Feasibility Study Data for the Abilene, TX Metro Area

What SBA's files say about Abilene

For Abilene, SBA's files hold 276 approved loans from FY2017 to FY2026, worth $201.7 million of gross dollars. Abilene sits across the whole list of areas, by loans, number 261 of 928. The central half of Abilene approvals falls between $131,600 and $789,600, and a middle figure of $350,000; which sets the median at 1.68x the nationwide median. In Abilene, SBA 7(a) holds 238 loans, and 38 by way of SBA 504. In the same files, franchises make up 20.3% of approvals.

Abilene: who and where

Further, of the asset classes we break out for Abilene, hotel and motel heads the list with 16 loans, then limited-service restaurant (15) and full-service restaurant with 13. Another 170 loans in Abilene sit outside every class. On the map, Taylor County, TX holds 238 loans, followed by Callahan County, TX (25) and Jones County, TX (13).

Abilene: holders of record

Holders named for Abilene are found in SBA's public Abilene records of the 276 loans in Abilene, whoever holds or held them; those records log each position but imply no view of lender practice. Separately, in the 7(a) program near Taylor County, TX, the biggest holders are First National Bank and Trust Company of Weatherford d/b/a First Bank Texas ($24.5 million across 61 loans), ahead of First Financial Bank (TX) at 38 loans and $16.3 million. Among 504 loans in Abilene, the holders include Capital Certified Development Corporation (33 loans, $31.8 million). An applicant in Abilene can ask the Abilene lender First National Bank and Trust Company of Weatherford d/b/a First Bank Texas and any other Abilene holder near Taylor County, TX what documentation it wants, then write the Abilene study to meet it.

Abilene: cancellations and charge-offs

Looking at Abilene approvals from FY2017 to FY2024, not below 12.4% ended in cancellation after approval in Abilene, a floor; the true Abilene rate is no lower. Notably, of disbursed Abilene loans approved in FY2017 to FY2021, 4.2% have been charged off to date, also a floor; 4.2% were written off within five years, within a cohort of 143 loans. In the yearly line, Abilene peaked in FY2020 at 43 loans and $26.6 million, and bottomed out in FY2023 at 19 loans and $16.4 million.

Abilene: the tests ahead

In Abilene, demand comes first: who works in Taylor County, TX, who shops in Callahan County, TX, how that compares with the wider Abilene area, and how much room 16 hotel and motel loans leave. Budget: $350,000 is the Abilene median and $131,600 to $789,600 the middle half, so a Taylor County, TX site should cost itself against that $350,000 midpoint. Debt service: Abilene coverage outlasts a weak year against the 12.4% cancellation rate and the 4.2% charge-off rate. The Taylor County, TX appraisal has to support the figure financed. Abilene uses the 2023 July definition; a file whose county fails to match is missing from each area, Abilene as well, while the totals count loans not in the classes named.