The Bank of Princeton: SBA Lending Record

The Bank of Princeton: loans and programs

The Bank of Princeton has 326 approved loans in SBA's files, $266.0 million gross, FY2017 to FY2026. Program split at The Bank of Princeton: 326 for 7(a), 0 for 504. The Bank of Princeton holds or held these 326 loans, as SBA records them. SBA, not The Bank of Princeton, guarantees these 326 loans. Counts for The Bank of Princeton describe records only. In SBA's file, The Bank of Princeton sits in NJ.

Where the loans of The Bank of Princeton sit

The tracked classes leave 182 of The Bank of Princeton's 326 loans out of view. Across tracked classes, The Bank of Princeton stands thus: Limited-service restaurant (35), Full-service restaurant (30), Liquor store (30), Hotel and motel (25), Grocery store (9). A buyer planning Limited-service restaurant can look at 35 loans on the record of The Bank of Princeton. The Bank of Princeton shows 30 loans in Full-service restaurant, the next class. In Liquor store, The Bank of Princeton shows 30 loans. New Jersey follows with 105 loans in the record of The Bank of Princeton. The state column for The Bank of Princeton opens New York (147), New Jersey (105), Pennsylvania (69). NJ is the lender state; New York carries the most loans, 147.

The Bank of Princeton: cancellations and losses

Of The Bank of Princeton approvals from FY2017 to FY2024, 12.6% are known cancelled, a floor, and 12.6% is the ceiling when undisbursed loans are read as cancelled. Every rate for The Bank of Princeton is a floor, and so further losses in the group would raise it. Of The Bank of Princeton loans disbursed in FY2017 to FY2021, 5.4% are charged off to date, a floor, across 277 loans. The five-year view for The Bank of Princeton, measured from approval, reads 2.2%.

What a study should test with The Bank of Princeton

Limited-service restaurant at The Bank of Princeton leads off with a check on demand. After that, a study of Full-service restaurant must test development cost, with 30 such loans on The Bank of Princeton's record. Debt service coverage follows, and $266.0 million across 326 loans at The Bank of Princeton does not settle it for a borrower. At the end follows the appraisal, which no count of 30 Liquor store loans at The Bank of Princeton can displace. An applicant in New York can compare with 147 loans in the record of The Bank of Princeton, and one in New Jersey, 105. The Bank of Princeton alone knows what it expects. Nothing implies approval, and The Bank of Princeton sets its own terms.