Provident Bank: SBA Lending Record

Provident in SBA data

535 loans for FY2017 to FY2026 sit under Provident Bank. At Provident, they add up to $478.0 million in gross dollars approved. All 535 are SBA 7(a) loans, and Provident has 0 SBA 504 loans. Provident is recorded in New Jersey. The 535 figures are SBA's records of Provident holdings. Nothing in them shows what Provident requires. SBA, not Provident, guarantees them. Each of the 535 sits under its latest holder.

Provident: asset classes

Provident has 257 loans in no named class, so Provident class views cover part of 535. Provident: liquor store leads, at 117, child care center at 36, then limited-service restaurant at 32. Lower at Provident: full-service restaurant at 30, then coffee shop and snack bar at 13, next car wash at 7. Next at Provident: beauty salon at 6, hotel and motel at 5, then fitness center at 5. The 257 unplaced loans are the largest block at Provident, ahead of any class. Named classes at Provident cover the rest of 535.

Provident: geography

New Jersey heads the Provident state table at 358 loans, then New York with 138 and Pennsylvania with 30. The Provident spread shows whether the 535 holdings reach beyond New Jersey.

Provident: loan outcomes

Cancellation floor for Provident over FY2017 to FY2024 approvals: 10.6%, among 535. Our own rule withholds the Provident ceiling. The Provident charge-off rate is withheld too. Provident's cohorts are too small.

Provident: using the figures

Provident figures form a map of holdings. 535 loans show where Provident stands as holder. The 10.6% cancellation floor shows how Provident approvals fared. It forecasts no Provident request. A Provident project has demand and cost. A Provident borrower should name which of the 535 loans look like it. Differences matter to Provident as much as likenesses. 535 loans, plainly told, let Provident judge the study. A floor of 10.6% at Provident describes the past, not the future.

Provident: study tests

Preparing a request to Provident? Read 535 loans as background for Provident. Liquor store borrowers at Provident meet 117 loans, the closest comparison. Provident: the study tests store sales. Provident needs lease terms tested too. Show Provident coverage in a slow year too. Provident needs an appraisal that supports it. Provident offers just 257 unplaced loans for an unnamed type. Provident's study makes the case. Provident holds 358 loans in New Jersey. Elsewhere, Provident holdings need a reason. At Provident, a cancellation floor of 10.6% means approval is not funding. The Provident study should allow for delay.