Sound Credit Union: SBA Lending Record
What SBA's own loan files show about Sound Credit Union as an SBA lender, and how a lender's record bears on a feasibility study.
Across FY2017 to FY2026, Sound Credit Union appears in SBA's records on 319 approved loans carrying $70.0 million in gross dollars. The $70.0 million for Sound Credit Union counts approved dollars, not balances. 319 loans sit under SBA 7(a), every Sound Credit Union loan here. Sound Credit Union reads 0 under SBA 504. 319 loans are records SBA keeps on Sound Credit Union. SBA, not Sound Credit Union, carries each guarantee. Each of the 319 loans is assigned to Sound Credit Union now, or last held by it. For Sound Credit Union, the split means SBA 7(a) only: 319 loans. Here, Sound Credit Union means the holder SBA names. Sound Credit Union's 319 loans span FY2017 to FY2026 approvals.
Sound Credit Union: asset classes and states
For Sound Credit Union, these classes lead: full-service restaurant, 16 loans; assisted living, 15 loans; beauty salon, 8 loans. Another 229 loans credited to Sound Credit Union fall outside all of those classes. Sound Credit Union's 319 loans: a slice sits in named classes. Sound Credit Union holds 16 in full-service restaurant. Sound Credit Union's state listing shows only Washington, with 319 loans. Every one of Sound Credit Union's 319 loans therefore sits in Washington. Sound Credit Union's counts are a map only.
Sound Credit Union: outcome floors
5.4% of Sound Credit Union approvals, FY2017 to FY2024, were cancelled. For Sound Credit Union, 5.4% is a floor. Sound Credit Union's floor stops at FY2024 approvals. Sound Credit Union shows no ceiling. Sound Credit Union falls under Loan Analytics' own rule. For Sound Credit Union, under 30 loans means no rate. Sound Credit Union: the cohort runs FY2017 to FY2021. Sound Credit Union's cohort holds 74 disbursed loans. 0.00% of Sound Credit Union loans are charged off to date. For Sound Credit Union, 0.00% is a floor. Sound Credit Union: the two rates cover different loans. Sound Credit Union: 0.00% charged off within 5 years.
Sound Credit Union: the study comes first
Sound Credit Union holds 319 recorded loans, $70.0 million in all. At Sound Credit Union, demand comes first: who pays? For Sound Credit Union, cost is second; 319 loans do not replace a quote. For Sound Credit Union, third is debt service coverage. Sound Credit Union: 0.00% and 5.4% are floors. At Sound Credit Union, the appraisal comes last: 319 loans cannot set your value. Sound Credit Union's record cannot settle cost. Here Sound Credit Union is a holder, not a verdict. Sound Credit Union's 319 loans state nothing about its requirements. Ask Sound Credit Union directly. Test first, then compare with Sound Credit Union's 319 loans. Ask Sound Credit Union what a complete study contains.
SBA loans held by Sound Credit Union
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 | 319 |
|---|---|
| Gross dollars approved | $70.0 million |
| SBA 7(a) loans | 319 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 5.4% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 0.00% |
| Charged off within five years of approval | 0.00% |
| Loans in that cohort | 74 |
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 | 229 |
| Full-service restaurant | 16 |
| Assisted living (without nursing care) | 15 |
| Beauty salon | 8 |
| Fitness center | 6 |
| Coffee shop and snack bar | 6 |
| Nonresidential lessor (flex, office and retail investor buildings) | 5 |
| Caterers (includes banquet halls with catering staff) | 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 |
|---|---|
| Washington | 319 |
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-ncua-66331.
Related feasibility study pages
- SBA Lender Feasibility Study Data
- SBA feasibility study company
- Banner Bank: SBA Lending Record
- Evergreen Business Capital: SBA Lending Record
- Washington Trust Bank: SBA Lending Record
- Northwest Business Development Association: SBA Lending Record
- Heritage Bank (WA): SBA Lending Record
- Harborstone CU: SBA Lending Record
- Ameritrust CDC: SBA Lending Record
- WaFd Bank: SBA Lending Record
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