Washington Trust Bank: SBA Lending Record

Washington Trust Bank and SBA

Washington Trust Bank holds, in SBA's FY2017 through FY2026 data, 778 loans valued at $359.4 million in gross approvals, all under 7(a), none under 504. SBA files it under WA. The page sets out what SBA's public file says of loans this bank has now or had last. Behind each stands SBA's guarantee. Where such a loan has been reassigned, SBA shows the later holder. The page does not interpret how the bank underwrites.

Three states, one coast

Washington dominates with 505 loans, Idaho follows with 189 and Oregon has 77. Class detail is missing for 587 of the 778, and among the rest the full-service restaurant leads with 37 loans, then the fitness center with 21, coffee shops and snack bars with 19, and beverage manufacturing and the limited-service restaurant at 18 each.

Cancelled approvals and losses

Washington Trust Bank: 11.7% of the approvals made FY2017 to FY2024 cancelled at least; the ceiling, 11.7%, counts undisbursed loans and does not move. 320 loans funded in FY2017 through FY2021 show 1.9% as a charge-off floor. We hold back the charge-off rate at five years under a rule of our own, since the loans behind it fall short; and the blank is not a zero. Both rates cover 320 loans that may yet fail.

A study for the leading classes

Full-service restaurants lead at 37 loans, so a study of one calls for sales per seat, table turns at peak hours and occupancy cost against sales. A fitness center, at 21 loans, turns on the depth of membership, how often members leave and what the fit-out costs for each square foot. A coffee shop lives on morning traffic and its first months. A beverage project, with 18 loans, needs production capacity, distribution reach and taproom sales, and an honest view of what a specialised building would fetch. The 587 unclassified loans leave a borrower with another property type no record to cite as precedent. A project in Washington is nearest to it. Show how debt service is covered in a slower year, together with an appraised value that holds up.

Holdings, with limits

This record is 778 loans and $359.4 million held by Washington Trust Bank. A cancellation figure of 11.7% and a charge-off floor of 1.9% are the available outcome measures, and the five-year rate is suppressed. The 505 loans in Washington and 189 in Idaho show where the holdings sit. A borrower in either state is near the file, and a borrower elsewhere should explain why the file matters, then let the study stand on its own evidence.