The Bancorp Bank National Association: SBA business acquisition lending record
The Bancorp Bank National Association (home state SD) approved 329 SBA 7(a) loans to buy existing businesses since FY2018, totaling $333M. The median loan was $762,000. It ranks number 22 of 280 lenders by count and made 0.7% of all SBA acquisition loans nationally.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $349,900 and $1,382,700. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (12% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Funeral Homes and Funeral Services is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 860 SBA 7(a) loans of any purpose since FY2020, totaling $806M. 97% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 26% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 1.9% charged off, 45% lower than the 3.5% national average.
The Bancorp Bank National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 21 | $31.7M | $1,287,000 | |
| FY2019 | 34 | $40.5M | $899,100 | |
| FY2020 | 42 | $28.9M | $389,200 | |
| FY2021 | 59 | $47.8M | $615,000 | |
| FY2022 | 25 | $18.9M | $617,800 | |
| FY2023 | 35 | $37.3M | $762,000 | |
| FY2024 | 28 | $18.5M | $497,400 | |
| FY2025 | 39 | $49.3M | $953,000 | |
| FY2026 | 46 | $59.9M | $1,113,750 |
How often do these acquisition loans fail?
Of the 156 The Bancorp Bank National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 1.9% by loan count and 0.4% by dollars. 82 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 The Bancorp Bank National Association is 45% 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.
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 | Florida | 38 | 11.6% | $32.8M | |
| 2 | Georgia | 28 | 8.5% | $23.4M | |
| 3 | California | 25 | 7.6% | $30.9M | |
| 4 | Arizona | 23 | 7.0% | $24.5M | |
| 5 | North Carolina | 22 | 6.7% | $18.3M | |
| 6 | Colorado | 21 | 6.4% | $21.9M | |
| 7 | Texas | 18 | 5.5% | $19.2M | |
| 8 | New Jersey | 14 | 4.3% | $17.8M | |
| 9 | Pennsylvania | 14 | 4.3% | $15.7M | |
| 10 | Michigan | 10 | 3.0% | $13.8M | |
| 11 | Washington | 9 | 2.7% | $4.4M | |
| 12 | New York | 8 | 2.4% | $14.5M | |
| 13 | Ohio | 8 | 2.4% | $10.5M | |
| 14 | Maryland | 8 | 2.4% | $5.1M | |
| 15 | Virginia | 8 | 2.4% | $4.5M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Funeral Homes and Funeral Services | 18 | 5.5% | $24.3M | |
| 2 | Limited-Service Restaurants | 17 | 5.2% | $9.4M | |
| 3 | Landscaping Services | 13 | 4.0% | $8M | |
| 4 | Hotels (except Casino Hotels) and Motels | 11 | 3.3% | $30.6M | |
| 5 | Drycleaning and Laundry Services (except Coin-Operated) | 10 | 3.0% | $6.3M | |
| 6 | All Other Specialty Trade Contractors | 9 | 2.7% | $12M | |
| 7 | Child Care Services | 9 | 2.7% | $10.5M | |
| 8 | Snack and Nonalcoholic Beverage Bars | 8 | 2.4% | $8.6M | |
| 9 | General Automotive Repair | 8 | 2.4% | $8.6M | |
| 10 | Full-Service Restaurants | 8 | 2.4% | $8.3M |
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 | The UPS Store | 7 | 2.1% | $3.5M | |
| 2 | Smoothie King | 4 | 1.2% | $2M | |
| 3 | Country Inn and Suites by Radisson | 3 | 0.9% | $7.9M | |
| 4 | Servpro | 3 | 0.9% | $4M | |
| 5 | U.S. Lawns | 3 | 0.9% | $3.5M | |
| 6 | Domino's Pizza | 3 | 0.9% | $1.3M | |
| 7 | Wild Birds Unlimited | 3 | 0.9% | $948K | |
| 8 | Best Western | 2 | 0.6% | $5.8M | |
| 9 | Baymont | 2 | 0.6% | $3.3M | |
| 10 | Grease Monkey | 2 | 0.6% | $2.5M |
Questions buyers ask
Does The Bancorp Bank National Association make SBA acquisition loans?
Yes. The Bancorp Bank National Association approved 329 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 22 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 The Bancorp Bank National Association's acquisition loans?
The median was $762,000, with the middle half between $349,900 and $1,382,700. The national median is $645,250, so this lender's typical loan is 18% higher than the national figure.
Which states does The Bancorp Bank National Association lend in?
Florida (38), Georgia (28), California (25), Arizona (23), North Carolina (22), Colorado (21). Its loans span at least 15 states.
Which industries does The Bancorp Bank National Association finance?
Funeral Homes and Funeral Services (18), Limited-Service Restaurants (17), Landscaping Services (13), Hotels (except Casino Hotels) and Motels (11), Drycleaning and Laundry Services (except Coin-Operated) (10). The top industry is 5% of its acquisition loans.
How have The Bancorp Bank National Association's acquisition loans performed?
Of 156 loans approved FY2018 to FY2021: 1.9% charged off, 45% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- Florida acquisitions
- Georgia acquisitions
- California acquisitions
- Funeral Homes and Funeral Services
- Limited-Service Restaurants
- Landscaping Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by The Bancorp Bank National Association.