The Happen Bank record at a glance

Under Happen Bank as holder, SBA lists 763 loans from FY2017 to FY2026. Happen Bank loans: $898.0 million in gross approved dollars, 763 loans in all. SBA, not Happen Bank, guarantees each of the 763 loans held, now or earlier, by Happen Bank. SBA tags 763 as 7(a), none 504, under Happen Bank. Happen Bank holder status: assigned now or last.

421 of 763 loans have no tracked class, which leaves Happen Bank class rows thinner. For Happen Bank, fitness center leads the class rows, 75 loans. After that, limited-service restaurant at 72, full-service restaurant (48) and 26 loans in child care center. Lower Happen Bank rows: 20 in beauty salon, coffee shop and snack bar with 19 loans and liquor store at 11. Smaller Happen Bank classes: see the page table.

Happen Bank by state: 107 in Florida, Texas (83), 75 in Illinois, California (56), 47 in New Jersey, Arizona (35), 34 in North Carolina, Colorado (32) and 27 in New York. Florida heads the Happen Bank state list. Later states carry fewer Happen Bank loans each; depth varies by place.

Happen Bank: loans cancelled or charged off

13.7%: the floor on cancellations, among Happen Bank approvals from FY2017 to FY2024. Also 13.7% is the ceiling; undisbursed Happen Bank loans move nothing. Among 437 loans disbursed FY2017 to FY2021, Happen Bank has 12.8% charged off, a floor. For Happen Bank, the five-year charge-off figure is 5.9%. Happen Bank outcomes show; reasons do not. Happen Bank cohort rates cover FY2017 to FY2021 disbursements. Happen Bank: 13.7% is a floor, 763 loans notwithstanding, not a forecast. Happen Bank loans keep seasoning, 763 of them; 13.7%, a floor, may climb.

Happen Bank: a borrower's view

Happen Bank, a bank or lender, comes with 763 loans of background. Happen Bank has no row that says what Happen Bank wants from a borrower. At Happen Bank, weigh Florida then fitness center, 763 loans deep, against the project. Sources beside Happen Bank should be listed in the study, 763 loans or not.

763 loans at Happen Bank: context only. For Happen Bank, a project proves itself alone in Florida. 763 loans at Happen Bank do not carry fitness center demand, Happen Bank cannot; Florida conditions do, not Happen Bank. Budget lines meet raised funds, 763 loans staying aside. 763 loans give Happen Bank breadth, not depth. A 13.7% floor sets the lowest bar for Happen Bank. Happen Bank: on stabilized income, debt service coverage keeps 13.7% in view. At Happen Bank, loan size follows appraised value. Happen Bank: a study delivers a file, never approval.

SBA loans held by Happen 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	763
Gross dollars approved	$898.0 million
SBA 7(a) loans	763
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	13.7%
The same, counting loans still undisbursed as cancelled (a ceiling)	13.7%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	12.8%
Charged off within five years of approval	5.9%
Loans in that cohort	437

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	421
Fitness center	75
Limited-service restaurant	72
Full-service restaurant	48
Child care center	26
Beauty salon	20
Coffee shop and snack bar	19
Liquor store	11
Nonresidential lessor (flex, office and retail investor buildings)	8
Gas station and truck stop	6
Car wash	6
Automotive mechanical repair (car and truck)	6
Medical office (physicians)	5

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
Florida	107
Texas	83
Illinois	75
California	56
New Jersey	47
Arizona	35
North Carolina	34
Colorado	32
New York	27
Pennsylvania	21
Michigan	19
Massachusetts	18
Ohio	15
Indiana	13
Kansas	13
Virginia	12
Washington	12
Georgia	10
Oregon	10
Tennessee	10
Connecticut	9
Utah	9
New Mexico	8
Wisconsin	8
Minnesota	7
Maryland	6
Missouri	6
Nebraska	6
Nevada	6
Alabama	5
Delaware	5
Iowa	5
Louisiana	5
Rhode Island	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-32551.

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 Happen 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

Happen Bank: SBA Lending Record