Restaurant Feasibility Study in the Greeley, CO Metro Area

Greeley: restaurants first, in a one-county record

Between FY2017 and FY2026, Greeley borrowers received 47 SBA-approved full-service restaurant loans worth $24.0 million. Greeley ranks 103 of 821 areas, yet the restaurants here top the local order, 1 of 39. Relative to the national mix, full-service restaurant is modestly overweight in Greeley, with a location quotient of 1.16x. Weld County, CO carries 47 of the loans.

A Greeley loan at the midpoint is $374,000, and the middle half spans $192,500 to $655,000. Against the national class median, Greeley stands at 1.36x, so loans run larger than usual. Programs split 37 to 10, 7(a) against 504, across Greeley. 17.0% of Greeley borrowers operate under a franchise.

Three lenders, one clear leader

In Greeley the longest list of loans sits with The Huntington National Bank, while First National Bank of Omaha carries the higher average per loan. Under 7(a), SBA lists $2.5 million across 8 loans at The Huntington National Bank, $2.3 million across 5 loans at First National Bank of Omaha, and $1.4 million across 5 loans at KeyBank National Association. What follows for Greeley is a ledger of holdings, leaving standards unaddressed.

Neither floor nor loss rate shows for Greeley, and blanks are not zeros. The yearly record includes FY2025, 15 loans and $8.5 million and FY2026, 6 loans and $3.1 million. For Greeley, omitted years rest on thin counts. No cancellation rate is reported for Greeley: fewer than 30 loans make up the cohort. Greeley figures cover only placeable counties, so tallies may fall short.

Greeley: what the study must test

Because the dollar totals concentrate in the last two fiscal years on record, the study should check how much of the local appetite is recent and whether new competing rooms have opened or are under construction in Weld County. Demand should be built by daypart from households and workers near the site, with weekday lunch tested apart from weekend dinner. A median loan of $374,000 sets a budget that has to cover kitchen equipment, build-out per seat and opening inventory with a contingency. Debt service needs a soft first year and a seasonal dip. Valuation separates property from going-concern value and shows its comparable sales. The study should also document the utility and permit status of the site, since delays in a build or major renovation push revenue back while rent and interest continue.