Study 4

Which lenders’ acquisition loans survive

FY2020-22 approvals (federal fiscal years), change-of-ownership loans only, every lender with 100 or more such loans: 31 lenders, sorted by loan count. Charge-off rates run from 0.00% to 4.80%.

Lenders listed
31

at 100+ cohort loans

Cohort loans
17,153

FY2020-22 approvals

Charge-off range
0.00% to 4.80%

across the listed lenders

All acquisition loans
1.70%

every lender, 17,153 loans

Charge-off rate by lender

Sorted by cohort loan count, which is also the sample size behind each rate. Lender names link to their profiles.

Showing 10 of 31 lenders

Source: SBA 7(a) FOIA file. FY2020-22 approval cohort, change-of-ownership loans, lenders with 100 or more such loans. Charge-off = SBA wrote the loan off as a loss. Loans approved more recently have had less time to go bad, which is why the cohort stops at FY2020-22 rather than running to the present. As of June 30, 2026. Methodology. See an error? Email us and we will correct it.