Small business loans
- F6 Low · Performance
Small business loans: 26.1% charged off against 17.2% for the book.
Against the book
| Measure | Segment | Book |
|---|---|---|
| Loans | 10,322 | 886,837 |
| Share of balance | 1.2% | 100.0% |
| Charge-off rate by count | 26.1%±1.3 | 17.2% |
| Charge-off rate by balance | 28.0% | 18.1% |
| WA score | 708.1 | 697 |
| WA rate | 16.8% | 13.6% |
| WA DTI | 13.66 | 18.34 |
| Income verified | 88.9% | 70.8% |
At equal age
Cumulative charge-off rate by months on book, segment against book.
Holds at equal age: at month 36 the segment is 8.7 points above the book.
By origination year
2008 cohort
2009 cohort
2010 cohort
2011 cohort
2012 cohort
2013 cohort
2014 cohort
2015 cohort
Where the mix differs
-
Debt-to-income <10: 37.8% against 16.4% of balance
-
Income verification Verified: 53.8% against 38.2% of balance
-
Income verification Not Verified: 8.1% against 21.9% of balance
-
Grade B: 13.0% against 26.5% of balance
-
Grade E: 19.7% against 9.7% of balance
Segment Book
Mix or rate
-
Mix (the segment holds riskier grades): 6.1 points
-
Rate (worse within the same grade): 2.8 points
Of the 8.9 point gap, 6.1 points are mix and 2.8 points are rate.
Narrative
Generated from the numbers above by a language model.
Small business loans charge off at 26.1% against 17.2% for the portfolio. Average credit score is 704.0 against 694.9 and average DTI 14.0% against 18.1%.
Loans
Sample of 25, stratified by status.
Download is available on uploaded portfolios.
| Loan id | Grade | Rate | Status | Months on book | Original balance |
|---|---|---|---|---|---|
| 63484158 | D | 17.9% | Charged off | 39 | $26.5k |
| 65364566 | E | 20.0% | Charged off | 39 | $22.6k |
| 65656662 | C | 13.2% | Charged off | 39 | $10.0k |
| 65662940 | C | 13.2% | Charged off | 39 | $16.0k |
| 65705881 | F | 22.0% | Charged off | 39 | $20.6k |
| 65707744 | E | 18.5% | Charged off | 39 | $7.7k |
| 65482725 | C | 14.3% | Current | 39 | $24.0k |
| 65271550 | D | 15.4% | Late | 39 | $16.0k |
| 64027190 | E | 19.0% | Paid | 39 | $26.0k |
| 64109315 | C | 13.7% | Paid | 39 | $35.0k |
| 64721338 | C | 12.1% | Paid | 39 | $16.0k |
| 64832518 | E | 18.2% | Paid | 39 | $21.9k |
| 64977966 | C | 13.2% | Paid | 39 | $3.0k |
| 65019728 | D | 15.4% | Paid | 39 | $15.0k |
| 65109363 | C | 12.6% | Paid | 39 | $32.0k |
| 65118456 | D | 17.0% | Paid | 39 | $20.0k |
| 65129219 | C | 13.7% | Paid | 39 | $5.0k |
| 65179991 | D | 17.6% | Paid | 39 | $1.8k |
| 65455086 | B | 11.5% | Paid | 39 | $14.6k |
| 65606943 | C | 13.7% | Paid | 39 | $7.2k |
| 65616587 | C | 13.2% | Paid | 39 | $25.0k |
| 65631967 | D | 15.4% | Paid | 39 | $20.0k |
| 65633122 | C | 13.2% | Paid | 39 | $5.0k |
| 65661592 | C | 13.7% | Paid | 39 | $2.0k |
| 65684701 | F | 23.0% | Paid | 39 | $24.0k |