Worked Example: SBA 7(a) Change of Ownership of an Express Tunnel Car Wash, Feasibility Study in Alabama
A worked example of the feasibility study a lender would read for a car wash project in Alabama, financed with an SBA 7(a) loan.
Feasibility Study Data for the Daphne-Fairhope-Foley, AL Metro Area
What SBA's own loan files show about lending in the Daphne-Fairhope-Foley, AL Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Daphne-Fairhope-Foley: what the record shows
For Daphne-Fairhope-Foley, SBA shows $232.3 million on 347 loans, FY2017 to FY2026. By loan count, Daphne-Fairhope-Foley stands 214 of 928 among all areas. The Daphne-Fairhope-Foley median loan is $250,000. $100,000 to $701,500 spans the Daphne-Fairhope-Foley middle half. Set beside the nation, Daphne-Fairhope-Foley stands at 1.20x. Daphne-Fairhope-Foley splits into 319 loans under 7(a) and 28 under 504. Daphne-Fairhope-Foley shows a franchise share of 20.7%. Daphne-Fairhope-Foley dollars add to $232.3 million.
Daphne-Fairhope-Foley: classes and counties
Daphne-Fairhope-Foley leaders: full-service restaurant (24), then limited-service restaurant (18), then coffee shop and snack bar (13). Next in Daphne-Fairhope-Foley comes fitness center at 9 loans. The Daphne-Fairhope-Foley record also holds 239 loans in no tracked class. Daphne-Fairhope-Foley consists of Baldwin County, AL, where SBA places 347 loans.
Daphne-Fairhope-Foley: the lender side
In Daphne-Fairhope-Foley, a holder can differ from the maker. Daphne-Fairhope-Foley lists, for 7(a), PNC Bank, National Association (28 loans, $11.4 million) and Wells Fargo Bank National Association (28 loans, $504,000). Daphne-Fairhope-Foley lists, for 504, 11 loans at Southern Development Council ($10.5 million), 7 loans at Birmingham Citywide Local Development Company ($8.5 million), and 5 loans at Florida First Capital Finance Corporation, Inc. ($3.4 million). Daphne-Fairhope-Foley rows serve a borrower as background. Nothing in Daphne-Fairhope-Foley rows states what a holder requires.
Daphne-Fairhope-Foley: outcome rates and data limits
A floor of 13.3% describes Daphne-Fairhope-Foley cancellations on FY2017 to FY2024 approvals. The Daphne-Fairhope-Foley ceiling is 15.9%, counting undisbursed loans as cancelled. Daphne-Fairhope-Foley charge-offs: 7.6% among 118 loans disbursed FY2017 to FY2021, a floor. Daphne-Fairhope-Foley withholds a five-year rate: Daphne-Fairhope-Foley loans are too few. A lender reading Daphne-Fairhope-Foley takes both rates as the least. Daphne-Fairhope-Foley history only grows. County names place the Daphne-Fairhope-Foley loans. The July 2023 delineation defines Daphne-Fairhope-Foley. Daphne-Fairhope-Foley omits loans with no county match. The Daphne-Fairhope-Foley total includes loans outside the classes.
Daphne-Fairhope-Foley: testing a project
The Daphne-Fairhope-Foley trend peaks in FY2024 with 62 loans ($36.2 million) and bottoms in FY2021 with 22 ($20.6 million). FY2017 opened the Daphne-Fairhope-Foley series with 34 loans ($13.6 million). The latest year, FY2026, shows 27 loans and $27.3 million for Daphne-Fairhope-Foley. A Daphne-Fairhope-Foley feasibility study tests demand first, from Baldwin County, AL outward, not from the area average. The Daphne-Fairhope-Foley budget is priced against a $250,000 median. Daphne-Fairhope-Foley sits at 1.20x nationally; site, build and equipment all count. Daphne-Fairhope-Foley coverage is stressed with slower ramp-up. Daphne-Fairhope-Foley reviewers will weigh the floors above. The Daphne-Fairhope-Foley appraiser reads local comparables. The Daphne-Fairhope-Foley study reconciles them to cost. Absorption near Baldwin County, AL is tested for Daphne-Fairhope-Foley on a slow case. Beside Baldwin County, AL findings, the Daphne-Fairhope-Foley study lists what it could not test.
SBA loans in the Daphne-Fairhope-Foley, AL Metro Area
| Loans approved, FY2017 to FY2026 | 347 |
|---|---|
| Gross dollars approved | $232.3 million |
| Median loan | $250,000 |
| Middle half of loans, from | $100,000 |
| Middle half of loans, to | $701,500 |
| SBA 7(a) loans | 319 |
| SBA 504 loans | 28 |
| Franchise share of loans | 20.7% |
| Rank among metro and micro areas by loans | 214 of 928 |
| Median loan against the national median | 1.20x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 13.3% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 15.9% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 7.6% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 118 |
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 Daphne-Fairhope-Foley, AL Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 34 | $13.6 million |
| FY2018 | 28 | $8.7 million |
| FY2019 | 24 | $15.5 million |
| FY2020 | 26 | $12.9 million |
| FY2021 | 22 | $20.6 million |
| FY2022 | 36 | $22.8 million |
| FY2023 | 39 | $40.3 million |
| FY2024 | 62 | $36.2 million |
| FY2025 | 49 | $34.5 million |
| FY2026 | 27 | $27.3 million |
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 239 |
| Full-service restaurant | 24 |
| Limited-service restaurant | 18 |
| Coffee shop and snack bar | 13 |
| Fitness center | 9 |
| Dental office | 7 |
| Automotive mechanical repair (car and truck) | 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 |
|---|---|---|
| Southern Development Council | 11 | $10.5 million |
| Birmingham Citywide Local Development Company | 7 | $8.5 million |
| Florida First Capital Finance Corporation, Inc. | 5 | $3.4 million |
| Florida Business Development Corporation | 5 | $2.1 million |
| Lender | Loans | Dollars |
|---|---|---|
| PNC Bank, National Association | 28 | $11.4 million |
| Wells Fargo Bank National Association | 28 | $504,000 |
| Live Oak Banking Company | 20 | $28.2 million |
| United Midwest Savings Bank National Association | 17 | $5.4 million |
| The Huntington National Bank | 16 | $5.7 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 |
|---|---|
| Baldwin County, AL | 347 |
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-19300.
Related feasibility study pages
- Alabama feasibility study company
- Feasibility Study Data by Metro Area
- SBA feasibility study consultant
- Feasibility Study Data for the Birmingham, AL Metro Area
- Feasibility Study Data for the Huntsville, AL Metro Area
- Feasibility Study Data for the Mobile, AL Metro Area
- Feasibility Study Data for the Montgomery, AL Metro Area
- Feasibility Study Data for the Auburn-Opelika, AL Metro Area
- Feasibility Study Data for the Tuscaloosa, AL Metro Area
- Feasibility Study Data for the Dothan, AL Metro Area
- Feasibility Study Data for the Decatur, AL Metro Area
Worked examples
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Daphne-Fairhope-Foley, AL 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.
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