WesBanco Bank, Inc.: SBA business acquisition lending record
WesBanco Bank, Inc. (home state WV) approved 61 SBA 7(a) loans to buy existing businesses since FY2018, totaling $60M. The median loan was $500,000. It ranks number 146 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 $216,200 and $1,435,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Ohio is the largest state (75% of loans). Loans appear in only 8 states, which points to a regional lender.
- Industry concentration. Supermarkets and Other Grocery Retailers (except Convenience Retailers) is 5% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 262 SBA 7(a) loans of any purpose since FY2020, totaling $149M. 51% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 8% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
WesBanco Bank, Inc. acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $11.5M | $1,225,000 | |
| FY2019 | 5 | $3.5M | $595,000 | |
| FY2020 | 4 | $2.1M | $229,350 | |
| FY2021 | 13 | $21.7M | $1,435,000 | |
| FY2022 | 6 | $5.1M | $567,450 | |
| FY2023 | 3 | $1.2M | $367,500 | |
| FY2024 | 9 | $6.6M | $225,000 | |
| FY2025 | 3 | $3M | $458,000 | |
| FY2026 | 11 | $5.3M | $222,000 |
How often do these acquisition loans fail?
Of the 29 WesBanco Bank, Inc. acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 11 have already been paid in full.
For comparison, WesBanco Bank, Inc. has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same 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
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ohio | 46 | 75.4% | $46.2M | |
| 2 | Michigan | 5 | 8.2% | $1.9M | |
| 3 | Kentucky | 3 | 4.9% | $1.1M | |
| 4 | Virginia | 2 | 3.3% | $4.3M | |
| 5 | Indiana | 2 | 3.3% | $3.3M | |
| 6 | Pennsylvania | 1 | 1.6% | $1.2M | |
| 7 | Maryland | 1 | 1.6% | $1.2M | |
| 8 | West Virginia | 1 | 1.6% | $698K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | 4.9% | $2.3M | |
| 2 | Commercial and Institutional Building Construction | 3 | 4.9% | $2M | |
| 3 | Sign Manufacturing | 2 | 3.3% | $3.2M | |
| 4 | General Freight Trucking, Long-Distance, Truckload | 2 | 3.3% | $2.8M | |
| 5 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 2 | 3.3% | $1.5M | |
| 6 | Industrial Mold Manufacturing | 2 | 3.3% | $1.2M | |
| 7 | All Other Professional, Scientific, and Technical Services | 2 | 3.3% | $1.2M | |
| 8 | All Other Specialty Trade Contractors | 2 | 3.3% | $1.1M |
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 | The UPS Store | 2 | 3.3% | $393K | |
| 2 | Comfort Keepers | 1 | 1.6% | $849K | |
| 3 | Jimmy John's | 1 | 1.6% | $437K |
Questions buyers ask
Does WesBanco Bank, Inc. make SBA acquisition loans?
Yes. WesBanco Bank, Inc. approved 61 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 146 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 WesBanco Bank, Inc.'s acquisition loans?
The median was $500,000, with the middle half between $216,200 and $1,435,000. The national median is $645,250, so this lender's typical loan is 23% lower than the national figure.
Which states does WesBanco Bank, Inc. lend in?
Ohio (46), Michigan (5), Kentucky (3), Virginia (2), Indiana (2), Pennsylvania (1). Its loans appear in 8 states, so it is closer to a regional lender.
Which industries does WesBanco Bank, Inc. finance?
Supermarkets and Other Grocery Retailers (except Convenience Retailers) (3), Commercial and Institutional Building Construction (3), Sign Manufacturing (2), General Freight Trucking, Long-Distance, Truckload (2), Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (2). The top industry is 5% of its acquisition loans.
How have WesBanco Bank, Inc.'s acquisition loans performed?
Of 29 loans approved FY2018 to FY2021: 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- Ohio acquisitions
- Michigan acquisitions
- Kentucky acquisitions
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Commercial and Institutional Building Construction
- Sign Manufacturing
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by WesBanco Bank, Inc..