The State Bank and Trust Company: SBA business acquisition lending record
The State Bank and Trust Company (home state OH) approved 28 SBA 7(a) loans to buy existing businesses since FY2018, totaling $21.4M. The median loan was $352,500. It ranks number 266 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.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $199,175 and $597,900. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Ohio is the largest state (75% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Industrial Machinery and Equipment Merchant Wholesalers is 14% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 72 SBA 7(a) loans of any purpose since FY2020, totaling $40M. 71% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 18% 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 State Bank and Trust Company acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $6M | $576,200 | |
| FY2019 | 7 | $3M | $310,000 | |
| FY2020 | 1 | $2M | $2,036,000 | |
| FY2021 | 4 | $486K | $126,400 | |
| FY2022 | 2 | $887K | $443,650 | |
| FY2023 | 8 | $5.3M | $353,000 | |
| FY2024 | 1 | $484K | $484,000 | |
| FY2025 | 2 | $3.4M | $1,675,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 The State 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.
The purchase agreement decides what you bought, not the loan approval.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Industrial Machinery and Equipment Merchant Wholesalers | 4 | 14.3% | $3.9M | |
| 2 | Home Centers | 4 | 14.3% | $1.7M | |
| 3 | All Other Specialty Trade Contractors | 3 | 10.7% | $5.4M | |
| 4 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 | 7.1% | $1.1M | |
| 5 | Other Foundation, Structure, and Building Exterior Contractors | 2 | 7.1% | $302K | |
| 6 | Coin-Operated Laundries and Drycleaners | 2 | 7.1% | $216K | |
| 7 | Used Car Dealers | 1 | 3.6% | $5M | |
| 8 | Snack and Nonalcoholic Beverage Bars | 1 | 3.6% | $1M | |
| 9 | Full-Service Restaurants | 1 | 3.6% | $576K |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ace Hardware | 2 | 7.1% | $832K | |
| 2 | Smoothie King | 1 | 3.6% | $1M |
Questions buyers ask
Does The State Bank and Trust Company make SBA acquisition loans?
Yes. The State Bank and Trust Company approved 28 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 266 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 State Bank and Trust Company's acquisition loans?
The median was $352,500, with the middle half between $199,175 and $597,900. The national median is $645,250, so this lender's typical loan is 45% lower than the national figure.
Which states does The State Bank and Trust Company lend in?
Ohio (21), Indiana (5), Michigan (2). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does The State Bank and Trust Company finance?
Industrial Machinery and Equipment Merchant Wholesalers (4), Home Centers (4), All Other Specialty Trade Contractors (3), Lessors of Nonresidential Buildings (except Miniwarehouses) (2), Other Foundation, Structure, and Building Exterior Contractors (2). The top industry is 14% of its acquisition loans.
How have The State 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- Ohio acquisitions
- Indiana acquisitions
- Michigan acquisitions
- Industrial Machinery and Equipment Merchant Wholesalers
- Home Centers
- All Other Specialty Trade Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by The State Bank and Trust Company.