Feasibility Study Data for the Joplin, MO-KS Metro Area

Joplin at a glance

For Joplin, SBA shows $212.8 million on 447 loans, FY2017 to FY2026. By loan count, Joplin stands 182 of 928 among all areas. Joplin loans center on $191,000, the median. Joplin middle half: $95,500 to $553,850. Joplin: 0.92x of the national median. By program, Joplin has 435 7(a) loans and 12 504 loans. Joplin shows a franchise share of 7.8%. Those 447 Joplin loans carry $212.8 million.

Joplin: classes and counties

Class by class, Joplin shows full-service restaurant (18), limited-service restaurant (17), and automotive mechanical repair (13) on top. Fourth in Joplin is fitness center, with 11 loans. 329 Joplin loans sit in no tracked class. Most Joplin credit is general business lending. SBA assigns Joplin loans mostly to Jasper County, MO (331), Newton County, MO (106), and Cherokee County, KS (10).

Joplin: lenders in the record

In Joplin, a holder can differ from the maker. Joplin lists, for 7(a), 55 loans at Guaranty Bank ($18.6 million) and 33 loans at U.S. Bank, National Association ($1.8 million). The Joplin 504 table lists no lender: counts are low. For a Joplin borrower, these rows give background only. Joplin rows promise no one a loan.

Joplin: floors, and what is withheld

Joplin cancellation, FY2017 to FY2024 approvals: 9.6%. It is a floor for Joplin. Treating undisbursed Joplin loans as cancelled gives 9.6%, the ceiling. Joplin charge-offs: 4.8% among 189 loans disbursed FY2017 to FY2021, a floor. Joplin withholds a five-year rate: Joplin loans are too few. Joplin rates are floors. Loans season, and Joplin events can still raise them. Joplin loans are placed by county name. For Joplin, the July 2023 list governs. Joplin omits loans with no county match. Joplin totals hold untracked-class loans too.

Joplin: testing a project

Joplin approvals were thinnest in FY2019 (28 loans, $10.8 million) and heaviest in FY2021 (56 loans, $27.4 million). FY2017 opened the Joplin series with 35 loans ($10.4 million). FY2026 closes the Joplin series at 53 loans, $36.5 million. For a project near Jasper County, MO, the Joplin study opens with demand: payers, frequency, price. Joplin costs sit beside a $191,000 median. Joplin stands at 0.92x nationally. Joplin coverage cannot assume smooth sailing. Joplin floors say why. The Joplin appraisal rests on area comparables. The study reconciles value and cost for Joplin readers. Absorption near Jasper County, MO is tested for Joplin on a slow case. The Joplin study states its limits beside Jasper County, MO findings.