy existing businesses since FY2018, totaling $156M. The median loan was $935,000. It ranks number 85 of 280 lenders by count and made 0.2% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $479,750 and $1,669,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Arizona is the largest state (64% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 167 SBA 7(a) loans of any purpose since FY2020, totaling $185M. 89% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 9% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 2.2% charged off, 38% lower than the 3.5% national average.
St. Louis Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $550K | $550,000 | |
| FY2019 | 4 | $8.4M | $2,086,000 | |
| FY2020 | 21 | $28.7M | $954,000 | |
| FY2021 | 20 | $18M | $642,000 | |
| FY2022 | 20 | $30.8M | $1,263,500 | |
| FY2023 | 17 | $27.1M | $750,000 | |
| FY2024 | 16 | $17.9M | $826,500 | |
| FY2025 | 19 | $24.8M | $780,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Of the 46 St. Louis Bank 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 2.2% by loan count and 0.4% by dollars. 31 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 St. Louis Bank is 38% 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.
The purchase agreement decides what you bought, not the loan approval.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 7 | 5.9% | $12M | |
| 2 | Landscaping Services | 6 | 5.1% | $6.8M | |
| 3 | General Automotive Repair | 5 | 4.2% | $5.4M | |
| 4 | All Other Specialty Trade Contractors | 4 | 3.4% | $7.2M | |
| 5 | Other Services to Buildings and Dwellings | 3 | 2.5% | $3.8M | |
| 6 | Septic Tank and Related Services | 3 | 2.5% | $3.2M | |
| 7 | Clothing and Clothing Accessories Retailers | 3 | 2.5% | $2.8M | |
| 8 | Limited-Service Restaurants | 3 | 2.5% | $1.3M | |
| 9 | All Other Plastics Product Manufacturing | 2 | 1.7% | $8.6M | |
| 10 | Other Building Finishing Contractors | 2 | 1.7% | $5.9M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Any LabTest Now | 2 | 1.7% | $682K | |
| 2 | Carstar | 1 | 0.8% | $1.8M | |
| 3 | Jimmy John's | 1 | 0.8% | $1.6M | |
| 4 | CRDN | 1 | 0.8% | $1.2M | |
| 5 | Tire Pros | 1 | 0.8% | $756K | |
| 6 | Imo's Pizza | 1 | 0.8% | $707K |
Questions buyers ask
Does St. Louis Bank make SBA acquisition loans?
Yes. St. Louis Bank approved 118 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 85 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 St. Louis Bank's acquisition loans?
The median was $935,000, with the middle half between $479,750 and $1,669,500. The national median is $645,250, so this lender's typical loan is 45% higher than the national figure.
Which states does St. Louis Bank lend in?
Arizona (76), Missouri (36), Illinois (6). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does St. Louis Bank finance?
Full-Service Restaurants (7), Landscaping Services (6), General Automotive Repair (5), All Other Specialty Trade Contractors (4), Other Services to Buildings and Dwellings (3). The top industry is 6% of its acquisition loans.
How have St. Louis Bank's acquisition loans performed?
Of 46 loans approved FY2018 to FY2021: 2.2% charged off, 38% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Arizona acquisitions
- Missouri acquisitions
- Illinois acquisitions
- Full-Service Restaurants
- Landscaping Services
- General Automotive Repair
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by St. Louis Bank.