Riley County and its neighbors

Manhattan, in Riley County with Pottawatomie County and Geary County, has 158 SBA approvals for FY2017 to FY2026 and $52.9 million gross, rank 358 of 928; 145 are 7(a) and 13 are 504. Riley holds 107 loans, Pottawatomie 28 and Geary 23. Median loan in Manhattan: $150,000. Manhattan reads 0.72x against the national figure. Within Manhattan, half of loans are $51,075 to $350,000. The median loan is the distinctive metric for Manhattan. Brands hold 10.8% of the count. Riley County holds 107 of the 158 loans, so Manhattan is chiefly a Riley County record. Programs split 145 to 13 in favour of 7(a).

Only three classes are listed: full-service restaurant with 7 loans, and hotel and motel and limited-service restaurant with 5 each, against 113 loans outside the classes. Year by year, FY2017 brought 16 loans and $6.8 million, FY2018 a peak count of 23 loans for only $2.8 million, and FY2026 a low of 10 loans and $4.2 million. The FY2018 pairing, many loans for few dollars, shows how loan size can swing from year to year.

Manhattan lenders

Community First National Bank holds 32 loans and $4.4 million under 7(a), Outdoor Bank 24 loans and $3.3 million and Central National Bank 11 loans and $2.2 million. Frontier Financial Partners, Inc. holds 7 loans and $3.0 million on 504. Manhattan lists rest on SBA's holder records. Manhattan names hold or held these loans. Manhattan counts are volume, and Manhattan counts promise no lender requirement.

Manhattan floors, withheld rates, and the study

In Manhattan, cancellations ran at least 6.7%. That covers Manhattan approvals FY2017 to FY2024. Manhattan's ceiling is not printed, because too few loans support one and Loan Analytics holds such values back. Manhattan charge-offs are withheld. The Manhattan cohort is too thin; Manhattan is not a zero. Manhattan floors rise if open Manhattan loans go bad. Counties build Manhattan. By name, Manhattan matches each project's county; Manhattan follows the July 2023 delineation. Manhattan drops loans with unplaceable counties, and Manhattan counts approvals outside named classes. Manhattan work should set the site in its county before anything else, confirm that demand is real for the specific business, price the build or purchase carefully, stress debt service on lean revenue, and use local sales to support value. Daniel Smith, MAI, signs every Manhattan study. Loan Analytics prepares each Manhattan study.

SBA loans in the Manhattan, KS Metro Area

Loans approved, FY2017 to FY2026	158
Gross dollars approved	$52.9 million
Median loan	$150,000
Middle half of loans, from	$51,075
Middle half of loans, to	$350,000
SBA 7(a) loans	145
SBA 504 loans	13
Franchise share of loans	10.8%
Rank among metro and micro areas by loans	358 of 928
Median loan against the national median	0.72x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	6.7%
The same, counting loans still undisbursed as cancelled (a ceiling)	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 Manhattan, KS Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	16	$6.8 million
FY2018	23	$2.8 million
FY2019	23	$7.0 million
FY2020	15	$7.3 million
FY2021	16	$5.2 million
FY2022	17	$4.3 million
FY2023	12	$6.4 million
FY2024	12	$3.7 million
FY2025	14	$5.2 million
FY2026	10	$4.2 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	113
Full-service restaurant	7
Hotel and motel	5
Limited-service restaurant	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Frontier Financial Partners, Inc.	7	$3.0 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Community First National Bank	32	$4.4 million
Outdoor Bank	24	$3.3 million
Central National Bank	11	$2.2 million
Commerce Bank	8	$493,700
Landmark National Bank	7	$1.9 million

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.

Where the loans are, by county

County	Loans
Riley County, KS	107
Pottawatomie County, KS	28
Geary County, KS	23

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-31740.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Manhattan, KS Metro 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.

Daniel Smith, MAI

Feasibility Study Data for the Manhattan, KS Metro Area