Feasibility Study Data for the Aberdeen, WA Micro Area

Aberdeen, WA in the national count, 127 loans

SBA files rank Aberdeen 415 of 928 metro and micro areas by loans: 127 approvals in FY2017 to FY2026, worth $138.3 million gross. The median loan is $536,000, which is 2.58x the national median, so Aberdeen is a larger-ticket market than the national figure suggests. The middle half of Aberdeen loans runs from $190,000 to $1.5 million, a wide band, and any Aberdeen borrower should weigh a request against the $536,000 median rather than against a smaller local norm.

Classes, franchises and the county

The split between SBA 7(a) and SBA 504 is not shown for Aberdeen, so this page gives no program counts. As SBA flags them, 18.1% of Aberdeen loans are franchise loans. Asset by asset, hotel and motel loans number 26, gas station and truck stop loans 19 and grocery store loans 9, followed by full-service restaurants at 8 and limited-service restaurants at 7. A further 47 loans sit in no named class, so the class lines never sum to 127. All of the loans trace to Grays Harbor County, WA, with 127 approvals, so Aberdeen is a one-county market.

Aberdeen, WA lender names, as SBA lists them

Each lender named below holds the loans listed today according to SBA, which says nothing about who first approved them. The SBA 7(a) table opens with Open Bank, which holds 13 loans worth $30.4 million. Banner Bank holds 12 loans worth $4.2 million, U.S. Bank, National Association holds 9 loans worth $1.3 million, KeyBank National Association holds 8 loans worth $5.2 million, and Commonwealth Business Bank holds 7 loans worth $7.5 million. No SBA 504 lender names are listed for Aberdeen. A borrower may still approach any lender, and the table is a record of holdings only.

Cancellations, losses and the yearly record

Of Aberdeen approvals from FY2017 to FY2024, at least 7.4% were cancelled after approval. The higher figure that counts undisbursed loans as cancelled is not printed here, and nothing has been guessed in its place. No charge-off rate is printed for loans paid out in FY2017 to FY2021, because the group is under 30 loans, and printing no rate at that size is Loan Analytics' own presentation rule, not SBA's. The gap is not zero and not estimated. The busiest year was FY2026, a complete fiscal year, with 21 loans and $19.3 million; FY2018 followed with 19 loans and $24.2 million, and FY2024 also had 19 loans. Loans are assigned to Aberdeen by county name using the July 2023 area definitions, which leaves any loan with an unmatched county outside every area. The total of 127 also counts the 47 loans outside the named classes.

Aberdeen, WA: questions a study has to answer

Demand is the opening test. A study should test the pull of the proposed site itself, and let a weak first year pass through the model. The budget is next. Borrowers see a $536,000 median, and each budget line should cite a source and include a reserve for slow months. Coverage of the loan payment follows: report coverage on the proposed loan next to a case with softer income, with interest and term stated. Appraisers challenge weak assumptions, so every income assumption must explain any gap between the site and its comparables. The record offers a thin base of 127 loans, and a study should disclose any benchmark it borrows from elsewhere. With the median at 2.58x the national level, a smaller project may look unusual here, and the study should explain its sizing against $536,000.