United FCU: SBA business acquisition lending record
United FCU (home state MI) approved 64 SBA 7(a) loans to buy existing businesses since FY2018, totaling $62.9M. The median loan was $747,500. It ranks number 139 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $380,200 and $1,211,250. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Michigan is the largest state (53% of loans). Loans appear in only 13 states, which points to a regional lender.
- Industry concentration. Beer, Wine, and Liquor Retailers is 31% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 120 SBA 7(a) loans of any purpose since FY2020, totaling $140M. 61% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 20% 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.
United FCU acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.3M | $337,550 | |
| FY2019 | 6 | $1.9M | $266,900 | |
| FY2020 | 1 | $128K | $128,200 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 29 | $31.5M | $800,000 | |
| FY2026 | 24 | $28.1M | $913,950 |
How often do these acquisition loans fail?
Fewer than 20 United 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.
Terms signed in the LOI shape the purchase agreement that follows.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 34 | 53.1% | $29.3M | |
| 2 | North Carolina | 8 | 12.5% | $13.5M | |
| 3 | Florida | 6 | 9.4% | $4.4M | |
| 4 | Ohio | 4 | 6.3% | $1.4M | |
| 5 | Indiana | 3 | 4.7% | $6M | |
| 6 | New Jersey | 2 | 3.1% | $2M | |
| 7 | Minnesota | 1 | 1.6% | $1.8M | |
| 8 | New York | 1 | 1.6% | $1.2M | |
| 9 | Nevada | 1 | 1.6% | $815K | |
| 10 | Texas | 1 | 1.6% | $800K | |
| 11 | Wisconsin | 1 | 1.6% | $699K | |
| 12 | Illinois | 1 | 1.6% | $550K | |
| 13 | Oregon | 1 | 1.6% | $325K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 20 | 31.3% | $21.7M | |
| 2 | Limited-Service Restaurants | 6 | 9.4% | $4.7M | |
| 3 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 5 | 7.8% | $2.9M | |
| 4 | Landscaping Services | 5 | 7.8% | $2M | |
| 5 | Private Mail Centers | 3 | 4.7% | $1.6M | |
| 6 | Hotels (except Casino Hotels) and Motels | 2 | 3.1% | $7.9M | |
| 7 | Machine Shops | 2 | 3.1% | $3M | |
| 8 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | 3.1% | $1.5M | |
| 9 | Full-Service Restaurants | 2 | 3.1% | $975K | |
| 10 | General Automotive Repair | 2 | 3.1% | $834K |
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 | The UPS Store | 3 | 4.7% | $1.6M | |
| 2 | Dairy Queen | 2 | 3.1% | $2.6M | |
| 3 | Microtel Inn & Suites | 1 | 1.6% | $5M | |
| 4 | Quality Inn | 1 | 1.6% | $2.9M | |
| 5 | Edible Arrangements | 1 | 1.6% | $1.2M | |
| 6 | Subway | 1 | 1.6% | $671K | |
| 7 | Huntington Learning Center | 1 | 1.6% | $433K | |
| 8 | AAMCO Transmissions and Total Car Care | 1 | 1.6% | $347K |
Questions buyers ask
Does United FCU make SBA acquisition loans?
Yes. United FCU approved 64 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 139 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 FCU's acquisition loans?
The median was $747,500, with the middle half between $380,200 and $1,211,250. The national median is $645,250, so this lender's typical loan is 16% higher than the national figure.
Which states does United FCU lend in?
Michigan (34), North Carolina (8), Florida (6), Ohio (4), Indiana (3), New Jersey (2). Its loans appear in 13 states, so it is closer to a regional lender.
Which industries does United FCU finance?
Beer, Wine, and Liquor Retailers (20), Limited-Service Restaurants (6), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (5), Landscaping Services (5), Private Mail Centers (3). The top industry is 31% of its acquisition loans.
How have United 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.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Michigan acquisitions
- North Carolina acquisitions
- Florida acquisitions
- Beer, Wine, and Liquor Retailers
- Limited-Service Restaurants
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by United FCU.