United Community Bank: SBA business acquisition lending record
United Community Bank (home state SC) approved 297 SBA 7(a) loans to buy existing businesses since FY2018, totaling $272M. The median loan was $645,000. It ranks number 32 of 280 lenders by count and made 0.6% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $285,000 and $1,100,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Georgia is the largest state (22% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Limited-Service Restaurants is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 1,132 SBA 7(a) loans of any purpose since FY2020, totaling $947M. 72% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 30% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 3.8% charged off, 7% higher than the 3.5% national average.
United Community Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 47 | $44M | $510,000 | |
| FY2019 | 45 | $36.4M | $750,000 | |
| FY2020 | 38 | $28.3M | $468,750 | |
| FY2021 | 29 | $23.2M | $678,000 | |
| FY2022 | 24 | $23.2M | $695,000 | |
| FY2023 | 27 | $20.9M | $485,000 | |
| FY2024 | 32 | $33.8M | $800,000 | |
| FY2025 | 37 | $34.6M | $550,000 | |
| FY2026 | 18 | $27.1M | $840,000 |
How often do these acquisition loans fail?
Of the 159 United Community Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 6 have been charged off by the SBA, a rate of 3.8% by loan count and 3.8% by dollars. 98 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 United Community Bank is 7% 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 | Georgia | 66 | 22.2% | $56.4M | |
| 2 | Florida | 50 | 16.8% | $55.6M | |
| 3 | North Carolina | 41 | 13.8% | $33.4M | |
| 4 | South Carolina | 31 | 10.4% | $29.1M | |
| 5 | Texas | 19 | 6.4% | $16.4M | |
| 6 | Alabama | 18 | 6.1% | $20.2M | |
| 7 | Tennessee | 17 | 5.7% | $17.4M | |
| 8 | Illinois | 8 | 2.7% | $4.6M | |
| 9 | California | 5 | 1.7% | $5M | |
| 10 | New York | 5 | 1.7% | $3M | |
| 11 | Pennsylvania | 4 | 1.3% | $3.1M | |
| 12 | Colorado | 4 | 1.3% | $1.3M | |
| 13 | Virginia | 3 | 1.0% | $4.4M | |
| 14 | Oregon | 3 | 1.0% | $4M | |
| 15 | Washington | 3 | 1.0% | $2.2M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 18 | 6.1% | $15.6M | |
| 2 | Full-Service Restaurants | 16 | 5.4% | $12.4M | |
| 3 | Offices of Dentists | 14 | 4.7% | $12M | |
| 4 | Sign Manufacturing | 12 | 4.0% | $8.6M | |
| 5 | Snack and Nonalcoholic Beverage Bars | 11 | 3.7% | $10.9M | |
| 6 | Private Mail Centers | 11 | 3.7% | $5.8M | |
| 7 | All Other Specialty Trade Contractors | 10 | 3.4% | $12.6M | |
| 8 | Veterinary Services | 9 | 3.0% | $7.9M | |
| 9 | Pharmacies and Drug Retailers | 8 | 2.7% | $8M | |
| 10 | Other Services to Buildings and Dwellings | 7 | 2.4% | $4M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The UPS Store | 10 | 3.4% | $5.5M | |
| 2 | Domino's Pizza | 8 | 2.7% | $9.7M | |
| 3 | FASTSIGNS | 7 | 2.4% | $4.5M | |
| 4 | Signarama | 4 | 1.3% | $3.7M | |
| 5 | Crumbl | 3 | 1.0% | $5M | |
| 6 | Retrofitness | 3 | 1.0% | $2.7M | |
| 7 | Soccer Shots | 2 | 0.7% | $2.9M | |
| 8 | Bruster's Real Ice Cream | 2 | 0.7% | $2.9M | |
| 9 | Tropical Smoothie Cafe | 2 | 0.7% | $1.9M | |
| 10 | Coldwell Banker Commercial | 2 | 0.7% | $1.6M |
Questions buyers ask
Does United Community Bank make SBA acquisition loans?
Yes. United Community Bank approved 297 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 32 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 United Community Bank's acquisition loans?
The median was $645,000, with the middle half between $285,000 and $1,100,000. The national median is $645,250, so this lender's typical loan is in line with the national figure.
Which states does United Community Bank lend in?
Georgia (66), Florida (50), North Carolina (41), South Carolina (31), Texas (19), Alabama (18). Its loans span at least 15 states.
Which industries does United Community Bank finance?
Limited-Service Restaurants (18), Full-Service Restaurants (16), Offices of Dentists (14), Sign Manufacturing (12), Snack and Nonalcoholic Beverage Bars (11). The top industry is 6% of its acquisition loans.
How have United Community Bank's acquisition loans performed?
Of 159 loans approved FY2018 to FY2021: 3.8% charged off, 7% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- Georgia acquisitions
- Florida acquisitions
- North Carolina acquisitions
- Limited-Service Restaurants
- Full-Service Restaurants
- Offices of Dentists
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by United Community Bank.