Wallis Bank: SBA business acquisition lending record
Wallis Bank (home state TX) approved 49 SBA 7(a) loans to buy existing businesses since FY2018, totaling $73.1M. The median loan was $990,000. It ranks number 183 of 280 lenders by count and made 0.1% 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 $667,500 and $2,166,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Texas is the largest state (51% of loans). Loans appear in only 10 states, which points to a regional lender.
- Industry concentration. Gasoline Stations with Convenience Stores is 47% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 630 SBA 7(a) loans of any purpose since FY2020, totaling $972M. 96% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 35% 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.
Wallis Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $6M | $1,664,500 | |
| FY2019 | 3 | $2.8M | $433,000 | |
| FY2020 | 9 | $11.4M | $1,314,000 | |
| FY2021 | 1 | $1.6M | $1,600,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $1.9M | $1,904,000 | |
| FY2024 | 14 | $31M | $1,851,000 | |
| FY2025 | 16 | $15.7M | $686,500 | |
| FY2026 | 1 | $2.7M | $2,662,000 |
How often do these acquisition loans fail?
Fewer than 20 Wallis 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.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 25 | 51.0% | $41M | |
| 2 | Montana | 8 | 16.3% | $7.8M | |
| 3 | North Dakota | 5 | 10.2% | $4.2M | |
| 4 | California | 4 | 8.2% | $1.7M | |
| 5 | Georgia | 2 | 4.1% | $5.4M | |
| 6 | Arizona | 1 | 2.0% | $4.1M | |
| 7 | Louisiana | 1 | 2.0% | $3M | |
| 8 | South Carolina | 1 | 2.0% | $2.6M | |
| 9 | Tennessee | 1 | 2.0% | $2.2M | |
| 10 | Kentucky | 1 | 2.0% | $1.1M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 23 | 46.9% | $31.4M | |
| 2 | Hotels (except Casino Hotels) and Motels | 8 | 16.3% | $18.4M | |
| 3 | Beer, Wine, and Liquor Retailers | 3 | 6.1% | $1.7M | |
| 4 | Child Care Services | 2 | 4.1% | $768K | |
| 5 | Precision Turned Product Manufacturing | 1 | 2.0% | $4.6M | |
| 6 | Motorcycle, ATV, and All Other Motor Vehicle Dealers | 1 | 2.0% | $4.4M | |
| 7 | Limited-Service Restaurants | 1 | 2.0% | $3.1M | |
| 8 | Assisted Living Facilities for the Elderly | 1 | 2.0% | $1.9M | |
| 9 | Home Health Care Services | 1 | 2.0% | $812K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Sleep Inn | 2 | 4.1% | $5.7M | |
| 2 | Econo Lodge | 2 | 4.1% | $3.5M | |
| 3 | Howard Johnson | 1 | 2.0% | $2.6M | |
| 4 | SEI Fuel Services | 1 | 2.0% | $2.3M | |
| 5 | Clarion Inn | 1 | 2.0% | $2.2M | |
| 6 | King Fuels | 1 | 2.0% | $1.5M | |
| 7 | Best Western | 1 | 2.0% | $1.4M | |
| 8 | Circle K | 1 | 2.0% | $1.3M | |
| 9 | Chevron | 1 | 2.0% | $572K | |
| 10 | The Learning Experience | 1 | 2.0% | $500K |
Questions buyers ask
Does Wallis Bank make SBA acquisition loans?
Yes. Wallis Bank approved 49 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 183 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 Wallis Bank's acquisition loans?
The median was $990,000, with the middle half between $667,500 and $2,166,000. The national median is $645,250, so this lender's typical loan is 53% higher than the national figure.
Which states does Wallis Bank lend in?
Texas (25), Montana (8), North Dakota (5), California (4), Georgia (2), Arizona (1). Its loans appear in 10 states, so it is closer to a regional lender.
Which industries does Wallis Bank finance?
Gasoline Stations with Convenience Stores (23), Hotels (except Casino Hotels) and Motels (8), Beer, Wine, and Liquor Retailers (3), Child Care Services (2), Precision Turned Product Manufacturing (1). The top industry is 47% of its acquisition loans.
How have Wallis 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.
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Related
- Texas acquisitions
- Montana acquisitions
- North Dakota acquisitions
- Gasoline Stations with Convenience Stores
- Hotels (except Casino Hotels) and Motels
- Beer, Wine, and Liquor Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Wallis Bank.