SBA 504 Restaurant Feasibility Study in Idaho

Idaho full-service restaurant lending in SBA's records

In Idaho, SBA 504 approved 36 loans in the full-service restaurant class. Across FY2017 to FY2026 in Idaho that came to $23.9 million gross. Counting full-service restaurant loans, Idaho ranks 26 across states for full-service restaurant under this program, and full-service restaurant sits 2 of 39 among Idaho classes. A median of $467,000 is 0.77x of the national full-service restaurant median under SBA 504, so Idaho runs below the norm. For full-service restaurant in Idaho, the middle half spans $290,750 to $847,000, and franchise flags mark 11.1% of Idaho full-service restaurant loans.

Who holds the full-service restaurant loans, and where

The largest named full-service restaurant holder in Idaho is Capital Matrix, Inc.: 19 loans worth $14.3 million; behind it Region IV Development Corporation, 6 loans ($4.6 million); Panhandle Area Council, Inc., 6 loans ($3.1 million). Holders in Idaho are those SBA currently lists. The Idaho full-service restaurant county count starts with Ada at 10, Blaine at 5, Canyon at 5, Kootenai at 3, Bannock at 2.

Timing of Idaho approvals

The Idaho full-service restaurant calendar shows 0 loans ($0) in FY2019, then in Idaho 2 in FY2020 ($881,000), and in Idaho 5 in FY2021 ($3.7 million), 6 in FY2023 ($3.8 million) and 6 in FY2024 ($4.9 million) against Idaho's peak of 6 in FY2023. FY2019 show no Idaho full-service restaurant approvals.

Full-service restaurant cancel and charge-off floors

In Idaho, approval did not always mean a full-service restaurant loan: of FY2017 to FY2024 Idaho approvals, at least 6.7% ended in Idaho cancellation, with 6.7% the ceiling if undisbursed full-service restaurant loans are added. The full-service restaurant cohort funded in Idaho is too small, so Idaho holds no stable charge-off rate for full-service restaurant loans in Idaho funded FY2017 to FY2021; Idaho withholds the rate, and Idaho lenders should not read it as zero.

Idaho restaurant real estate under SBA 504

Financing a restaurant building under SBA 504 asks the Idaho study to defend the real estate: trade area, visibility, parking, rival concepts, and sales per seat that carry a mortgage-sized payment. Labour cost and menu pricing belong in the operating model, and the investment should be compared with the $467,000 median. Coverage must survive a poor opening year, while the appraiser will ask whether a different operator could use the building.

Idaho dining rooms and a gap

The restaurant class has no coding caveat. Its withheld loss rate in Idaho leaves a gap that the study fills with a stress case of its own.