Happen Bank: SBA Lending Profile
Happen Bank is an FDIC-insured bank, headquartered in Lehi, UT. It is a national lender, with SBA loans on record in 41 states and territories. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes Happen Bank actually approves
The median SBA approval at Happen Bank is $873,500. The middle 80% of its loans fall between $375,590 and $3,536,000. The smallest approval on record since 2020 is $33,000 and the largest is $5,000,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 7(a) | 65 | $874K | 7.12% | 10.5 years |
| 504 first mortgage (third party) | 25 | $940K | n/a | 20 years |
Industries it funds most
| Industry | Loans since 2020 | Share |
|---|---|---|
| Limited-Service Restaurants | 36 | 10.9% |
| Full-Service Restaurants | 27 | 8.2% |
| Fitness and Recreational Sports Centers | 19 | 5.8% |
| All Other Personal Services | 18 | 5.5% |
| Other Personal Care Services | 17 | 5.2% |
| Child Day Care Services | 12 | 3.6% |
| Sports and Recreation Instruction | 9 | 2.7% |
| Snack and Nonalcoholic Beverage Bars | 9 | 2.7% |
| Pet Care (except Veterinary) Services | 8 | 2.4% |
| Pet and Pet Supplies Stores | 6 | 1.8% |
| Janitorial Services | 6 | 1.8% |
| Drinking Places (Alcoholic Beverages) | 5 | 1.5% |
Borrower profile
- 57% of its recent SBA loans went to startups or businesses under two years old, which is high, most SBA lenders skew heavily toward established companies.
- Collateral was taken on 87.6% of its recent SBA loans.
- 8.2% of its loans carry fixed rates; the rest are variable.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by Happen Bank.