Question · Q3 2025
Anira, on behalf of Feddie Strickland from Hovde Group, asked about the potential to further scale Bankwell's SBA business and how the current government shutdown might affect this ramp-up.
Answer
Chris Gruseke (CEO) explained that the impact of the government shutdown on the SBA business depends on its duration, as Bankwell, a preferred lender, can underwrite but not secure guarantees or sell guaranteed portions during the freeze. He noted that the SBA division has operating leverage to scale beyond the $50 million production goal, which was nearly met in the first three quarters. Matt McNeill (President and Chief Banking Officer) emphasized the need for the government to be open to facilitate further scaling.