SBA 7(a) Auto Repair Shop Feasibility Study in Arkansas

What Arkansas shows for SBA 7(a) auto repair shop lending

Between FY2017 and FY2026, SBA backed 52 loans in the 7(a) program to auto repair shop projects in Arkansas, carrying $15.3 million in gross dollars. Arkansas's auto repair shop book under SBA 7(a) ranks 36 nationally by loan count, while auto repair shop is 5 of 39 among Arkansas's asset classes. Typical size: $112,750. Relative to SBA 7(a) auto repair shop loans nationwide, Arkansas runs at 0.63x on that median, a lighter loan size. Between $38,500 and $415,500 lies the middle half of the loans across Arkansas. The franchise share of Arkansas loans is 9.6%. Neither the $112,750 median nor any other metric across 52 Arkansas auto repair shop loans stands out from both parents, so Arkansas's lenders, counties and years carry the auto repair shop page.

For Arkansas auto repair shop: lender names, counties and the yearly pattern

Ranked by approval count, Arkansas lending is led by Arvest Bank (8 loans, $1.9 million), then U.S. Bank, National Association (6 loans, $204,200) and Southern Bancorp Bank (5 loans, $1.3 million). Since SBA names each Arkansas auto repair shop loan's holder today, Arvest Bank may have been an acquirer rather than the originator. By county, Benton with 10, Washington with 8, Pulaski with 7 and Izard with 4 top the auto repair shop loans in Arkansas. Timing tells a simple story for auto repair shop in Arkansas: approvals peaked at 8 loans, worth $728,000, in FY2020, with FY2026 at 6 loans and $914,000; the series opened in FY2017 at 1.

Arkansas: floors for cancellation and loss, with one auto repair shop coding caveat

Of the FY2017 to FY2024 Arkansas auto repair shop approvals, at least 7.3% were cancelled without full disbursement; counting still-open loans as cancelled gives the identical 7.3%. Arkansas auto repair shop loans from FY2017 through FY2021 were disbursed too rarely, out of 52, for a charge-off rate to be stated, which is why no figure is printed here, and that omission is not a claim of zero losses. Readers should treat these Arkansas rates, drawn from 52 loans, as minimums, not as final results. The class has a coding limit that is worth knowing in Arkansas: the class blends car with truck service; body, paint, windshield, oil change and remaining repair codes are out of Arkansas's total.

The tests an SBA 7(a) auto repair shop study in Arkansas must pass

Under 7(a), an Arkansas auto repair shop request, one of 52, is judged by the Arkansas participating lender, whose partly backed auto repair shop loan rests on Arkansas cash flow and collateral the Arkansas study has to support. Work for an Arkansas auto repair shop comes out of the age of cars across nearby households, commercial customers and the existing garages. Bay spending and environmental compliance shape an Arkansas auto repair shop cost plan. Debt service coverage for Arkansas auto repair shop must be tested at the $112,750 median and also near $415,500, the upper end of the Arkansas middle half, with a weaker auto repair shop case next to each. Valuation of an Arkansas auto repair shop property turns on the bay layout and the usual rent could pay. Lenders such as Arvest Bank appear in this Arkansas record; the record is history, and what Arvest Bank or any other Arkansas lender wants from an auto repair shop study is its own to say.

Treat the Arkansas auto repair shop history above, 52 loans, as context: an auto repair shop study from Loan Analytics for Arkansas, signed by Daniel Smith, MAI, for auto repair shop, handles the project-level Arkansas testing, and nothing here assures Arkansas approval of an auto repair shop loan.