Feasibility Study Data for the Boise City, ID Metro Area

Loss floors and one dominant 504 lender

Boise City ranks 43 of 928 by loan count, with 2,975 approvals and $1.40 billion approved across FY2017 to FY2026. Its median loan of $185,000 sits at 0.89x the national figure, while the central half of its loans begins at $50,000 and tops out at $509,500. Franchise brands account for 12.2% of loans. Of the total, 2,470 are 7(a) and 505 are 504, and the 504 side is concentrated in a single institution: Capital Matrix, Inc. holds 405 of those 504 loans, worth $276.5 million.

The tracked asset classes account for a minority of the book, since 2,232 loans fall outside them. Full-service restaurant leads with 95, followed by limited-service restaurant at 75, fitness center at 70, dental office at 59 and child care center at 58. Rehabilitation and therapy clinic reaches 28, hotel and motel 19 and self storage 13. Ada County, ID carries 2,201 loans and Canyon County, ID 674, while Gem County, ID shows 52, Boise County, ID 31 and Owyhee County, ID 17. Anyone proposing a project outside Ada or Canyon is working with a thin local record.

Lenders that hold the loans

SBA lists the institution that holds, or held, each loan, so a lender's name here marks where loans sit and carries no judgment about its practices. In the 7(a) table Zions Bancorporation, National Association has 291 loans worth $68.6 million, Idaho Central CU has 268 worth $151.1 million, U.S. Bank, National Association has 204, Glacier Bank 134 and D. L. Evans Bank 132. Idaho Central CU's dollars per loan are well above the others, which suggests larger individual requests. After Capital Matrix, the 504 list drops to Region IV Development Corporation at 44 loans and Panhandle Area Council, Inc. at 23.

Boise's floors are stated here as minimums. Cancellation after approval reached at least 9.0% of approvals through FY2024, or 9.8% when loans never disbursed are counted. Among the 1,252 loans funded from FY2017 to FY2021 approvals, charge-offs have reached 2.5% and 1.4% within five years. Both are minimums, because open loans can still default, and the Boise record should be read with that in mind. Yearly volume fell to 239 loans in FY2020 and rose to 403 loans and $186.3 million in FY2025.

Questions a Boise study must answer

A study for a Boise-area project has to show demand in the specific county, because most of the record sits in Ada and Canyon, and it has to test whether the project's cost fits the mid-sized loans typical here. Coverage must hold at these loss floors, and the appraisal has to carry the value assumed. Loans from counties not placed in the 2023 delineation are left out of this page. This reading is meant for lenders and borrowers, and no figure on it amounts to a promise of approval.