Granite Bank: SBA Lending Record

What SBA's file shows for Granite Bank

Under Granite Bank as holder, SBA lists 259 loans from FY2017 to FY2026. Granite Bank loans reach $59.3 million in gross approved dollars. Each Granite Bank figure covers loans held, 259, now or earlier. SBA guarantees them; Granite Bank does not. Every Granite Bank loan on file is 7(a), 259 in all; none are 504. Granite Bank holder status: assigned now or last.

224 of 259 loans, held by Granite Bank, sit in no listed asset class. At Granite Bank, rows by class cover the remainder. For Granite Bank, limited-service restaurant leads the class rows, 10 loans. After that, caterers at 6. Granite Bank table: classes beyond these appear there. Class rows are few at Granite Bank; by-class evidence from 259 loans is thin.

Granite Bank loans sit in 241 in Minnesota, per SBA. For a project elsewhere, Granite Bank has nothing nearby: a narrow footprint. Granite Bank: one state, thin comparisons.

At Granite Bank: cancellations and charge-offs

7.2%: the floor on cancellations, among Granite Bank approvals from FY2017 to FY2024. Also 7.2% is the ceiling; undisbursed Granite Bank loans move nothing. No FY2017 to FY2021 floor is given for Granite Bank. Granite Bank outcomes show; reasons do not. Granite Bank cohort rates cover FY2017 to FY2021 disbursements. Granite Bank: 7.2% is a floor, 259 loans notwithstanding, not a forecast. Granite Bank: every rate here is a floor, 259 loans or not; 7.2% included.

Granite Bank in a study

Granite Bank, a bank or lender: 259 recorded loans lend context. Nothing in Granite Bank rows states what Granite Bank asks of an applicant. For Granite Bank, weigh caterers, 259 loans deep, and the project against Minnesota. Granite Bank: other sources go in the study.

Granite Bank totals are context. 259 loans say little about a project, Minnesota or beyond it. 259 loans at Granite Bank set no caterers demand; Minnesota conditions decide it, not Granite Bank. Budget lines meet raised funds, 259 loans staying aside. 259 loans give Granite Bank breadth, not depth. A 7.2% floor sets the lowest bar for Granite Bank. Granite Bank aside, debt service coverage keeps 7.2% in view, on stabilized income. Collateral for Granite Bank rests on the appraisal. Granite Bank: no study promises approval; 259 loans or none, it prepares the file.