Santander Bank, National Association: SBA Lending Record
What SBA's own loan files show about Santander Bank, National Association as an SBA lender, and how a lender's record bears on a feasibility study.
Santander Bank, National Association: the SBA record
3,336 approved loans tie to Santander Bank, National Association in SBA's files, FY2017 to FY2026: $887.5 million gross. Santander Bank, National Association is recorded by SBA in Delaware. The 3,336 loans count as holdings: Santander Bank, National Association is current or last holder, per SBA. 3,336 loans belong to SBA 7(a). Santander Bank, National Association has 0 in SBA 504. Santander Bank, National Association's FY2026 is a complete fiscal year. Santander Bank, National Association's record spans 3,336 loans and $887.5 million gross. Behind the 3,336 loans stands SBA's guarantee, not Santander Bank, National Association's, so read holdings and not policy.
2,273 of Santander Bank, National Association's 3,336 loans have no named class. Classes at Santander Bank, National Association: Full-service restaurant (414); Limited-service restaurant (133); Liquor store, 103; Grocery store (48); Medical office (physicians) at 41; Beauty salon (40); Automotive mechanical repair (car and truck) at 37; Child care center, 36; Fitness center at 35; Dental office (31); Caterers (includes banquet halls with catering staff) (22); Gas station and truck stop at 20; Coffee shop and snack bar at 17; Beverage manufacturing (breweries, wineries, distilleries) at 15. 414 Full-service restaurant loans sit beside 2,273 unclassed ones in Santander Bank, National Association's 3,336. A class view of Santander Bank, National Association spans part of 3,336. 133 Limited-service restaurant loans trail 414 Full-service restaurant at Santander Bank, National Association.
The states behind Santander Bank, National Association
Santander Bank, National Association's state table reads: Connecticut at 1,046; Massachusetts (741); New York (730); New Jersey (379); Rhode Island, 218; Pennsylvania (177); New Hampshire at 30. Delaware, where SBA records Santander Bank, National Association, is not the first line. 1,046 of Santander Bank, National Association's 3,336 loans sit in Connecticut. Santander Bank, National Association's table maps 3,336 loans, no boundary for sites beyond Connecticut.
Santander Bank, National Association: floors and study
FY2017 to FY2024 approvals: 11.4% cancelled after approval, a floor. Ceiling: 14.1%, with undisbursed loans counted cancelled. The floor, 4.8%, comes from 1,650 loans disbursed in FY2017 to FY2021. 2.7% when counted to year five. A 11.4% floor at Santander Bank, National Association says approval is no funding. 4.8% of 1,650 charged off; cash flow must hold. For Santander Bank, National Association, test one is site demand. At Santander Bank, National Association, test two is full project cost. At Santander Bank, National Association, test three is debt service coverage. At Santander Bank, National Association, test four is the appraisal.
Santander Bank, National Association's file hands a lender 3,336 loans and $887.5 million gross. Santander Bank, National Association's book gives a borrower 3,336 holdings, not terms. The 3,336 loans cannot show how Santander Bank, National Association would treat a request. 414 Full-service restaurant loans lead the named classes. Santander Bank, National Association's file ends at holdings. Santander Bank, National Association borrowers need a study that stands alone. Santander Bank, National Association is shown as holder of 3,336 loans, no more.
SBA loans held by Santander Bank, National Association
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.
| Loans approved, FY2017 to FY2026 | 3,336 |
|---|---|
| Gross dollars approved | $887.5 million |
| SBA 7(a) loans | 3,336 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.4% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 14.1% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 4.8% |
| Charged off within five years of approval | 2.7% |
| Loans in that cohort | 1,650 |
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 | 2,273 |
| Full-service restaurant | 414 |
| Limited-service restaurant | 133 |
| Liquor store | 103 |
| Grocery store | 48 |
| Medical office (physicians) | 41 |
| Beauty salon | 40 |
| Automotive mechanical repair (car and truck) | 37 |
| Child care center | 36 |
| Fitness center | 35 |
| Dental office | 31 |
| Caterers (includes banquet halls with catering staff) | 22 |
| Gas station and truck stop | 20 |
| Coffee shop and snack bar | 17 |
| Beverage manufacturing (breweries, wineries, distilleries) | 15 |
| Behavioral health and addiction treatment | 11 |
| Manufactured housing community (lessors of other real estate) | 7 |
| Rehabilitation and therapy clinic | 7 |
| Car wash | 6 |
| Hotel and motel | 5 |
| Veterinary clinic | 5 |
| Hospital | 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 |
|---|---|
| Connecticut | 1,046 |
| Massachusetts | 741 |
| New York | 730 |
| New Jersey | 379 |
| Rhode Island | 218 |
| Pennsylvania | 177 |
| New Hampshire | 30 |
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-fdic-29950.
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