BOKF, National Association: SBA Lending Record

BOKF, National Association in SBA data

BOKF, National Association is credited with 443 loans and $299.5 million of gross approvals in SBA's files for the FY2017 to FY2026 window. All of it sits under SBA 7(a), with no SBA 504 loans. The file names OK for the lender. The numbers are SBA's own tally of 443 loans that sit with the lender or sat with it last, and the guarantee is SBA's. A 7(a) loan appears under its present or final holder, and nothing here describes how the bank lends.

Medical offices lead a thin class table

Of the 443 loans, 361 have no named class. The named ones are led by medical offices with 18 loans, then the full-service restaurant with 11, nonresidential lessors with 9, the limited-service restaurant with 7 and dental offices with 6. The state table lists Colorado with 198, Arizona with 104, Oklahoma with 61 and Texas with 51.

Outcomes in SBA data

Of FY2017 through FY2024 approvals, 12.2% cancelled for sure; 13.4% with undisbursed loans added. No charge-off rate is printed for BOKF, National Association by our own threshold, with fewer than 30 loans in that cohort, which is not the same as a zero.

Using the record in a study

A medical office study should examine provider capacity, payer mix and visit volume, set collections against rent, and compare building value with practice income. A nonresidential lessor study needs to test lease terms, tenant depth and the value an appraiser can support for the building. A restaurant study follows revenue per seat against the rent the site can carry. With 361 loans in no named class, an unlisted property type should expect to make its own case.

Cancellation planning

A cancellation floor of 12.2% is a reminder that approval and funding are different events. A study should show the debt service coverage ratio at a settled level and in a slow year, and leave room for delay between approval and closing.

What not to infer

With 361 of 443 loans in no named class, the named classes cover few of the loans, and the 18 medical office loans should not be read as a specialty. They are simply the largest named group. The 198 loans in Colorado and 104 in Arizona show where SBA records most of the holdings. Because the charge-off rate is suppressed, the only outcome measure is the cancellation range from 12.2% to 13.4%, and that measure speaks to approvals, not to eventual losses.