Worked Example: USDA B&I Gas Station Feasibility Study in Oregon
A worked example of the feasibility study a lender would read for a gas station project in Oregon, financed with a USDA Business and Industry guaranteed loan.
Feasibility Study Data for the Coos Bay-North Bend, OR Micro Area
What SBA's own loan files show about lending in the Coos Bay-North Bend, OR Micro Area, every asset class together, and what a feasibility study for a project there has to test.
Coos Bay-North Bend, OR: reading the area whole
Coos Bay-North Bend, OR is a micropolitan area, and its 126 SBA approvals in FY2017 to FY2026 carried $43.9 million in gross dollars. Coos Bay is distinctive on size first: a $70,950 median loan, 0.34x the national median, outside our margin. Coos Bay ranks as a mid-table area, 417 of 928 by loan count. In Coos Bay-North Bend, OR, every asset class is pooled for Coos Bay. That view of Coos Bay is missing from OR and national tables.
$50,000 to $250,000 spans the middle half of Coos Bay loans, and $70,950 is the median. Outside data makes Coos Bay requests look heavy; at 0.34x, Coos Bay is well below the national level. In Coos Bay-North Bend, OR the 7(a) count is 121 and the 504 count is 5, which puts 7(a) ahead in Coos Bay. 6.3% of Coos Bay loans went to franchised businesses, so a Coos Bay study names the brand, if any, for Coos Bay.
Classes, counties and lenders in Coos Bay
Coos Bay: hotel and motel (5 loans) head the tracked-class list. Another 97 Coos Bay loans sit in no tracked class, so Coos Bay totals describe operating businesses, not only property. Coos Bay counts by county run 126 loans in Coos County, OR; a Coos Bay study should say which it covers. Banner Bank ($6.0 million, 51 loans); Columbia Bank (OR) ($8.4 million, 38 loans); U.S. Bank, National Association ($2.2 million, 9 loans) lead 7(a) lending in Coos Bay. Banner Bank, with 51 loans, tops the Coos Bay rows, each an SBA record of Coos Bay loans held or once held; none judges Coos Bay lenders.
Coos Bay approvals peaked in FY2024 at 21 loans and $4.5 million, bottomed at 7 in FY2020, and ended FY2026 at 18, higher than the 11 of FY2017. Coos Bay cancellations stand at 10.3%, a floor, for Coos Bay approvals in FY2017 to FY2024; Coos Bay's ceiling is withheld, never zero in Coos Bay. 0.00% is the floor for Coos Bay loans charged off among the 38 disbursed in FY2017 to FY2021. 0.00% of the Coos Bay cohort was charged off in five years. Coos Bay faces a geography limit: Coos Bay-North Bend, OR uses the July 2023 definition; 126 loans are matched by county, and unplaceable Coos Bay loans are omitted, so Coos Bay counts and rates are floors.
Coos Bay: what a study has to test
Any Coos Bay study defines its Coos Bay trade area first, since lending in Coos County, OR differs from lending across Coos Bay-North Bend, OR. If a Coos Bay concept resembles hotel and motel, Coos Bay offers size and lender precedent; other Coos Bay concepts must rest on their own Coos Bay evidence. Coos Bay costs belong on local bids; test Coos Bay debt service coverage for a loan near $70,950, and again near $250,000. Coos Bay is micropolitan, so a Coos Bay appraisal should say how thin the Coos Bay comparables are. The Coos Bay record frames questions, and each lender in Coos Bay decides on its own.
SBA loans in the Coos Bay-North Bend, OR Micro Area
| Loans approved, FY2017 to FY2026 | 126 |
|---|---|
| Gross dollars approved | $43.9 million |
| Median loan | $70,950 |
| Middle half of loans, from | $50,000 |
| Middle half of loans, to | $250,000 |
| SBA 7(a) loans | 121 |
| SBA 504 loans | 5 |
| Franchise share of loans | 6.3% |
| Rank among metro and micro areas by loans | 417 of 928 |
| Median loan against the national median | 0.34x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 10.3% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 0.00% |
| Charged off within five years of approval | 0.00% |
| Loans in that cohort | 38 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Coos Bay-North Bend, OR Micro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 11 | $3.7 million |
| FY2018 | 10 | $1.9 million |
| FY2019 | 9 | $2.3 million |
| FY2020 | 7 | $3.9 million |
| FY2021 | 7 | $3.6 million |
| FY2022 | 7 | $5.6 million |
| FY2023 | 15 | $8.5 million |
| FY2024 | 21 | $4.5 million |
| FY2025 | 21 | $7.9 million |
| FY2026 | 18 | $2.1 million |
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 97 |
| Hotel and motel | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Banner Bank | 51 | $6.0 million |
| Columbia Bank (OR) | 38 | $8.4 million |
| U.S. Bank, National Association | 9 | $2.2 million |
| BayFirst National Bank | 6 | $3.3 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Coos County, OR | 126 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-18300.
Related feasibility study pages
- Oregon feasibility studies for SBA and USDA loans
- Feasibility Study Data by Metro Area
- SBA feasibility study consultant
- Feasibility Study Data for the Portland-Vancouver-Hillsboro, OR-WA Metro Area
- Feasibility Study Data for the Salem, OR Metro Area
- Feasibility Study Data for the Eugene-Springfield, OR Metro Area
- Feasibility Study Data for the Bend, OR Metro Area
- Feasibility Study Data for the Medford, OR Metro Area
- Feasibility Study Data for the Astoria, OR Micro Area
- Feasibility Study Data for the Newport, OR Micro Area
- Feasibility Study Data for the Albany, OR Metro Area
Worked examples
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Coos Bay-North Bend, OR Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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