Metro City Bank: SBA Lending Record

Metro City Bank in SBA records

Metro City Bank, in SBA's FY2017 to FY2026 files, is credited with 1,598 loans and $2.56 billion in gross approvals. All of them are SBA 7(a), and Metro City Bank is filed under GA. The figures are SBA's records of 1,598 loans the lender holds or last held. The guarantee comes from SBA, not the holder, while a 7(a) loan is counted under its current or last holder. The page does not say what Metro City Bank looks for in a borrower or how it prices risk.

Fuel and liquor lead the named classes

Only 457 of the 1,598 loans lack a named class. Gas stations and truck stops lead with 297 loans, liquor stores follow with 203, full-service restaurants have 149, limited-service restaurants 127 and hotels and motels 106. Georgia holds 716 loans and Texas 343, with New York at 98, Alabama at 53, Florida at 46 and New Jersey at 45.

Cancellation floors and charge-offs here

Cancelled after approval, FY2017 to FY2024 approvals: floor of 16.7%. The cancellation figure that includes undisbursed loans is suppressed under our own reporting rule, because too few loans carry it; no blank here means zero. Disbursed FY2017 through FY2021: 840 loans. Charge-off floor so far: 1.1%. Metro City Bank gets no rate charged off within five years here under Loan Analytics' own threshold, because too few loans carry it; so nothing here says zero. Loans stay open at Metro City Bank, so both rates may climb.

What a study has to test

With 297 gas station and truck stop loans, this is the class a borrower will compare first. The study for such a site tests fuel gallons, in-store sales and the margin on each, site traffic and environmental exposure on the parcel, then the appraised value of the real estate. A liquor store study checks licence status, basket size, inventory turns and competing outlets nearby. A hotel study adds occupancy, average rate and cost per room, plus a slower year in the model. A project in Georgia or Texas is nearest this record, and one elsewhere has to explain why the holdings are relevant. Debt service coverage should be shown in a base case and a weaker case.

Reading the blanks

Two figures are missing from this page by rule, namely the cancellation ceiling together with the rate charged off at five years. Neither is zero, and neither should be guessed. What the page offers instead is the 16.7% cancellation floor, a 1.1% charge-off floor across 840 loans, and a class table in which 297 gas station loans and 203 liquor store loans lead. A borrower in either class should weigh those counts, and then build a study that stands alone.