Choice Financial Group: SBA Lending Record
What SBA's own loan files show about Choice Financial Group as an SBA lender, and how a lender's record bears on a feasibility study.
Choice Financial Group holds 435 loans approved from FY2017 to FY2026, worth $224.3 million gross. 435 loans, all in 7(a), stand against Choice Financial Group; none are 504. For 435 loans, SBA's record names Choice Financial Group as the lender. 435 loans carry SBA's guarantee, not Choice Financial Group's.
Choice Financial Group: classes and states
Choice Financial Group lists Full-service restaurant, 25, Fitness center, 24, Limited-service restaurant, 17, Beauty salon, 10 and Beverage manufacturing (breweries, wineries, distilleries), 8 loans among its leading classes. The largest block of Choice Financial Group loans, 323 of them, fits no tracked class. Choice Financial Group's states by loans run Minnesota, 333, North Dakota, 84, Wisconsin, 7 and Arizona, 5.
Choice Financial Group outcome floors
13.7% is the cancellation floor on Choice Financial Group approvals from FY2017 to FY2024. Choice Financial Group upper bound: withheld under Loan Analytics' rule. Choice Financial Group gets neither zero nor an estimate. Choice Financial Group rate: withheld, with fewer than 30 of 435 loans disbursed in FY2017 to FY2021. Choice Financial Group figure: withheld by Loan Analytics' own rule. Choice Financial Group floors rise only as loans age.
Choice Financial Group in a feasibility study
Choice Financial Group: 25 loans in the Full-service restaurant class. Choice Financial Group study needs site traffic. Choice Financial Group: labour and food cost remains open across 25 Full-service restaurant loans. Choice Financial Group history says nothing on comparable sales. Choice Financial Group lists 24 loans in the Fitness center class. Choice Financial Group study must prove club pricing. Choice Financial Group: membership demand remains open across 24 Fitness center loans. Choice Financial Group total of $224.3 million says nothing about any one site. 323 Choice Financial Group loans fit no tracked class. Choice Financial Group: the project must carry the case. For 333 Choice Financial Group loans in Minnesota, local evidence still decides. Choice Financial Group should be asked directly what it needs. 435 loans at Choice Financial Group do not measure demand at one site. Choice Financial Group totals trail supply near the site. Choice Financial Group study revenue assumptions need written support. Choice Financial Group request: build cost quoted, not assumed. Choice Financial Group request: coverage holds on cautious revenue.The property still needs its own valuation, whatever Choice Financial Group approvals show. Choice Financial Group study needs a downside case in writing. Choice Financial Group: assumptions stated, coverage tested, value supported. Choice Financial Group lists 435 loans and $224.3 million in gross approvals. Choice Financial Group equity belongs in the study.
Choice Financial Group cancellation floors stop at FY2024 approvals. Choice Financial Group totals add FY2025 and FY2026 approvals. Choice Financial Group figures describe loans held, not lender practices. 435 loans cannot predict one new request to Choice Financial Group. Choice Financial Group withheld values are never zeros or estimates.
SBA loans held by Choice Financial Group
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 435 |
|---|---|
| Gross dollars approved | $224.3 million |
| SBA 7(a) loans | 435 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 13.7% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 323 |
| Full-service restaurant | 25 |
| Fitness center | 24 |
| Limited-service restaurant | 17 |
| Beauty salon | 10 |
| Beverage manufacturing (breweries, wineries, distilleries) | 8 |
| Automotive mechanical repair (car and truck) | 5 |
| Coffee shop and snack bar | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Minnesota | 333 |
| North Dakota | 84 |
| Wisconsin | 7 |
| Arizona | 5 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-9423.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Choice Financial Group or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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