Feasibility Study Data for the Pinehurst-Southern Pines, NC Metro Area

How big the Pinehurst-Southern Pines record is

For Pinehurst-Southern Pines, SBA's own files hold 129 approvals over FY2017 through FY2026, worth $111.3 million in gross approvals. Pinehurst-Southern Pines stands against all metro and micro areas, on volume, at rank 411 of 928. Half of Pinehurst-Southern Pines loans, the middle ones, runs from $150,000 to $912,000, about a median near $377,000; and the median sits at 1.81x the national median. By program, Pinehurst-Southern Pines shows 124 loans in 7(a) against 5 in 504. Franchises make up 20.9% of the record.

Pinehurst-Southern Pines: classes and places

Also, across the business classes we name for Pinehurst-Southern Pines, hotel and motel stands on top with 10 loans, and then full-service restaurant with 6. Beyond that, another 83 loans in Pinehurst-Southern Pines belong to no named class. Separately, the whole record in Pinehurst-Southern Pines sits in Moore County, NC, at 129 loans, which makes a study at a site here a matter of one county only.

Pinehurst-Southern Pines: who holds loans

Holders shown for Pinehurst-Southern Pines come from SBA's archived Pinehurst-Southern Pines records of the 129 loans in Pinehurst-Southern Pines, whoever holds or held them; the records show each position and offer nothing on lender standards. Next, in the 7(a) program near Moore County, NC, SBA lists Live Oak Banking Company ($19.9 million across 16 loans); after it, The Huntington National Bank, with 8 loans for $2.3 million. In the 504 program near Moore County, NC, the holders include Business Expansion Funding Corporation (5 loans, $6.5 million). An applicant in Pinehurst-Southern Pines can ask the Pinehurst-Southern Pines lender Live Oak Banking Company or other Pinehurst-Southern Pines holders near Moore County, NC what paperwork it wants, then shape the Pinehurst-Southern Pines study around those requests.

Pinehurst-Southern Pines: loss floors and years

Looking at Pinehurst-Southern Pines approvals from FY2017 through FY2024, at least 9.4% were cancelled after approval in Pinehurst-Southern Pines, and that is a floor; the full Pinehurst-Southern Pines rate can only be higher. Separately, no charge-off rate for Pinehurst-Southern Pines is not printed on the page, because too few Pinehurst-Southern Pines loans funded. That absence, near Moore County, NC, should never be read as no losses. Besides, on the calendar, Pinehurst-Southern Pines crested in FY2023 at 17 loans and $22.7 million, and bottomed out in FY2022 at 5 loans and $4.5 million.

Pinehurst-Southern Pines: testing a project

Around Moore County, NC, demand comes first: who works in Moore County, NC, who visits from nearby, set against Pinehurst-Southern Pines overall, and how much room 10 hotel and motel loans leave. On cost: $377,000 is the Pinehurst-Southern Pines median and $150,000 to $912,000 the middle half, so a Moore County, NC site should cost itself against this $377,000 benchmark. Separately, debt service: Pinehurst-Southern Pines coverage survives a slow year against plus the 9.4% rate of cancellation and charge-off rate for Pinehurst-Southern Pines, which is also held back since the cohort is thin. The Moore County, NC appraisal has to support the figure the loan uses. Pinehurst-Southern Pines relies on the July 2023 delineation; a file whose county has no match drops out of each area, Pinehurst-Southern Pines no exception, and the totals cover loans apart from the named classes.