Feasibility Study Data for the Owensboro, KY Metro Area

Owensboro scale: counts, dollars and typical loans in Owensboro, KY

Project sites in Owensboro drew 123 SBA approvals across the Owensboro, KY metro area from FY2017 through FY2026, for $67.1 million gross. By loan count, Owensboro ranks 426 of 928 against every other statistical area, Owensboro among them. The median ticket in Owensboro is $250,000, with half of all loans between $50,500 and $675,000. The Owensboro median is 1.20x the national median.

Owensboro, KY: program mix and lender names serving Owensboro

117 of the Owensboro approvals were 7(a) loans and 6 were 504 Owensboro loans, which makes 7(a) the program most Owensboro borrowers use. The franchise share of Owensboro loans is 19.5%. Among 7(a) Owensboro holders, U.S. Bank, National Association sits first, at 27 loans and $3.3 million. Second place is Old National Bank: 14 loans, $7.1 million. Further down, Live Oak Banking Company shows 8 loans, then 8 for First Financial Bank, National Association. No 504 holder in Owensboro reaches the five-loan Owensboro line needed to be named. Each Owensboro lender named reflects loans SBA lists as held, now or earlier. U.S. Bank, National Association appears as the Owensboro holder SBA reports; the Owensboro list neither praises nor faults any holder.

Owensboro, KY: the class table and county table for Owensboro

Most of the Owensboro total sits outside the tracked asset classes: 76 loans under other industry codes. Class Owensboro figures here cover only part of the Owensboro area. Limited-service restaurant is the largest tracked Owensboro class, at 7 loans, ahead of full-service restaurant at 6.

Owensboro, KY: how to read Owensboro cancellations and charge-offs

In Owensboro, at least 9.9% of Owensboro loans approved Owensboro from FY2017 to FY2024 were cancelled after credit approval; Loan Analytics withholds the ceiling beside the 9.9% floor because too few loans stand behind it. The Owensboro charge-off rate is withheld: too few Owensboro loans reached the funded cohort, so Owensboro gets no Owensboro rate, and a blank never means none. FY2024 was the high point: 22 loans worth $8.0 million. Before FY2026, FY2018 had the fewest loans: 7, worth $3.9 million. Owensboro is built from project counties such as Owensboro, KY, counties are assigned under the July 2023 Owensboro delineation, with Owensboro counties matched by name.

Owensboro, KY: what an Owensboro feasibility study has to test

In Owensboro, a report has to be prepared for the particular Owensboro county, because area totals mix several markets. With limited-service restaurant first in the Owensboro class table, the study should test franchise fees against thin margins, build-out Owensboro cost for a small box and drive-through and counter throughput. For full-service restaurant, the next Owensboro class in Owensboro, turn on seats against realistic covers, with liquor licence timing and cost close behind. Debt service coverage in Owensboro must hold in a soft year; comparable transactions near the Owensboro site must support the value. Since Owensboro loans skew large, the Owensboro study should tie the amount to the Owensboro project and not to the area.