Primary Bank: SBA Lending Record

Primary Bank: loans and programs

Primary Bank stands at 273 approved loans and $104.1 million gross, FY2017 to FY2026. Primary Bank does not guarantee these 273 loans; SBA does. The figures for Primary Bank are loan records only. SBA records Primary Bank as holding, or having held, these 273 loans. All 273 loans at Primary Bank are 7(a); 0 are 504. NH is the lender state SBA records for Primary Bank.

Asset classes and states in the Primary Bank book

The tracked classes leave 189 of Primary Bank's 273 loans uncovered. Among followed classes, Primary Bank stands thus: Limited-service restaurant (25), Full-service restaurant (18), Fitness center (7), Beverage manufacturing (breweries, wineries, distilleries) (5), Beauty salon (5). A buyer planning Limited-service restaurant can see 25 loans on the record of Primary Bank. Primary Bank shows 18 loans in Full-service restaurant, the next class. Fitness center comes third at Primary Bank, with 7 loans. Massachusetts ranks second among states for Primary Bank, at 21 loans. The state column for Primary Bank opens New Hampshire (246), Massachusetts (21). SBA records the lender state as NH, and the largest state by loans is New Hampshire.

What SBA records on outcomes for Primary Bank

For Primary Bank approvals from FY2017 to FY2024, 15.6% are known cancelled, a floor. Loan Analytics withholds the ceiling under the rule of fewer than 30 loans, and with 15.6% as the only figure, the gap above it is not zero. Primary Bank has 273 loans in all, yet too few were disbursed in FY2017 to FY2021 to print a charge-off floor, and no number stands in for it. These are minimum rates for Primary Bank, and further losses in the cohort can only raise it.

Using the Primary Bank record in a study

A study for Limited-service restaurant taken to Primary Bank must test demand first. A study of Full-service restaurant also weighs development cost; Primary Bank shows 18 loans in that class. Debt service coverage is third, and $104.1 million across 273 loans at Primary Bank never decides that for any one project. The appraisal is a separate step, since 7 Fitness center loans at Primary Bank cannot displace it. A borrower in New Hampshire can compare with 246 loans in the Primary Bank record, and one in Massachusetts, 21. Primary Bank alone decides what it expects. No figure guarantees approval, and Primary Bank sets its own terms.