Truliant FCU: SBA business acquisition lending record
Truliant FCU (home state NC) approved 222 SBA 7(a) loans to buy existing businesses since FY2018, totaling $338M. The median loan was $1,195,000. It ranks number 41 of 280 lenders by count and made 0.5% of all SBA acquisition loans nationally.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $542,075 and $2,092,750. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. North Carolina is the largest state (11% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Plumbing, Heating, and Air-Conditioning Contractors is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 361 SBA 7(a) loans of any purpose since FY2020, totaling $511M. 94% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 11% 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.
Truliant FCU acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $4.6M | $2,298,850 | |
| FY2022 | 1 | $1.3M | $1,336,000 | |
| FY2023 | 6 | $14.1M | $2,473,000 | |
| FY2024 | 35 | $64.8M | $1,647,000 | |
| FY2025 | 95 | $133M | $1,125,000 | |
| FY2026 | 83 | $120M | $1,125,000 |
How often do these acquisition loans fail?
Fewer than 20 Truliant FCU 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | North Carolina | 25 | 11.3% | $39.3M | |
| 2 | Texas | 16 | 7.2% | $25.2M | |
| 3 | Florida | 15 | 6.8% | $36.4M | |
| 4 | California | 15 | 6.8% | $28M | |
| 5 | Virginia | 15 | 6.8% | $24.4M | |
| 6 | Georgia | 11 | 5.0% | $18.8M | |
| 7 | New Jersey | 10 | 4.5% | $11.3M | |
| 8 | Pennsylvania | 10 | 4.5% | $9.7M | |
| 9 | New York | 9 | 4.1% | $11.5M | |
| 10 | South Carolina | 8 | 3.6% | $10.4M | |
| 11 | Illinois | 7 | 3.2% | $10.9M | |
| 12 | Massachusetts | 7 | 3.2% | $9.7M | |
| 13 | Colorado | 5 | 2.3% | $15.4M | |
| 14 | Montana | 5 | 2.3% | $10M | |
| 15 | Delaware | 5 | 2.3% | $9.8M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Plumbing, Heating, and Air-Conditioning Contractors | 13 | 5.9% | $20.8M | |
| 2 | Full-Service Restaurants | 11 | 5.0% | $7.7M | |
| 3 | Landscaping Services | 7 | 3.2% | $12.5M | |
| 4 | All Other Specialty Trade Contractors | 6 | 2.7% | $10.7M | |
| 5 | Electrical Contractors and Other Wiring Installation Contractors | 6 | 2.7% | $9.9M | |
| 6 | Limited-Service Restaurants | 6 | 2.7% | $3M | |
| 7 | Offices of Mental Health Practitioners (except Physicians) | 5 | 2.3% | $3.9M | |
| 8 | General Automotive Repair | 4 | 1.8% | $3.7M | |
| 9 | Other Services to Buildings and Dwellings | 4 | 1.8% | $3.6M | |
| 10 | Child Care Services | 4 | 1.8% | $3.2M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Tropical Smoothie Cafe | 3 | 1.4% | $1.7M | |
| 2 | CertaPro Painters | 1 | 0.5% | $3.4M | |
| 3 | Days Inn | 1 | 0.5% | $2.9M | |
| 4 | The Grounds Guys | 1 | 0.5% | $1.9M | |
| 5 | Sir Speedy | 1 | 0.5% | $1.9M | |
| 6 | Monster Tree Service | 1 | 0.5% | $1.5M | |
| 7 | Dairy Queen | 1 | 0.5% | $1.3M | |
| 8 | Express Employment Professionals | 1 | 0.5% | $950K | |
| 9 | Fully Promoted | 1 | 0.5% | $947K | |
| 10 | TeamLogic IT | 1 | 0.5% | $630K |
Questions buyers ask
Does Truliant FCU make SBA acquisition loans?
Yes. Truliant FCU approved 222 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 41 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 Truliant FCU's acquisition loans?
The median was $1,195,000, with the middle half between $542,075 and $2,092,750. The national median is $645,250, so this lender's typical loan is 85% higher than the national figure.
Which states does Truliant FCU lend in?
North Carolina (25), Texas (16), Florida (15), California (15), Virginia (15), Georgia (11). Its loans span at least 15 states.
Which industries does Truliant FCU finance?
Plumbing, Heating, and Air-Conditioning Contractors (13), Full-Service Restaurants (11), Landscaping Services (7), All Other Specialty Trade Contractors (6), Electrical Contractors and Other Wiring Installation Contractors (6). The top industry is 6% of its acquisition loans.
How have Truliant FCU'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.
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Related
- North Carolina acquisitions
- Texas acquisitions
- Florida acquisitions
- Plumbing, Heating, and Air-Conditioning Contractors
- Full-Service Restaurants
- Landscaping Services
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Truliant FCU.