Feasibility Study Data for the Cedar City, UT Micro Area

Cedar City, UT: scale and ticket size, 289 loans

Cedar City, UT holds rank 247 of 928 by loans, with 289 approvals for FY2017 to FY2026 and $124.8 million gross. The median loan is $200,000, which is 0.96x the national median. The middle half of Cedar City approvals runs from $63,100 up to $500,000. A request far outside that band will draw questions from a reviewer, and the study should answer them early.

SBA 7(a) accounts for 238 loans in Cedar City, against 51 under SBA 504, and 6.6% of the loans went to franchised businesses. The named classes with the most loans are automotive mechanical repair with 9, self storage with 7 and limited-service restaurant with 7. The total of 289 also contains 234 loans that no named class captures, so class figures describe a small part of the record. Only Iron County, UT appears as a project county, holding all 289 loans.

Cedar City lenders: the field in Cedar City, UT

The lender names below come from SBA's files, which names the lender now holding, or once holding, each Cedar City loan. They show where loans sit today and claim nothing about lending requirements. SBA 7(a) holders at the top are State Bank of Southern Utah with 111 loans worth $24.4 million, Zions Bancorporation, National Association with 28 loans worth $5.8 million and Mountain America FCU with 27 loans worth $7.2 million. Among SBA 504 holders, Mountain West Small Business Finance leads with 36 loans worth $33.7 million. One 7(a) holder carries far more loans than the others, but a Cedar City borrower may still approach any lender.

Among FY2017 to FY2024 approvals, the cancellation rate after approval is 6.4%, a floor. No ceiling figure for Cedar City prints, so there is no count that adds undisbursed loans to the cancelled ones. No charge-off rate prints for the FY2017 to FY2021 disbursed group either, because Loan Analytics' own presentation rule keeps back every rate drawn from under 30 loans; a reader should never take that blank for zero. FY2021, at 36 loans, tops the printed yearly counts. A loan joins Cedar City through the project county by the July 2023 boundaries, which means a loan whose county is blank is dropped from all areas. The 289 loans include those in no named class.

Cedar City: the tests a study cannot skip in Cedar City, UT

Demand is the opening test. Weigh the people near one site, not the micropolitan area average, and let revenue survive a slow ramp. Project cost follows. A $200,000 median loan is a rough guide, while each line of the budget belongs on a quote, with contingency kept apart. Serviceability is the heart of the study: state the ratio under a base case and again with lower sales, naming the cushion left. Appraisers challenge weak assumptions, so any occupancy claim ought to trace to evidence. The base is thin, with 289 loans in a micropolitan area, so a large project may need comparables from elsewhere, and at 0.96x of the national median a very large request may stand out to a reviewer, so the study should justify its scale against $200,000.