Stone Bank: SBA business acquisition lending record
Stone Bank (home state AR) approved 46 SBA 7(a) loans to buy existing businesses since FY2018, totaling $48.6M. The median loan was $950,000. It ranks number 187 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.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $468,750 and $1,467,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (39% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Offices of Chiropractors is 11% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 495 SBA 7(a) loans of any purpose since FY2020, totaling $331M. 70% 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: 17.6% charged off, 401% higher than the 3.5% national average.
Stone Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 14 | $14M | $771,500 | |
| FY2019 | 11 | $9.6M | $843,000 | |
| FY2020 | 5 | $4.5M | $640,000 | |
| FY2021 | 4 | $6.6M | $1,666,000 | |
| FY2022 | 2 | $2.7M | $1,345,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $2M | $987,500 | |
| FY2026 | 8 | $9.2M | $906,500 |
How often do these acquisition loans fail?
Of the 34 Stone Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 6 have been charged off by the SBA, a rate of 17.6% by loan count and 6.9% by dollars. 12 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 Stone Bank is 401% higher 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 18 | 39.1% | $20.1M | |
| 2 | New York | 5 | 10.9% | $3.9M | |
| 3 | Kansas | 3 | 6.5% | $2.3M | |
| 4 | Alabama | 3 | 6.5% | $1.5M | |
| 5 | California | 2 | 4.3% | $2.8M | |
| 6 | Mississippi | 2 | 4.3% | $2.5M | |
| 7 | Pennsylvania | 2 | 4.3% | $1.8M | |
| 8 | Illinois | 2 | 4.3% | $381K | |
| 9 | Colorado | 1 | 2.2% | $2.4M | |
| 10 | Minnesota | 1 | 2.2% | $2.4M | |
| 11 | Maryland | 1 | 2.2% | $1.8M | |
| 12 | New Hampshire | 1 | 2.2% | $1.8M | |
| 13 | Arkansas | 1 | 2.2% | $1.6M | |
| 14 | Louisiana | 1 | 2.2% | $1.3M | |
| 15 | Virginia | 1 | 2.2% | $1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Offices of Chiropractors | 5 | 10.9% | $2.4M | |
| 2 | Gasoline Stations with Convenience Stores | 4 | 8.7% | $6.3M | |
| 3 | Broilers and Other Meat Type Chicken Production | 4 | 8.7% | $3.5M | |
| 4 | Hotels (except Casino Hotels) and Motels | 3 | 6.5% | $7.8M | |
| 5 | Car Washes | 3 | 6.5% | $4.3M | |
| 6 | Assisted Living Facilities for the Elderly | 2 | 4.3% | $1.1M | |
| 7 | Electrical Contractors and Other Wiring Installation Contractors | 1 | 2.2% | $2.4M |
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 | Clarion Inn | 1 | 2.2% | $2.8M | |
| 2 | Country Inn and Suites by Radisson | 1 | 2.2% | $2.8M | |
| 3 | Sunoco | 1 | 2.2% | $1.1M |
Questions buyers ask
Does Stone Bank make SBA acquisition loans?
Yes. Stone Bank approved 46 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 187 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 Stone Bank's acquisition loans?
The median was $950,000, with the middle half between $468,750 and $1,467,750. The national median is $645,250, so this lender's typical loan is 47% higher than the national figure.
Which states does Stone Bank lend in?
Florida (18), New York (5), Kansas (3), Alabama (3), California (2), Mississippi (2). Its loans span at least 15 states.
Which industries does Stone Bank finance?
Offices of Chiropractors (5), Gasoline Stations with Convenience Stores (4), Broilers and Other Meat Type Chicken Production (4), Hotels (except Casino Hotels) and Motels (3), Car Washes (3). The top industry is 11% of its acquisition loans.
How have Stone Bank's acquisition loans performed?
Of 34 loans approved FY2018 to FY2021: 17.6% charged off, 401% higher 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
- Florida acquisitions
- New York acquisitions
- Kansas acquisitions
- Offices of Chiropractors
- Gasoline Stations with Convenience Stores
- Broilers and Other Meat Type Chicken Production
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Stone Bank.