Unity Bank: SBA business acquisition lending record
Unity Bank (home state NJ) approved 33 SBA 7(a) loans to buy existing businesses since FY2018, totaling $46.1M. The median loan was $1,200,000. It ranks number 238 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $628,800 and $1,695,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. New Jersey is the largest state (79% of loans). Loans appear in only 5 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 33% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 123 SBA 7(a) loans of any purpose since FY2020, totaling $148M. 94% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 9% 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.
Unity Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $350K | $350,000 | |
| FY2019 | 5 | $4.9M | $1,122,600 | |
| FY2020 | 7 | $9.4M | $878,000 | |
| FY2021 | 4 | $7.5M | $1,825,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $1.2M | $601,850 | |
| FY2024 | 1 | $1.2M | $1,240,000 | |
| FY2025 | 7 | $9M | $1,300,000 | |
| FY2026 | 6 | $12.5M | $1,725,700 |
How often do these acquisition loans fail?
Fewer than 20 Unity Bank 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New Jersey | 26 | 78.8% | $37.7M | |
| 2 | Pennsylvania | 2 | 6.1% | $4.2M | |
| 3 | New York | 2 | 6.1% | $1.2M | |
| 4 | Minnesota | 2 | 6.1% | $849K | |
| 5 | Massachusetts | 1 | 3.0% | $2.2M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 11 | 33.3% | $14.8M | |
| 2 | Pharmacies and Drug Retailers | 3 | 9.1% | $5.9M | |
| 3 | Beer, Wine, and Liquor Retailers | 2 | 6.1% | $4.4M | |
| 4 | Hotels (except Casino Hotels) and Motels | 2 | 6.1% | $4.1M | |
| 5 | Wineries | 1 | 3.0% | $4.8M | |
| 6 | Gasoline Stations with Convenience Stores | 1 | 3.0% | $2.2M | |
| 7 | General Freight Trucking, Long-Distance, Truckload | 1 | 3.0% | $1.5M | |
| 8 | Car Washes | 1 | 3.0% | $1.3M | |
| 9 | Caterers | 1 | 3.0% | $1.2M | |
| 10 | General Automotive Repair | 1 | 3.0% | $1.2M |
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 | Retrofitness | 1 | 3.0% | $1.1M | |
| 2 | Dairy Queen | 1 | 3.0% | $754K | |
| 3 | The UPS Store | 1 | 3.0% | $270K |
Questions buyers ask
Does Unity Bank make SBA acquisition loans?
Yes. Unity Bank approved 33 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 238 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 Unity Bank's acquisition loans?
The median was $1,200,000, with the middle half between $628,800 and $1,695,000. The national median is $645,250, so this lender's typical loan is 86% higher than the national figure.
Which states does Unity Bank lend in?
New Jersey (26), Pennsylvania (2), New York (2), Minnesota (2), Massachusetts (1). Its loans appear in 5 states, so it is closer to a regional lender.
Which industries does Unity Bank finance?
Full-Service Restaurants (11), Pharmacies and Drug Retailers (3), Beer, Wine, and Liquor Retailers (2), Hotels (except Casino Hotels) and Motels (2), Wineries (1). The top industry is 33% of its acquisition loans.
How have Unity Bank'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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- New Jersey acquisitions
- Pennsylvania acquisitions
- New York acquisitions
- Full-Service Restaurants
- Pharmacies and Drug Retailers
- Beer, Wine, and Liquor Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Unity Bank.