Feasibility Study Data for the Centralia, WA Micro Area

What SBA's files say about Centralia

From FY2017 to FY2026, SBA approved 145 loans for projects in Centralia, totalling $86.4 million in gross dollars. Centralia sits across every metro and micro area, on approval count, in position 380 of 928. The central half of Centralia approvals runs from $90,000 to $725,100, beside a midpoint of $300,000; that puts the median at 1.44x the nationwide median. Around Lewis County, WA, SBA 7(a) carries 127 loans, and 18 by way of SBA 504. Also, franchise brands account for 11.0% of approvals.

Centralia: classes and counties

Beyond that, of the listed classes we name for Centralia, gas station and truck stop comes first with 12 loans, and then full-service restaurant, 10 loans and hotel and motel (6). Also 86 loans in Centralia sit outside every class. Every loan in Centralia falls in Lewis County, WA, at 145 loans, so our work around Centralia a matter of one county only.

Centralia: institutions behind approvals

Lenders named for Centralia stem from SBA's official Centralia records of the 145 loans in Centralia, whoever holds or held them; those files tie each holder though imply no view of lender practice. In the same files, on the 7(a) side around Lewis County, WA, SBA lists Columbia Bank (OR) at 20 loans and $2.3 million; next, KeyBank National Association (14 loans, $4.9 million). On 504 in Centralia, the records show Evergreen Business Capital at 12 loans and $7.8 million. A Centralia borrower is free to ask the Centralia lender Columbia Bank (OR) or other Centralia holders near Lewis County, WA what paperwork it requires, then write the Centralia study to meet it.

Centralia: loss floors and years

Among Centralia approvals from FY2017 through FY2024, not below 15.8% ended in cancellation after approval in Centralia, a floor; the real Centralia share can only be higher. Further, the charge-off rate for Centralia borrowers is not reported here, for too few Centralia loans were drawn. That gap, around Lewis County, WA, is never to be read as a clean record. Further, by year, Centralia hit its high in FY2025 at 28 loans and $11.1 million, and dipped to its lowest in FY2022 at 6 loans and $6.3 million.

Centralia: the tests ahead

The Centralia study starts with customers: who shops in Lewis County, WA, who commutes in, how that compares with Centralia as a whole, and how much room 12 gas station and truck stop loans leave. In the same files, on cost: $300,000 is the Centralia median and $90,000 to $725,100 the middle half, so a Lewis County, WA site must justify its budget against this $300,000 benchmark. Also, debt service: Centralia coverage absorbs a slow year against the 15.8% cancellation floor and the charge-off floor for Centralia, which is also withheld for lack of loans. An appraisal in Centralia has to support the value financed. Centralia applies the July 2023 boundaries; an approval whose home county is unmapped drops out of all areas, Centralia as well, though the totals carry loans sitting outside any named class.