Summit State Bank: SBA Lending Record

Summit State Bank: loans and programs

250 approved loans, $483.5 million gross, tie to Summit State Bank across FY2017 to FY2026. These 250 loans are ones that SBA shows Summit State Bank holding, now or before. SBA lists Summit State Bank with the lender state CA. Program split at Summit State Bank: 250 for 7(a), 0 for 504. The guarantee on 250 loans of Summit State Bank is SBA's alone. Counts for Summit State Bank describe records only.

Classes and places for Summit State Bank

Summit State Bank has 90 loans, of 250, outside the classes tracked on this site. Among followed classes, Summit State Bank reads as follows: Hotel and motel (52), Gas station and truck stop (23), Car wash (12), Beverage manufacturing (breweries, wineries, distilleries) (12), Full-service restaurant (11), Assisted living (without nursing care) (9), Limited-service restaurant (9), Automotive mechanical repair (car and truck) (7), Fitness center (6), Medical office (physicians) (5). Hotel and motel borrowers can place a project next to 52 such loans at Summit State Bank. Summit State Bank shows 23 loans in Gas station and truck stop, the next class. Car wash comes third at Summit State Bank, with 12 loans. Arizona follows with 19 loans in the Summit State Bank record. The state column for Summit State Bank opens California (195), Arizona (19), Washington (18), Texas (6). Lender state in the file: CA, yet the most loans sit in California.

Cancellation and charge-off floors for Summit State Bank

Of Summit State Bank approvals from FY2017 to FY2024, 10.8% are known cancelled, a floor, and 10.8% is the ceiling once undisbursed loans are read as cancelled. The charge-off floor of Summit State Bank on FY2017 to FY2021 disbursements is withheld because its cohort is short of 30 loans, and that gap is no sign that no loan was charged off. Every rate for Summit State Bank is a floor, so any later losses within the cohort can only raise it.

The Summit State Bank record and a feasibility study

Hotel and motel at Summit State Bank begins with a demand test. After that, a study of Gas station and truck stop must test the cost to build, with 23 such loans on Summit State Bank's record. Debt service coverage follows, and $483.5 million across 250 loans at Summit State Bank does not settle that for a borrower. An appraisal closes the list, and 12 Car wash loans at Summit State Bank leave that task untouched. A borrower in California will see 195 loans in the Summit State Bank record, and one in Arizona, 19. Summit State Bank alone can say what it expects. Nothing guarantees approval, and Summit State Bank sets its own terms.