Feasibility Study Data for the Durango, CO Micro Area

The scale of lending in Durango

177 approvals inside Durango, CO between FY2017 through FY2026 add up to $87.9 million gross. Then, Durango places 339 of 928 within all CBSAs on approvals. Also, $200,000 sets the typical loan; half of all loans runs from $56,000 to $499,200. In practice, locally the median is 0.96x compared with the median across the country, pointing to tickets that sit beneath the country's norm. Beyond that, Durango holds only loans from its own counties, not the blend a state page gives: 177 loans in total.

Who finances projects in Durango

155 SBA 7(a) loans stand against 22 approvals under 504. Beyond that, 7.9% of all approvals belong to franchisees in Durango. Under 7(a) approvals, the top banks and lenders on loan count come out as First Southwest Bank booking 56 loans for $15.0 million, Wells Fargo Bank National Association with 20 loans for $5.2 million; and Zions Bancorporation, National Association with 16 loans totalling $1.7 million. Then, no 504 lender in Durango has enough loans to be named. For context, all the names follow SBA files on 177 loans; they show completed approvals and no more, never the terms that lenders require in Durango.

Where the loans sit in Durango

11 for full-service restaurant, 6 for fitness center, limited-service restaurant with 6, then 5 for hotel and motel rank first by class. In addition, 120 approvals lie outside every named class, so its $87.9 million total reaches beyond the class list. Separately, 5 approvals in caterers across Durango are too few for any claim. Also, La Plata County holds every one of 177 approvals, so area and county match. Next, by year, FY2017 leads off at 9 loans and $5.8 million; FY2021 is the high point at 42 loans and $20.2 million, while FY2026, the latest year, caps the file at 8 loans and $4.4 million.

The outcome floors in Durango

4.3% among FY2017 through FY2024 approvals in Durango were cancelled before disbursement, a floor; 4.3% marks the ceiling if undisbursed loans count. Worth noting: no charge-off figure is shown for Durango, CO; the pool of disbursed loans is too thin, and withheld is not zero. Then, treat every rate printed here as a floor, since loans approved recently have had little runway to cancel or default, across 177 loans. For context, a Durango entry on this page follows the core-based area that takes in every loan's home county, using the July 2023 boundaries as published; project counties are tied on name, and so a project whose county cannot be assigned is dropped from every area without exception. Next, whatever its class, any 7(a) and 504 approval across Durango is included toward its $87.9 million total.

The feasibility questions for Durango

Throughout Durango, any serious study of a venture opens with the subject property, instead of the 177-loan file. Market demand in Durango is tested first: will Durango's neighbourhood demand sustain the revenue assumed, set against rivals in and near La Plata County? The local median is 0.96x compared with the national median, so everyday approvals stay compact; a project well above them must make the case it can carry its debt. Separately, the coverage test joins income to payments for Durango: forecast income measured on loan payments, and a downside case. In practice, then the appraisal closes the loop here: collateral and as-complete value has to cover the borrowing proposed. A borrower who brings a separate study of Durango, when first approaching a bank, has answered the floors early; approval is for the credit committee and SBA for Durango, never the study.