Feasibility Study Data for the Sherman-Denison, TX Metro Area

Loans more than twice the national median

Sherman-Denison is Grayson County, TX alone, with 190 loans and $196.3 million from FY2017 to FY2026, ranking 323 of 928. Its loans are big. The $434,500 median reaches 2.09x the national figure, while the middle of the distribution starts at $152,500 and runs to $1.4 million. Franchise brands account for 28.9% of loans. A request in seven figures sits within the ordinary range here.

Fuel dominates the class table: gas station and truck stop has 21 loans against 8 for hotel and motel, 7 for limited-service restaurant and 6 each for full-service restaurant and child care center; 110 loans lie outside the tracked classes. Cancelled approvals reach a floor of 15.6% through FY2024, and the ceiling is the same 15.6%. Programme mix is 182 under 7(a) and only 8 under 504. Grayson County holds all 190 loans, so every comparison is local. A mere 8 loans are 504, so anyone seeking a real estate structure would find almost no local peers. Fuel and convenience projects in particular should be judged against that local supply.

Holders and dollars per loan

The lenders here come from the SBA entry for current or former holder, which cannot tell a reader how any bank approaches a request. Metro City Bank holds 13 7(a) loans worth $23.3 million, Wells Fargo Bank National Association 12 worth $9.4 million, Live Oak Banking Company 11 worth $20.2 million, Newtek Bank, National Association 10 worth $4.3 million and Readycap Lending, LLC 9 worth $15.5 million. The first and third have a large average loan; the fourth does not.

For Sherman-Denison the charge-off rate is not released, being based on too few loans; no number appears and a reader should not assume zero. Approvals rose from 8 loans in FY2018 to 31 in FY2024, when dollars reached $37.8 million, the largest annual total.

What a Grayson County study has to show

A study should ask whether franchise-brand support carries the demand case or whether it must stand alone, test the fuel and convenience supply already financed, and set cost against loans that run at about twice the national level. Given the cancellation floor, it should also establish that the loan can close. Coverage must allow for unreported losses, and the appraisal must back value. County lines follow the 2023 delineation. This page promises no outcome.