Open Bank: SBA Lending Record

SBA's record for Open Bank

1,384 approved loans tie to Open Bank in SBA's files, FY2017 to FY2026: $2.09 billion gross. SBA records Open Bank in California. All 1,384 loans are holdings: Open Bank is current or last holder, per SBA. 1,384 loans sit under SBA 7(a). Open Bank has 0 under SBA 504. Open Bank's FY2026 counts as a finished year. Open Bank's record spans 1,384 loans and $2.09 billion gross. Behind the 1,384 loans stands SBA's guarantee, not Open Bank's, so read holdings and not policy.

301 of the 1,384 loans for Open Bank sit in no named class. Classes at Open Bank: Hotel and motel at 294; Gas station and truck stop (223); Liquor store (194); Full-service restaurant, 130; Limited-service restaurant (75); Grocery store at 45; Car wash at 33; Coffee shop and snack bar, 26; Dental office at 19; Automotive mechanical repair (car and truck) (10); Skilled nursing, 7; Assisted living (without nursing care), 6. Of 1,384 loans, 301 are unclassed and 294 are Hotel and motel. A class view of Open Bank spans part of 1,384. 223 Gas station and truck stop loans trail 294 Hotel and motel at Open Bank.

Open Bank by state

Open Bank's state table reads: California, 759; Texas (145); Washington (127); Georgia at 82; Colorado, 48; Oregon (34); Nevada (28); Maryland (17); New Mexico at 15; Arizona, 13; North Carolina at 12; Virginia at 12. California is also where SBA records Open Bank, so the book starts at home. 759 of Open Bank's 1,384 loans sit in California. Open Bank's table maps 1,384 loans, no boundary for sites beyond California.

Open Bank: floors and study

FY2017 to FY2024 approvals: 6.5% cancelled after approval, a floor. Ceiling 6.5%, identical to the floor. 1.5% of the 749 loans disbursed in FY2017 to FY2021 show as charged off, a floor. Open Bank's five-year charge-off rate is held back. Loan Analytics' small-group standard keeps it out where groups are small. Do not read it as zero; the page does not guess. 6.5% cancelled means approval is not funding. 1.5% charged off in 749 loans: cash flow must hold. At Open Bank, test one is site demand. At Open Bank, test two is full project cost. For Open Bank, test three is debt service coverage. At Open Bank, test four is the appraisal.

Open Bank's book gives a lender $2.09 billion gross across 1,384 loans. Open Bank's file hands a borrower 1,384 holdings and no terms. The 1,384 loans cannot show how Open Bank would treat a request. 294 Hotel and motel loans come first. Open Bank shows holdings and little else. Open Bank borrowers need a study that stands alone. The record stops at 1,384 loans held by Open Bank.