A cancellation floor of 17.2%

Sevierville, TN is Sevier County alone, a micropolitan area with 123 loans and $104.4 million from FY2017 to FY2026, ranking 426th of 928. Cancellation after approval reached 17.2% of approvals through FY2024, and counting loans never disbursed leaves exactly the same 17.2%, so the floor and the ceiling coincide at a high level. No charge-off rate is published for Sevier County, and we do not guess at one.

Hotel and motel opens the class table at 12 loans; coffee shop and snack bar (10) and limited-service restaurant (9) come next, then fitness center and full-service restaurant with 5 each, while 77 loans sit in no class. A franchise brand is present in 24.4% of Sevierville's loans. Lodging at the top and a large franchise share point toward visitor-facing, brand-supported uses. Sevier County holds all 123 loans, so the record is entirely local.

Loan size and programmes

Median borrowing of $275,000 is 1.32x the national median, and the middle loans stretch from $53,150 to $869,100. The mix is 116 under 7(a) and 7 under 504, so a 504 structure here has almost no local precedent, and no 504 holder is named.

In SBA's entries, U.S. Bank, National Association appears with 28 7(a) loans worth $4.5 million, by far the largest count; as always the entry says who holds a loan and not how a lender decides. Northeast Bank (ME) is next with 10 worth $1.4 million, then The Huntington National Bank with 6 worth $1.7 million. Of the five-loan holders, Community Trust Bank, Inc. stands out: 5 loans, $13.3 million.

The Sevierville question

Any study should begin with the 17.2% cancellation floor and show why this loan will survive underwriting and close. It must separate visitor demand from local demand in Sevier County, review how much lodging and food supply is already financed, test coverage through a slow season, and set cost against larger loans. The appraisal must support value. Approvals ranged from 8 loans in FY2019 to 20 in FY2025. County placement rests on the 2023 delineation, and none of this assures an approval. Because only 7 loans are 504, a 504 request would be among the first of its kind locally, which the study should acknowledge.

SBA loans in the Sevierville, TN Micro Area

Loans approved, FY2017 to FY2026	123
Gross dollars approved	$104.4 million
Median loan	$275,000
Middle half of loans, from	$53,150
Middle half of loans, to	$869,100
SBA 7(a) loans	116
SBA 504 loans	7
Franchise share of loans	24.4%
Rank among metro and micro areas by loans	426 of 928
Median loan against the national median	1.32x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	17.2%
The same, counting loans still undisbursed as cancelled (a ceiling)	17.2%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Sevierville, TN Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	13	$5.5 million
FY2018	13	$4.0 million
FY2019	8	$10.7 million
FY2020	13	$13.9 million
FY2021	13	$16.5 million
FY2022	9	$12.2 million
FY2023	9	$13.5 million
FY2024	15	$6.6 million
FY2025	20	$14.4 million
FY2026	10	$7.1 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	77
Hotel and motel	12
Coffee shop and snack bar	10
Limited-service restaurant	9
Fitness center	5
Full-service restaurant	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
U.S. Bank, National Association	28	$4.5 million
Northeast Bank (ME)	10	$1.4 million
The Huntington National Bank	6	$1.7 million
Farmers State Bank of Alto Pass, Illinois	5	$14.6 million
Community Trust Bank, Inc.	5	$13.3 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Sevier County, TN	123

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-42940.

Related feasibility study pages

Worked examples

Worked Example: SBA 7(a) Gas Station Feasibility Study in Tennessee

A worked example of the feasibility study a lender would read for a gas station project in Tennessee, financed with an SBA 7(a) loan.

State: Tennessee · Asset: Gas station · Program: SBA 7(a)

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Sevierville, TN Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Sevierville, TN Micro Area