Woori America Bank: SBA business acquisition lending record
Woori America Bank (home state NY) approved 58 SBA 7(a) loans to buy existing businesses since FY2018, totaling $62.2M. The median loan was $527,500. It ranks number 154 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $300,000 and $1,675,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. California is the largest state (36% of loans). Loans appear in only 9 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 14% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 345 SBA 7(a) loans of any purpose since FY2020, totaling $329M. 98% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 22% 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.
Woori America Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.4M | $425,000 | |
| FY2019 | 6 | $4.7M | $205,000 | |
| FY2020 | 1 | $1.5M | $1,450,000 | |
| FY2021 | 2 | $330K | $165,000 | |
| FY2022 | 7 | $6.7M | $585,000 | |
| FY2023 | 10 | $15.5M | $785,000 | |
| FY2024 | 4 | $5.2M | $1,025,000 | |
| FY2025 | 13 | $10.5M | $500,000 | |
| FY2026 | 11 | $16.4M | $810,000 |
How often do these acquisition loans fail?
Fewer than 20 Woori America 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 21 | 36.2% | $22.3M | |
| 2 | New York | 10 | 17.2% | $9.4M | |
| 3 | Pennsylvania | 10 | 17.2% | $4.4M | |
| 4 | Texas | 6 | 10.3% | $14.4M | |
| 5 | Virginia | 3 | 5.2% | $1.3M | |
| 6 | North Carolina | 2 | 3.4% | $4.6M | |
| 7 | Washington | 2 | 3.4% | $3.1M | |
| 8 | Illinois | 2 | 3.4% | $2.1M | |
| 9 | New Jersey | 2 | 3.4% | $680K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 8 | 13.8% | $5.2M | |
| 2 | Limited-Service Restaurants | 8 | 13.8% | $3.6M | |
| 3 | Beer, Wine, and Liquor Retailers | 7 | 12.1% | $5.7M | |
| 4 | Snack and Nonalcoholic Beverage Bars | 6 | 10.3% | $4.7M | |
| 5 | Drycleaning and Laundry Services (except Coin-Operated) | 6 | 10.3% | $2.4M | |
| 6 | Hotels (except Casino Hotels) and Motels | 5 | 8.6% | $17.7M | |
| 7 | Car Washes | 3 | 5.2% | $4.8M | |
| 8 | Cosmetics, Beauty Supplies, and Perfume Stores | 3 | 5.2% | $2.6M | |
| 9 | Coin-Operated Laundries and Drycleaners | 2 | 3.4% | $6.1M | |
| 10 | Baked Goods Retailers | 2 | 3.4% | $3.3M |
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 | It's Boba Time | 5 | 8.6% | $3M | |
| 2 | Holiday Inn Express | 2 | 3.4% | $7M | |
| 3 | La Quinta | 1 | 1.7% | $3.6M | |
| 4 | Denny's | 1 | 1.7% | $1.7M | |
| 5 | Paris Baguette | 1 | 1.7% | $1.5M |
Questions buyers ask
Does Woori America Bank make SBA acquisition loans?
Yes. Woori America Bank approved 58 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 154 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 Woori America Bank's acquisition loans?
The median was $527,500, with the middle half between $300,000 and $1,675,000. The national median is $645,250, so this lender's typical loan is 18% lower than the national figure.
Which states does Woori America Bank lend in?
California (21), New York (10), Pennsylvania (10), Texas (6), Virginia (3), North Carolina (2). Its loans appear in 9 states, so it is closer to a regional lender.
Which industries does Woori America Bank finance?
Full-Service Restaurants (8), Limited-Service Restaurants (8), Beer, Wine, and Liquor Retailers (7), Snack and Nonalcoholic Beverage Bars (6), Drycleaning and Laundry Services (except Coin-Operated) (6). The top industry is 14% of its acquisition loans.
How have Woori America 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
- California acquisitions
- New York acquisitions
- Pennsylvania acquisitions
- Full-Service Restaurants
- Limited-Service Restaurants
- Beer, Wine, and Liquor Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Woori America Bank.