Feasibility Study Data for the Roanoke, VA Metro Area

Roanoke, VA: reading the area whole

Roanoke, VA is a metropolitan area, and its 281 SBA approvals in FY2017 to FY2026 carried $190.9 million in gross dollars. Roanoke is a mid-table area: 257 of 928 by loans. Roanoke is read whole in Roanoke, VA, every class counted. A slice of VA is not how Roanoke is treated.

Roanoke: half of loans run $100,000 to $675,000, around a median of $250,000. Outside data makes Roanoke requests look light; at 1.20x, Roanoke is above the national level. Roanoke: 7(a) leads the mix, with 258 7(a) loans against 23 under 504. 18.5% of Roanoke loans went to franchised businesses, so a Roanoke study names the brand, if any, for Roanoke.

Who lends in Roanoke, and for what

In Roanoke, VA, limited-service restaurant (19 loans); full-service restaurant (10 loans); hotel and motel (8 loans); veterinary clinic (8 loans) lead by loans in Roanoke. The 190 loans in no tracked class keep Roanoke totals from reading as pure property; much Roanoke borrowing funds operating businesses. Roanoke lending concentrates by county: Roanoke city, VA (111 loans), Roanoke County, VA (77 loans), and Salem city, VA (34 loans). Roanoke 7(a) lending is led by 20 loans at Pinnacle Bank (TN) ($30.8 million); 18 loans at Wells Fargo Bank National Association ($640,400); 15 loans at Live Oak Banking Company ($15.0 million). Business Finance Group, Inc. ($10.0 million, 9 loans); Rappahannock Economic Development Corporation ($4.2 million, 5 loans) lead 504 lending in Roanoke. Pinnacle Bank (TN), with 20 loans, tops the Roanoke rows, each an SBA record of Roanoke loans held or once held; none judges Roanoke lenders.

The Roanoke series opens at 26 loans in FY2017 and closes at 30, higher than the start; its high is 37 loans ($28.0 million) in FY2025, its low 17 in FY2020. A Roanoke borrower should know the cancellation record: 12.6% as a floor and 12.6% as a ceiling, for FY2017 to FY2024 Roanoke approvals. Of the 117 loans in the Roanoke cohort for FY2017 to FY2021, 6.8% are charged off, a floor. The Roanoke five-year loss figure is withheld; Roanoke cannot read it as zero. Roanoke faces a geography limit: Roanoke, VA uses the July 2023 definition; 281 loans are matched by county, and unplaceable Roanoke loans are omitted, so Roanoke counts and rates are floors.

Roanoke: the study questions

For Roanoke, a study tests Roanoke demand within a defined trade area, since Roanoke city, VA dominates Roanoke loan counts. If a Roanoke concept resembles limited-service restaurant, Roanoke offers size and lender precedent; other Roanoke concepts must rest on their own Roanoke evidence. Local bids set Roanoke costs; Roanoke debt service coverage then needs tests at $250,000 and at $675,000. Roanoke is metropolitan, so a Roanoke appraisal should name its submarket and test Roanoke comparables inside it. The Roanoke record frames questions, and each lender in Roanoke decides on its own.