Truist Bank: SBA Lending Record

Truist Bank: loans and programs

2,508 approved loans, $1.86 billion gross, tie to Truist Bank across FY2017 to FY2026. Truist Bank holds or held these 2,508 loans, as SBA records them. All 2,508 loans at Truist Bank are 7(a); 0 are 504. SBA, not Truist Bank, guarantees these 2,508 loans. The figures for Truist Bank are loan records only. In SBA's file, Truist Bank sits in NC.

Asset classes and states in the Truist Bank book

The tracked classes leave 1,853 of Truist Bank's 2,508 loans uncovered. Of the classes followed, Truist Bank stands thus: Full-service restaurant (167), Limited-service restaurant (94), Medical office (physicians) (73), Child care center (49), Automotive mechanical repair (car and truck) (40), Fitness center (37), Dental office (29), Beauty salon (29), Coffee shop and snack bar (21), Veterinary clinic (15), Liquor store (14). The smallest followed class is Assisted living (without nursing care), at 5. Full-service restaurant borrowers can weigh a project against 167 such loans at Truist Bank. Limited-service restaurant follows with 94 loans at Truist Bank. In Medical office (physicians), Truist Bank shows 73 loans. North Carolina follows with 398 loans in the Truist Bank record. Loans of Truist Bank by state begin with Florida (780), North Carolina (398), Georgia (381), Virginia (284), Maryland (155), Texas (132), South Carolina (86), Pennsylvania (82), Tennessee (58), Kentucky (35), Alabama (31). Last on the state list: Ohio, 9. The lender state is recorded as NC, yet the most loans sit in Florida.

Cancellation and charge-off floors for Truist Bank

The cancellation floor for Truist Bank on FY2017 to FY2024 approvals is 6.7%, while the ceiling for Truist Bank, with undisbursed loans counted as cancelled, repeats 6.7%. The charge-off floor for Truist Bank on FY2017 to FY2021 disbursements is 3.3%, taken over 1,917 loans. The five-year view for Truist Bank, charged off within five years of approval, reads 1.9%. Truist Bank shows floors, not final rates, and so any later write-offs inside the cohort can only push it up.

What a study should test with Truist Bank

Full-service restaurant at Truist Bank starts with a test of demand. Second, a study of Limited-service restaurant should check cost, with 94 such loans on Truist Bank's record. The coverage of debt service comes next, and $1.86 billion across 2,508 loans at Truist Bank never settles it for a borrower. The appraisal closes the list, and 73 loans in Medical office (physicians) at Truist Bank cannot stand in for it. Florida shows 780 loans and North Carolina shows 398 at Truist Bank, a view by state to read with the study. Truist Bank alone decides what it asks for. Nothing implies approval, and Truist Bank sets its own terms.