SBA 7(a) Self Storage Feasibility Study in Idaho

Self storage borrowers under SBA 7(a) in Idaho

Idaho borrowers received 28 SBA 7(a) approvals for self storage during FY2017 to FY2026, a gross $46.2 million. State rank for self storage loan volume is 20, and within Idaho the class stands 13 of 39. The typical Idaho self storage ticket, $1.3 million, sits above the national median for self storage under SBA 7(a) (1.33x), and half of approvals land between $399,250 and $2.4 million. Franchise-flagged self storage loans make up 3.6% of the Idaho cell.

Lenders and counties in Idaho

Idaho self storage holders are Glacier Bank, 9 loans, $7.5 million | Live Oak Banking Company, 6 loans, $18.2 million. Self storage holder names are SBA's. In Idaho, Bonner and Canyon have 5 each, Ada has 4, Valley has 3 and Kootenai has 2 self storage loans.

The FY2017 to FY2026 self storage run

For Idaho self storage, year by year, FY2021 is busiest, with 9 loans and $19.8 million; FY2017 had 3, FY2024 had 1 and FY2026 had 1.

Idaho cancellations and charge-offs

For Idaho self storage approvals the cancellation rate is withheld: Idaho has too few self storage approvals ; SBA 7(a) publishes no stable self storage rate, and self storage readers should assume none. The Idaho self storage loss record is likewise withheld: the Idaho cohort is too small, with scant self storage lending in Idaho, and a missing number is no clean self storage record for FY2017 to FY2021.

Idaho self storage: what the study proves

The central question in Idaho is how much competing storage exists against the demand a site can show. A study should inventory competing facilities and unit sizes, show rents by unit type, indoor or drive-up, and estimate how long absorption takes from opening to a stable census. Land and construction, perhaps phased, go against loans centred near $1.3 million, with coverage tested at slow lease-up. The appraiser capitalises stabilised net income, so expenses and management cost must be defended.

Idaho storage and vehicles

Space for RVs and boats has no code of its own; it falls under this class or other warehousing, so an Idaho plan for vehicles should be supported on its own evidence.