PromiseOne Bank: SBA Lending Record

PromiseOne in SBA data

779 loans for FY2017 to FY2026 sit under PromiseOne Bank. At PromiseOne, they add up to $900.1 million in gross dollars approved. All 779 are SBA 7(a) loans, and PromiseOne has 0 SBA 504 loans. PromiseOne is recorded in Georgia. The 779 figures are SBA's records of PromiseOne holdings. Nothing in them shows what PromiseOne requires. SBA, not PromiseOne, guarantees them. Each of the 779 sits under its latest holder.

PromiseOne: asset classes

PromiseOne has 223 loans in no named class, so PromiseOne class views cover part of 779. PromiseOne: hotel and motel leads, at 241, gas station and truck stop at 86, then full-service restaurant at 76. Lower at PromiseOne: liquor store at 55, then limited-service restaurant at 41, next grocery store at 19. Next at PromiseOne: dental office at 10, beauty salon at 5, then coffee shop and snack bar at 5. At PromiseOne the top named class is larger than 223 unplaced loans. Class counts mean more for PromiseOne than where most go unplaced.

PromiseOne: geography

Georgia heads the PromiseOne state table at 247 loans, then Texas with 94 and Pennsylvania with 60. The PromiseOne table continues through Colorado at 52, Florida at 48, North Carolina at 39, New York at 26, Alabama at 24, South Carolina at 24 and Maryland at 23, then smaller counts. The PromiseOne spread shows whether the 779 holdings reach beyond Georgia.

PromiseOne: loan outcomes

Cancellation floor for PromiseOne over FY2017 to FY2024 approvals: 12.4%, among 779. Our own rule withholds the PromiseOne five-year figure. PromiseOne's cohorts are too small. PromiseOne ceiling: 12.4%, counting undisbursed loans as cancelled. PromiseOne: floor and ceiling meet. Across 466 FY2017 to FY2021 disbursements, PromiseOne has at least 1.7% charged off to date. At PromiseOne, 1.7% is a floor. Open PromiseOne loans can still be charged off.

PromiseOne: using the figures

PromiseOne figures form a map of holdings. 779 loans show where PromiseOne stands as holder. The 12.4% cancellation floor shows how PromiseOne approvals fared. It forecasts no PromiseOne request. A PromiseOne project has demand and cost. A PromiseOne borrower should name which of the 779 loans look like it. Differences matter to PromiseOne as much as likenesses. 779 loans, plainly told, let PromiseOne judge the study. A floor of 12.4% at PromiseOne describes the past, not the future.

PromiseOne: study tests

Preparing a request to PromiseOne? Read 779 loans as background for PromiseOne. Hotel and motel borrowers at PromiseOne meet 241 loans, the closest comparison. PromiseOne: the study tests room demand. PromiseOne needs brand cost tested too. Show PromiseOne coverage in a slow year too. PromiseOne needs an appraisal that supports it. PromiseOne offers just 223 unplaced loans for an unnamed type. PromiseOne's study makes the case. PromiseOne holds 247 loans in Georgia. Elsewhere, PromiseOne holdings need a reason. At PromiseOne, a cancellation floor of 12.4% means approval is not funding. The PromiseOne study should allow for delay.