Feasibility Study Data for the Evansville, IN Metro Area

Evansville in the SBA loan record

Evansville, IN is a metropolitan area, and its 465 SBA approvals in FY2017 to FY2026 carried $254.1 million in gross dollars. Evansville, IN differs from the national record on losses past our margin, though Evansville withholds the floor itself, and withheld is not zero. Evansville counts as a mid-table area, ranked 177 of 928 by loans. In Evansville, IN, every asset class is pooled for Evansville. That view of Evansville is missing from IN and national tables.

Evansville's middle-half loans run $100,000 to $544,000, with $222,400 at the median. Evansville sits above the national level: its 1.07x ratio to the national median means Evansville requests sized nationally may look small. Evansville: 7(a) leads the mix, with 406 7(a) loans against 59 under 504. 17.6% of Evansville loans went to franchised businesses, so a Evansville study names the brand, if any, for Evansville.

Who lends in Evansville, and for what

Evansville's tracked classes, largest first: 37 loans in full-service restaurant; 30 loans in limited-service restaurant; 15 loans in hotel and motel; 11 loans in beauty salon. 316 Evansville loans sit outside the tracked classes, so Evansville operating businesses show up in these totals. Evansville counts by county run 341 loans in Vanderburgh County, IN, 96 loans in Warrick County, IN, and 28 loans in Posey County, IN; a Evansville study should say which it covers. Evansville 7(a) leaders: Heritage Federal Credit Union ($17.8 million, 72 loans); German American Bank ($9.3 million, 57 loans); Legence Bank ($8.4 million, 25 loans). Evansville 504 lending is led by 44 loans at Premier Capital Corporation ($25.2 million). SBA keeps records of Evansville loans each lender holds or held; Heritage Federal Credit Union leads with 72, and no Evansville lender is judged.

Evansville ended FY2026 at 40 loans, lower than FY2017's 40; the peak came in FY2024 (61 loans, $44.2 million) and the low in FY2023 (34). Evansville cancellations stand at 10.3%, a floor, for Evansville approvals in FY2017 to FY2024; Evansville's ceiling is withheld, never zero in Evansville. Evansville shows no charge-off floor, for the cohort behind 465 loans is thin; the value is withheld in Evansville, and withheld is not zero. Evansville faces a geography limit: Evansville, IN uses the July 2023 definition; 465 loans are matched by county, and unplaceable Evansville loans are omitted, so Evansville counts and rates are floors.

Evansville: what a study has to test

A Evansville feasibility study begins with Evansville demand from the right counties: Vanderburgh County, IN leads the loan counts, though Evansville is wider. If a Evansville concept resembles full-service restaurant, Evansville offers size and lender precedent; other Evansville concepts must rest on their own Evansville evidence. Test Evansville coverage of debt service on a $222,400 loan, and on a $544,000 loan, after pricing Evansville costs from bids. Evansville is metropolitan; a Evansville appraisal belongs in one submarket, not behind Evansville averages. Nothing printed for Evansville predicts approval; each Evansville lender still reviews a study.