What SBA's own loan files show about lending in the Jacksonville, NC Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Jacksonville, NC holds rank 326 of 928 by loans, with 188 approvals for FY2017 to FY2026, $141.9 million gross. Ticket size in Jacksonville leans high, with $352,450 at the median, 1.69x the national median. The middle half of Jacksonville approvals runs from $143,750 up to $823,100. In Jacksonville, a request far outside $143,750 to $823,100 will draw questions. The Jacksonville study should answer them early in Jacksonville.
In Jacksonville, SBA 7(a) accounts for 175 loans, against 13 under SBA 504. 31.4% of the Jacksonville loans went to franchised businesses. Jacksonville named classes stand limited-service restaurant with 24, full-service restaurant with 16 and hotel and motel with 14. The Jacksonville total of 188 also contains 97 loans that no named class captures. In Jacksonville, only Onslow County, NC appears, holding 188 loans in Jacksonville.
In Jacksonville, lender lines come from SBA's record of loans a bank in Jacksonville keeps or kept in Jacksonville, per the holder note, so no underwriting can be read. Jacksonville holders should be read that way. Jacksonville SBA 7(a) holders at the top: The Huntington National Bank with 16 loans worth $7.9 million; Northeast Bank (ME) with 13 loans worth $1.4 million; First Bank (NC) with 12 loans worth $8.9 million. No holder in Jacksonville, NC reaches the 504 table threshold. The Jacksonville 504 side carries no lender names in Jacksonville. The first holder in Jacksonville sets the pace. Even so, a Jacksonville borrower may take a study elsewhere in Jacksonville.
Among FY2017 to FY2024 approvals, Jacksonville cancellation after approval is 12.3%, a floor. One more Jacksonville figure, a ceiling treating unfunded loans as cancelled is suppressed, and Jacksonville gets no estimate. Jacksonville charge-offs to date, a floor, run 7.1% for the 70 loans disbursed from FY2017 to FY2021; 7.1% came within five years. FY2024, at 29 loans in Jacksonville, tops the printed yearly counts for Jacksonville. Boundaries for Jacksonville come from its project county, matched by name by the July 2023 delineation, meaning this loan, if its county is blank joins no area at all. The 188 loans in Jacksonville, NC include 97 that sit in no named class.
The Jacksonville test begins with demand. Count the customers within reach of that location, never Jacksonville at large, and let revenue survive a slow ramp. After demand, Jacksonville cost. The middle half runs $143,750 to $823,100, however land and building need bids, also equipment and fees itemised for Jacksonville. Coverage of debt service is the Jacksonville test. Present the ratio for the amount once more on conservative revenue, because loans in Jacksonville can still fail. The Jacksonville appraisal is the final gate: so each source behind the numbers needs to reconcile with value in Jacksonville. Inside Jacksonville, NC, submarkets differ widely. Its 188 loans average across them all, so a Jacksonville study must name the Jacksonville submarket it means. With Jacksonville at 1.69x the national median in Jacksonville, projects run large in Jacksonville. The study must justify its project for Jacksonville against $352,450.
| Loans approved, FY2017 to FY2026 | 188 |
|---|---|
| Gross dollars approved | $141.9 million |
| Median loan | $352,450 |
| Middle half of loans, from | $143,750 |
| Middle half of loans, to | $823,100 |
| SBA 7(a) loans | 175 |
| SBA 504 loans | 13 |
| Franchise share of loans | 31.4% |
| Rank among metro and micro areas by loans | 326 of 928 |
| Median loan against the national median | 1.69x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 12.3% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 7.1% |
| Charged off within five years of approval | 7.1% |
| Loans in that cohort | 70 |
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 Jacksonville, NC Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 18 | $8.8 million |
| FY2018 | 16 | $11.2 million |
| FY2019 | 12 | $9.0 million |
| FY2020 | 22 | $22.2 million |
| FY2021 | 14 | $9.8 million |
| FY2022 | 22 | $15.9 million |
| FY2023 | 22 | $10.1 million |
| FY2024 | 29 | $19.5 million |
| FY2025 | 25 | $22.5 million |
| FY2026 | 8 | $12.8 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 97 |
| Limited-service restaurant | 24 |
| Full-service restaurant | 16 |
| Hotel and motel | 14 |
| Fitness center | 10 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| The Huntington National Bank | 16 | $7.9 million |
| Northeast Bank (ME) | 13 | $1.4 million |
| First Bank (NC) | 12 | $8.9 million |
| United Midwest Savings Bank National Association | 8 | $2.7 million |
| TD Bank, National Association | 8 | $2.1 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.
| County | Loans |
|---|---|
| Onslow County, NC | 188 |
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-27340.
A worked example of the feasibility study a lender would read for a hotel project in North Carolina, financed with a conventional bank loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Jacksonville, NC Metro 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.
Start with the data.
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