What SBA's own loan files show about lending in the Mount Airy, NC Micro Area, every asset class together, and what a feasibility study for a project there has to test.
Mount Airy drew 182 SBA approvals across FY2017 to FY2026, worth $63.5 million gross. Its loan-count rank is 333 of 928; Mount Airy is one of those areas. Half the Mount Airy loans are $147,500 or smaller. For Mount Airy, the middle half lies at $62,250 to $411,125. 0.71x is the Mount Airy median set beside the national one. The Mount Airy program split is withheld, with too few Mount Airy loans behind one program. Franchise brands account for 4.9% of Mount Airy loans. $63.5 million is the Mount Airy dollar total.
Mount Airy class leaders by loans: limited-service restaurant (5). 157 loans in Mount Airy fit no class, so Mount Airy class patterns say less. SBA locates every Mount Airy loan in Surry County, NC, 182 in all.
In Mount Airy, a holder can differ from the maker. Mount Airy 7(a) holders include First Community Bank (VA) with 145 loans ($45.2 million) and Truist Bank with 6 loans ($2.5 million). No Mount Airy 504 lender meets the listing minimum. A Mount Airy borrower reads these rows as context. No Mount Airy row states a holder's terms.
Mount Airy cancellation, FY2017 to FY2024 approvals: 8.9%. It is a floor for Mount Airy. Treating undisbursed Mount Airy loans as cancelled gives 8.9%, the ceiling. No Mount Airy charge-off rate prints. The Mount Airy cohort is below the minimum. Read Mount Airy as neither zero nor clean. A lender reading Mount Airy takes both rates as the least. Mount Airy history only grows. County names place the Mount Airy loans. The July 2023 delineation defines Mount Airy. Unmatched counties drop out of Mount Airy. Mount Airy totals hold untracked-class loans too.
By year, FY2018 was busiest for Mount Airy, at 33 loans and $3.5 million, and FY2020 quietest, at 8 loans and $2.0 million. FY2017 opened the Mount Airy series with 31 loans ($4.7 million). The latest year, FY2026, shows 21 loans and $11.2 million for Mount Airy. In Mount Airy, demand testing starts with Surry County, NC and the businesses already serving it. Mount Airy costs sit beside a $147,500 median. Mount Airy stands at 0.71x nationally. Mount Airy coverage cannot assume smooth sailing. Mount Airy floors say why. Mount Airy value is tested against cost by appraisal. Mount Airy comparables decide how. Absorption near Surry County, NC is tested for Mount Airy on a slow case. The Mount Airy study states its limits beside Surry County, NC findings.
| Loans approved, FY2017 to FY2026 | 182 |
|---|---|
| Gross dollars approved | $63.5 million |
| Median loan | $147,500 |
| Middle half of loans, from | $62,250 |
| Middle half of loans, to | $411,125 |
| SBA 7(a) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | 4.9% |
| Rank among metro and micro areas by loans | 333 of 928 |
| Median loan against the national median | 0.71x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 8.9% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 8.9% |
| 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 Mount Airy, NC Micro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 31 | $4.7 million |
| FY2018 | 33 | $3.5 million |
| FY2019 | 21 | $8.0 million |
| FY2020 | 8 | $2.0 million |
| FY2021 | 14 | $10.4 million |
| FY2022 | 13 | $4.7 million |
| FY2023 | 12 | $7.4 million |
| FY2024 | 14 | $4.9 million |
| FY2025 | 15 | $6.6 million |
| FY2026 | 21 | $11.2 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 157 |
| Limited-service restaurant | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| First Community Bank (VA) | 145 | $45.2 million |
| Truist Bank | 6 | $2.5 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.
| County | Loans |
|---|---|
| Surry County, NC | 182 |
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-34340.
A worked example of the feasibility study a lender would read for a hotel project in North Carolina, financed with a conventional bank loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Mount Airy, NC Micro 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.
Start with the data.
Contact Us