Quick Service Restaurant Feasibility Study in the St. Louis, MO-IL Metro Area
What SBA's own loan files show about limited-service restaurant lending in the St. Louis, MO-IL Metro Area, and what a feasibility study for a project there has to test.
St. Louis: quick-service restaurant
St. Louis drew 165 quick-service restaurant loans worth $83.1 million between FY2017 and FY2026. St. Louis places 31 of 779 nationally for the class on 165 loans; in St. Louis, the class takes 2 of 39. In St. Louis, a quotient of 1.11x makes the class somewhat more common. St. Louis is told apart by rank and a 1.11x quotient, not by size at $331,000.
$331,000 is typical in St. Louis, in a middle half $150,000 to $591,000; against the national median that is 1.06x, a little above it. St. Louis lending ran 150 through 7(a) against 15 through 504. 55.8% of 165 St. Louis loans are franchised.
St. Louis's 7(a) table, 13 loans through Midwest Regional Bank, $6.1 million; 9 through The Huntington National Bank, $2.0 million; 6 through Justine Petersen Housing & Reinvestment Corporation, $738,900; 6 through U.S. Bank, National Association, $182,000; 5 through Peoples National Bank National Association, $5.3 million. St. Louis's 504 table, 9 St. Charles County Economic Development Council, $4.8 million. St. Louis: unnamed holders have under 5 loans. 165 loans in St. Louis, by county: St. Louis County, MO 52; St. Charles County, MO 37; St. Clair County, IL 22; St. Louis city, MO 13; Madison County, IL 12; Franklin County, MO 11; Jefferson County, MO 6.
Cancellations in St. Louis and charge-offs
In St. Louis, cancellations took 15.6% or more of St. Louis's FY2017 to FY2024 approvals, 15.6% with undisbursed loans counted. 74 FY2017 to FY2021 loans were disbursed; 8.1% or more have been charged off; St. Louis five-year measure: withheld, not zero. St. Louis floors rise as loans age. Of St. Louis's 165 loans, the high year held 21 in FY2021 and the low year 9 in FY2026; FY2026 shows 9 loans and $5.4 million. Yearly loan counts for St. Louis: FY2017 13, FY2018 20, FY2019 15, FY2020 20, FY2021 21, FY2022 17, FY2023 16, FY2024 19, FY2025 15, FY2026 9. Dollars by year: FY2017 $5.8 million, FY2018 $9.7 million, FY2019 $7.1 million, FY2020 $13.4 million, FY2021 $11.0 million, FY2022 $4.9 million, FY2023 $7.7 million, FY2024 $9.7 million, FY2025 $8.5 million, FY2026 $5.4 million.
St. Louis: testing the project
St. Louis's quotient, 1.11x: count rivals by drive time. Across 165 loans, drive through volume in St. Louis carries $331,000. St. Louis: facing slow starts, debt service holds with $83.1 million approved. For 165 loans in St. Louis, kitchen costs outside $150,000 to $591,000 need cases. For 165 approvals in St. Louis, appraisers split business from building. St. Louis approvals ran from 9 in FY2026 to 21 in FY2021; for St. Louis, plan for slow starts.
165 loans fall in St. Louis by project county. St. Louis follows July 2023 delineation by county. St. Louis leaves out unplaceable counties. No census here: 165 loans give St. Louis a guide only.
SBA limited-service restaurant loans in the St. Louis, MO-IL Metro Area
| Loans approved, FY2017 to FY2026 | 165 |
|---|---|
| Gross dollars approved | $83.1 million |
| Median loan | $331,000 |
| Middle half of loans, from | $150,000 |
| Middle half of loans, to | $591,000 |
| SBA 7(a) loans | 150 |
| SBA 504 loans | 15 |
| Franchise share of loans | 55.8% |
| Rank among metro and micro areas for limited-service restaurant loans | 31 of 779 |
| Rank of limited-service restaurant among the classes in this area | 2 of 39 |
| Location quotient (share of loans against the national share) | 1.11x |
| Median loan against the national median for the class | 1.06x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 15.6% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 15.6% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 8.1% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 74 |
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 limited-service restaurant loans approved in the St. Louis, MO-IL Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 13 | $5.8 million |
| FY2018 | 20 | $9.7 million |
| FY2019 | 15 | $7.1 million |
| FY2020 | 20 | $13.4 million |
| FY2021 | 21 | $11.0 million |
| FY2022 | 17 | $4.9 million |
| FY2023 | 16 | $7.7 million |
| FY2024 | 19 | $9.7 million |
| FY2025 | 15 | $8.5 million |
| FY2026 | 9 | $5.4 million |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| St. Charles County Economic Development Council | 9 | $4.8 million |
| Lender | Loans | Dollars |
|---|---|---|
| Midwest Regional Bank | 13 | $6.1 million |
| The Huntington National Bank | 9 | $2.0 million |
| Justine Petersen Housing & Reinvestment Corporation | 6 | $738,900 |
| U.S. Bank, National Association | 6 | $182,000 |
| Peoples National Bank National Association | 5 | $5.3 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 |
|---|---|
| St. Louis County, MO | 52 |
| St. Charles County, MO | 37 |
| St. Clair County, IL | 22 |
| St. Louis city, MO | 13 |
| Madison County, IL | 12 |
| Franklin County, MO | 11 |
| Jefferson County, MO | 6 |
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.
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 MA-41180-C35.
Related feasibility study pages
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- Feasibility Study Data for the St. Louis, MO-IL Metro Area
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- Missouri feasibility study consultant
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