SouthState Bank, National Association: SBA Lending Record

SouthState: SBA record

2,960 loans for FY2017 to FY2026 stand against SouthState Bank, National Association. At SouthState, gross dollars approved come to $2.12 billion. The SouthState book of 2,960 is SBA 7(a) business, with SouthState at 0 SBA 504 loans. SouthState lists Florida as its state. SouthState holds 2,960 loans now or at last record. For SouthState, SBA guarantees 2,960. Earlier holders of the 2,960 do not show. Who first financed a SouthState loan is not shown, nor how SouthState judges a request.

SouthState: class mix

The class view leaves 2,015 of 2,960 unplaced at SouthState. SouthState: limited-service restaurant at 183, then full-service restaurant at 170, next automotive mechanical repair at 97. Next at SouthState: fitness center at 60, next child care center at 60; dental office at 51. Further at SouthState: medical office at 46, then beauty salon at 37, next coffee shop and snack bar at 31. Last at SouthState: liquor store at 22, hotel and motel at 19, then gas station and truck stop at 17. 2,015 unplaced loans lead the SouthState table, so SouthState covers under half of 2,960 in a class comparison.

SouthState by state

By state, Florida leads SouthState with 789 loans, then Georgia with 488 and Texas with 469. The SouthState table continues through Colorado at 348, North Carolina at 188, South Carolina at 171, Virginia at 99, Alabama at 74, Tennessee at 49 and Massachusetts at 42, then smaller counts. Use the SouthState spread to see how far 2,960 holdings extend past Florida.

SouthState: cancellations

SouthState cancellation floor, FY2017 to FY2024: 8.4% of 2,960 approvals. Our own rule withholds the SouthState ceiling. SouthState's cohorts are too small. SouthState has 1,278 FY2017 to FY2021 disbursements. At least 2.5% are charged off to date, 0.78% within five years of approval. At SouthState, 2.5% is a floor. Open SouthState loans can still be charged off.

SouthState: reading the record

SouthState offers borrowers facts about holdings, and 2,960 loans are those facts. SouthState has another: the 8.4% floor. At SouthState, neither fact predicts a decision. A SouthState project stands on own numbers. The SouthState study should pick out the 2,960 loans that resemble it. For SouthState, it should flag the differences. SouthState reads the project against 2,960 loans. A cancellation floor of 8.4% at SouthState describes the past, not the future.

SouthState: the study

With SouthState in view, 2,960 loans frame the study, not the SouthState decision. For limited-service restaurant, SouthState has 183 loans, the nearest comparison. SouthState: the study tests ticket counts. SouthState needs build-out cost tested too. Show SouthState coverage in a slow year too. SouthState needs an appraisal that supports it. SouthState offers just 2,015 unplaced loans for an unnamed type. SouthState's study makes the case. SouthState holds 789 loans in Florida. Elsewhere, SouthState holdings need a reason. The SouthState floor of 8.4% is a warning. The SouthState study should allow for delay.