Feasibility Study Data for the Astoria, OR Micro Area

Astoria is a micropolitan area, Clatsop County in the data, with 240 SBA approvals for FY2017 to FY2026 and $108.2 million gross, rank 280 of 928; 221 are 7(a) and 19 are 504. Astoria has a median loan of $75,750. Astoria stands at 0.36x the national figure; in Astoria, half of loans run $25,000 to $409,425. Median loan size is the figure on which Astoria departs from the national picture. Brands hold 6.3% of the count.

Cancellation floor and ceiling coincide

Astoria's cancellation floor and ceiling are the same figure, 15.0%, a high floor, which means nearly no cancelled loans were left undisbursed. A study here should read the figure as a warning about approvals that fall through, and should test whether the borrower's financing, permits and closing timeline are secure before the loan is sized.

Across asset types, full-service restaurant leads with 18 loans, hotel and motel has 14, limited-service restaurant 10, then coffee shop and snack bar at 7 and gas station and truck stop at 5; 161 loans sit outside them. Count was 35 loans and $22.3 million in FY2017, the peak, and 14 loans and $4.2 million at the FY2023 low, ending at 34 loans and $15.3 million in FY2026. Columbia Bank (OR) holds 84 loans and $8.8 million under 7(a), Marion & Polk Schools CU 40 loans and $12.7 million and U.S. Bank, National Association 38 loans and $8.2 million. Evergreen Business Capital holds 11 loans and $5.9 million on 504. Astoria lists rest on SBA's holder records. Astoria names hold or held these loans. Astoria counts are volume, and Astoria counts promise no lender requirement.

Astoria floors and the study

Astoria: cancelled after approval at least 15.0% of Astoria's approvals. The Astoria window is FY2017 to FY2024. Astoria counts undisbursed loans for 15.0%. Astoria charge-offs are withheld. The Astoria cohort is too thin; Astoria is not a zero. Open Astoria loans may raise every Astoria floor. The July 2023 delineation shapes Astoria. Astoria reads each project's county by name. Astoria loses a loan with no placeable county. Astoria counts every approval, named or not. Astoria work should test demand for hotels, ticket size and rent for coffee shops and fuel margin for gas stations, running debt service on a quiet year. Daniel Smith, MAI, names each Astoria study. Astoria studies are prepared by Loan Analytics.