Zions Bancorporation, National Association: SBA business acquisition lending record
Zions Bancorporation, National Association (home state UT) approved 308 SBA 7(a) loans to buy existing businesses since FY2018, totaling $261M. The median loan was $491,000. It ranks number 31 of 280 lenders by count and made 0.6% 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 $195,250 and $1,000,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Utah is the largest state (25% of loans). Loans appear in only 12 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 4% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 3,716 SBA 7(a) loans of any purpose since FY2020, totaling $1.2B. 85% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 12% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 4.4% charged off, 25% higher than the 3.5% national average.
Zions Bancorporation, National Association acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 8 | $8.3M | $339,500 | |
| FY2019 | 17 | $13.3M | $350,000 | |
| FY2020 | 13 | $10.1M | $642,600 | |
| FY2021 | 30 | $28.4M | $575,000 | |
| FY2022 | 22 | $15.9M | $570,300 | |
| FY2023 | 25 | $26.4M | $593,000 | |
| FY2024 | 34 | $28.1M | $486,000 | |
| FY2025 | 74 | $47.4M | $371,200 | |
| FY2026 | 85 | $83.5M | $493,500 |
How often do these acquisition loans fail?
Of the 68 Zions Bancorporation, National Association acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 4.4% by loan count and 0.9% by dollars. 35 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Zions Bancorporation, National Association is 25% higher than the acquisition-loan average. 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 | Utah | 77 | 25.0% | $47.6M | |
| 2 | California | 50 | 16.2% | $40M | |
| 3 | Texas | 42 | 13.6% | $40.3M | |
| 4 | Idaho | 38 | 12.3% | $24.5M | |
| 5 | Colorado | 36 | 11.7% | $34.1M | |
| 6 | Arizona | 34 | 11.0% | $44.2M | |
| 7 | Nevada | 22 | 7.1% | $24.5M | |
| 8 | Washington | 3 | 1.0% | $142K | |
| 9 | Wyoming | 2 | 0.6% | $3.4M | |
| 10 | New Mexico | 2 | 0.6% | $1.2M | |
| 11 | Oregon | 1 | 0.3% | $1M | |
| 12 | Montana | 1 | 0.3% | $400K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 11 | 3.6% | $6.3M | |
| 2 | Plumbing, Heating, and Air-Conditioning Contractors | 9 | 2.9% | $4.5M | |
| 3 | Snack and Nonalcoholic Beverage Bars | 8 | 2.6% | $5.7M | |
| 4 | General Automotive Repair | 8 | 2.6% | $3.9M | |
| 5 | Limited-Service Restaurants | 8 | 2.6% | $1.8M | |
| 6 | Clothing and Clothing Accessories Retailers | 7 | 2.3% | $8.7M | |
| 7 | Landscaping Services | 7 | 2.3% | $8.2M | |
| 8 | Fitness and Recreational Sports Centers | 6 | 1.9% | $5.8M | |
| 9 | All Other Professional, Scientific, and Technical Services | 6 | 1.9% | $3.8M | |
| 10 | Couriers and Express Delivery Services | 5 | 1.6% | $5.3M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Orange Theory Fitness | 3 | 1.0% | $4.9M | |
| 2 | The UPS Store | 3 | 1.0% | $935K | |
| 3 | Pirtek | 2 | 0.6% | $600K | |
| 4 | Miracle Method Surface Refinishing | 2 | 0.6% | $498K | |
| 5 | Anytime Fitness | 2 | 0.6% | $450K | |
| 6 | Cold Stone Creamery | 2 | 0.6% | $413K | |
| 7 | Crumbl | 1 | 0.3% | $2.1M | |
| 8 | The Learning Experience | 1 | 0.3% | $1.7M | |
| 9 | Touching Hearts at Home | 1 | 0.3% | $1.7M | |
| 10 | Big O Tires | 1 | 0.3% | $1.5M |
Questions buyers ask
Does Zions Bancorporation, National Association make SBA acquisition loans?
Yes. Zions Bancorporation, National Association approved 308 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 31 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 Zions Bancorporation, National Association's acquisition loans?
The median was $491,000, with the middle half between $195,250 and $1,000,000. The national median is $645,250, so this lender's typical loan is 24% lower than the national figure.
Which states does Zions Bancorporation, National Association lend in?
Utah (77), California (50), Texas (42), Idaho (38), Colorado (36), Arizona (34). Its loans appear in 12 states, so it is closer to a regional lender.
Which industries does Zions Bancorporation, National Association finance?
Full-Service Restaurants (11), Plumbing, Heating, and Air-Conditioning Contractors (9), Snack and Nonalcoholic Beverage Bars (8), General Automotive Repair (8), Limited-Service Restaurants (8). The top industry is 4% of its acquisition loans.
How have Zions Bancorporation, National Association's acquisition loans performed?
Of 68 loans approved FY2018 to FY2021: 4.4% charged off, 25% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- Utah acquisitions
- California acquisitions
- Texas acquisitions
- Full-Service Restaurants
- Plumbing, Heating, and Air-Conditioning Contractors
- Snack and Nonalcoholic Beverage Bars
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Zions Bancorporation, National Association.