Feasibility Study Data for the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area

How big lending runs in Nashville-Davidson--Murfreesboro--Franklin

2,844 SBA loans within Nashville-Davidson--Murfreesboro--Franklin, TN over FY2017 to FY2026 add up to $1.72 billion gross. Beyond that, Nashville-Davidson--Murfreesboro--Franklin sits at 44 of 928 among the full set of CBSAs counted by loans. In turn, $250,000 sets the midpoint; the central half spans $75,000 to $645,750. Also, the median in Nashville-Davidson--Murfreesboro--Franklin stands at 1.20x in proportion to the country's median, which puts ticket size over what the country sees. Beyond that, Nashville-Davidson--Murfreesboro--Franklin is limited to the counties in its area, unlike a state page, which gives a mix of unrelated markets: 2,844 loans in total.

Who finances projects in Nashville-Davidson--Murfreesboro--Franklin

2,771 loans in 7(a) stand against 73 loans under 504. For context, 20.8% of the approvals belong to franchisees in Nashville-Davidson--Murfreesboro--Franklin. In addition, within 7(a) cases, the biggest names by loans stand as U.S. Bank, National Association with 428 loans for $74.8 million, The Huntington National Bank with 249 loans totalling $95.9 million, followed by Pinnacle Bank (TN) with 181 loans for $180.4 million. In addition, within 504 approvals, the busiest CDCs on loan count stand as Brightbridge, Inc. with 40 loans and $66.9 million then South Central Tennessee Business Development Corporation holding 16 loans and $25.1 million. Beyond that, lender names follow SBA files on 2,844 loans; they show loans held and nothing further, not what lenders apply around Nashville-Davidson--Murfreesboro--Franklin.

The classes behind the loans in Nashville-Davidson--Murfreesboro--Franklin

Limited-service restaurant with 129, 125 in full-service restaurant, fitness center with 109, plus dental office at 54 rank first by class by approvals. In practice, 2,059 loans fall apart from the named classes, so its $1.72 billion total covers more than the class list. Worth noting: 5 approvals in data center across Nashville-Davidson--Murfreesboro--Franklin make too small a base to read as a trend. Looking at counties, Davidson County (1,168), Williamson County (583); and Rutherford County (355) take the largest shares. For context, taking each approval year, FY2017 starts at 184 loans and $112.9 million; FY2025 is the high point at 464 loans and $254.7 million, then FY2026 completes the file at 387 loans and $244.2 million.

What the floors allow in Nashville-Davidson--Murfreesboro--Franklin

11.7% among FY2017 to FY2024 loans in Nashville-Davidson--Murfreesboro--Franklin were cancelled before they funded, and that is a floor; 13.4% is the ceiling with undisbursed loans included. Separately, 6.5% among FY2017 to FY2021 disbursed loans in Nashville-Davidson--Murfreesboro--Franklin were charged off, a floor; 3.8% were charged off within five years of being approved, in a cohort of 893 loans. Also, treat each share in this section as a lower bound, because approvals made lately have had scant opportunity to cancel or go bad; the file has 2,844 loans in all. For context, each area in this file follows the statistical area holding any loan's home county, from the July 2023 definitions as issued; counties were matched on name, while any loan whose site county falls in no CBSA is excluded from every area. Separately, counting every class and none, each approval in either program in Nashville-Davidson--Murfreesboro--Franklin is added toward its $1.72 billion total.

The feasibility questions for Nashville-Davidson--Murfreesboro--Franklin

Throughout Nashville-Davidson--Murfreesboro--Franklin, a study covering a project begins with the actual proposal, never the 2,844-loan file. In turn, market demand in Nashville-Davidson--Murfreesboro--Franklin leads the work: can Nashville-Davidson--Murfreesboro--Franklin's trade area carry the turnover planned, measured against nearby supply in and near Davidson County? The area median comes to 1.20x of the nation's median, so test the real scope against offers from local contractors. Debt service coverage links demand to cost for Nashville-Davidson--Murfreesboro--Franklin: projected operating income tested against loan payments, with a case of falling revenue. Then the appraisal closes the loop in Nashville-Davidson--Murfreesboro--Franklin: the as-built value has to bear the sum asked for. Worth noting: a sponsor carrying a third-party report of Nashville-Davidson--Murfreesboro--Franklin, ahead of calling on any lender, addresses the floors before they are raised; approval rests with the lender and the SBA guarantee office for Nashville-Davidson--Murfreesboro--Franklin, never the study.