Quick Service Restaurant Feasibility Study in the Salt Lake City-Murray, UT Metro Area

Sizing up 117 Salt Lake City, UT loans

Across FY2017 to FY2026, Salt Lake City, UT businesses in limited-service restaurant received 117 approvals totaling $57.3 million. A typical loan is $350,000; the middle half runs $150,000 to $649,300. Beside the class nationally, Salt Lake City's median is 1.13x of the national median, above it.

Where Salt Lake City-Murray stands, 2 of 39 in class

Counting Salt Lake City, UT by program, 7(a) has 108 loans and 504 has 9, so 7(a) is bigger. 37.6% of Salt Lake City, UT loans went to franchised units. Salt Lake City stands 40 of 779 for limited-service restaurant among all metro and micro areas here in Salt Lake City, UT, and within Salt Lake City, UT the class is 2 of 39. The Salt Lake City quotient is 0.75x, which puts the class lighter in Salt Lake City than nationwide. The Salt Lake City, UT county list is short: Salt Lake County, UT at 105 loans, Tooele County, UT at 12.

Salt Lake City lenders, years and the $57.3 million file

By year, FY2026 leads with 21 loans and $11.8 million, while FY2021 is lowest with 8 and $5.9 million. Loan Analytics withholds years with few Salt Lake City loans from the series and does not count them as zero. Salt Lake City 7(a) holders, ranked by loans: Mountain America FCU (15 loans, $3.4 million); America First Federal Credit Union (10 loans, $5.2 million); Zions Bancorporation, National Association (10 loans, $4.5 million). Mountain America FCU holds more loans, while America First Federal Credit Union holds more dollars. The 15 loans at Mountain America FCU come from SBA's file on current and former holdings, and Mountain America FCU's practices are not described. For 504, Mountain West Small Business Finance, 9 loans, $9.2 million lead the Salt Lake City list. The Salt Lake City-Murray cancellation floor is 13.1%; if undisbursed loans count as cancelled the ceiling is 13.1%. A loss rate for limited-service restaurant in Salt Lake City would need a larger disbursed cohort than 117 loans offer, so Loan Analytics withholds the charge-off rate.

The Salt Lake City-Murray study: demand, cost, coverage, appraisal at $649,300

A Salt Lake City-Murray study starts with the daypart mix, commuter flow past the site and delivery and pickup demand; the 117-loan file is no substitute for them. Cost comes next: the Salt Lake City, UT study prices a labor model for peak hours, the equipment package and the pad or buildout against Salt Lake City lease terms and Salt Lake City contractors. A loan near $350,000 in Salt Lake City still needs earnings that hold through a soft year. The appraiser checks Salt Lake City collateral too, namely franchise-dependent business value, the equipment package and the pad or building; a Salt Lake City, UT study anticipates each. The 117 loans inform the study, but each approval stands on its own project and its own lender.

How to read Salt Lake City's $57.3 million

The project county puts each of Salt Lake City, UT's 117 loans in the area. Counties such as Salt Lake County, UT join Salt Lake City-Murray by name under the July 2023 delineation. Salt Lake City cancellation covers FY2017 to FY2024 approvals in Salt Lake City; charge-offs cover FY2017 to FY2021 disbursements.