Midwest Regional Bank: SBA Lending Record

Midwest Regional Bank: the SBA tally

SBA credits Midwest Regional Bank with 1,260 loans approved in FY2017 to FY2026 as present or last holder, with gross dollars approved of $1.04 billion. The 7(a) program accounts for every one of them and 504 accounts for 0. The page reports SBA's record, not the bank's methods.

Mix of classes

724 loans fall outside the classes. Full-service restaurant is the largest classed group with 127 loans, then fitness center with 74 and limited-service restaurant with 64. Child care center and coffee shop and snack bar each hold 39, and automotive mechanical repair (car and truck) 28. A borrower in any of these trades should read the counts as presence only and test the project's own revenue and build costs.

States covered

Texas has 385 loans, Arizona 233, Missouri 229 and Florida 180. Colorado has 159, Illinois 36 and Kansas 9. The list of states is short, so this holder's file speaks for a handful of markets rather than the whole country. A borrower outside those states has little to learn from the geography and should lean on the study of the project itself, including how the site compares with competing sites nearby.

Floors worth reading carefully

A cancellation floor of 15.9% covers approvals dated FY2017 to FY2024, and Loan Analytics withholds the ceiling under its own rule. The cohort of 660 loans disbursed in FY2017 to FY2021 shows 10.6% charged off to date (a floor) and 6.5% charged off within five years of approval. Both rates blend all trades, and loans still season. A feasibility study for a new project should stress its debt service coverage with these floors in mind, because a lender reading them will. Treat them as background that cannot say what a new project will do.

Making the record useful

A feasibility study answers the questions a lender must settle: is there demand, does the cost fit the site, does income cover debt in a weak year and what will an appraiser support. This holder's tallies sit beside those questions as background only and do not tell a borrower what the bank will decide.