PeopleFund: SBA Lending Record

What SBA's own loan files show about PeopleFund as an SBA lender, and how a lender's record bears on a feasibility study.

Daniel Smith, MAI

PeopleFund as holder

PeopleFund holds 486 loans for FY2017 to FY2026. At PeopleFund, the gross dollars approved are $123.7 million. 433 of the 486 at PeopleFund are SBA 7(a) loans and 53 are SBA 504 loans. On the 53 504 loans, PeopleFund is a Certified Development Company. At PeopleFund, first-lien lenders are free text. The PeopleFund file does not credit them. PeopleFund: state of record Texas. PeopleFund is shown as holder of 486 loans at last record, or now. At PeopleFund, SBA stands behind the 486. A loan PeopleFund passed on no longer shows under PeopleFund.

PeopleFund: named classes

300 of the 486 loans at PeopleFund are unplaced. That limits PeopleFund's class view. PeopleFund: full-service restaurant first, at 29, next fitness center at 26; coffee shop and snack bar at 23. Further at PeopleFund: child care center at 20; limited-service restaurant at 19, rehabilitation and therapy clinic at 14. Last at PeopleFund: beauty salon at 8, next hotel and motel at 7; beverage manufacturing at 7. Also at PeopleFund: automotive mechanical repair at 6, then liquor store at 5. With 300 unplaced loans in front, PeopleFund offers class evidence for part of 486.

PeopleFund: states

The state table for PeopleFund lists Texas alone, at 486 loans. A project in Texas meets a PeopleFund book. For a project elsewhere, PeopleFund gives no state count.

PeopleFund: the floors

PeopleFund's FY2017 to FY2024 approvals: 4.9% or more cancelled, a floor among 486. Our own rule withholds the PeopleFund ceiling. PeopleFund's cohorts are too small. Across 234 FY2017 to FY2021 disbursements, PeopleFund has at least 12.4% charged off to date, plus 9.0% by five years after approval. At PeopleFund, 12.4% is a floor. Open PeopleFund loans can still be charged off.

PeopleFund: how to read it

The PeopleFund record gives a book's shape. 486 loans mark where PeopleFund holds SBA loans. 4.9% cancelled marks where PeopleFund approvals fell away, a floor for 486. Neither figure decides a PeopleFund request. A PeopleFund request has own demand and cost. The PeopleFund study should say which of the 486 loans resemble the project. For PeopleFund, it should name differences. 486 loans, read plainly, give PeopleFund a fair view. A floor of 4.9% is history for PeopleFund, not a forecast.

PeopleFund: study to bring

A borrower weighing PeopleFund should treat 486 loans as context, not a promise from PeopleFund. In full-service restaurant, PeopleFund shows 29 loans as a reference point. PeopleFund: the study tests sales per seat. PeopleFund needs labour cost tested too. Show PeopleFund coverage in a slow year too. PeopleFund needs an appraisal that supports it. PeopleFund offers just 300 unplaced loans for an unnamed type. PeopleFund's study makes the case. PeopleFund holds 486 loans in Texas. Elsewhere, PeopleFund holdings need a reason. Cancelled at PeopleFund: a floor of 4.9%. Approval is not funding. A PeopleFund study should hold up under delay.

SBA loans held by PeopleFund

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

One organisation under two SBA identifiers: a CDC (504) that also lends under 7(a), linked by equal normalised name and equal lender state (manifests/ld2/lender-links.csv).

Loans approved, FY2017 to FY2026	486
Gross dollars approved	$123.7 million
SBA 7(a) loans	433
SBA 504 loans	53

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	4.9%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	12.4%
Charged off within five years of approval	9.0%
Loans in that cohort	234

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	300
Full-service restaurant	29
Fitness center	26
Coffee shop and snack bar	23
Child care center	20
Limited-service restaurant	19
Rehabilitation and therapy clinic	14
Beauty salon	8
Hotel and motel	7
Beverage manufacturing (breweries, wineries, distilleries)	7
Automotive mechanical repair (car and truck)	6
Liquor store	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
Texas	486

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-cdc-0509578.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by PeopleFund or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

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