SBA loans in Nebraska: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 339 7(a) loans to buy an existing business in Nebraska, totaling $273M. The median loan was $415,000, 36% lower than the $645,250 national median for SBA-financed acquisitions.
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SBA lenders in Nebraska
The lenders that made the most SBA 7(a) acquisition loans in Nebraska, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Union Bank and Trust Company | 64 | 18.9% | $27.9M | |
| 2 | First National Bank of Omaha | 21 | 6.2% | $13.8M | |
| 3 | Live Oak Banking Company | 19 | 5.6% | $30.2M | |
| 4 | Northwest Bank | 19 | 5.6% | $10.5M | |
| 5 | The Huntington National Bank | 19 | 5.6% | $9.3M | |
| 6 | Associated Bank National Association | 17 | 5.0% | $14.3M | |
| 7 | Emprise Bank | 15 | 4.4% | $14.6M | |
| 8 | Wells Fargo Bank National Association | 13 | 3.8% | $12.6M | |
| 9 | Midwest Bank | 11 | 3.2% | $7.1M | |
| 10 | First Interstate Bank | 7 | 2.1% | $9.2M |
What this tells a buyer
- Deal size band. Half of Nebraska acquisition loans fell between $158,100 and $1,080,850. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. Nebraska accounts for 0.7% of all SBA acquisition loans and ranks number 37 of 54 states and territories by count.
- Industry concentration. Full-Service Restaurants is the most financed business type here (19 loans, 6% of the state). The top three industries together are 13%.
- Lender concentration. Union Bank and Trust Company made 19% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 15% of acquisition loans in Nebraska involved a franchised brand; the most frequent is See The Trainer (3 loans).
Nebraska acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 26 | $15.9M | $480,000 | |
| FY2019 | 41 | $31.4M | $446,000 | |
| FY2020 | 35 | $27.4M | $424,000 | |
| FY2021 | 40 | $26.7M | $348,750 | |
| FY2022 | 31 | $33M | $571,700 | |
| FY2023 | 20 | $17.1M | $637,950 | |
| FY2024 | 53 | $35.3M | $315,000 | |
| FY2025 | 47 | $42M | $405,000 | |
| FY2026 | 46 | $44.4M | $532,500 |
How often do these acquisition loans fail?
Of the 142 Nebraska acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 5 have been charged off by the SBA, a rate of 3.5% by loan count and 3.0% by dollars. 75 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 Nebraska is in line with 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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Top industries in Nebraska
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 19 | 5.6% | $5.5M | |
| 2 | Limited-Service Restaurants | 13 | 3.8% | $12.7M | |
| 3 | All Other Specialty Trade Contractors | 12 | 3.5% | $12.3M | |
| 4 | Landscaping Services | 11 | 3.2% | $8.2M | |
| 5 | Home Health Care Services | 9 | 2.7% | $6M | |
| 6 | Fitness and Recreational Sports Centers | 8 | 2.4% | $1M | |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 7 | 2.1% | $8.2M | |
| 8 | Beauty Salons | 7 | 2.1% | $1.8M | |
| 9 | Hotels (except Casino Hotels) and Motels | 6 | 1.8% | $19M | |
| 10 | Roofing Contractors | 6 | 1.8% | $10.9M |
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Franchise brands bought in Nebraska
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | See The Trainer | 3 | 0.9% | $3.3M | |
| 2 | Fairfield by Marriott | 2 | 0.6% | $7.5M | |
| 3 | Subway | 2 | 0.6% | $2.4M | |
| 4 | Scooter's Coffee | 2 | 0.6% | $1.8M | |
| 5 | Home Instead | 2 | 0.6% | $1.3M | |
| 6 | Closet Factory | 2 | 0.6% | $1.2M | |
| 7 | Anytime Fitness | 2 | 0.6% | $1.1M | |
| 8 | Dairy Queen | 2 | 0.6% | $950K | |
| 9 | Plato's Closet | 2 | 0.6% | $680K | |
| 10 | Candlewood Suites | 1 | 0.3% | $5M | |
| 11 | Primrose Schools | 1 | 0.3% | $5M | |
| 12 | Big O Tires | 1 | 0.3% | $4.8M | |
| 13 | Comfort Suites | 1 | 0.3% | $2.6M | |
| 14 | La Quinta | 1 | 0.3% | $2.3M | |
| 15 | FASTSIGNS | 1 | 0.3% | $2.3M |
Acquisitions by industry in Nebraska
The 4 industries with the most acquisition loans in Nebraska (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Full-Service Restaurants | 19 | $100,000 | n/a |
| Limited-Service Restaurants | 13 | $690,000 | n/a |
| All Other Specialty Trade Contractors | 12 | $671,450 | n/a |
| Landscaping Services | 11 | $314,000 | n/a |
Questions buyers ask
How much do buyers borrow to buy a business in Nebraska?
The median SBA 7(a) acquisition loan in Nebraska was $415,000 across 339 loans (FY2018 to FY2026), 36% lower than the $645,250 national median. The middle half of loans ran from $158,100 to $1,080,850. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.
Which banks make the most SBA acquisition loans in Nebraska?
Union Bank and Trust Company (64), First National Bank of Omaha (21), Live Oak Banking Company (19), Northwest Bank (19), The Huntington National Bank (19). Union Bank and Trust Company alone accounts for 19% of Nebraska acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Nebraska?
Full-Service Restaurants (19), Limited-Service Restaurants (13), All Other Specialty Trade Contractors (12), Landscaping Services (11), Home Health Care Services (9). The top three industries make up 13% of the state's acquisition loans.
How often do SBA acquisition loans fail in Nebraska?
In the seasoned cohort (FY2018 to FY2021), among 142 Nebraska acquisition loans: 3.5% charged off, in line with the 3.5% national acquisition average.
How does Nebraska compare with other states?
Nebraska ranks number 37 of 54 states and territories by acquisition loan count, with 0.7% of national volume (339 of 48,902 loans) and $273M approved. Browse the full state ranking.
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Related
- Full-Service Restaurants nationally
- Limited-Service Restaurants nationally
- All Other Specialty Trade Contractors nationally
- Union Bank and Trust Company
- First National Bank of Omaha
- Live Oak Banking Company
- All states
- Buyer's guide to the data
State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.