Manufacturers and Traders Trust Company

Yes. Manufacturers and Traders Trust Company was approved for 519 SBA 7(a) change-of-ownership loans since FY2020, including 143 in FY2025 to FY2026 Q3. That ranks it #12 of 249 acquisition lenders by loan count in that window. Acquisitions are 4.2% of its 7(a) lending; the rest are startups, expansions, and working capital.

Across its FY2025 to FY2026 Q3 acquisition loans, the median rate at approval was 9.25%, against a national median of 9.25%. Half of them started between 8.50% and 9.75%. Its variable-rate loans priced around Prime + 2.00%. Most 7(a) loans float over Prime, so these are rates at approval, not what a borrower pays today.

The median deal was $270,000, against a national median of $709,300. In total it has approved $77M in gross change-of-ownership loans over FY2025 to FY2026 Q3.

Across the 94 loans that report both dates, the median time from approval to first disbursement was 42 days. Actual timelines vary with the deal and the documentation.

Its FY2025 to FY2026 Q3 acquisition loans concentrate in Accommodation and Food Services and Other Services (except Public Administration). 8.39% of its acquisition loans went to franchises. The full industry and deal-size mix is above.

Of the 225 acquisition loans it approved in the FY2020-22 cohort, 3.11% were later charged off, meaning SBA wrote the loan off as a loss. Charge-off rates are shown only for lenders with 100 or more cohort loans, since recent loans have had less time to season.