SBA Acquisition Lending by State & Lender

FY2025 at a Glance

Six Years of Acquisition Lending

FY2026 is underway: through June 30, 2026, lenders approved 4,772 acquisition loans for $5.64B, median $720k. A partial year sits outside the table so half a year never reads as a decline.

The Most Active Acquisition Lenders, FY2025

The rate column is the most actionable thing on this page. Across the 25 lenders here with a rate in the file, the average runs from 7.03% at First Financial Bank (AR) to 11.1% at Newtek Bank, National Association, a spread of 4.07 points against a median of 8.61%. Each figure is that lender's own mix of deal sizes and risk rather than a quote anyone was given, so treat it as a reason to shop the shortlist rather than as a price. On a million-dollar loan, a point is real money every month for ten years.

Linked lenders have full reviews in the directory; the Lenders tool filters them by deal profile.

By State

By Industry

Lenders develop appetites. A bank that has written two hundred restaurant acquisition loans can say yes faster than one writing its first. A lender missing here may still quote your deal, so start with the active ones and compare what you are offered: Lenders filters this shelf, and SBA Acquisition Calculator puts the offers side by side. Each reviewed bank's own page carries the industries its acquisition loans landed in.

Industry counts cover FY2020 through FY2025, from the same loan-level file as the state figures above.

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