Where nearly a quarter of approvals fall away

The first thing to notice about Newport, OR is the cancellation record. Across approvals dated FY2017 to FY2024, SBA's files show 23.7% cancelled as a floor, and adding loans never disbursed still gives 23.7%, so floor and ceiling meet. Floor and ceiling being equal, the figure is a single value rather than a range. Newport is a micropolitan area made up of Lincoln County, OR, with 219 loans and $83.6 million, ranking 298 of 928 by loans across FY2017 to FY2026.

Median borrowing is $25,000, the same figure at which the central half of loans begins; the upper edge of that band is $192,750. Against the national median the ratio is 0.12x. Put plainly, at least half of Newport's loans are smaller than the sums needed for most building projects. Of the total, 206 are 7(a) and 13 are 504, with Cascade Capital Funding the one 504 holder listed, at 5 loans worth $5.7 million. Franchise brands appear in 6.8% of loans.

Lodging first

Lodging is the largest tracked class, with 21 loans for hotel and motel; full-service restaurant follows with 12, and beauty salon and coffee shop and snack bar close the list at 5. The remaining 151 loans sit outside every class we track. Lodging leads the tracked classes, ahead of restaurants and personal-service shops.

These are SBA's holder entries, naming where loans sit and nothing about a bank's manner of lending. Columbia Bank (OR) holds 84 7(a) loans worth $8.2 million, with 28 more at U.S. Bank, National Association worth $5.6 million, Readycap Lending, LLC 7 worth $3.2 million and Celtic Bank Corporation 5 worth $12.6 million. Celtic Bank Corporation's dollars per loan dwarf the others.

Where the charge-off rate went, and what a study must do

Newport's charge-off rate stays unpublished, the group behind it being tiny; no number appears and it is not zero. Approvals ranged from 8 loans in FY2017 to 36 in FY2022. A study here has to deal with the cancellation floor first: it should show why this loan will close when so many do not. Then comes demand in Lincoln County, cost against loans of modest size, and the appraisal. The 2023 delineation sets the county. This page gives background to lenders and borrowers and promises nothing.

SBA loans in the Newport, OR Micro Area

Loans approved, FY2017 to FY2026	219
Gross dollars approved	$83.6 million
Median loan	$25,000
Middle half of loans, from	$25,000
Middle half of loans, to	$192,750
SBA 7(a) loans	206
SBA 504 loans	13
Franchise share of loans	6.8%
Rank among metro and micro areas by loans	298 of 928
Median loan against the national median	0.12x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	23.7%
The same, counting loans still undisbursed as cancelled (a ceiling)	23.7%
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 Newport, OR Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	8	$13.4 million
FY2018	30	$11.6 million
FY2019	12	$10.3 million
FY2020	16	$5.2 million
FY2021	30	$11.8 million
FY2022	36	$8.3 million
FY2023	23	$6.4 million
FY2024	22	$3.2 million
FY2025	19	$6.4 million
FY2026	23	$6.9 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	151
Hotel and motel	21
Full-service restaurant	12
Beauty salon	5
Coffee shop and snack bar	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
Cascade Capital Funding	5	$5.7 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Columbia Bank (OR)	84	$8.2 million
1st Security Bank of Washington	47	$1.1 million
U.S. Bank, National Association	28	$5.6 million
Readycap Lending, LLC	7	$3.2 million
Celtic Bank Corporation	5	$12.6 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
Lincoln County, OR	219

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-35440.

Related feasibility study pages

Worked examples

Worked Example: USDA B&I Gas Station Feasibility Study in Oregon

A worked example of the feasibility study a lender would read for a gas station project in Oregon, financed with a USDA Business and Industry guaranteed loan.

State: Oregon · Asset: Gas station · Program: USDA Business and Industry

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Newport, OR 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.

Daniel Smith, MAI

Feasibility Study Data for the Newport, OR Micro Area