Summit CU: loans and programs

Summit CU has 540 approved loans in SBA's files, $142.8 million gross, FY2017 to FY2026. SBA records Summit CU as holding, or having held, these 540 loans. In SBA's file, Summit CU sits in WI. Program split at Summit CU: 540 for 7(a), 0 for 504. Summit CU does not guarantee these 540 loans; SBA does. The figures for Summit CU are loan records only.

Where the loans of Summit CU sit

400 of Summit CU's 540 loans sit outside the classes covered here. Class by class, the record of Summit CU reads Automotive mechanical repair (car and truck) (25), Full-service restaurant (24), Beauty salon (18), Limited-service restaurant (14), Fitness center (13), Child care center (12), Self storage (7), Coffee shop and snack bar (6), Beverage manufacturing (breweries, wineries, distilleries) (5). A buyer planning Automotive mechanical repair (car and truck) will find 25 loans on the record of Summit CU. Full-service restaurant follows with 24 loans at Summit CU. Beauty salon comes third at Summit CU, with 18 loans.

Summit CU: cancellations and losses

The cancellation floor for Summit CU is 9.6% on FY2017 to FY2024 approvals. Past 9.6%, the ceiling is not printed, since Loan Analytics needs 30 loans in a cohort to print one, and for Summit CU the ceiling is simply absent, not zero. Summit CU shows floors, not final rates, so further write-offs in the FY2017 to FY2021 cohort can only raise it. Of Summit CU loans disbursed in FY2017 to FY2021, 1.4% are recorded charged off to date, a floor, across 349 loans. Summit CU's five-year charge-off rate is withheld on the same under-30 rule.

Using the Summit CU record in a study

A study for Automotive mechanical repair (car and truck) presented to Summit CU tests demand before anything. A study of Full-service restaurant next weighs the cost to build; Summit CU shows 24 loans there. The coverage of debt service follows, and $142.8 million across 540 loans at Summit CU cannot settle it for a borrower. To close follows the appraisal, which no count of 18 Beauty salon loans at Summit CU can replace. Summit CU alone knows what it asks for. No figure implies approval, and Summit CU sets its own terms.

SBA loans held by Summit CU

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	540
Gross dollars approved	$142.8 million
SBA 7(a) loans	540
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	9.6%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	1.4%
Charged off within five years of approval	withheld
Loans in that cohort	349

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	400
Automotive mechanical repair (car and truck)	25
Full-service restaurant	24
Beauty salon	18
Limited-service restaurant	14
Fitness center	13
Child care center	12
Self storage	7
Coffee shop and snack bar	6
Beverage manufacturing (breweries, wineries, distilleries)	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

The state breakdown is withheld, so that no group of fewer than 5 loans can 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-67190.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Summit CU or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Summit CU: SBA Lending Record