Feasibility Study Data for the Lubbock, TX Metro Area

Franchise-heavy West Texas

Lubbock leans on franchises, which hold 23.2% of loans. SBA approved 496 loans there across FY2017 to FY2026, $334.5 million gross, rank 168 of 928; 422 are 7(a) and 74 are 504. Median loan in Lubbock: $300,000. Lubbock reads 1.44x against the national figure. Within Lubbock, half of loans are $126,650 to $768,500.

Lubbock's named classes open with limited-service restaurant at 22 loans, ahead of full-service restaurant at 20, hotel and motel and fitness center at 17 each, and coffee shop and snack bar at 16; 330 loans sit outside them. Lubbock County has 463 loans, Hockley County 20 and Lynn County 7, so the record is nearly all one county. A franchise-heavy, limited-service-led record points a study toward royalty burden and delivery commissions as well as counter and drive-through traffic. Count was 53 loans and $30.3 million in FY2017, dropped to 29 loans and $11.1 million in FY2023, peaked at 71 loans and $41.1 million in FY2025 and ended at 51 loans and $45.9 million in FY2026.

Who holds the Lubbock loans

Cornerstone Capital Bank SSB leads 7(a) in Lubbock with 39 loans and $18.5 million; Wells Fargo Bank National Association has 27 loans and $3.8 million, and PlainsCapital Bank 22 loans and $5.4 million. Under 504, Caprock Business Finance Corporation, Inc. holds 48 loans and $36.0 million. Lubbock holders are in SBA's records. Lubbock: each name holds or held loans. Lubbock counts describe volume, not lender practice, and Lubbock counts state no requirement.

Lubbock floors, and the study to order

In Lubbock, cancellations ran at least 8.6%. That covers Lubbock approvals FY2017 to FY2024. Lubbock's ceiling is withheld, as Lubbock lacks loans to support one. In Lubbock, 211 funded loans show charge-offs. Lubbock floors them at 8.1% or more. Lubbock has 5.2% within five years. Lubbock floors rise if open Lubbock loans go bad. Counties build Lubbock. By name, Lubbock matches each project's county; Lubbock follows the July 2023 delineation. Lubbock drops loans with unplaceable counties, and Lubbock counts approvals outside named classes. A Lubbock study should test royalty cost against sales, site demand, build cost, debt service in a soft year and Lubbock County comparables for value. Daniel Smith, MAI, signs every Lubbock study. Loan Analytics prepares each Lubbock study.