Feasibility Study Data for the Des Moines-West Des Moines, IA Metro Area

Des Moines in the SBA loan record

Des Moines-West Des Moines, IA is a metropolitan area, and its 1,389 SBA approvals in FY2017 to FY2026 carried $675.4 million in gross dollars. Des Moines is an upper-tier area: 73 of 928 by loans. In Des Moines-West Des Moines, IA, every asset class is pooled for Des Moines. That view of Des Moines is missing from IA and national tables.

Des Moines: half of loans run $70,000 to $514,000, around a median of $210,000. At 1.01x the national median, Des Moines runs close to the national level; a Des Moines request borrowed from elsewhere may look ordinary in Des Moines. Des Moines counts 1,205 loans under 7(a) and 184 under 504, so 7(a) carries the Des Moines mix. Des Moines franchised businesses took 16.4% of loans, so a branded concept in Des Moines needs a brand-cost check in Des Moines.

Classes, counties and lenders in Des Moines

In Des Moines-West Des Moines, IA, full-service restaurant (70 loans); limited-service restaurant (57 loans); fitness center (54 loans); child care center (38 loans) lead by loans in Des Moines. Another 998 Des Moines loans sit in no tracked class, so Des Moines totals describe operating businesses, not only property. Des Moines's top counties by loans: 1,010 loans in Polk County, IA, 190 loans in Dallas County, IA, and 110 loans in Warren County, IA. U.S. Bank, National Association ($19.1 million, 170 loans); Lincoln Savings Bank ($49.5 million, 88 loans); Bankers Trust Company ($22.5 million, 87 loans) lead 7(a) lending in Des Moines. Des Moines 504 list: Iowa Business Growth Company ($118.2 million, 127 loans); Pivotal Business Partners ($30.2 million, 35 loans); Dakota Business Finance ($8.7 million, 8 loans). Des Moines lender figures, U.S. Bank, National Association's 170 loans included, are an SBA record of Des Moines loans held or once held; no Des Moines lender is judged by them.

The Des Moines series opens at 138 loans in FY2017 and closes at 117, lower than the start; its high is 181 loans ($83.9 million) in FY2024, its low 117 in FY2026. Of Des Moines approvals in FY2017 to FY2024, Des Moines saw at least 11.1% cancelled, and at most 11.6% if Des Moines loans still undisbursed count as cancelled in Des Moines. Of 573 Des Moines loans disbursed in FY2017 to FY2021, 4.4% are charged off, a floor. 2.6% of the Des Moines cohort was charged off in five years. Des Moines-West Des Moines, IA membership follows the July 2023 delineation; Des Moines counties are matched by name, and a Des Moines loan with no match is dropped, so 1,389 is a floor, and every Des Moines rate is too.

Des Moines: testing a project

For Des Moines, a study tests Des Moines demand within a defined trade area, since Polk County, IA dominates Des Moines loan counts. If a Des Moines concept resembles full-service restaurant, Des Moines offers size and lender precedent; other Des Moines concepts must rest on their own Des Moines evidence. Local bids set Des Moines costs; Des Moines debt service coverage then needs tests at $210,000 and at $514,000. Des Moines is metropolitan; a Des Moines appraisal belongs in one submarket, not behind Des Moines averages. Nothing printed for Des Moines predicts approval; each Des Moines lender still reviews a study.