Independence Bank: SBA Lending Record

1,942 loans trace to Independence Bank for approvals in FY2017 to FY2026, $227.0 million gross. Independence Bank shows 1,942 7(a) loans, and no 504 loans. Independence Bank is listed by SBA as holder of 1,942 7(a) loans. Independence Bank holds 1,942 loans that SBA guarantees.

What Independence Bank holds, by class and state

Independence Bank's class table opens with Automotive mechanical repair (car and truck), 56, Full-service restaurant, 53, Limited-service restaurant, 37, Beauty salon, 19 and Fitness center, 16 loans. Independence Bank's largest group, 1,648 loans, fits no class. Independence Bank's states by loans run California, 239, Florida, 187, Texas, 171, Georgia, 94 and Massachusetts, 92.

Independence Bank outcome floors

Independence Bank approvals cancelled after approval, FY2017 to FY2024: 46.5%, a floor. Independence Bank has a ceiling of 46.5% once undisbursed approvals count as cancelled. Independence Bank has a charge-off floor of 61.8% to date. Its cohort, 1,039 loans, was disbursed in FY2017 to FY2021. Independence Bank charge-offs within five years of approval: 53.5%. Independence Bank floors rise only as loans age.

Independence Bank in a feasibility study

Independence Bank: 56 loans in the Automotive mechanical repair (car and truck) class. Independence Bank study needs service demand. 56 Automotive mechanical repair (car and truck) loans do not settle equipment spend. Independence Bank history says nothing on technician supply. Independence Bank counts 53 loans in the Full-service restaurant class. Independence Bank study needs site traffic. 53 Full-service restaurant loans leave comparable sales open. Independence Bank total of $227.0 million says nothing about any one site. 1,648 Independence Bank loans fit no tracked class. Independence Bank: the project must carry the case. For 239 Independence Bank loans in California, local evidence still decides. Independence Bank: ask directly what it needs to see. 1,942 loans at Independence Bank do not measure demand at one site. Independence Bank: competing supply near the site matters most. Independence Bank study revenue assumptions need written support. Independence Bank request: build cost quoted, not assumed. Independence Bank debt service needs a cautious revenue case. Independence Bank history cannot stand in for an appraisal. Independence Bank study should state its downside case. Independence Bank: state assumptions, test coverage, support value. Independence Bank carries $227.0 million in gross approvals on 1,942 loans. Independence Bank equity belongs in the study.

Independence Bank cancellation floors stop at FY2024 approvals. Independence Bank totals take in FY2025 and FY2026 approvals. Independence Bank cohort: 1,039 loans disbursed in FY2017 to FY2021. Independence Bank figures describe loans held, not lender practices. Independence Bank history of 1,942 loans promises nothing to a new borrower.