Bank OZK: SBA Lending Record

Bank OZK in SBA data

Bank OZK is credited with 379 loans and $190.3 million in gross dollars approved across the FY2017 to FY2026 window. The program is SBA 7(a) alone, and SBA lists AR. Those figures come from SBA's record of loans Bank OZK holds now or held before last. SBA's guarantee, not the bank's, stands behind them, and each 7(a) loan is listed under its latest holder.

Four states of similar size

Arkansas has 98 loans, Georgia 97, Florida 78 and Texas 56. Class detail is absent for 259 of the 379. The full-service restaurant leads the rest with 27, then the limited-service restaurant with 21, beverage manufacturing and coffee shops with 7 each, and automotive repair with 6.

What happened after approval

Approvals from FY2017 to FY2024: 15.1% cancelled at the least. No ceiling on cancellations is printed for Bank OZK by Loan Analytics' own rule, because too few loans carry it; so it is not a zero. Of the 208 loans disbursed in FY2017 to FY2021, 5.3% have gone to charge-off at minimum. Loan Analytics withholds the five-year figure by Loan Analytics' own rule, because too few loans stand behind it; and a blank is never a zero. Further charge-offs remain possible on open loans.

Study questions

A full-service restaurant study, for the leading class at 27 loans, should test what each seat earns, what the kitchen costs and whether the rent fits. A limited-service study tests how much the drive-through and counter sell and what labour takes, ticket size and margin after labour. A beverage study tests production capacity, distribution reach and the value of a specialised building. A coffee shop study tests morning traffic and equipment cost. With 259 loans unclassified, an unlisted type of property has little precedent. The four large states are close in weight, so a project in Arkansas, Georgia, Florida or Texas finds comparable depth; elsewhere, the study should say why the holdings matter. Allow for the delay that a 15.1% cancellation floor implies.

How to hold these figures

These figures describe 379 loans and $190.3 million held by Bank OZK, as SBA reports them. They are floors where rates are concerned, which is why the 15.1% cancellation figure and the 5.3% charge-off figure should be read as minimums. The page cannot say whether a loan like the borrower's would have been approved, and it deliberately avoids saying anything about the lender's policy. Its use is to show where holdings sit and what a study should be ready to answer.