ConnectOne Bank in SBA data

ConnectOne Bank has 290 loans and $243.1 million in gross approvals in SBA's records for FY2017 to FY2026. SBA 7(a) is the sole program, and the file names NJ. The numbers show loans that SBA records ConnectOne Bank as holding or having held last; SBA backs ConnectOne Bank's 290 loans. A reassigned loan appears under its later holder. The page does not describe ConnectOne Bank's lending rules.

A short list of named classes

Of the 290 loans, 145 have no named class. The limited-service restaurant leads the rest with 47, coffee shops and snack bars have 25, the full-service restaurant 24, the fitness center 12 and automotive repair 10. New York accounts for 79 loans, New Jersey for 52, Florida for 26 and Texas for 20.

Cancelled approvals and losses

Cancellations, FY2017 to FY2024 approvals: 10.1% at least, and 10.1% again when undisbursed loans count as cancelled. 51 loans funded in FY2017 to FY2021 show 0.00% as a charge-off floor. By year five: 0.00%. Open loans at ConnectOne Bank may yet fail.

Quick-service and coffee studies

A limited-service restaurant study, the leading class at 47 loans, has to test counter and drive-through volume against labour cost, ticket size and margin after labour. A coffee shop study, 25 loans, should test morning traffic, equipment cost and the opening ramp. A full-service restaurant study follows sales per seat and occupancy cost. A fitness study follows membership depth and build-out cost. New York leads the state table although New Jersey is the state of record, so a project in either is near the file's centre. With 145 loans without a named class, other property types must make their own market case, and every study should show debt service coverage in two cases.

What a cohort of 51 can and cannot say

The 0.00% charge-off figures rest on only 51 loans, which is just enough for Loan Analytics to print a rate. That means little can be inferred from them: a few later charge-offs would move the figure sharply. The 10.1% cancellation floor rests on a larger set of approvals and is the sturdier signal. Between them, they describe 290 loans held by one bank, and a reader should weigh them with care.

SBA loans held by ConnectOne Bank

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	290
Gross dollars approved	$243.1 million
SBA 7(a) loans	290
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	10.1%
The same, counting loans still undisbursed as cancelled (a ceiling)	10.1%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.00%
Charged off within five years of approval	0.00%
Loans in that cohort	51

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	145
Limited-service restaurant	47
Coffee shop and snack bar	25
Full-service restaurant	24
Fitness center	12
Automotive mechanical repair (car and truck)	10
Liquor store	8
Grocery store	6

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
New York	79
New Jersey	52
Florida	26
Texas	20
North Carolina	16
Georgia	13
Pennsylvania	8
California	7
Tennessee	7
Virginia	6
Arizona	5
Connecticut	5
Maryland	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-57919.

Related feasibility study pages

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 ConnectOne Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

ConnectOne Bank: SBA Lending Record