Simmons Bank: SBA Lending Record

Simmons as holder

Simmons Bank holds 1,445 loans for FY2017 to FY2026. At Simmons, the gross dollars approved are $610.4 million. Not one of the 1,445 at Simmons is an SBA 504 loan; all 1,445 are SBA 7(a). Simmons: state of record Arkansas. Simmons is shown as holder of 1,445 loans at last record, or now. At Simmons, SBA stands behind the 1,445. A loan Simmons passed on no longer shows under Simmons.

Simmons: named classes

839 of the 1,445 loans at Simmons are unplaced. That limits Simmons's class view. Simmons: fitness center first, at 191; beauty salon at 143, limited-service restaurant at 66. Then at Simmons: full-service restaurant at 62, coffee shop and snack bar at 23, then automotive mechanical repair at 22. Lower at Simmons: hotel and motel at 19; nonresidential lessor at 16, gas station and truck stop at 13. Next at Simmons: child care center at 8, next medical office at 5; liquor store at 5. With 839 unplaced loans in front, Simmons offers class evidence for part of 1,445.

Simmons: states

The largest state for Simmons is Texas at 451 loans, then Missouri with 223 and California with 119. The Simmons table continues through Arkansas at 96, Florida at 67, Tennessee at 64, Arizona at 42, Kansas at 40, Illinois at 37 and Georgia at 31, then smaller counts. For Simmons, home state Arkansas shows 96 loans. For Simmons, 1,445 loans show holdings, not a lending territory.

Simmons: the floors

Simmons's FY2017 to FY2024 approvals: 10.2% or more cancelled, a floor among 1,445. Simmons ceiling: 10.2%, counting undisbursed loans as cancelled. Simmons: floor and ceiling meet. Across 1,176 FY2017 to FY2021 disbursements, Simmons has at least 9.6% charged off to date, plus 3.0% by five years after approval. 9.6% at Simmons is a floor. Open Simmons loans can still be charged off.

Simmons: how to read it

The Simmons record gives a book's shape. 1,445 loans mark where Simmons holds SBA loans. 10.2% cancelled marks where Simmons approvals fell away, a floor for 1,445. Neither figure decides a Simmons request. A Simmons request has own demand and cost. The Simmons study should say which of the 1,445 loans resemble the project. For Simmons, it should name differences. 1,445 loans, read plainly, give Simmons a fair view. A floor of 10.2% is history for Simmons, not a forecast.

Simmons: study to bring

A borrower weighing Simmons should treat 1,445 loans as context, not a promise from Simmons. In fitness center, Simmons shows 191 loans as a reference point. Simmons: the study tests membership depth. Simmons needs equipment cost tested too. Show Simmons coverage in a slow year too. Simmons needs an appraisal that supports it. Simmons offers just 839 unplaced loans for an unnamed type. Simmons's study makes the case. Simmons holds 451 loans in Texas. Elsewhere, Simmons holdings need a reason. Cancelled at Simmons: a floor of 10.2%. Approval is not funding. A Simmons study should hold up under delay.