Feasibility Study Data for the Kearney, NE Micro Area

What the record shows for Kearney

105 approvals for projects in Kearney, NE over FY2017 through FY2026 total $46.5 million gross. Then, Kearney sits at 457 of 928 among all CBSAs by loan count. In turn, $203,000 stands as the central loan; the central half falls between $100,000 and $520,000. Also, the area median comes to 0.98x compared with the median nationwide, so tickets run less than the national middle. In turn, Kearney holds only projects inside its borders, not a mix of unrelated markets: 105 loans in total.

Who finances projects in Kearney

84 loans under 7(a) stand against 21 loans in 504. In turn, 13.3% of the approvals belong to franchisees in this area. Beyond that, within 7(a) approvals, the biggest lenders by loans come out as First National Bank of Omaha with 18 loans worth $4.4 million, Custer Federal State Bank holding 14 loans worth $3.2 million, then Exchange Bank (NE) with 12 loans for $7.7 million. Beyond that, within 504 cases, the biggest program intermediaries by approvals are Nebraska Economic Development Corporation holding 21 loans for $12.8 million. Also, lender names come from SBA data for 105 approvals; they record loans made only, not what lenders apply across Kearney.

The classes behind the loans in Kearney

Limited-service restaurant at 12 comes first among the classes in the file. In turn, 76 loans fall beyond the named classes, so the Kearney total is wider than the class list. Here, looking at counties, Buffalo County (97) then Kearney County (8) take the largest shares. Here, over the approval years, FY2017 leads off at 10 loans and $1.9 million; withheld years in between are not filled in, and FY2024 rounds out the record at 13 loans and $2.4 million.

What the floors allow in Kearney

10.9% of FY2017 through FY2024 approvals in Kearney were cancelled before funding, a floor; 10.9% is the ceiling counting undisbursed loans. Also, 0.00% among FY2017 through FY2021 loans disbursed in Kearney were charged off to date, a floor; 0.00% were charged off by the fifth year post-approval, in a cohort of 52 disbursed loans. Treat every rate on this page as a floor, as approvals made lately have had limited time to cancel or default, across 105 loans. An area on this page is the statistical area that takes in every loan's county of project, following July 2023 boundaries as adopted; every county were matched by name alone, so any loan whose project county cannot be assigned is missing from every area total without exception. With or without a named class, every 7(a) or 504 loan in Kearney is added toward its $46.5 million total.

The feasibility questions for Kearney

Across Kearney, a proper study of a project starts from the subject property, and not the 105-loan file. Next, customer demand in Kearney opens the work: does Kearney's household base support the turnover planned, net of nearby competition around Buffalo County? Worth noting: the median here stands at 0.98x against the national median, so typical tickets come in light; a bigger scheme must show comparable deals justify its size. Next, coverage of debt service joins revenue to cost in Kearney: forecast income set against loan payments, and a downside case. In turn, the valuation closes the loop in Kearney: the as-built value must cover the borrowing asked for. Worth noting: an applicant carrying a separate study for Kearney, prior to meeting a lender, has dealt with those floors up front; approval rests with SBA and the lender in Kearney, and no study promises it.