IncredibleBank: SBA Lending Record

Loans held and dollars at IncredibleBank

645 loans, approved FY2017 to FY2026, have IncredibleBank as SBA-listed holder. IncredibleBank loans reach $686.9 million in gross approved dollars. SBA, not IncredibleBank, guarantees each of the 645 loans held, now or earlier, by IncredibleBank. Every IncredibleBank loan on file is 7(a), 645 in all; none are 504. IncredibleBank appears as holder, current or last.

386 of 645 loans, held by IncredibleBank, sit in no listed asset class. At IncredibleBank, rows by class cover the remainder. For IncredibleBank, hotel and motel leads the class rows, 52 loans. Then full-service restaurant with 42 loans, liquor store at 28 and limited-service restaurant (22). Further down IncredibleBank: 20 loans in gas station and truck stop, 14 in automotive mechanical repair and beverage manufacturing with 10 loans. Hotel and motel: across 645 loans, check IncredibleBank for it.

IncredibleBank by state: Wisconsin (137), 66 in Michigan, Florida (57), 53 in California, Texas (46), 37 in Colorado, North Carolina (35), 23 in Pennsylvania and Georgia (21). Wisconsin holds the largest share, 137 loans. Far down the list, IncredibleBank gives a project little local depth.

At IncredibleBank: cancellations and charge-offs

IncredibleBank cancellation floor stands at 10.5%, counting FY2017 to FY2024 approvals. Under Loan Analytics' own rule, the IncredibleBank ceiling is held back. Among 416 loans disbursed FY2017 to FY2021, IncredibleBank has 4.8% charged off, a floor. IncredibleBank: 2.6% charged off within five years. IncredibleBank outcomes show; reasons do not. IncredibleBank cohort rates cover FY2017 to FY2021 disbursements. IncredibleBank: 10.5% is a floor, 645 loans notwithstanding, not a forecast. IncredibleBank rates stay floors; 645 loans could still lift 10.5%.

IncredibleBank: a borrower's view

For IncredibleBank, a bank or lender, 645 loans sit in SBA records. Nothing in IncredibleBank rows states what IncredibleBank asks of an applicant. At IncredibleBank, weigh Wisconsin then hotel and motel, 645 loans deep, against the project. IncredibleBank: other sources go in the study.

IncredibleBank totals are context. 645 loans say little about a project, Wisconsin or beyond it. 645 loans at IncredibleBank do not carry hotel and motel demand, IncredibleBank cannot; Wisconsin conditions do, not IncredibleBank. Test cost line by line, 645 loans set aside. 645 loans give IncredibleBank breadth, not depth. A 10.5% floor sets the lowest bar for IncredibleBank. At IncredibleBank, debt service coverage keeps 10.5% in view across 645 loans. Collateral for IncredibleBank rests on the appraisal. IncredibleBank: no study promises approval; 645 loans or none, it prepares the file.