Equity Bank: SBA Lending Record

Equity Bank in the SBA public loan file

Equity Bank appears in SBA's file as present or last holder of 314 loans, each approved in a year from FY2017 through FY2026, together valued at $182.2 million. All of them are 7(a), with 504 at 0. This page repeats the record and is silent on how the bank approaches credit.

Lodging and quick-service food among the classed loans

223 of the loans fall outside our asset classes. Of the classed loans, hotel and motel has 18, limited-service restaurant 15, full-service restaurant 14, and gas station and truck stop and coffee shop and snack bar 7 each. Beverage manufacturing (breweries, wineries, distilleries) has 6. A hotel study tests rooms already in the market, the rate and occupancy a new property can hold, and build cost per room. For a brewery, the tests are production capacity, the cost of equipment and the route to customers. A coffee or fuel study tests the daily traffic at the exact corner.

Kansas and its neighbours

Kansas holds 122 loans and Missouri 70. Nebraska has 36, Oklahoma 33, Arkansas 19 and Texas 16. The list is regional, and a borrower in Kansas or Missouri will see the holder named often, while one in Texas will find a small presence.

Measured zeros on a cohort of 117

Cancellation stands at a floor of 7.2% for FY2017 to FY2024 approvals; the ceiling is not printed. Of the 117 loans in that cohort, none shows as charged off by either measure, so the printed 0.00% figures are measured, not withheld. A cohort of 117 loans is small, later years' loans sit outside it and charge-offs can still arise as loans age, so a clean cohort does not promise a clean future.

Reading the record with a study

A lender's file is context for choosing whom to approach. The proof of the project lies in the study: market demand, a cost budget, a test of the payment under weaker sales and an appraisal. Those four pieces are what the credit reader tests, and no count of earlier loans, however favourable, replaces them.