Valley National Bank: SBA business acquisition lending record
Valley National Bank (home state NJ) approved 56 SBA 7(a) loans to buy existing businesses since FY2018, totaling $71.8M. The median loan was $904,750. It ranks number 160 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.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $385,750 and $1,791,150. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Florida is the largest state (71% of loans). Loans appear in only 6 states, which points to a regional lender.
- Industry concentration. Limited-Service Restaurants is 7% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 264 SBA 7(a) loans of any purpose since FY2020, totaling $293M. 43% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 25% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2020: none charged off, against the 3.5% national average.
Valley National Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 16 | $11M | $575,000 | |
| FY2019 | 7 | $4.4M | $426,000 | |
| FY2020 | 4 | $3.2M | $583,500 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 4 | $8M | $2,316,000 | |
| FY2023 | 2 | $3.4M | $1,697,750 | |
| FY2024 | 9 | $13.5M | $1,000,000 | |
| FY2025 | 8 | $14M | $1,333,000 | |
| FY2026 | 6 | $14.3M | $1,947,000 |
How often do these acquisition loans fail?
Of the 27 Valley National Bank acquisition loans approved from FY2018 to FY2020 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 20 have already been paid in full.
For comparison, Valley National Bank has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the FY2018 to FY2021 cohort. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 4 | 7.1% | $3.5M | |
| 2 | Full-Service Restaurants | 4 | 7.1% | $1.7M | |
| 3 | Electrical Contractors and Other Wiring Installation Contractors | 3 | 5.4% | $6.5M | |
| 4 | All Other Amusement and Recreation Industries | 3 | 5.4% | $6.1M | |
| 5 | Child Care Services | 3 | 5.4% | $2.7M | |
| 6 | Insurance Agencies and Brokerages | 3 | 5.4% | $2.4M | |
| 7 | Hotels (except Casino Hotels) and Motels | 2 | 3.6% | $3.1M | |
| 8 | All Other Professional, Scientific, and Technical Services | 2 | 3.6% | $2.8M | |
| 9 | Offices of Certified Public Accountants | 2 | 3.6% | $1.7M | |
| 10 | Surveying and Mapping (except Geophysical) Services | 2 | 3.6% | $513K |
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 | Sky Zone | 1 | 1.8% | $3.1M | |
| 2 | Motel 6 | 1 | 1.8% | $2.3M | |
| 3 | Polaris | 1 | 1.8% | $922K | |
| 4 | Molly Maid | 1 | 1.8% | $405K | |
| 5 | Image360 | 1 | 1.8% | $343K | |
| 6 | Beef 'O' Brady's | 1 | 1.8% | $341K | |
| 7 | Tropical Smoothie Cafe | 1 | 1.8% | $296K | |
| 8 | Kiddie Academy | 1 | 1.8% | $288K |
Questions buyers ask
Does Valley National Bank make SBA acquisition loans?
Yes. Valley National Bank approved 56 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 160 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 Valley National Bank's acquisition loans?
The median was $904,750, with the middle half between $385,750 and $1,791,150. The national median is $645,250, so this lender's typical loan is 40% higher than the national figure.
Which states does Valley National Bank lend in?
Florida (40), Alabama (9), Louisiana (2), New York (2), New Jersey (2), Georgia (1). Its loans appear in 6 states, so it is closer to a regional lender.
Which industries does Valley National Bank finance?
Limited-Service Restaurants (4), Full-Service Restaurants (4), Electrical Contractors and Other Wiring Installation Contractors (3), All Other Amusement and Recreation Industries (3), Child Care Services (3). The top industry is 7% of its acquisition loans.
How have Valley National Bank's acquisition loans performed?
Of 27 loans approved FY2018 to FY2020: none charged off, against the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
The purchase agreement decides what you bought, not the loan approval.
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Related
- Florida acquisitions
- Alabama acquisitions
- Louisiana acquisitions
- Limited-Service Restaurants
- Full-Service Restaurants
- Electrical Contractors and Other Wiring Installation Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Valley National Bank.