The Canandaigua National Bank and Trust Company: SBA business acquisition lending record
The Canandaigua National Bank and Trust Company (home state NY) approved 26 SBA 7(a) loans to buy existing businesses since FY2018, totaling $10M. The median loan was $302,500. It ranks number 276 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $171,750 and $489,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. New York is the largest state (100% of loans). Loans appear in only 1 states, which points to a regional lender.
- Industry concentration. Residential Remodelers is 8% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 91 SBA 7(a) loans of any purpose since FY2020, totaling $30.4M. 62% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 0% 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.
The Canandaigua National Bank and Trust Company acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $393K | $83,750 | |
| FY2019 | 3 | $1M | $348,500 | |
| FY2020 | 1 | $500K | $500,000 | |
| FY2021 | 4 | $924K | $184,400 | |
| FY2022 | 2 | $808K | $404,000 | |
| FY2023 | 1 | $192K | $192,000 | |
| FY2024 | 2 | $2M | $1,000,000 | |
| FY2025 | 3 | $983K | $200,000 | |
| FY2026 | 6 | $3.2M | $326,350 |
How often do these acquisition loans fail?
Fewer than 20 The Canandaigua National Bank and Trust Company 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 26 | 100.0% | $10M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Residential Remodelers | 2 | 7.7% | $2M | |
| 2 | Sheet Metal Work Manufacturing | 2 | 7.7% | $1.4M | |
| 3 | Offices of All Other Miscellaneous Health Practitioners | 2 | 7.7% | $1.2M | |
| 4 | Shoe Retailers | 2 | 7.7% | $585K | |
| 5 | All Other Consumer Goods Rental | 2 | 7.7% | $486K | |
| 6 | Pet Care (except Veterinary) Services | 2 | 7.7% | $339K | |
| 7 | Limited-Service Restaurants | 2 | 7.7% | $260K | |
| 8 | Machine Shops | 1 | 3.8% | $543K |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
Does The Canandaigua National Bank and Trust Company make SBA acquisition loans?
Yes. The Canandaigua National Bank and Trust Company approved 26 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 276 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 Canandaigua National Bank and Trust Company's acquisition loans?
The median was $302,500, with the middle half between $171,750 and $489,500. The national median is $645,250, so this lender's typical loan is 53% lower than the national figure.
Which states does The Canandaigua National Bank and Trust Company lend in?
New York (26). Its loans appear in 1 states, so it is closer to a regional lender.
Which industries does The Canandaigua National Bank and Trust Company finance?
Residential Remodelers (2), Sheet Metal Work Manufacturing (2), Offices of All Other Miscellaneous Health Practitioners (2), Shoe Retailers (2), All Other Consumer Goods Rental (2). The top industry is 8% of its acquisition loans.
How have The Canandaigua National Bank and Trust Company'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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- New York acquisitions
- Residential Remodelers
- Sheet Metal Work Manufacturing
- Offices of All Other Miscellaneous Health Practitioners
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by The Canandaigua National Bank and Trust Company.