America First Federal Credit Union: SBA Lending Record

America First Federal Credit Union in the loan file

In SBA's public loan file, America First Federal Credit Union stands as holder, present or last, of 1,145 loans whose approval fell between FY2017 and FY2026. The gross dollars come to $1.08 billion. On the program side, 7(a) takes 1,145 loans and 504 takes none. Everything on this page restates what SBA lists. It does not describe how the institution decides on credit.

Class counts and the unclassed majority

The classed picture rests on a minority, because 681 of the loans belong to none of our asset classes. Limited-service restaurant has 68 loans, child care center 62 and full-service restaurant 54. Coffee shop and snack bar adds 40, assisted living (without nursing care) 38 and gas station and truck stop 26. A borrower in child care or assisted living can see that such loans appear in modest numbers. The study for either property type still has to test enrolment or resident demand, licensing and construction cost, and the debt coverage that remains after a slow lease-up. A fuel project tests traffic counts and the margin on fuel and inside sales, site by site.

Utah, Nevada and Arizona dominate the state list

Utah accounts for 420 loans, Nevada for 224 and Arizona for 219. California drops to 70, Idaho to 43 and Texas to 32, while Colorado shows 14. That is a file concentrated in three neighbouring states. Whether a project lies inside that cluster or far from it, the market evidence for it has to be gathered in its own trade area, since a statewide tally cannot describe one corner of a county.

A cancellation floor of 12.9%, and what is held back

On FY2017 to FY2024 approvals, 12.9% ended in cancellation, and that number is a floor. For the same group the ceiling is withheld by Loan Analytics under its own rule, so no figure takes its place. Out of 526 loans disbursed over FY2017 to FY2021, 1.3% are now charge-offs, a floor once more. The five-year version of that rate is not printed, and an unprinted figure is no zero. A cohort of 526 is moderate in size, and loans keep seasoning, so a floor can still climb. These shares pool every trade in the holder's file.

What a borrower should take from this

Choosing a lender is a separate matter from proving a project. The feasibility study is the document in which a borrower shows that demand exists, that the budget is realistic, that income covers the payment with room for error and that an appraiser can support the value. Counts by class and state can point a borrower toward institutions with relevant files, but they never replace that proof, and they imply no approval.