Bank · Lehi, UT
Happen Bank
Made 16 SBA 7(a) change-of-ownership loans totaling $33.5M in FY2024 to FY2026: #178 of 1,054 lenders by loans and #116 by dollars. Lends in 12 states. Part of Happen Inc.
#178by loans, FY24–26
16loans
$33.5Mapproved
$2.1Mmedian loan
Full legal name: Happen Bank, National Association.
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 3 | $4.9M | $1.2M | 0.1% |
| FY2025 | 4 | $2.2M | $587K | 0.1% |
| FY2026 | 9 | $26.4M | $2.6M | 0.1% |
Loan size
Deal size mix
62% of its loans were $1M or more.
- Under $350K1 loans · 6% · $300K
- $350K to $1M5 loans · 31% · $3.2M
- $1M to $2M2 loans · 12% · $2.9M
- $2M to $5M8 loans · 50% · $27.1M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Retail Trade | 4 | $3.0M |
| Manufacturing | 3 | $8.3M |
| Real Estate & Rental & Leasing | 2 | $4.6M |
| Health Care & Social Assistance | 2 | $3.1M |
| Arts, Entertainment & Recreation | 2 | $4.5M |
| Professional, Scientific & Technical Services | 1 | $4.3M |
| Accommodation & Food Services | 1 | $5.0M |
| Other Services | 1 | $755K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| New Jersey | 3 | $6.5M |
| California | 2 | $4.6M |
| Florida | 2 | $4.1M |
| Illinois | 1 | $2.5M |
| Indiana | 1 | $2.4M |
| Kansas | 1 | $2.8M |
| Maryland | 1 | $2.6M |
| Minnesota | 1 | $1.2M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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