Grocery Store Feasibility Study in the Portland-Vancouver-Hillsboro, OR-WA Metro Area

Grocery stores across two states

Two ranks place Portland-Vancouver-Hillsboro: 14 of 39 for grocery store within Portland-Vancouver-Hillsboro's own classes, and 25 of 412 for Portland-Vancouver-Hillsboro itself. The 29 approved loans, worth $22.6 million, were approved between FY2017 and FY2026, with 11 in Multnomah County. By location quotient (0.74x), SBA lending in Portland-Vancouver-Hillsboro gives grocery store loans a lighter share than the national one.

At $390,000, the Portland-Vancouver-Hillsboro median loan is 1.11x the national median for grocery stores, and most usual loans sit between $175,000 and $1.1 million. The upper edge is far above the lower, so a corner market and a full-format store can sit in one band. The program split and the franchise share are not shown. SBA's data here leaves out the way these loans divide throughout the two SBA programs in Portland-Vancouver-Hillsboro. A reader looking at Portland-Vancouver-Hillsboro should remember that these grocery store figures cover SBA-recorded loans merely, and a plan in Portland-Vancouver-Hillsboro needs its own proof of revenue.

A holder with a comma in its name

Holder of 7 7(a) loans worth $9.5 million: Readycap Lending, LLC. That is a sizable block of dollars on seven loans, so its loans run larger than the median. Read these as notes of holdings, not a judgement of the lenders.

Two years are printed: FY2018 with 6 loans and $1.3 million and 5 loans worth $7.5 million in FY2023. Dollars per loan differ sharply throughout the two years, a reminder that a few big loans can swing a cell this small. Loan Analytics withholds Portland-Vancouver-Hillsboro's both outcome rates since the Portland-Vancouver-Hillsboro FY2017-to-FY2021 group contains fewer than 30 loans, beneath Loan Analytics' own line for Portland-Vancouver-Hillsboro. A withheld rate in Portland-Vancouver-Hillsboro should never be read as zero.

A Portland area grocery plan should count the households within reach of the site, set weekly sales beside rent, payroll and shrink, and weigh fixtures and refrigeration cost against a loan near $390,000. Show payment cover with gradual early sales relative to established competitors, and have an appraiser separate real estate from stock and equipment. Federal rules set Portland-Vancouver-Hillsboro, and loans from counties Portland-Vancouver-Hillsboro cannot match stay absent from its totals.

Putting the Portland-Vancouver-Hillsboro figures to work

Multnomah County supplies 11 of the 29 loans, so the Portland-Vancouver-Hillsboro record is spread throughout Portland-Vancouver-Hillsboro rather than concentrated in one county, though merely one county row is printed. A lender will read the median of $390,000 beside a band broad sufficient to hold both a small market and a full-format store, and will ask which a proposal is. A sponsor should state the format and the square footage plainly and support the sales forecast for it.