Restaurant Feasibility Study in the Tulsa, OK Metro Area

Tulsa, OK: $34.5 million in full-service restaurant loans

Across FY2017 to FY2026, Tulsa, OK businesses in full-service restaurant drew 96 approvals summing to $34.5 million. Sizes center near $214,750, and the middle half fall between $121,250 and $506,750. Against the class nationally, Tulsa's median is 0.78x of the national median, below it.

Tulsa against the nation at 1.14x

7(a) outweighs the other program in Tulsa, 88 7(a) loans to 8 504 loans. Fixed assets sit with the 8 504 loans around Tulsa; the remaining 88 7(a) loans may stretch further, into working capital. Franchise loans are 15.6% of the Tulsa, OK record. Place in the national table: 55 of 821. Place among Tulsa classes: 1 of 39. At 1.14x on the location quotient, full-service restaurant is taking a bigger share of Tulsa lending than nationwide, which may mean demand and rivalry alike; a study checks that. The file sits in Tulsa County, OK, with 77 loans, and Wagoner County, OK, with 7.

Tulsa lenders, years and the $34.5 million record

By year, FY2017 tops the series with 15 loans and $2.9 million, while FY2020 trails with 5 and $1.9 million. A missing Tulsa, OK year is a disclosure limit for full-service restaurant, and never an absence of lending. In Tulsa, 7(a) loans sit mostly with Security Bank (OK) (14 loans, $8.3 million); BancFirst (9 loans, $4.0 million); First Pryority Bank (8 loans, $1.4 million). SBA's file ties 14 Tulsa, OK loans to Security Bank (OK) as current holder in Tulsa, OK; it says nothing of how Security Bank (OK) underwrites. Tulsa, OK cancellations are at least 8.3% of FY2017 to FY2024 approvals, with (96 loans in all) the ceiling held back. A loss rate for full-service restaurant in Tulsa would need a larger disbursed cohort than the 96 loans supply, so the rate stays withheld.

Testing a full-service restaurant project in Tulsa

Revenue around Tulsa rests on the pull of the neighborhood after dark, lunch and dinner traffic and how often a table turns, built from the ground up, not from 96 past loans. Then Tulsa costs: occupancy, kitchen and bar equipment and buildout, each checked for Tulsa and compared with the $214,750 median loan. Coverage in Tulsa is tested at $214,750, $121,250 and $506,750 alike, because the file spans that range. Tulsa appraisers will value the kitchen equipment across Tulsa, the building and the lease one (median $214,750) at a time, so the Tulsa study should do the same. 96 Tulsa loans inform the study here in Tulsa, yet approval of any Tulsa project turns on that (96 loans in all) project and its lender.

What the Tulsa figures cannot say about full-service restaurant

Tulsa, OK gets its 96 loans through each project's county. Matching Tulsa County, OK and its neighbors to Tulsa uses names under the July 2023 delineation. Tulsa cancellation covers FY2017 to FY2024 approvals in Tulsa; charge-offs cover FY2017 to FY2021 disbursements.