Centerstone SBA Lending, Inc.: SBA Lending Record

Centerstone: SBA record

625 loans for FY2017 to FY2026 stand against Centerstone SBA Lending, Inc. At Centerstone, gross dollars approved come to $852.0 million. The Centerstone book of 625 is SBA 7(a) business, with Centerstone at 0 SBA 504 loans. Centerstone lists California as its state. Centerstone holds 625 loans now or at last record. For Centerstone, SBA guarantees 625. Earlier holders of the 625 do not show. Who first financed a Centerstone loan is not shown, nor how Centerstone judges a request.

Centerstone: class mix

The class view leaves 252 of 625 unplaced at Centerstone. Centerstone: hotel and motel at 102, next full-service restaurant at 63; liquor store at 55. Also at Centerstone: limited-service restaurant at 43; gas station and truck stop at 31, dental office at 11. Then at Centerstone: grocery store at 10, next coffee shop and snack bar at 9; automotive mechanical repair at 7. Lower at Centerstone: child care center at 6, then car wash at 5, next fitness center at 5. 252 unplaced loans lead the Centerstone table, ahead of any class. Centerstone named classes cover the rest of 625.

Centerstone by state

By state, California leads Centerstone with 248 loans, then Illinois with 48 and Texas with 30. The Centerstone table continues through Florida at 28, Georgia at 22, Colorado at 20, North Carolina at 20, Virginia at 15, New York at 14 and Ohio at 13, then smaller counts. Use the Centerstone spread to see how far 625 holdings extend past California.

Centerstone: cancellations

Centerstone cancellation floor, FY2017 to FY2024: 12.5% of 625 approvals. Our own rule withholds the Centerstone charge-off rate. Centerstone's cohorts are too small. Centerstone ceiling: 12.5%, counting undisbursed loans as cancelled. Centerstone: floor and ceiling meet.

Centerstone: reading the record

Centerstone offers borrowers facts about holdings, and 625 loans are those facts. Centerstone has another: the 12.5% floor. At Centerstone, neither fact predicts a decision. A Centerstone project stands on own numbers. The Centerstone study should pick out the 625 loans that resemble it. For Centerstone, it should flag the differences. Centerstone reads the project against 625 loans. A cancellation floor of 12.5% at Centerstone describes the past, not the future.

Centerstone: the study

With Centerstone in view, 625 loans frame the study, not the Centerstone decision. For hotel and motel, Centerstone has 102 loans, the nearest comparison. Centerstone: the study tests room demand. Centerstone needs brand cost tested too. Show Centerstone coverage in a slow year too. Centerstone needs an appraisal that supports it. Centerstone offers just 252 unplaced loans for an unnamed type. Centerstone's study makes the case. Centerstone holds 248 loans in California. Elsewhere, Centerstone holdings need a reason. The Centerstone floor of 12.5% is a warning. The Centerstone study should allow for delay.