A high cancellation floor

Corvallis, all Benton County, shows a cancellation floor of 17.3% for FY2017 to FY2024 approvals, a high floor, while its ceiling for undisbursed loans is withheld. SBA approved 115 loans across FY2017 to FY2026, $47.7 million gross, rank 440 of 928; 103 are 7(a) and 12 are 504. Corvallis has a median loan of $234,200. Corvallis stands at 1.13x the national figure; in Corvallis, half of loans run $50,000 to $501,500. Brands hold 9.6% of the count.

Only fitness center, 5 loans, appears among Corvallis classes, against 86 loans outside them. A fitness study should test membership churn, the lease term set against buildout cost, and the clubs already drawing on the same households. FY2017 had 12 loans and $6.5 million, FY2018 a trough of only 5 loans for $1.5 million, and FY2026 the peak at 20 loans and $4.3 million, so count has climbed while dollars per loan fell.

Corvallis lenders

Corvallis 7(a) holders start with Columbia Bank (OR) at 20 loans and $3.0 million, then U.S. Bank, National Association at 14 loans and $1.5 million and, with 10 loans and $2.1 million, Wells Fargo Bank National Association. On 504, Evergreen Business Capital has 5 loans and $1.6 million. Corvallis lists rest on SBA's holder records. Corvallis names hold or held these loans. Corvallis counts are volume, and Corvallis counts promise no lender requirement.

Corvallis floors and the study

Corvallis cancellations after approval reached at least 17.3%. Corvallis approvals span FY2017 to FY2024. Corvallis withholds its ceiling for loans never disbursed. Corvallis lacks loans to support it. Corvallis charge-offs are withheld. The Corvallis cohort is too thin; Corvallis is not a zero. Every Corvallis rate here is a floor, as open Corvallis loans may move it. Corvallis follows county placement. Corvallis matches each project's county by name. Corvallis then applies the July 2023 delineation. Corvallis leaves out loans with unplaceable counties, and Corvallis counts all approvals, named or not. Corvallis work should confirm that approvals will really close, test demand and cost for the specific business, and compare value with Benton County sales. Daniel Smith, MAI, names each Corvallis study. Corvallis studies are prepared by Loan Analytics.

SBA loans in the Corvallis, OR Metro Area

Loans approved, FY2017 to FY2026	115
Gross dollars approved	$47.7 million
Median loan	$234,200
Middle half of loans, from	$50,000
Middle half of loans, to	$501,500
SBA 7(a) loans	103
SBA 504 loans	12
Franchise share of loans	9.6%
Rank among metro and micro areas by loans	440 of 928
Median loan against the national median	1.13x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	17.3%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

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 Corvallis, OR Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	12	$6.5 million
FY2018	5	$1.5 million
FY2019	11	$3.6 million
FY2020	13	$6.2 million
FY2021	15	$8.1 million
FY2022	7	$2.1 million
FY2023	7	$6.0 million
FY2024	11	$2.9 million
FY2025	14	$6.6 million
FY2026	20	$4.3 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	86
Fitness center	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Evergreen Business Capital	5	$1.6 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Columbia Bank (OR)	20	$3.0 million
U.S. Bank, National Association	14	$1.5 million
Wells Fargo Bank National Association	10	$2.1 million
Live Oak Banking Company	5	$8.2 million
Banc of California	5	$4.9 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
Benton County, OR	115

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-18700.

Related feasibility study pages

Worked examples

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.

State: Oregon · Asset: Gas station · Program: USDA Business and Industry

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Corvallis, OR Metro 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.

Daniel Smith, MAI

Feasibility Study Data for the Corvallis, OR Metro Area