LiftFund, Inc.: SBA Lending Record

LiftFund, Inc.: loans and programs

LiftFund, Inc. has 920 approved loans in SBA's files, $627.9 million gross, FY2017 to FY2026. TX is the lender state SBA records for LiftFund, Inc.. LiftFund, Inc. has a pair of SBA identifiers, a CDC one for 504 and a second for 7(a), tied together on a matching name and lender state. These 920 loans are ones that SBA shows LiftFund, Inc. holding, now or before. A 504 loan is credited to the CDC, as for LiftFund, Inc.'s 467, and first-lien lenders are not credited. Most loans at LiftFund, Inc. are 504, 467 of them, beside 453 under 7(a). SBA, not LiftFund, Inc., guarantees these 920 loans. Counts for LiftFund, Inc. describe records only.

Where the loans of LiftFund, Inc. sit

LiftFund, Inc. has 534 loans, of 920, outside the classes covered here. Of the classes followed, LiftFund, Inc. reads as follows: Full-service restaurant (64), Fitness center (36), Child care center (31), Limited-service restaurant (30), Car wash (26), Medical office (physicians) (25), Coffee shop and snack bar (25), Beauty salon (24), Hotel and motel (18), Rehabilitation and therapy clinic (12), Automotive mechanical repair (car and truck) (12). Dental office closes the class list with 5 loans. For Full-service restaurant, SBA shows 64 loans against LiftFund, Inc.. LiftFund, Inc. shows 36 loans in Fitness center, the next class. Child care center comes third at LiftFund, Inc., with 31 loans. Georgia follows with 29 loans in the LiftFund, Inc. record. Loans of LiftFund, Inc. by state begin with Texas (826), Georgia (29), Florida (19), Louisiana (17), New Mexico (8), Tennessee (6). TX is where SBA places the lender; Texas carries the most loans, 826.

What SBA records on outcomes for LiftFund, Inc.

Cancellations after approval for LiftFund, Inc., FY2017 to FY2024 approvals: 12.2% as a floor and a ceiling of 16.8%, which counts undisbursed loans. LiftFund, Inc. shows floors, not final rates, and so further write-offs in the cohort can only push it up. Of LiftFund, Inc. loans disbursed in FY2017 to FY2021, 5.2% stand charged off to date, a floor, among 383 loans. The five-year view for LiftFund, Inc., measured from approval, reads 2.9%.

Using the LiftFund, Inc. record in a study

Full-service restaurant at LiftFund, Inc. opens with a read of demand. Next, a study of Fitness center tests cost, with 36 such loans on LiftFund, Inc.'s record. Then comes debt service coverage: LiftFund, Inc. shows $627.9 million across 920 loans, and the coverage test rests on the project. The appraisal is the last test, and 31 Child care center loans at LiftFund, Inc. do not replace it. Texas shows 826 loans and Georgia shows 29 at LiftFund, Inc., a place-by-place view to read with the study. Only LiftFund, Inc. can say what it asks of a request. No figure implies approval, and LiftFund, Inc. sets its own terms.