Harvest Small Business Finance, LLC: SBA Lending Record

Harvest Small Business Finance, LLC in SBA data

SBA's the FY2017 to FY2026 window records list 2,879 loans for Harvest Small Business Finance, LLC, with $3.23 billion in gross approvals. The record is SBA 7(a) throughout and has no SBA 504 loans. SBA files the lender under CA. As with every lender page, the numbers record loans SBA shows this company holding or having held, with the guarantee provided by SBA and 7(a) loans credited to the current or last holder.

Classes and states

Class detail exists for only part of the book: 1,838 loans fall outside the named classes. Of the named classes, full-service restaurants are largest at 198 loans, automotive repair has 124, child care centers 122, limited-service restaurants 85 and hotels and motels 75. California dominates with 1,251 loans, followed by Florida at 205, Illinois at 143, Texas at 124, and Georgia and New York at 116 each.

Cancellations and charge-offs

Take the FY2017 to FY2024 approvals. 11.0% is the cancellation floor. Harvest Small Business Finance, LLC gets no ceiling that counts undisbursed loans here by our own threshold, since too few loans support it; so it is not a zero. Disbursed FY2017 through FY2021: 995 loans. Charge-off floor at present: 0.60%. Within five years of approval: 0.00%. Nothing is final for 995 open loans.

Questions for a study

A child care project is a good example of a class with real weight here, at 122 loans, and its study should examine licensed capacity, the enrolment ramp, staffing ratios and a compliant build-out. A hotel study would show what rooms earn against what they cost with a slower year in the model. A restaurant study turns on covers, check size and occupancy cost. Because 1,838 loans carry no class, a borrower with a different kind of property cannot lean on this record for precedent. The study has to supply the demand evidence, a cost estimate and an appraisal that supports the value, and it should leave room for a project that closes late.

Holder note

A reminder about whose loans these are. SBA shows Harvest Small Business Finance, LLC as the holder of the 2,879 loans, which is not the same as saying the holder arranged them, and the page makes no such claim. The guarantee belongs to SBA. For a borrower, the useful reading is the shape of the holdings: 1,251 in California, restaurants and child care among the named classes, and a cancellation floor of 11.0%.