Feasibility Study Data for the Kingsport-Bristol, TN-VA Metro Area

What the record shows for Kingsport-Bristol

226 approvals within Kingsport-Bristol, TN-VA from FY2017 through FY2026 come to $137.9 million in gross dollars. Kingsport-Bristol sits at 292 of 928 among all core-based areas counted by loans. Beyond that, $250,000 is the middle loan; the inner half falls between $100,000 and $623,000. In practice, the median in Kingsport-Bristol stands at 1.20x compared with the median nationwide, which puts ticket size above the figure for the nation. In practice, Kingsport-Bristol keeps to the counties in its area, not the mix a statewide page shows: 226 approvals in total.

Who finances projects in Kingsport-Bristol

217 SBA 7(a) loans stand against 9 loans in 504. 14.6% of all approvals belong to franchised units here. Here, under 7(a) lending, the leading names by count appear as The First Bank and Trust Company with 82 loans and $26.5 million, First Community Bank (VA) booking 17 loans worth $6.0 million, then U.S. Bank, National Association holding 10 loans totalling $1.4 million. Next, no development company in Kingsport-Bristol reaches the listing threshold. Here, lender names are taken from SBA data for 226 loans; they show loans approved alone, never the standards that lenders apply in Kingsport-Bristol.

Classes, counties and the unclassified bulk in Kingsport-Bristol

14 in hotel and motel, 10 for full-service restaurant, 7 for coffee shop and snack bar, followed by automotive mechanical repair at 6 come first among the classes. Beyond that, 152 loans lie beyond every named class, so the Kingsport-Bristol total covers more than any class table. Also, 5 approvals in fitness center inside Kingsport-Bristol are too few for a trend. In practice, looking at counties, Sullivan County (92), Washington County (79), then Bristol city (29) head the county list. TN and VA are both in Kingsport-Bristol, TN-VA, so lenders may differ across the line. In addition, across the years, FY2017 starts at 15 loans and $8.2 million; FY2022 is the high point at 33 loans and $13.6 million, while FY2026, a part year, finishes the file at 15 loans and $9.3 million.

What the floors allow in Kingsport-Bristol

16.2% of FY2017 to FY2024 approvals in Kingsport-Bristol have been cancelled before funding, a floor. The upper figure for Kingsport-Bristol stays withheld, leaving the floor alone. Then, 0.00% of FY2017 through FY2021 disbursed loans in Kingsport-Bristol were charged off, which is a floor; 0.00% went to charge-off within five years post-approval, out of 82 loans. Next, take every rate printed here like a lower bound, because loans approved recently received limited opportunity to cancel or go bad, across 226 loans. A Kingsport-Bristol entry in this file follows the CBSA holding a loan's home county, on July 2023 boundaries as adopted; every county get matched by name, while a record whose home county cannot be placed drops out of all areas as a rule. Inside and outside the classes, each 7(a) and 504 approval across Kingsport-Bristol is added into its $137.9 million total.

The feasibility questions for Kingsport-Bristol

In Kingsport-Bristol, an independent study of a property should open with the specific operator, and not the 226-loan file. Customer demand in Kingsport-Bristol is tested first: will Kingsport-Bristol's household base sustain the revenue assumed, against competitors in areas such as Sullivan County? In turn, the local median is 1.20x against the median nationwide, so costs here may run higher; price the real scope against offers from area builders. Then, the coverage test joins sales to outlay in Kingsport-Bristol: expected net income measured on the debt payments, with a case of falling revenue. Also, the valuation completes the test for Kingsport-Bristol: value as built has to cover the amount put forward. Separately, a borrower holding an independent written study for Kingsport-Bristol, ahead of meeting a lender, has answered those floors early; approval stays with the lender and the agency in Kingsport-Bristol, not the author of a study.