What SBA's own loan files show about lending in the Kill Devil Hills, NC Micro Area, every asset class together, and what a feasibility study for a project there has to test.
$76.4 million over 114 loans is the Kill Devil Hills total, FY2017 through FY2026. By loan count, Kill Devil Hills stands 445 of 928 among all areas. Kill Devil Hills loans center on $300,000, the median. Middle half in Kill Devil Hills: $86,500 to $816,025. The Kill Devil Hills median sits at 1.44x nationally. Program mix for Kill Devil Hills: 89 7(a), 25 504. The Kill Devil Hills franchise share is withheld; Kill Devil Hills has too few loans behind it. $76.4 million is the Kill Devil Hills dollar total.
Kill Devil Hills leaders: full-service restaurant (19), then hotel and motel (11), then limited-service restaurant (6). The Kill Devil Hills record also holds 64 loans in no tracked class. Kill Devil Hills consists of Dare County, NC, where SBA places 114 loans.
These Kill Devil Hills tables show SBA's holders, not verdicts. Kill Devil Hills lists, for 7(a), TowneBank (11 loans, $7.7 million) and First Bank (NC) (10 loans, $8.7 million). Kill Devil Hills holders under 504 include 17 loans at 504 Capital Corporation ($12.4 million) and 8 loans at Business Expansion Funding Corporation ($8.2 million). For a Kill Devil Hills borrower, these rows give background only. No Kill Devil Hills row recommends any institution.
No Kill Devil Hills cancellation rate prints. Kill Devil Hills approvals are few; the gap is not zero. No Kill Devil Hills charge-off rate prints. The Kill Devil Hills cohort is below the minimum. Read Kill Devil Hills as neither zero nor clean. Treat Kill Devil Hills rates as floors. Later events lift them, Kill Devil Hills included. Kill Devil Hills loans are placed by county name. For Kill Devil Hills, the July 2023 list governs. Kill Devil Hills omits loans with no county match. The Kill Devil Hills total includes loans outside the classes.
Kill Devil Hills approvals were thinnest in FY2019 (8 loans, $7.2 million) and heaviest in FY2026 (16 loans, $7.7 million). FY2017 opened the Kill Devil Hills series with 14 loans ($2.2 million). The latest year, FY2026, shows 16 loans and $7.7 million for Kill Devil Hills. A Kill Devil Hills study weighs local demand against Dare County, NC competitors, not national patterns. Kill Devil Hills costs sit beside a $300,000 median. Kill Devil Hills stands at 1.44x nationally. A Kill Devil Hills study runs coverage on a slow ramp. Kill Devil Hills history of cancellations argues for it. Kill Devil Hills value is tested against cost by appraisal. Kill Devil Hills comparables decide how. Absorption near Dare County, NC is tested for Kill Devil Hills on a slow case. The Kill Devil Hills study states its limits beside Dare County, NC findings.
| Loans approved, FY2017 to FY2026 | 114 |
|---|---|
| Gross dollars approved | $76.4 million |
| Median loan | $300,000 |
| Middle half of loans, from | $86,500 |
| Middle half of loans, to | $816,025 |
| SBA 7(a) loans | 89 |
| SBA 504 loans | 25 |
| Franchise share of loans | withheld |
| Rank among metro and micro areas by loans | 445 of 928 |
| Median loan against the national median | 1.44x |
| 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 Kill Devil Hills, NC Micro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 14 | $2.2 million |
| FY2018 | 10 | $3.5 million |
| FY2019 | 8 | $7.2 million |
| FY2020 | 12 | $8.5 million |
| FY2021 | 9 | $4.3 million |
| FY2022 | 11 | $11.7 million |
| FY2023 | 10 | $14.2 million |
| FY2024 | 14 | $3.7 million |
| FY2025 | 10 | $13.5 million |
| FY2026 | 16 | $7.7 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 64 |
| Full-service restaurant | 19 |
| Hotel and motel | 11 |
| Limited-service restaurant | 6 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| 504 Capital Corporation | 17 | $12.4 million |
| Business Expansion Funding Corporation | 8 | $8.2 million |
| Lender | Loans | Dollars |
|---|---|---|
| TowneBank | 11 | $7.7 million |
| Southern Bank and Trust Company | 11 | $1.2 million |
| First Bank (NC) | 10 | $8.7 million |
| Live Oak Banking Company | 8 | $11.9 million |
| PNC Bank, National Association | 8 | $885,500 |
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 |
|---|---|
| Dare County, NC | 114 |
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-28620.
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 Kill Devil Hills, NC 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.
Start with the data.
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