Citizens Bank, National Association
- Loans
- 18
- Approved
- $15M
- Median deal
- $412,000
- Median rate
- 8.45%
#112 of 249 by loans, FY2025 to FY2026 Q3
gross approvals
national $709,300
national 9.25% at approval
Loans per fiscal year
FY2026 is partial: 9 loans approved through June 30, 2026.
| Fiscal year | Loans |
|---|---|
| FY2020 | 18 |
| FY2021 | 5 |
| FY2022 | 2 |
| FY2023 | 0 |
| FY2024 | 3 |
| FY2025 | 9 |
| FY2026 (partial year, through June 30, 2026) | 9 |
How they lend
Across 18 change-of-ownership loans, FY2025 to FY2026 Q3.
Acquisition share of their 7(a) lending
Acquisitions 46 (8.0%)Other purposes 526 (92.0%)
Their full 7(a) book since FY2020 is 572 loans. Every other figure on this page counts the 46 acquisition loans only.
Initial rate structure
Variable 38.89%Fixed 61.11%
- Middle half of rates
- 8.15% to 10.25%
- Median term
- 120 months
- Collateral reported
- 100.00% of loans
- Sold on the secondary market
- 11.11% of loans
- Franchise loans
- 22.22% of loans
- Approval to first disbursement
- 38 days (n = 10)
Processing method
| Preferred Lenders Program | 88.89% | |
| SBA Express Program | 11.11% |
SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.
What they fund
Industries and deal sizes across 18 change-of-ownership loans, FY2025 to FY2026 Q3.
Top industries
| Accommodation and Food Services | 27.78% | |
| Health Care and Social Assistance | 22.22% | |
| Professional, Scientific, and Technical Services | 16.67% | |
| Retail Trade | 11.11% | |
| Arts, Entertainment, and Recreation | 5.56% |
Deal size mix
Under $350K 44.44%$350K to $1M 38.89%$1M to $3.5M 11.11%$3.5M+ 5.56%
Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.
Where they lend
Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.
- Massachusetts4 loans
- Rhode Island4 loans
- Pennsylvania3 loans
- California2 loans
- Connecticut2 loans
Grouped by ProjectState. State names link to the state lender pages where one exists.
Run a deal at these rates
The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.
Open the deal analyzerThe full lender directory
Every 7(a) acquisition lender in the country, searchable and sortable, with loan counts, medians, and rates.
Browse all lendersSource: SBA 7(a) FOIA file, change-of-ownership loans for Citizens Bank, National Association. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.