Feasibility Study Data for the Redding, CA Metro Area

Plumas Bank and a roadside economy

Redding is Shasta County, CA alone, with 462 loans, $269.5 million, and a rank of 179 of 928 across FY2017 to FY2026. The tracked list opens with gas station and truck stop at 23 loans, then hotel and motel at 20, full-service restaurant at 16 and limited-service restaurant at 15. Dental office and automotive mechanical repair show 11 each, and assisted living 8. A total of 299 loans fall in no tracked class. One 7(a) holder towers over the rest: Plumas Bank has 156 loans worth $66.2 million.

Borrowers take a $252,000 median, 1.21x the country's, and loans in the middle band lie between $100,000 and $627,000; 10.6% are franchise brands. Programme mix is 367 under 7(a) and 95 under 504, a meaningful real estate share. Superior California Economic Development, Inc. is holder of 40 loans for $20.5 million and Greater Sacramento Certified Development Corporation 34 worth $21.2 million, with The Mortgage Capital Development Corporation holding 8 worth $10.1 million. Shasta County holds every one of the 462 loans, which gives a study one jurisdiction to examine but no neighbouring county to compare.

The other 7(a) holders

SBA names present holders of loans and these names say where paper sits. After Plumas Bank, U.S. Bank, National Association holds 21 loans worth $8.1 million, Columbia Bank (OR) 20 worth $6.0 million, then Tri Counties Bank at 18 worth $2.7 million, with 15 loans for $2.1 million at Wells Fargo Bank National Association. Nothing here describes how any of them underwrites a request.

Redding's cancellation floor is 8.4% for approvals up to FY2024, and 10.1% if undisbursed loans are counted. Across 234 funded loans, 2.1% show a charge-off, a floor. SBA gives Redding no five-year rate, and none is printed here. Approvals ranged from 36 loans in FY2023 to 58 in FY2018, with FY2021 the largest in dollars at $50.3 million.

What a Redding study has to test

Demand should be checked against the traffic and trade patterns around the specific site in Shasta County, competing supply weighed in the leading roadside and lodging classes, and coverage sized against the light floors shown. With a single bank dominating 7(a), it is also fair to ask how a request would look to other lenders. Valuation closes the analysis, and the 2023 delineation assigns the county. Nothing here assures an outcome.