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The Lender Report built this page from public records. Happen Bank, National Association has not reviewed it. Every lender's page starts this way, and it says nothing about Happen Bank, National Association itself. Each figure shows its source and date. Work at Happen Bank, National Association? You can claim this page for free.
SBA 504 record
Happen Bank, National Association: SBA 504 first liens made
Happen Bank, National Association, a bank based in Lehi, UT, made 26 SBA 504 first liens in the 36 months ending September 30, 2026, $74.2M in all, net of cancelled approvals. The typical first lien was about $2.7M, and 13 were in the last 12 months. Most were in California.
- Evidence
- SBA 504 loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- First liens, 36 months
- 26
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $74.2M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $2.7M
- SBA FOIA,
- Largest loan
- $9.7M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 13
- SBA FOIA,
Cite this
Source: The Lender Report, Happen Bank, National Association: SBA 504 first liens made, https://lender.report/lender/happen-bank-ut/sba-504/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jun 2026 | Oregon | SBA 504, Manufacturing | $2.8M | 25 yr | SBA FOIA | ||
| Feb 2026 | New Jersey | SBA 504, Hotels (except Casino Hotels) and Motels | $5.3M | 25 yr | SBA FOIA | ||
| Dec 2025 | New York | SBA 504, Wholesale Trade | $3.1M | 25 yr | SBA FOIA | ||
| Nov 2025 | Washington | SBA 504, Arts, Entertainment, and Recreation | $2.5M | 25 yr | SBA FOIA | ||
| Nov 2025 | Arizona | SBA 504, Arts, Entertainment, and Recreation | $1.4M | 25 yr | SBA FOIA | ||
| Sep 2025 | New York | SBA 504, Hotels (except Casino Hotels) and Motels | $5M | 25 yr | SBA FOIA | ||
| Sep 2025 | North Carolina | SBA 504, Hotels (except Casino Hotels) and Motels | $2.7M | 25 yr | SBA FOIA | ||
| Sep 2025 | Maryland | SBA 504, Wholesale Trade | $1.8M | 25 yr | SBA FOIA | ||
| Aug 2025 | Georgia | SBA 504, Beer, Wine, and Liquor Retailers | $4.1M | 25 yr | SBA FOIA | ||
| Jul 2025 | Tennessee | SBA 504, Hotels (except Casino Hotels) and Motels | $1.3M | 25 yr | SBA FOIA | ||
| Jun 2025 | Ohio | SBA 504, Hotels (except Casino Hotels) and Motels | $1.4M | 25 yr | SBA FOIA | ||
| Apr 2025 | California | SBA 504, Other Miscellaneous Durable Goods Merchant Wholesalers | $6.1M | 25 yr | SBA FOIA | ||
| Apr 2025 | California | SBA 504, Tile and Terrazzo Contractors | $530K | 25 yr | SBA FOIA | ||
| Mar 2025 | Pennsylvania | SBA 504, Hotels (except Casino Hotels) and Motels | $3.2M | 25 yr | SBA FOIA | ||
| Mar 2025 | Virginia | SBA 504, Hotels (except Casino Hotels) and Motels | $2.7M | 25 yr | SBA FOIA | ||
| Jan 2025 | California | SBA 504, Meat Processed from Carcasses | $9.7M | 25 yr | SBA FOIA | ||
| Oct 2024 | Michigan | SBA 504, Offices of Mental Health Practitioners (except Physicians) | $1.4M | 25 yr | SBA FOIA | ||
| Sep 2024 | New Jersey | SBA 504, Retail Trade | $1.7M | 25 yr | SBA FOIA | ||
| Aug 2024 | Washington | SBA 504, Manufacturing | $1.4M | 25 yr | SBA FOIA | ||
| May 2024 | California | SBA 504, Wholesale Trade | $1.7M | 25 yr | SBA FOIA | ||
| Apr 2024 | North Carolina | SBA 504, Hotels (except Casino Hotels) and Motels | $2.7M | 25 yr | SBA FOIA | ||
| Feb 2024 | New Jersey | SBA 504, Professional, Scientific, and Technical Services | $400K | 25 yr | SBA FOIA | ||
| Jan 2024 | Washington | SBA 504, Hotels (except Casino Hotels) and Motels | $3.9M | 25 yr | SBA FOIA | ||
| Dec 2023 | Texas | SBA 504, Full-Service Restaurants | $510K | 25 yr | SBA FOIA | ||
| Nov 2023 | Georgia | SBA 504, Hotels (except Casino Hotels) and Motels | $4.3M | 25 yr | SBA FOIA | ||
| 26 SBA 504 first liens since October 2023, net of cancelled | $74.2M | SBA FOIA | |||||
A blank means the source did not report it.
| State | First liens | Dollars |
|---|---|---|
| California | 4 | $18.0M |
| New Jersey | 3 | $7.40M |
| Washington | 3 | $7.80M |
| Georgia | 2 | $8.40M |
| New York | 2 | $8.10M |
| North Carolina | 2 | $5.40M |
| Arizona | 1 | $1.40M |
| Florida | 1 | $2.60M |
| Maryland | 1 | $1.80M |
| Michigan | 1 | $1.40M |
| Ohio | 1 | $1.40M |
| Oregon | 1 | $2.80M |
SBA loans are on record by state only.
| Loan size | First liens | Dollars |
|---|---|---|
| Under $150K | 0 | $0 |
| $150K to $350K | 0 | $0 |
| $350K to $1M | 3 | $1.44M |
| $1M to $2.5M | 8 | $12.1M |
| $2.5M or more | 15 | $60.7M |
| Quarter | First liens | Dollars |
|---|---|---|
| 2023 Q4 | 3 | $7.41M |
| 2024 Q1 | 2 | $4.30M |
| 2024 Q2 | 2 | $4.40M |
| 2024 Q3 | 2 | $3.10M |
| 2024 Q4 | 1 | $1.40M |
| 2025 Q1 | 3 | $15.6M |
| 2025 Q2 | 3 | $8.03M |
| 2025 Q3 | 5 | $14.9M |
| 2025 Q4 | 3 | $7.00M |
| 2026 Q1 | 1 | $5.30M |
| 2026 Q2 | 1 | $2.80M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | First liens |
|---|---|
| Hotels (except Casino Hotels) and Motels (721110) | 10 |
| Wholesale Trade | 3 |
| Arts, Entertainment, and Recreation | 2 |
| Full-Service Restaurants (722511) | 2 |
| Beer, Wine, and Liquor Retailers (445320) | 1 |
| Manufacturing | 1 |
| Manufacturing | 1 |
| Meat Processed from Carcasses (311612) | 1 |
| Offices of Mental Health Practitioners (except Physicians) (621330) | 1 |
| Other Miscellaneous Durable Goods Merchant Wholesalers (423990) | 1 |
| Professional, Scientific, and Technical Services | 1 |
| Retail Trade | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Accredited Lenders Program | 13 |
| 504 Refinancing Program | 7 |
| 504 Basic | 4 |
| ALP Express | 2 |
| Certified Development Company | Projects |
|---|---|
| The Mortgage Capital Development Corporation | 4 |
| Empire State Certified Development Corporation | 3 |
| Trenton Business Assistance Corporation | 3 |
| Business Finance Group, Inc. | 2 |
| Evergreen Business Capital | 2 |
| Florida Business Development Corporation | 2 |
| Brightbridge, Inc. | 1 |
| Business Expansion Funding Corporation | 1 |
| Business Finance Capital | 1 |
| Carolina Business Capital, Inc. | 1 |
- Happen Bank, National Association made 26 SBA 504 first liens totaling $74.2M in the 36 months ending September 30, 2026, net of cancelled approvals, in 16 states. SBA FOIA,
- The SBA file shows 13 approvals naming Happen Bank, National Association as first-lien lender dated in the 12 months to September 30, 2026, and 22 in the 12 months before. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical first lien was about $2.7M, with the middle half between $1.4M and $3.9M. SBA FOIA,
- The largest was about $9.7M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 0 loans were under $150K, and 23 were $1M or more. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Its loans went most often to Hotels (except Casino Hotels) and Motels, with 10. SBA FOIA,
- The SBA file lists 13 of its loans as processed under Accredited Lenders Program. SBA FOIA,
- It worked with 16 Certified Development Companies, most often The Mortgage Capital Development Corporation. SBA FOIA,
- Its loans were most often in California (4), New Jersey (3) and Washington (3). SBA FOIA,
What we don't know
- Whether Happen Bank, National Association is taking new SBA 504 loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
SBA 504 figures count the first-lien lender on each SBA approval. Dollars are first-lien amounts.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.