FinWise Bank: SBA Lending Record

FinWise Bank: the SBA record

968 approved loans sit against FinWise Bank in FY2017 to FY2026 files, $1.06 billion gross. In SBA's file, FinWise Bank sits in Utah. Every one of the 968 loans is a holding: FinWise Bank is current or last holder, per SBA. 968 loans fall under SBA 7(a). FinWise Bank has 0 in SBA 504. FinWise Bank's final year, FY2026, is a whole one. 968 loans, $1.06 billion gross: that is FinWise Bank's whole record. FinWise Bank gives no guarantee on 968 loans; SBA does, and no policy appears.

830 of the 968 loans for FinWise Bank sit in no named class. FinWise Bank lists these classes: Grocery store at 17; Full-service restaurant, 16; Child care center (13); Medical office (physicians), 11; Automotive mechanical repair (car and truck) (9); Warehouse and distribution (8); Rehabilitation and therapy clinic at 8; Caterers (includes banquet halls with catering staff) (8); Hotel and motel at 6; Skilled nursing at 6; Dental office, 6; Assisted living (without nursing care) (5). Of 968 loans, 830 are unclassed and 17 are Grocery store. FinWise Bank's class lines cover part of 968. 16 Full-service restaurant loans trail 17 Grocery store at FinWise Bank.

The states behind FinWise Bank

FinWise Bank's state table reads: New York at 472; New Jersey, 149; Florida, 62; California (41); Texas at 30; Pennsylvania (28); Georgia, 24; Utah (23); Nevada, 16; North Carolina at 10; Missouri at 9; Virginia, 9. FinWise Bank is recorded in Utah, which does not head this table. 472 of FinWise Bank's 968 loans sit in New York. FinWise Bank's table maps 968 loans, no boundary for sites beyond New York.

FinWise Bank: floors and study

The floor is 12.9%: cancellations after approval, FY2017 to FY2024, at FinWise Bank. Ceiling 12.9%, identical to the floor. The floor, 5.3%, comes from 418 loans disbursed in FY2017 to FY2021. 3.1% inside five years of approval. A 12.9% floor at FinWise Bank says approval is no funding. 5.3% charged off in 418 loans: cash flow must hold. At FinWise Bank, test one is site demand. At FinWise Bank, test two is full project cost. For FinWise Bank, test three is debt service coverage. At FinWise Bank, test four is the appraisal.

FinWise Bank's file hands a lender 968 loans and $1.06 billion gross. FinWise Bank's book gives a borrower 968 holdings, not terms. The 968 loans cannot show how FinWise Bank would treat a request. 17 Grocery store loans lead the named classes. FinWise Bank shows holdings and little else. FinWise Bank borrowers need a study that stands alone. FinWise Bank appears here as holder of 968 loans, and the record ends there.