SBA 504 Quick Service Restaurant Feasibility Study in Utah

What Utah shows for quick service restaurant (SBA 504) loans

From FY2017 to FY2026, SBA's files list 40 Utah quick service restaurant projects financed through 504, worth $33.3 million. Lining the states up of SBA 504 quick service restaurant loan counts, Utah lands at 15; within Utah itself, this class holds 8 of 39 across the asset classes. Typical size: $630,000. Relative to SBA 504 quick service restaurant lending nationwide, Utah runs at 0.98x on the median, a near-identical loan profile. Between $313,500 and $1.3 million lies half of the approvals in Utah. Franchised applicants account for 40.0% of the 40 loans. Utah quick service restaurant lending blends into its parents across 40 loans: nothing in Utah clears the distinctness margin, so Utah readers should use Utah's lender, county and timing detail.

For Utah quick service restaurant: lender names, counties and the yearly pattern

By county, Salt Lake with 8, Davis with 5, Washington with 5 and Rich with 4 lead the quick service restaurant approvals in Utah. Year by year in Utah, approvals peaked at 7 loans, worth $5.6 million, in FY2019, with FY2026 at 4 loans and $5.0 million; the first year on record, FY2017, had 5.

Utah quick service restaurant: how to read the outcome floors

Cancellation after approval come to at least 2.9% for Utah FY2017 to FY2024 quick service restaurant approvals, with the upper bound landing at the same 2.9%. Losses get no printed rate for Utah quick service restaurant: among the 40 loans, too few sit in the FY2017 to FY2021 disbursed cohort for a figure, so no Utah figure is printed, and its absence should not be read as zero for quick service restaurant. Lenders should treat these Utah rates, drawn from 40 loans, as minimums, never as settled results. No quirk in the coding distorts quick service restaurant totals for Utah, though SBA sorts Utah clients under one industry code, so a quick service restaurant operator among the 40 can be filed under a neighbouring Utah class.

Questions a quick service restaurant (SBA 504) study in Utah must answer

Since the 40 Utah approvals here are 504 financings that combine an Utah certified development company with a distinct senior quick service restaurant lender, each is built around owned Utah real estate and long-lived quick service restaurant equipment, and the study has to show a purchased or built quick service restaurant project that can carry both layers of debt. An Utah quick service restaurant study has to set the parcel's exposure and stacking room against nearby drive-throughs. Construction cost for a quick service restaurant moves with the prototype, equipment lists and site work in Utah, so every item needs an estimate. The coverage test runs on $630,000 and as well at $1.3 million, with a slower scenario, so an Utah reader sees where quick service restaurant coverage narrows. An appraiser will read a quick service restaurant from rent against revenue, so our projection shows both at the Utah site.

Daniel Smith, MAI, signs the Utah quick service restaurant study: the $33.3 million backed before is orientation, while the quick service restaurant study itself tests the project issues; Utah approval is never assured here.