Feasibility Study Data for the Columbia, MO Metro Area

The Columbia record in brief

Across Columbia, the SBA loan files carry 503 approvals over FY2017 to FY2026, totalling $173.8 million in gross dollars. Columbia stands across all metro and micro areas, on volume, in position 165 of 928. The core of Columbia lending falls between $51,150 and $373,650, and a median near $150,000; and the median sits at 0.72x the national median. By program, Columbia shows 453 loans under 7(a) and 50 under 504. Franchise brands account for 13.5% of the loans.

Columbia: classes and places

For the record, across the classes we show for Columbia, limited-service restaurant comes first with 36 loans, trailed by full-service restaurant, 34 loans and fitness center (18). Another 327 loans in Columbia sit outside every class. By county, Boone County, MO holds 467 loans, then Cooper County, MO (25) and Howard County, MO (11).

Columbia: who holds loans

Banks and development companies named for Columbia come from SBA's own Columbia records of the 503 guaranteed loans in Columbia, under their current or past holder; those files log each file and imply no view of lender appetite. Further, in the 7(a) program near Boone County, MO, SBA's records name The Central Trust Bank at 128 loans and $21.6 million, followed by The Bank of Missouri ($25.5 million across 101 loans). On 504 in Columbia, the records show Enterprise Development Corporation, with 33 loans for $19.3 million and Rural Missouri, Inc. at 17 loans and $12.3 million. An applicant in Columbia may ask The Central Trust Bank or another Columbia holder near Boone County, MO for its document checklist, then fit the Columbia study to satisfy those requests.

Columbia: what followed approval

Among Columbia approvals from FY2017 to FY2024, at least 9.8% ended in cancellation after approval in Columbia, a floor; the true Columbia rate can only be higher. Notably, of disbursed Columbia loans approved in FY2017 to FY2021, 7.1% stand charged off by now, likewise a floor; 4.5% went to charge-off within five years, among a group of 224 loans. Across the years, Columbia hit its high in FY2021 at 62 loans and $23.5 million, and was weakest in FY2026 at 29 loans and $14.0 million.

Columbia: testing a project

Around Boone County, MO, demand comes first: who shops in Boone County, MO, who travels in Cooper County, MO, set against Columbia as a whole, and how much room 36 limited-service restaurant loans leave. Cost next: $150,000 is the Columbia median and $51,150 to $373,650 the middle band, so a Boone County, MO site must justify its budget against this $150,000 benchmark. Then coverage: Columbia coverage survives a sluggish year against the 9.8% rate of cancellation and 7.1% rate of charge-off. The Boone County, MO appraisal must support the value financed. Columbia is cut from the July 2023 boundaries; a file whose county finds no place is excluded from all other areas, Columbia among them, but the totals retain loans apart from the named classes.