First-Citizens Bank & Trust Company: SBA Lending Record

First-Citizens Bank & Trust Company: loans and programs

1,361 approved loans, $1.18 billion gross, tie to First-Citizens Bank & Trust Company across FY2017 to FY2026. SBA lists First-Citizens Bank & Trust Company with the lender state NC. These 1,361 loans are ones that SBA shows First-Citizens Bank & Trust Company holding, now or before. Program split at First-Citizens Bank & Trust Company: 1,361 for 7(a), 0 for 504. SBA, not First-Citizens Bank & Trust Company, guarantees these 1,361 loans. The figures for First-Citizens Bank & Trust Company are loan records only.

Classes and places for First-Citizens Bank & Trust Company

The followed classes leave 889 of First-Citizens Bank & Trust Company's 1,361 loans unclassified. By loan count the classes for First-Citizens Bank & Trust Company are Dental office (113), Medical office (physicians) (65), Full-service restaurant (55), Limited-service restaurant (36), Child care center (32), Veterinary clinic (27), Automotive mechanical repair (car and truck) (26), Rehabilitation and therapy clinic (20), Fitness center (18), Coffee shop and snack bar (17), Assisted living (without nursing care) (12), Beverage manufacturing (breweries, wineries, distilleries) (6). Hotel and motel closes the class list with 5 loans. Dental office borrowers can weigh a project next to 113 such loans at First-Citizens Bank & Trust Company. Medical office (physicians) follows with 65 loans at First-Citizens Bank & Trust Company. In Full-service restaurant, First-Citizens Bank & Trust Company shows 55 loans. North Carolina ranks second among states for First-Citizens Bank & Trust Company, at 185 loans. Loans of First-Citizens Bank & Trust Company by state begin with California (269), North Carolina (185), Florida (184), South Carolina (117), Georgia (81), Virginia (71), Washington (71), Texas (66), Arizona (42), Colorado (32), Tennessee (28), Kansas (24). The state list ends with Illinois, 5 loans. SBA records the lender state as NC, while the largest state by loans is California.

What SBA records on outcomes for First-Citizens Bank & Trust Company

Of First-Citizens Bank & Trust Company approvals from FY2017 to FY2024, 7.8% are known cancelled, a floor, and the ceiling for First-Citizens Bank & Trust Company, with undisbursed loans counted as cancelled, repeats 7.8%. On the FY2017 to FY2021 disbursements of First-Citizens Bank & Trust Company, 3.3% sit among charge-offs to date, a floor, drawn from 676 loans. First-Citizens Bank & Trust Company shows 1.8% written off inside five years of approval. Every rate for First-Citizens Bank & Trust Company is a floor, and so later losses in the cohort would raise it.

The First-Citizens Bank & Trust Company record and a feasibility study

Dental office at First-Citizens Bank & Trust Company leads off with a look at demand. Then, a study of Medical office (physicians) should check development cost, with 65 such loans on First-Citizens Bank & Trust Company's record. Then comes debt service coverage: First-Citizens Bank & Trust Company shows $1.18 billion across 1,361 loans, and the coverage test belongs to the project itself. To close comes the appraisal, which no count of 55 Full-service restaurant loans at First-Citizens Bank & Trust Company makes unnecessary. An applicant in California can compare with 269 loans in the First-Citizens Bank & Trust Company record, and one in North Carolina, 185. First-Citizens Bank & Trust Company alone can say what it requires. No figure implies approval, and First-Citizens Bank & Trust Company sets its own terms.