Colony Bank: SBA Lending Record

Colony: SBA record

1,235 loans for FY2017 to FY2026 stand against Colony Bank. At Colony, gross dollars approved come to $664.1 million. The Colony book of 1,235 is SBA 7(a) business, with Colony at 0 SBA 504 loans. Colony lists Georgia as its state. Colony holds 1,235 loans now or at last record. For Colony, SBA guarantees 1,235. Earlier holders of the 1,235 do not show. Who first financed a Colony loan is not shown, nor how Colony judges a request.

Colony: class mix

The class view leaves 942 of 1,235 unplaced at Colony. Colony: full-service restaurant at 53, then limited-service restaurant at 45, next dental office at 30. Next at Colony: automotive mechanical repair at 19, next liquor store at 15; gas station and truck stop at 14. Further at Colony: coffee shop and snack bar at 14, then child care center at 12, next beauty salon at 11. Last at Colony: medical office at 10, grocery store at 10, then veterinary clinic at 9. 942 unplaced loans lead the Colony table, so Colony covers under half of 1,235 in a class comparison.

Colony by state

By state, Florida leads Colony with 162 loans, then Georgia with 143 and California with 141. The Colony table continues through Texas at 136, New York at 108, New Jersey at 44, Illinois at 38, Michigan at 33, Ohio at 29 and North Carolina at 28, then smaller counts. For Colony, home state Georgia shows 143 loans. Use the Colony spread to see how far 1,235 holdings extend past Georgia.

Colony: cancellations

Colony cancellation floor, FY2017 to FY2024: 9.0% of 1,235 approvals. Our own rule withholds the Colony charge-off rate. Colony's cohorts are too small. Colony ceiling: 9.0%, counting undisbursed loans as cancelled. Colony: floor and ceiling meet.

Colony: reading the record

Colony offers borrowers facts about holdings, and 1,235 loans are those facts. Colony has another: the 9.0% floor. At Colony, neither fact predicts a decision. A Colony project stands on own numbers. The Colony study should pick out the 1,235 loans that resemble it. For Colony, it should flag the differences. Colony reads the project against 1,235 loans. A cancellation floor of 9.0% at Colony describes the past, not the future.

Colony: the study

With Colony in view, 1,235 loans frame the study, not the Colony decision. For full-service restaurant, Colony has 53 loans, the nearest comparison. Colony: the study tests sales per seat. Colony needs labour cost tested too. Show Colony coverage in a slow year too. Colony needs an appraisal that supports it. Colony offers just 942 unplaced loans for an unnamed type. Colony's study makes the case. Colony holds 162 loans in Florida. Elsewhere, Colony holdings need a reason. The Colony floor of 9.0% is a warning. The Colony study should allow for delay.