Feasibility Study Data for the Kennewick-Richland, WA Metro Area

Kennewick-Richland, WA: what the SBA record contains for Kennewick-Richland

587 SBA approvals landed here for Kennewick-Richland projects over FY2017 to FY2026, for $292.1 million gross. The metro area sits at 154 of 928, Kennewick-Richland, among all metro and micro areas, counting Kennewick-Richland. The median ticket in Kennewick-Richland is $150,000, whereas the middle half cover $50,000 to $519,500. The national comparison is plain: at 0.72x of the national median. Nationally, Kennewick-Richland loans run larger than they do here.

Kennewick-Richland, WA: franchises, programs and named holders for Kennewick-Richland

The program split in Kennewick-Richland is 531 under 7(a) and 56 under 504, so 7(a) leads here. In Kennewick-Richland, the franchise share of Kennewick-Richland loans is 12.3%. In 7(a), the biggest holder is Banner Bank: 105 loans, $23.1 million in all, followed by HAPO Community CU with 76 loans and $7.7 million. Third on the list is Columbia Bank (OR), 56 loans, and U.S. Bank, National Association at 45. Under 504, Northwest Business Development Association is the lead holder with 35 loans and $28.8 million, just ahead of Evergreen Business Capital at 16. Lender Kennewick-Richland figures here are SBA records, nothing more. The line for Banner Bank appears as the holder SBA reports; it is no judgment of policy at HAPO Community CU or elsewhere.

Kennewick-Richland, WA: where Kennewick-Richland loans sit by class and county

Most of the Kennewick-Richland total sits outside the tracked asset classes: 400 loans that carry codes outside the Kennewick-Richland table. The Kennewick-Richland class rows therefore describe a minority of Kennewick-Richland lending. The Kennewick-Richland class table opens with full-service restaurant, 33 loans, then gas station and truck stop with 18, and limited-service restaurant at 14. Further down sit beverage manufacturing (breweries, wineries, distilleries), 13 loans and dental office at 13. By county, Benton County, WA accounts for 435 loans and then Franklin County, WA at 152.

Kennewick-Richland: outcome rates, trend and data limits in Kennewick-Richland, WA

Of FY2017 to FY2024 approvals in Kennewick-Richland, no fewer than 12.0% were cancelled before the loan closed out; the 12.0% floor has no ceiling beside it, since Loan Analytics keeps that value back and offers no estimate of it. For the 236 loans disbursed in FY2017 to FY2021, Kennewick-Richland charge-offs to date are no smaller than 3.8%. The five-year rate is withheld since the cohort is below 30 Kennewick-Richland loans, which is why no figure appears. Older loans can still default, so these rates are floors and can merely rise. Annual approvals peaked in FY2025 at 80 loans and $37.1 million. Before FY2026 the weakest year was FY2020 (42 loans, $27.0 million). Membership in the Kennewick-Richland, WA metro area follows the project county: Benton County, WA, Franklin County, WA and the rest, the July 2023 delineation determines which counties belong, yet Kennewick-Richland counties that defy matching stay out of all totals.

Kennewick-Richland: demand, cost, coverage and appraisal in Kennewick-Richland, WA

A study for a Kennewick-Richland project has to be prepared for one site and one county, because the metro Kennewick-Richland area total blends different markets. In the Kennewick-Richland table the largest class is full-service restaurant, so the study should test Kennewick-Richland dining rooms and their weeknight trade, liquor licence timing and cost and the lunch and dinner balance. Projects in gas station and truck stop here depend on pump count against queues and on fuel gallons and inside sales. A Kennewick-Richland operator's coverage has to survive a weak year; the valuation must depend on nearby sales, not distant averages. Since Kennewick-Richland loans skew small, a larger request should explain why this project warrants it.