Feasibility Study Data for the Hays, KS Micro Area

Hays scale: counts, dollars and typical loans in Hays, KS

Project sites in Hays drew 156 SBA approvals for projects in the Hays, KS micro area between FY2017 and FY2026, worth $51.8 million in gross dollars. Hays holds rank 361 of 928 against every other statistical area, Hays among them. The local median loan is $102,850; the middle half of approvals run from $46,375 to $322,500. Against the country, Hays borrowers take smaller loans, at 0.49x of the national median. Nationally, Hays loans run larger than they do here.

Hays, KS: 7(a), 504 and the holders behind Hays

148 of the Hays approvals were 7(a) loans and 8 were 504 loans. Most Hays borrowers Hays therefore meet the 7(a) rules. Franchise Hays brands account for 5.1% of loans. On the 7(a) side, Bank of Hays leads with 106 loans and $26.9 million. Second place is Equity Bank: 12 loans, $4.1 million. The count for Commerce Bank is 12 loans. No 504 holder in Hays reaches the five-loan Hays line needed to be named. Lender Hays figures here are SBA records, nothing more. Bank of Hays appears as the holder SBA reports; no entry describes how Equity Bank treats borrowers.

Hays: class and county mix across Hays, KS

Most of the Hays total sits outside the tracked asset classes: 122 loans that carry codes outside the Hays table. The Hays class rows therefore describe a minority of Hays lending. Full-service restaurant is the largest tracked Hays class, at 6 loans, ahead of hotel and motel at 5. Ellis County, KS is the largest source of loans, with 156. Demand differs between these counties, so the Hays figure hides some spread.

Hays: outcome rates, trend and data limits in Hays, KS

Looking at FY2017 to FY2024 approvals, Hays cancellations came to at least 5.6%; no ceiling is published beside the 5.6% floor, as the Hays number is held back at the source. Across Hays, no charge-off rate is shown for Hays: too few Hays loans reached the funded cohort, so Hays gets no rate, and a gap not means none. Volume crested in FY2021, at 32 loans and $9.5 million; the thinnest Hays year before FY2026 was FY2025, with 8 loans for $3.8 million. Hays is built from project counties such as Ellis County, KS, counties are assigned under the July 2023 Hays delineation, with Hays counties matched by name.

Hays: demand, cost, coverage and appraisal in Hays, KS

A study for a Hays project has to be prepared for the specific county, because the micro area total blends distinct markets. Hays lenders see full-service Hays restaurant most often, so it has to review how Hays diners split by daypart and Hays dining rooms and their weeknight trade, then what prime cost leaves for debt. In Hays, a Hays request in hotel and motel the issues are the brand and flag question and what competing Hays rooms charge. Cash flow for a Hays loan has to survive a weak year; comparable transactions near the site should support the value. Since Hays loans skew small, a larger request should be defended with project facts.