United Midwest Savings Bank National Association: SBA business acquisition lending record
United Midwest Savings Bank National Association (home state OH) approved 667 SBA 7(a) loans to buy existing businesses since FY2018, totaling $739M. The median loan was $770,000. It ranks number 7 of 280 lenders by count and made 1.4% 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 $405,000 and $1,500,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (10% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Insurance Agencies and Brokerages is 17% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 5,109 SBA 7(a) loans of any purpose since FY2020, totaling $1.8B. 99% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 0.8% charged off, 76% lower than the 3.5% national average.
United Midwest Savings Bank National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 30 | $38.6M | $1,447,500 | |
| FY2019 | 36 | $60.2M | $1,526,500 | |
| FY2020 | 55 | $72.2M | $755,000 | |
| FY2021 | 116 | $140M | $961,500 | |
| FY2022 | 82 | $109M | $1,008,000 | |
| FY2023 | 75 | $72.4M | $561,000 | |
| FY2024 | 102 | $92M | $643,250 | |
| FY2025 | 78 | $72.4M | $703,250 | |
| FY2026 | 93 | $82.4M | $698,000 |
How often do these acquisition loans fail?
Of the 237 United Midwest Savings Bank National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 0.8% by loan count and 0.3% by dollars. 127 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 Midwest Savings Bank National Association is 76% lower 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 70 | 10.5% | $60.2M | |
| 2 | Ohio | 68 | 10.2% | $97M | |
| 3 | Texas | 58 | 8.7% | $67.6M | |
| 4 | California | 56 | 8.4% | $52.7M | |
| 5 | Arizona | 33 | 4.9% | $21.3M | |
| 6 | North Carolina | 26 | 3.9% | $29.3M | |
| 7 | Oregon | 24 | 3.6% | $24.1M | |
| 8 | New York | 22 | 3.3% | $26M | |
| 9 | Georgia | 22 | 3.3% | $19.2M | |
| 10 | Michigan | 21 | 3.1% | $22.6M | |
| 11 | Alabama | 20 | 3.0% | $22.1M | |
| 12 | Indiana | 18 | 2.7% | $30.2M | |
| 13 | Washington | 17 | 2.5% | $14.9M | |
| 14 | Virginia | 15 | 2.2% | $20.2M | |
| 15 | Pennsylvania | 15 | 2.2% | $17.8M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Insurance Agencies and Brokerages | 112 | 16.8% | $97.7M | |
| 2 | Offices of Dentists | 108 | 16.2% | $152M | |
| 3 | Offices of Chiropractors | 91 | 13.6% | $45.4M | |
| 4 | Hotels (except Casino Hotels) and Motels | 76 | 11.4% | $191M | |
| 5 | Offices of Certified Public Accountants | 38 | 5.7% | $34.2M | |
| 6 | Funeral Homes and Funeral Services | 27 | 4.0% | $38.8M | |
| 7 | Other Accounting Services | 19 | 2.8% | $21.1M | |
| 8 | Tax Preparation Services | 15 | 2.2% | $12.7M | |
| 9 | Offices of Physicians (except Mental Health Specialists) | 8 | 1.2% | $8.3M | |
| 10 | Plumbing, Heating, and Air-Conditioning Contractors | 7 | 1.0% | $6.4M |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Super 8 | 8 | 1.2% | $15.7M | |
| 2 | Quality Inn | 7 | 1.0% | $21.5M | |
| 3 | Days Inn | 7 | 1.0% | $15M | |
| 4 | Motel 6 | 6 | 0.9% | $15.6M | |
| 5 | Best Western | 4 | 0.6% | $14.7M | |
| 6 | Red Roof Inn | 4 | 0.6% | $12.9M | |
| 7 | Comfort Inn | 4 | 0.6% | $11.5M | |
| 8 | Econo Lodge | 4 | 0.6% | $6.7M | |
| 9 | La Quinta | 3 | 0.4% | $10M | |
| 10 | Baymont | 3 | 0.4% | $6.8M |
Questions buyers ask
Does United Midwest Savings Bank National Association make SBA acquisition loans?
Yes. United Midwest Savings Bank National Association approved 667 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 7 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 Midwest Savings Bank National Association's acquisition loans?
The median was $770,000, with the middle half between $405,000 and $1,500,000. The national median is $645,250, so this lender's typical loan is 19% higher than the national figure.
Which states does United Midwest Savings Bank National Association lend in?
Florida (70), Ohio (68), Texas (58), California (56), Arizona (33), North Carolina (26). Its loans span at least 15 states.
Which industries does United Midwest Savings Bank National Association finance?
Insurance Agencies and Brokerages (112), Offices of Dentists (108), Offices of Chiropractors (91), Hotels (except Casino Hotels) and Motels (76), Offices of Certified Public Accountants (38). The top industry is 17% of its acquisition loans.
How have United Midwest Savings Bank National Association's acquisition loans performed?
Of 237 loans approved FY2018 to FY2021: 0.8% charged off, 76% lower 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
- Florida acquisitions
- Ohio acquisitions
- Texas acquisitions
- Insurance Agencies and Brokerages
- Offices of Dentists
- Offices of Chiropractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by United Midwest Savings Bank National Association.