Feasibility Study Data for the Sheridan, WY Micro Area

The scale of lending near Sheridan

Across Sheridan, the agency's approval files list 149 approvals from FY2017 to FY2026, totalling $77.2 million of gross dollars. Sheridan ranks across the full set of areas, by loans, in place 372 of 928. The central half of Sheridan approvals runs from $60,000 to $500,000, centred on a typical loan of $229,000; that puts the median at 1.10x the nationwide median. In Sheridan the program mix is 114 loans under 7(a) against 35 under 504. Franchise brands account for 5.4% of approvals.

Sheridan: classes and places

Inside the asset classes we list for Sheridan, full-service restaurant leads with 7 loans. Also 121 loans in Sheridan fall outside the classes. Every loan in Sheridan falls in Sheridan County, WY, at 149 loans, so a study around Sheridan a single-county exercise.

Sheridan: who holds loans

Institutions named for Sheridan come from SBA's official Sheridan records of the 149 business loans in Sheridan, held now or earlier; those files locate each holder and reveal nothing about lender underwriting. Further, in the 7(a) program near Sheridan County, WY, the leading holders are Northeast Bank (ME) at 15 loans and $2.2 million; next, Wells Fargo Bank National Association, holding 13 loans worth $964,400. For 504 lending around Sheridan County, WY, SBA names Mountain West Small Business Finance (24 loans, $10.7 million). An applicant in Sheridan should ask the Sheridan holder Northeast Bank (ME) and the other Sheridan holders near Sheridan County, WY which documents it expects, then fit the Sheridan study to meet those answers.

Sheridan: outcomes and calendar

Looking at Sheridan approvals from FY2017 to FY2024, at least 15.2% ended in cancellation after approval in Sheridan, a floor; the real Sheridan share is no lower. Besides, the charge-off rate around Sheridan County, WY is not printed in the files, because too few Sheridan loans funded. That blank, across Sheridan, cannot be read as an absence of loss. For the record, by year, Sheridan was strongest in FY2025 at 36 loans and $18.7 million, and reached its trough in FY2019 at 5 loans and $1.1 million.

Sheridan: the tests ahead

For Sheridan, begin with demand: who shops in Sheridan County, WY, who commutes in, measured against the wider Sheridan area, and whether the 7 full-service restaurant loans leave room. Budget: $229,000 is the Sheridan median and $60,000 to $500,000 the middle band, so a Sheridan County, WY site should cost itself against this $229,000 marker. Then coverage: Sheridan debt service survives a soft year against with the 15.2% cancellation floor and charge-off floor for Sheridan, which is also suppressed as its cohort is small. An appraisal in Sheridan has to support the worth assumed. Sheridan applies the July 2023 delineation; a record whose county entry fails to match is absent from all other areas, Sheridan as well, though the totals carry loans not in the classes we track.