U.S. Bank, National Association: SBA business acquisition lending record
U.S. Bank, National Association (home state OH) approved 434 SBA 7(a) loans to buy existing businesses since FY2018, totaling $338M. The median loan was $520,950. It ranks number 19 of 280 lenders by count and made 0.9% 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 $251,250 and $1,001,125. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (41% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. General Automotive Repair is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 15,983 SBA 7(a) loans of any purpose since FY2020, totaling $4.2B. 77% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 14% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 5.8% charged off, 64% higher than the 3.5% national average.
U.S. Bank, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 41 | $29.5M | $300,000 | |
| FY2019 | 57 | $38.3M | $393,500 | |
| FY2020 | 39 | $27.5M | $503,500 | |
| FY2021 | 55 | $35.5M | $349,900 | |
| FY2022 | 43 | $29.3M | $512,000 | |
| FY2023 | 33 | $21.8M | $496,000 | |
| FY2024 | 49 | $46.1M | $655,000 | |
| FY2025 | 70 | $63.7M | $688,100 | |
| FY2026 | 47 | $46.5M | $745,800 |
How often do these acquisition loans fail?
Of the 191 U.S. Bank, National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 11 have been charged off by the SBA, a rate of 5.8% by loan count and 1.4% by dollars. 83 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 U.S. Bank, National Association is 64% higher 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.
The purchase agreement decides what you bought, not the loan approval.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 176 | 40.6% | $166M | |
| 2 | Minnesota | 38 | 8.8% | $17.7M | |
| 3 | Colorado | 33 | 7.6% | $27.1M | |
| 4 | Washington | 33 | 7.6% | $24.7M | |
| 5 | Illinois | 19 | 4.4% | $8.2M | |
| 6 | Ohio | 16 | 3.7% | $7.4M | |
| 7 | Tennessee | 15 | 3.5% | $10M | |
| 8 | Oregon | 13 | 3.0% | $11.3M | |
| 9 | Utah | 12 | 2.8% | $6.5M | |
| 10 | Arizona | 10 | 2.3% | $12M | |
| 11 | Kentucky | 8 | 1.8% | $6M | |
| 12 | Missouri | 8 | 1.8% | $4.6M | |
| 13 | Nevada | 7 | 1.6% | $3.9M | |
| 14 | Iowa | 7 | 1.6% | $2M | |
| 15 | Idaho | 5 | 1.2% | $4.9M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | General Automotive Repair | 27 | 6.2% | $18.7M | |
| 2 | Offices of Certified Public Accountants | 19 | 4.4% | $16.7M | |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 9 | 2.1% | $6.7M | |
| 4 | Beer, Wine, and Liquor Retailers | 8 | 1.8% | $6.3M | |
| 5 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | 1.8% | $6M | |
| 6 | Other Miscellaneous Durable Goods Merchant Wholesalers | 7 | 1.6% | $6.9M | |
| 7 | Gift, Novelty, and Souvenir Retailers | 6 | 1.4% | $6.4M | |
| 8 | Child Care Services | 6 | 1.4% | $4.5M | |
| 9 | Limited-Service Restaurants | 6 | 1.4% | $4.3M | |
| 10 | All Other Personal Services | 6 | 1.4% | $3.4M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The UPS Store | 7 | 1.6% | $3.3M | |
| 2 | Budget Blinds | 4 | 0.9% | $849K | |
| 3 | Round Table Pizza | 3 | 0.7% | $3.6M | |
| 4 | Anytime Fitness | 2 | 0.5% | $1.2M | |
| 5 | Rocky Mountain Chocolate Factory | 2 | 0.5% | $1.1M | |
| 6 | Pearle Vision | 2 | 0.5% | $964K | |
| 7 | Baskin-Robbins | 2 | 0.5% | $416K | |
| 8 | CPR | 2 | 0.5% | $289K | |
| 9 | Sir Speedy | 2 | 0.5% | $127K | |
| 10 | Servpro | 1 | 0.2% | $1.7M |
Questions buyers ask
Does U.S. Bank, National Association make SBA acquisition loans?
Yes. U.S. Bank, National Association approved 434 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 19 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 U.S. Bank, National Association's acquisition loans?
The median was $520,950, with the middle half between $251,250 and $1,001,125. The national median is $645,250, so this lender's typical loan is 19% lower than the national figure.
Which states does U.S. Bank, National Association lend in?
California (176), Minnesota (38), Colorado (33), Washington (33), Illinois (19), Ohio (16). Its loans span at least 15 states.
Which industries does U.S. Bank, National Association finance?
General Automotive Repair (27), Offices of Certified Public Accountants (19), Plumbing, Heating, and Air-Conditioning Contractors (9), Beer, Wine, and Liquor Retailers (8), Automotive Body, Paint, and Interior Repair and Maintenance (8). The top industry is 6% of its acquisition loans.
How have U.S. Bank, National Association's acquisition loans performed?
Of 191 loans approved FY2018 to FY2021: 5.8% charged off, 64% higher than 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.
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Related
- California acquisitions
- Minnesota acquisitions
- Colorado acquisitions
- General Automotive Repair
- Offices of Certified Public Accountants
- Plumbing, Heating, and Air-Conditioning Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by U.S. Bank, National Association.