Horizon Bank: SBA Lending Record

SBA's record for Horizon Bank

502 approved loans sit against Horizon Bank in FY2017 to FY2026 files, $178.9 million gross. In SBA's file, Horizon Bank sits in Indiana. All 502 loans are holdings: SBA names Horizon Bank as holder or last holder. 502 loans sit under SBA 7(a). Horizon Bank has 0 in SBA 504. Horizon Bank's last year, FY2026, is complete. 502 loans, $178.9 million gross: that is Horizon Bank's whole record. Behind the 502 loans stands SBA's guarantee, not Horizon Bank's, so read holdings and not policy.

371 of the 502 loans for Horizon Bank sit in no named class. Classes at Horizon Bank: Limited-service restaurant (32); Full-service restaurant, 19; Fitness center, 13; Automotive mechanical repair (car and truck), 7; Medical office (physicians), 6; Beauty salon (6); Coffee shop and snack bar (6); Child care center, 5. 32 Limited-service restaurant loans sit beside 371 unclassed ones in Horizon Bank's 502. Horizon Bank's classes describe part of 502. 19 Full-service restaurant loans trail 32 Limited-service restaurant at Horizon Bank.

Horizon Bank by state

The state table has one line: Michigan, with 281 of the 502 loans. Michigan alone holds 281 of Horizon Bank's 502 loans. Horizon Bank's table maps 502 loans, no boundary for sites beyond Michigan.

Horizon Bank: the floors

FY2017 to FY2024 approvals: 15.8% cancelled after approval, a floor. Within Horizon Bank's 502 loans, no ceiling appears. That upper bound treats not-yet-funded loans as cancelled ones. Loan Analytics' small-group test hides it on thin cohorts. Treat it as unknown rather than zero; the page does not guess. Within Horizon Bank's 502 loans, the page shows no charge-off rate for FY2017 to FY2021 disbursements. Loan Analytics' small-group standard declines to print it for small groups. Do not read it as zero; nothing is inferred. A 15.8% floor at Horizon Bank says approval is no funding. Horizon Bank: no rate, cash flow must hold. At Horizon Bank, test one is site demand. At Horizon Bank, test two is full project cost. At Horizon Bank, test three is debt service coverage. At Horizon Bank, test four is the appraisal.

Horizon Bank's file hands a lender 502 loans and $178.9 million gross. Horizon Bank's book gives a borrower 502 holdings, not terms. The 502 loans cannot show how Horizon Bank would treat a request. 32 Limited-service restaurant loans sit at the top. Horizon Bank's holdings are all that is shown. For Horizon Bank, bring a self-standing study. Horizon Bank is shown as holder of 502 loans, no more.