Nicolet National Bank: SBA Lending Record

Nicolet as holder

Nicolet National Bank holds 832 loans for FY2017 to FY2026. At Nicolet, the gross dollars approved are $421.4 million. Not one of the 832 at Nicolet is an SBA 504 loan; all 832 are SBA 7(a). Nicolet: state of record Wisconsin. Nicolet is shown as holder of 832 loans at last record, or now. At Nicolet, SBA stands behind the 832. A loan Nicolet passed on no longer shows under Nicolet.

Nicolet: named classes

597 of the 832 loans at Nicolet are unplaced. That limits Nicolet's class view. Nicolet: full-service restaurant first, at 50, next beverage manufacturing at 20; automotive mechanical repair at 19. Then at Nicolet: limited-service restaurant at 19; hotel and motel at 17, fitness center at 17. Lower at Nicolet: beauty salon at 17, next coffee shop and snack bar at 14; liquor store at 13. Next at Nicolet: grocery store at 10, then child care center at 7, next gas station and truck stop at 6. With 597 unplaced loans in front, Nicolet offers class evidence for part of 832.

Nicolet: states

The largest state for Nicolet is Wisconsin at 479 loans, then Michigan with 136 and Minnesota with 94. The Nicolet table continues through Iowa at 71 and Colorado at 37. For Nicolet, 832 loans show holdings, not a lending territory.

Nicolet: the floors

Nicolet's FY2017 to FY2024 approvals: 5.2% or more cancelled, a floor among 832. Our own rule withholds the Nicolet ceiling. Nicolet's cohorts are too small. Nicolet has 491 FY2017 to FY2021 disbursements. At least 2.0% are charged off to date, 1.0% within five years of approval. The Nicolet figure of 2.0% is a floor. Open Nicolet loans can still be charged off.

Nicolet: how to read it

The Nicolet record gives a book's shape. 832 loans mark where Nicolet holds SBA loans. 5.2% cancelled marks where Nicolet approvals fell away, a floor for 832. Neither figure decides a Nicolet request. A Nicolet request has own demand and cost. The Nicolet study should say which of the 832 loans resemble the project. For Nicolet, it should name differences. 832 loans, read plainly, give Nicolet a fair view. A floor of 5.2% is history for Nicolet, not a forecast.

Nicolet: study to bring

A borrower weighing Nicolet should treat 832 loans as context, not a promise from Nicolet. In full-service restaurant, Nicolet shows 50 loans as a reference point. Nicolet: the study tests sales per seat. Nicolet needs labour cost tested too. Show Nicolet coverage in a slow year too. Nicolet needs an appraisal that supports it. Nicolet offers just 597 unplaced loans for an unnamed type. Nicolet's study makes the case. Nicolet holds 479 loans in Wisconsin. Elsewhere, Nicolet holdings need a reason. Cancelled at Nicolet: a floor of 5.2%. Approval is not funding. A Nicolet study should hold up under delay.