The MINT National Bank: SBA business acquisition lending record
The MINT National Bank (home state TX) approved 62 SBA 7(a) loans to buy existing businesses since FY2018, totaling $124M. The median loan was $1,525,000. It ranks number 144 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $845,000 and $3,095,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (34% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Hotels (except Casino Hotels) and Motels is 53% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 117 SBA 7(a) loans of any purpose since FY2020, totaling $253M. 98% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 58% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
The MINT National Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 12 | $18.5M | $1,093,500 | |
| FY2019 | 11 | $16.5M | $875,000 | |
| FY2020 | 12 | $31.5M | $2,615,000 | |
| FY2021 | 12 | $17.9M | $1,267,700 | |
| FY2022 | 3 | $12.2M | $5,000,000 | |
| FY2023 | 8 | $16.1M | $1,419,500 | |
| FY2024 | 1 | $3.3M | $3,300,000 | |
| FY2025 | 2 | $6.8M | $3,375,000 | |
| FY2026 | 1 | $1.6M | $1,570,000 |
How often do these acquisition loans fail?
Of the 47 The MINT National Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 27 have already been paid in full.
For comparison, The MINT National Bank has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same 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.
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 | Texas | 21 | 33.9% | $37.7M | |
| 2 | Florida | 12 | 19.4% | $19.2M | |
| 3 | Georgia | 7 | 11.3% | $25.2M | |
| 4 | Virginia | 3 | 4.8% | $11.1M | |
| 5 | Ohio | 3 | 4.8% | $2.9M | |
| 6 | New York | 3 | 4.8% | $2.1M | |
| 7 | Pennsylvania | 2 | 3.2% | $10M | |
| 8 | Alabama | 2 | 3.2% | $3.8M | |
| 9 | New Jersey | 2 | 3.2% | $2.3M | |
| 10 | Mississippi | 2 | 3.2% | $2M | |
| 11 | Missouri | 1 | 1.6% | $3.4M | |
| 12 | Vermont | 1 | 1.6% | $1.7M | |
| 13 | Iowa | 1 | 1.6% | $1.6M | |
| 14 | Minnesota | 1 | 1.6% | $835K | |
| 15 | Tennessee | 1 | 1.6% | $622K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 33 | 53.2% | $75.7M | |
| 2 | Gasoline Stations with Convenience Stores | 18 | 29.0% | $37.3M | |
| 3 | Beer, Wine, and Liquor Retailers | 2 | 3.2% | $1.6M | |
| 4 | Convenience Retailers | 1 | 1.6% | $3.4M | |
| 5 | Car Washes | 1 | 1.6% | $1.8M | |
| 6 | Assisted Living Facilities for the Elderly | 1 | 1.6% | $1.3M | |
| 7 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | 1.6% | $825K | |
| 8 | Offices of Certified Public Accountants | 1 | 1.6% | $825K | |
| 9 | Baked Goods Retailers | 1 | 1.6% | $558K | |
| 10 | Coin-Operated Laundries and Drycleaners | 1 | 1.6% | $530K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Motel 6 | 4 | 6.5% | $16.8M | |
| 2 | Red Roof Inn | 3 | 4.8% | $7.3M | |
| 3 | La Quinta | 2 | 3.2% | $7.1M | |
| 4 | Quality Inn | 2 | 3.2% | $6.8M | |
| 5 | Comfort Suites | 1 | 1.6% | $4.3M | |
| 6 | Suburban Studios | 1 | 1.6% | $3.2M | |
| 7 | SEI Fuel Services | 1 | 1.6% | $2.3M | |
| 8 | Rodeway Inn | 1 | 1.6% | $1.9M | |
| 9 | Travelodge | 1 | 1.6% | $1.7M | |
| 10 | Best Western | 1 | 1.6% | $1.7M |
Questions buyers ask
Does The MINT National Bank make SBA acquisition loans?
Yes. The MINT National Bank approved 62 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 144 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 MINT National Bank's acquisition loans?
The median was $1,525,000, with the middle half between $845,000 and $3,095,000. The national median is $645,250, so this lender's typical loan is 136% higher than the national figure.
Which states does The MINT National Bank lend in?
Texas (21), Florida (12), Georgia (7), Virginia (3), Ohio (3), New York (3). Its loans span at least 15 states.
Which industries does The MINT National Bank finance?
Hotels (except Casino Hotels) and Motels (33), Gasoline Stations with Convenience Stores (18), Beer, Wine, and Liquor Retailers (2), Convenience Retailers (1), Car Washes (1). The top industry is 53% of its acquisition loans.
How have The MINT National Bank's acquisition loans performed?
Of 47 loans approved FY2018 to FY2021: 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.
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
- Texas acquisitions
- Florida acquisitions
- Georgia acquisitions
- Hotels (except Casino Hotels) and Motels
- Gasoline Stations with Convenience Stores
- Beer, Wine, and Liquor Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by The MINT National Bank.