Feasibility Study Data for the Memphis, TN-MS-AR Metro Area

Memphis: volume, rank and loan size

$783.0 million over 1,135 loans is the Memphis total, FY2017 through FY2026. By loan count, Memphis stands 86 of 928 among all areas. Half the Memphis loans are $325,000 or smaller. For Memphis, the middle half lies at $142,000 to $775,000. Memphis: 1.56x of the national median. Memphis splits into 1,112 loans under 7(a) and 23 under 504. Franchise brands account for 24.2% of Memphis loans. $783.0 million is the Memphis dollar total.

Memphis: asset mix and geography

Class by class, Memphis shows full-service restaurant (66), limited-service restaurant (53), and hotel and motel (46) on top. Fourth in Memphis is gas station and truck stop, with 33 loans. 743 loans in Memphis fit no class, so Memphis class patterns say less. The counties carrying most Memphis loans: Shelby County, TN (857), DeSoto County, MS (175), and Crittenden County, AR (27). At the other end, Tunica County, MS holds 10 loans, a sign that Memphis is not one market.

Memphis: who holds the loans

Memphis holders are not always Memphis originators. Memphis 7(a) holders include 102 loans at Pinnacle Bank (TN) ($97.7 million) and 52 loans at Northeast Bank (ME) ($7.1 million). Memphis holders under 504 include 7 loans at Brightbridge, Inc. ($11.3 million) and 5 loans at South Central Tennessee Business Development Corporation ($8.8 million). A Memphis borrower reads these rows as context. Memphis rows promise no one a loan.

Memphis: cancellations and charge-offs

Memphis cancellation, FY2017 to FY2024 approvals: 12.3%. It is a floor for Memphis. Treating undisbursed Memphis loans as cancelled gives 12.9%, the ceiling. 443 Memphis loans make the FY2017 to FY2021 cohort; 7.0% are charged off, a floor. The Memphis five-year figure is 4.3%. Memphis rates are floors. Loans season, and Memphis events can still raise them. Memphis is built from county names. Memphis follows the July 2023 delineation. A county without a match leaves Memphis. The Memphis total includes loans outside the classes.

Memphis: what a study has to test

The Memphis trend peaks in FY2025 with 143 loans ($96.2 million) and bottoms in FY2020 with 68 ($51.5 million). The first year, FY2017, shows 87 loans and $46.4 million for Memphis. FY2026 closes the Memphis series at 141 loans, $99.0 million. A Memphis feasibility study tests demand first, from Shelby County, TN outward, not from the area average. The Memphis budget is priced against a $325,000 median. Memphis sits at 1.56x nationally; site, build and equipment all count. Memphis debt service gets a rate shock. The Memphis floors above explain the caution. A final Memphis check sets appraised value against cost. Absorption near Shelby County, TN is tested for Memphis on a slow case. Beside Shelby County, TN findings, the Memphis study lists what it could not test.