West Town Bank & Trust Mortgage Rates, Fees & Info

North Riverside, IL

LEI: 5493009ZQ1VZ1HZCL108

Tax ID: 36-1950478

4.1 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

West Town Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. West Town Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Baltimore, Morehead City, Washington, Virginia Beach, and Chicago among others. West Town Bank & Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. West Town Bank & Trust is typically a high fee lendor.


Originations

519

Origination Dollar Volume (All Markets)

$145,685,000

Employee count

94

Awards

West Town Bank & Trust 30 Year Conventional Loans bronze West Town Bank & Trust 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

West Town Bank & Trust's average 30 year fixed rate mortgage of loans were 2.94%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.21%.

Relative Fees

West Town Bank & Trust's average total fees for a 30 year fixed rate mortgage are $6,328.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 186 $49,610,000 $266,720 $6,515 2.94%
Morehead City, NC (FHA|USDA|VA) 54 $13,560,000 $251,111 $4,214 2.93%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 24 $10,230,000 $426,250 $9,110 2.90%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 20 $6,740,000 $337,000 $7,096 2.79%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $3,955,000 $304,231 $6,171 3.32%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $3,560,000 $296,667 $6,455 2.86%
NEW BERN, NC (FHA|USDA|VA) 15 $3,555,000 $237,000 $4,575 2.82%
Outside of Metro Areas 13 $3,245,000 $249,615 $5,354 2.80%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 7 $3,085,000 $440,714 $8,217 2.82%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,980,000 $496,667 $7,296 2.82%
WILMINGTON, NC (FHA|USDA|VA) 14 $2,440,000 $174,286 $3,730 3.29%
Elizabeth City, NC (FHA|USDA|VA) 13 $2,165,000 $166,538 $5,012 2.85%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,060,000 $257,500 $5,460 3.02%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,950,000 $325,000 $7,606 2.71%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $1,735,000 $247,857 $5,464 2.84%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $1,585,000 $317,000 $5,848 2.90%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 6 $1,410,000 $235,000 $4,727 2.77%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,380,000 $690,000 $14,683 2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,350,000 $225,000 $4,402 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,250,000 $312,500 $4,208 3.31%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,250,000 $625,000 $13,995 3.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,933 2.47%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $1,205,000 $241,000 $4,677 3.03%
RICHMOND, VA (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,355 3.25%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,912 3.06%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $1,015,000 $338,333 $14,704 2.96%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $995,000 $331,667 $3,107 2.79%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $925,000 $308,333 $3,133 2.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $885,000 $885,000 $4,893 2.88%
JACKSONVILLE, NC (FHA|USDA|VA) 4 $830,000 $207,500 $4,221 2.97%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $825,000 $275,000 $5,208 3.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $805,000 $268,333 $5,923 2.96%
MOBILE, AL (FHA|USDA|VA) 4 $760,000 $190,000 $4,072 2.72%
Traverse City, MI (FHA|USDA|VA) 2 $730,000 $365,000 $12,694 2.81%
SAVANNAH, GA (FHA|USDA|VA) 2 $700,000 $350,000 $13,228 2.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $680,000 $340,000 $3,216 2.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $660,000 $330,000 $10,437 2.81%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $640,000 $320,000 $3,581 3.13%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $570,000 $285,000 $12,850 2.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $565,000 $188,333 $6,506 2.58%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $535,000 $535,000 $21,500 2.88%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $515,000 $515,000 $10,866 2.63%
Juneau, AK (FHA|USDA|VA) 1 $485,000 $485,000 $11,431 2.75%
Picayune, MS (FHA|USDA|VA) 1 $465,000 $465,000 $19,899 2.88%
GREEN BAY, WI (FHA|USDA|VA) 1 $415,000 $415,000 $15,829 2.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $385,000 $128,333 $3,184 2.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $385,000 $385,000 $5,918 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $365,000 $365,000 $5,250 3.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $345,000 $345,000 $3,049 3.38%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $315,000 $315,000 $3,416 3.38%
St. Marys, GA (FHA|USDA|VA) 1 $315,000 $315,000 $2,244 3.12%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,405 2.63%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $13,109 2.75%
Brainerd, MN (FHA|USDA|VA) 1 $285,000 $285,000 $2,436 2.88%
GOLDSBORO, NC (FHA|USDA|VA) 1 $275,000 $275,000 $8,078 2.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $8,455 2.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,568 2.75%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $255,000 $255,000 $8,926 2.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,922 3.00%
Cedar City, UT (FHA|USDA|VA) 1 $245,000 $245,000 $2,526 2.50%
Cullowhee, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,978 2.75%
Riverton, WY (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.37%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $235,000 $235,000 $11,505 2.88%
BANGOR, ME (FHA|USDA|VA) 1 $235,000 $235,000 $1,318 2.63%
Warren, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,681 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,837 2.25%
Sanford, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,171 3.00%
Brenham, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,043 3.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,906 2.88%
DOVER, DE (FHA|USDA|VA) 1 $195,000 $195,000 $3,834 3.38%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $195,000 $195,000 $4,316 2.25%
HINESVILLE, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,910 2.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,338 2.63%
Washington, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,340 3.13%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $5,224 2.38%
ROANOKE, VA (FHA|USDA|VA) 1 $145,000 $145,000 $2,879 2.75%
North Wilkesboro, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 1.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,621 2.13%

West Town Bank & Trust's top markets include Baltimore, Morehead City, Washington, Virginia Beach, and Chicago among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 341 $87,025,000 $255,205 $4,532 2.98%
VA 125 $44,895,000 $359,160 $9,326 2.72%
FHA 50 $13,240,000 $264,800 $8,953 2.94%
USDA 3 $525,000 $175,000 $5,681 2.83%

For the 2021 period, West Town Bank & Trust's most frequently originated loan type of loans were Conventional, with 341 originations. Their 2nd most popular type is VA, with 125 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 304 $92,190,000 $303,257 $7,260 2.97%
Refi 145 $36,425,000 $251,207 $4,089 2.72%
Cash Out Refi 42 $10,310,000 $245,476 $5,302 3.05%
Home Improvement 28 $6,760,000 $241,429 $5,911 3.15%

For the 2021, West Town Bank & Trust's most frequently cited loan purpose of loans were Home Purchase, with 304 originations. The 2nd most popular reason of loans were Refi, with 145 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 477 $136,265,000 $285,671 $6,328 2.94%
15 Year 29 $6,915,000 $238,448 $4,087 2.39%
20 Year 6 $1,210,000 $201,667 $3,906 2.85%
Other 4 $750,000 $187,500 $4,334 2.75%
3 Year 3 $545,000 $181,667 $0 4.35%

For the 2021, West Town Bank & Trust's most frequently cited loan length of loans were 30 Year, with 477 originations. The 2nd most popular length of loans were 15 Year, with 29 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 285 $73,585,000 $258,193
$<1k 128 $43,670,000 $341,172
$2k-3k 42 $12,650,000 $301,190
$3k-4k 41 $12,045,000 $293,780
$5k+ 2 $550,000 $275,000

$6,328 of loans were West Town Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 285 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 287 $86,205,000 $300,366
3-4% 139 $36,225,000 $260,612
<2.5% 86 $21,940,000 $255,116
4-5% 7 $1,315,000 $187,857

During 2021, West Town Bank & Trust's average interest rate of loans were 2.94%, while their most frequently originated rate bucket of loans were 2.5-3%, with 287 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 282 $79,450,000 $281,738 $6,333 2.92%
$100k-200k 143 $22,135,000 $154,790 $3,934 2.96%
$400k-600k 77 $37,055,000 $481,234 $9,251 2.79%
$100,000 or less 9 $765,000 $85,000 $2,701 3.17%
$600k-1MM 7 $5,075,000 $725,000 $9,532 3.00%
$1MM+ 1 $1,205,000 $1,205,000 $7,349 3.38%

2021 saw West Town Bank & Trust place emphasis on $200k-400k loans with 282 originations, totaling $79,450,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 147 $36,645,000 $249,286 $6,421 2.92%
$50k or less 97 $18,135,000 $186,959 $4,846 2.89%
$100k-150k 91 $32,525,000 $357,418 $7,149 2.88%
$75k-100k 85 $24,295,000 $285,824 $6,733 2.96%
$150k-250k 59 $20,125,000 $341,102 $6,622 3.02%
$250k+ 12 $5,400,000 $450,000 $5,040 3.26%

West Town Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 147 originations. The second most popular income band? $50k or less, with 97 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 75 $20,735,000 $276,467 $6,092 2.90%
20-30% 68 $19,310,000 $283,971 $5,479 2.93%
42% 33 $8,225,000 $249,242 $5,552 2.99%
44% 27 $8,305,000 $307,593 $7,258 2.93%
43% 27 $7,605,000 $281,667 $6,815 2.95%
<20% 26 $6,140,000 $236,154 $4,490 2.87%
41% 26 $8,260,000 $317,692 $5,973 3.04%
45% 26 $6,370,000 $245,000 $6,103 3.00%
39% 24 $6,450,000 $268,750 $6,442 2.81%
40% 24 $5,820,000 $242,500 $5,704 3.00%
49% 20 $5,550,000 $277,500 $5,263 2.97%
50-60% 19 $5,915,000 $311,316 $9,926 2.93%
38% 18 $5,600,000 $311,111 $7,085 2.88%
37% 17 $5,685,000 $334,412 $8,131 3.04%
46% 17 $4,475,000 $263,235 $5,770 2.86%
47% 14 $4,440,000 $317,143 $8,699 2.75%
36% 13 $3,445,000 $265,000 $6,538 2.88%
48% 12 $3,470,000 $289,167 $7,333 3.01%

West Town Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 75 originations. The next most common DTI ratio? 20-30%, with 68 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 323 $93,105,000 $288,251 $5,891 2.91%
Asian 113 $30,645,000 $271,195 $6,505 2.99%
Not provided 53 $14,125,000 $266,509 $6,476 2.73%
Black 25 $6,315,000 $252,600 $6,700 2.99%
American Indian 3 $1,195,000 $398,333 $12,663 2.88%
Not applicable 1 $155,000 $155,000 $0 4.35%
Chinese 1 $145,000 $145,000 $0 4.35%

Approval Rates

Total approvals of all applications
97.30%

West Town Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
87.09%

West Town Bank & Trust has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 519 $145,685,000 $280,703

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
519 $145,685,000 $280,703

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 6 $1,340,000 $223,333 $3,184 2.83%
40-60% 33 $6,555,000 $198,636 $3,695 2.66%
60-80% 157 $39,135,000 $249,268 $4,387 3.02%
80-100% 262 $77,070,000 $294,160 $6,470 2.94%
Over 100% 37 $14,475,000 $391,216 $14,930 2.75%
Under 20% 1 $45,000 $45,000 $1,527 3.25%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
West Town Bank & Trust 7820 West 26th Street North Riverside, IL 60546 Full Service B&M $343,568

For 2021, West Town Bank & Trust had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $15,295
Net interest income $12,723
Total noninterest income $15,232
Gross Fiduciary activities income $0
Service charges on deposit accounts $222
Trading account gains and fees $0
Additional Noninterest Income $15,010
Pre-tax net operating income $3,917
Securities gains (or losses, -) $0
Income before extraordinary items $5,664
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,664
Minority interest net income $-631
Net income $6,295
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,664

West Town Bank & Trust's gross interest income from loans was $15,295,000.
West Town Bank & Trust's net interest income from loans was $12,723,000.
West Town Bank & Trust's fee based income from loans was $222,000.
West Town Bank & Trust's net income from loans was $6,295,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,572
Provision for credit losses $1,947
Total noninterest expense $22,091
Salaries and employee benefits $14,484
Premises and equipment expense $558
Additional noninterest expense $7,049
Applicable income taxes $-1,747
Net charge-offs $1,544
Cash dividends $0

West Town Bank & Trust's interest expense for loans was $2,572,000.
West Town Bank & Trust's payroll and benefits expense were $14,484,000.
West Town Bank & Trust's property, plant and equipment expenses $558,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 2.0%
Real Estate loans 4.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 6.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 0.0%
All other family 1.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $352,800
Deposits held in domestic offices $352,800
Deposits by Individuals, partnerships, and corporations $351,643
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $656
Deposits by Commercial banks and other depository institutions in U.S. $501
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $131,377
Demand deposits $118,957
Nontransaction accounts $221,423
Money market deposit accounts (MMDAs) $48,647
Other savings deposits (excluding MMDAs) $12,554
Total time deposits $160,221
Total time and savings deposits $233,843
Noninterest-bearing deposits $118,957
Interest-bearing deposits $233,843
Retail deposits $284,123
IRAs and Keogh plan accounts $10,517
Brokered deposits $40,519
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $411,380
Cash & Balances due from depository institutions $84,970
Interest-bearing balances $81,656
Total securities $20,671
Federal funds sold & reverse repurchase $0
Net loans and leases $281,958
Loan and leases loss allowance $5,547
Trading account assets $0
Bank premises and fixed assets $4,050
Other real estate owned $0
Goodwill and other intangibles $4,047
All other assets $15,684

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $411,380
Total Liabilities $363,923
Total deposits $352,800
Interest-bearing deposits $233,843
Deposits held in domestic offices $352,800
% insured (estimated) $71
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $6,123

Issued Loan Types

Type Value (in 000's)
Net loans and leases $281,958
Loan and leases loss allowance $5,547
Total loans and leases (domestic) $287,505
All real estate loans $137,855
Real estate loans in domestic offices $137,855
Construction and development loans $20,524
Residential 1-4 family construction $0
Other construction, all land development and other land $20,524
Loans secured by nonfarm nonresidential properties $78,965
Nonfarm nonresidential secured by owner-occupied properties $72,698
Commercial real estate & other non-farm, non-residential $6,267
Multifamily residential real estate $6,847
1-4 family residential loans $30,712
Farmland loans $807
Loans held in foreign offices $0
Farm loans $8,584
Commercial and industrial loans $140,992
To non-U.S. addressees $0
Loans to individuals $74
Credit card loans $0
Related Plans $0
Consumer Auto Loans $56
Other loans to individuals $18
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $566
Non 1-4 family restructured loans & leases $566
Total loans and leases (foreign) $0

West Town Bank & Trust had $281,958,000 of loans outstanding in 2021. $137,855,000 of loans were in real estate loans. $20,524,000 of loans were in development loans. $6,847,000 of loans were in multifamily mortgage loans. $30,712,000 of loans were in 1-4 family mortgage loans. $8,584,000 of loans were in farm loans. $0 of loans were in credit card loans. $56,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 207 $42,822 $206,870
Nonfarm, nonresidential loans - <$100k 98 $1,385 $14,133
Nonfarm, nonresidential loans - $100-250k 44 $7,455 $169,432
Nonfarm, nonresidential loans - $250k-1MM 65 $33,982 $522,800
Commercial & Industrial, US addressed loans - <$1MM 846 $62,449 $73,817
Commercial & Industrial, US addressed loans - <$100k 687 $7,673 $11,169
Commercial & Industrial, US addressed loans - $100-250k 72 $12,172 $169,056
Commercial & Industrial, US addressed loans - $250k-1MM 87 $42,604 $489,701
Farmland loans - <$1MM 5 $807 $161,400
Farmland loans - <$100k 3 $190 $63,333
Farmland loans - $250k-1MM 2 $617 $308,500
Agriculture operations loans - <$1MM 6 $869 $144,833
Agriculture operations loans - <$100k 3 $100 $33,333
Agriculture operations loans - $100-250k 1 $137 $137,000
Agriculture operations loans - $250k-1MM 2 $632 $316,000