A withheld cancellation rate

Hermiston-Pendleton is a micropolitan area, Umatilla County with Morrow County alongside. Loan Analytics withholds its cancellation rate on this page, and the charge-off rate too, because too few loans stand behind each; neither is a zero. The missing numbers are a real gap, not a clean sheet. Umatilla County holds 124 of the 138 loans, so the area is mostly one county.

SBA approved 138 loans across FY2017 to FY2026, $95.9 million gross, rank 392 of 928; 126 are 7(a) and 12 are 504. Median loan in Hermiston: $114,000. Hermiston reads 0.55x against the national figure. Within Hermiston, half of loans are $30,150 to $848,250. Brands hold 16.7% of the count. Umatilla County has 124 loans and Morrow County 14. Gas station and truck stop heads the table, 17 loans, then hotel and motel at 11, and then, with 6, full-service restaurant, and with 5, coffee shop and snack bar; 80 loans sit outside the classes. FY2017 had 14 loans and $7.2 million, FY2021 8 loans and $6.7 million, FY2025 23 loans and $15.4 million and FY2026 17 loans and $11.2 million.

Hermiston-Pendleton lenders

Columbia Bank (OR) heads the 7(a) list with 29 loans and $5.9 million, followed by U.S. Bank, National Association (24 loans, $6.0 million) and Banner Bank (22 loans, $1.3 million). Evergreen Business Capital holds 6 loans and $12.1 million on 504. Hermiston lists name holders from SBA's records. Hermiston holders hold or held those loans. Hermiston volume is no verdict on lender practice. Hermiston counts promise no requirement.

Hermiston-Pendleton limits, and the study

Loan Analytics withholds the cancellation rate for Hermiston. Too few Hermiston loans support one, and Hermiston is not a zero. Hermiston charge-offs are withheld. The Hermiston cohort is too thin; Hermiston is not a zero. Every Hermiston rate here is a floor, as open Hermiston loans may move it. Hermiston follows county placement. Hermiston matches each project's county by name. Hermiston then applies the July 2023 delineation. Hermiston leaves out loans with unplaceable counties, and Hermiston counts all approvals, named or not. For gas stations, the leading class, price pump margin and tank condition; for hotels, test seasonal occupancy; and in both lean on Umatilla County sales for value. Daniel Smith, MAI, signs every Hermiston study. Loan Analytics prepares each Hermiston study.

SBA loans in the Hermiston-Pendleton, OR Micro Area

Loans approved, FY2017 to FY2026	138
Gross dollars approved	$95.9 million
Median loan	$114,000
Middle half of loans, from	$30,150
Middle half of loans, to	$848,250
SBA 7(a) loans	126
SBA 504 loans	12
Franchise share of loans	16.7%
Rank among metro and micro areas by loans	392 of 928
Median loan against the national median	0.55x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Hermiston-Pendleton, OR Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	14	$7.2 million
FY2018	16	$6.8 million
FY2019	12	$4.0 million
FY2020	10	$11.0 million
FY2021	8	$6.7 million
FY2022	14	$13.5 million
FY2023	13	$14.9 million
FY2024	11	$5.2 million
FY2025	23	$15.4 million
FY2026	17	$11.2 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	80
Gas station and truck stop	17
Hotel and motel	11
Full-service restaurant	6
Coffee shop and snack bar	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Evergreen Business Capital	6	$12.1 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Columbia Bank (OR)	29	$5.9 million
U.S. Bank, National Association	24	$6.0 million
Banner Bank	22	$1.3 million
Commonwealth Business Bank	5	$6.5 million
Readycap Lending, LLC	5	$6.2 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Umatilla County, OR	124
Morrow County, OR	14

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-25840.

Related feasibility study pages

Worked examples

Worked Example: USDA B&I Gas Station Feasibility Study in Oregon

A worked example of the feasibility study a lender would read for a gas station project in Oregon, financed with a USDA Business and Industry guaranteed loan.

State: Oregon · Asset: Gas station · Program: USDA Business and Industry

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Hermiston-Pendleton, OR Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Hermiston-Pendleton, OR Micro Area