Happen Bank approved 251 SBA loans worth $322.3M between October 2021 and June 2026, ranking #171 of 2,283 SBA lenders nationally by loan count. Its median loan was $890,000, and 61% went to startups or businesses under two years old. It lent in 39 states, most often in Florida, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Florida | 36 | $50.9M | $903,000 | #81 |
| Texas | 36 | $33.7M | $661,950 | #99 |
| California | 25 | $28.3M | $774,000 | #120 |
| Illinois | 19 | $29.4M | $1,029,800 | #73 |
| New Jersey | 15 | $14.4M | $609,000 | #67 |
| New York | 11 | $22.9M | $1,404,000 | #107 |
| North Carolina | 10 | $12.9M | $542,000 | #79 |
| Washington | 8 | $14.8M | $1,197,000 | #86 |
| Colorado | 7 | $10.5M | $620,000 | #108 |
| Oregon | 7 | $7.8M | $407,500 | #63 |
| Kansas | 6 | $10.6M | $2,067,000 | #67 |
| Nebraska | 6 | $3.6M | $630,500 | #41 |
| Michigan | 6 | $5.7M | $905,500 | #108 |
| Massachusetts | 6 | $6.7M | $1,102,250 | #102 |
| Georgia | 5 | $9.2M | $1,721,200 | #154 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 61 | $752,000 | |
| Other services (repair, personal care) | 44 | $992,000 | |
| Arts, entertainment and recreation | 26 | $525,500 | |
| Health care and social assistance | 23 | $943,000 | |
| Retail | 20 | $697,500 | |
| Manufacturing | 13 | $1,075,000 | |
| Administrative and support services | 11 | $740,500 | |
| Wholesale trade | 10 | $1,162,500 | |
| Construction | 9 | $932,900 | |
| Transportation and warehousing | 9 | $903,000 |