TowneBank: SBA Lending Record

Reading the TowneBank record

TowneBank holds 1,413 loans listed in SBA's data for the FY2017 to FY2026 window, with $1.23 billion in gross dollars approved. The program is SBA 7(a) alone; SBA 504 has no loans here. SBA files the holder under VA. SBA reports 1,413 loans that TowneBank holds or held, drawn from the public data, and SBA backs them. A loan is credited to whichever institution the loan sits with now, or sat with last.

Taprooms among the named classes

Beyond the 862 loans with no named class, the full-service restaurant has 97 loans, the limited-service restaurant 85, beverage manufacturing (breweries, wineries, distilleries) 81, coffee shops and snack bars 55 and fitness centers 48. The state list starts in North Carolina with 305 loans, then Florida at 206, Virginia at 139, Texas at 126, California at 73 and South Carolina at 49.

What happened after approval

Cancelled, FY2017 to FY2024 approvals: 15.5% at least, and 15.5% again when undisbursed loans count as cancelled. Among 376 loans disbursed in FY2017 through FY2021, 3.5% (a floor) are charged off at present. For TowneBank the rate charged off within five years is left out by Loan Analytics' own rule, where too few loans lie behind it; so nothing here says zero. Open loans at TowneBank may yet fail.

Beverage manufacturing in a study

Beverage manufacturing accounts for 81 of the loans, and any study of a brewery, winery or distillery should examine how much the plant can make, where it sells and what the tasting room adds and equipment cost, together with licensing and what a specialised building would fetch if sold. A restaurant case starts with sales per seat, labour and the rent the site can bear. Coffee shops hinge on morning traffic and the opening ramp. A project in North Carolina or Florida sits where the file is deepest. In each case show cash flow against debt payments in good times and lean ones, and a value an appraiser can defend.

Floors and the unclassified share

Of the 1,413 loans, 862 carry no class, which leaves the named classes describing a minority. The 15.5% cancellation figure is the same as floor and ceiling, which means the data show no gap between cancelled and undisbursed loans for that cohort. The 3.5% charge-off floor rests on 376 loans. Both are minimums, and a reader should use them to set the schedule and the downside case in the study, not as odds for a new loan.