Feasibility Study Data for the Montrose, CO Micro Area

Lending in outline for Montrose

118 loans for projects in Montrose, CO between FY2017 through FY2026 total $63.8 million gross. Beyond that, Montrose stands at 436 of 928 against all CBSAs by loan count. Beyond that, $251,500 stands as the central loan; the middle half extends from $51,100 to $574,250. For context, the median in Montrose stands at 1.21x of the median nationwide, leaving the typical loan ahead of the national norm. For context, Montrose reads only projects inside its borders, never a statewide average: 118 approvals altogether.

Who finances projects in Montrose

107 loans under 7(a) stand against 11 SBA 504 loans. Worth noting: 11.9% of the approvals belong to a franchise brand in this area. Here, for 7(a), the top lenders on loan count rank as Timberline Bank at 19 loans for $9.6 million, Wells Fargo Bank National Association at 19 loans worth $5.0 million, and Zions Bancorporation, National Association booking 16 loans totalling $3.2 million. Beyond that, no 504 lender in Montrose clears the listing bar. Next, all the names come from SBA records for 118 approvals; they record where loans sit, and in no way what lenders want near Montrose.

Counties, classes and yearly volume in Montrose

8 in hotel and motel, full-service restaurant with 7; and 5 for limited-service restaurant head the class list. In turn, 79 approvals sit apart from all named classes, so its $63.8 million total reaches beyond any class table. In addition, Montrose County carries every one of 118 approvals, so area and county match. In turn, over the approval years, FY2017 starts at 11 loans and $2.8 million; FY2026 is the peak at 22 loans and $15.4 million, so the latest year in the run is also the largest.

What the floors allow in Montrose

12.9% of FY2017 to FY2024 loans in Montrose have been cancelled before disbursement, a floor; 12.9% marks the ceiling with undisbursed loans included. Also, no charge-off floor is given for Montrose, CO; the cohort of disbursed loans is too small, and the gap does not mean zero. Also, treat every rate above as a minimum, since approvals made recently received little opportunity to cancel or default, across 118 loans. In practice, an area here rests on the statistical area of the loan's home county, from July 2023 boundaries as issued; the counties are tied by name, while an approval whose project county cannot be placed never counts in each area list without exception. Beyond that, classed or unclassed, any 7(a) or 504 loan in Montrose counts within its $63.8 million total.

Testing a project in Montrose

In Montrose, a study of a site starts from the subject property, not from the 118-loan file. Market demand in Montrose is tested first: can Montrose's trade area carry the receipts projected, net of nearby competition in and near Montrose County? Next, the local median runs 1.21x compared with the median nationwide, so local build costs may sit above norms; cost the actual scope against tenders from nearby firms. Also, coverage of debt service binds sales to outlay for Montrose: forecast income set against the debt payments, and a stress case. Beyond that, the valuation settles the question in Montrose: value as built has to cover the loan asked for. A sponsor holding an outside feasibility study of Montrose, before speaking with the lenders above, has answered these rates in advance; approval rests with the lender and SBA in Montrose, never the study.