Feasibility Study Data for the Sioux City, IA-NE-SD Metro Area

Sioux City: what the area shows

Sioux City, IA-NE-SD is a metropolitan area, and its 147 SBA approvals in FY2017 to FY2026 carried $104.5 million in gross dollars. Sioux City differs most on loan size: a $366,500 median, 1.76x of the national median, and Sioux City's gap clears our margin. Sioux City is set apart on losses too (Sioux City, IA-NE-SD); its floor, from 147 loans, is withheld in Sioux City; a withheld floor is not zero. Sioux City ranks as a mid-table area, 374 of 928 by loan count. In Sioux City, IA-NE-SD, every asset class is pooled for Sioux City. That view of Sioux City crosses the IA, NE, and SD line, which no state page shows.

$366,500 is the Sioux City median loan, and the middle half runs $143,000 to $780,000. Sioux City sits well above the national level, at 1.76x the national median, so a Sioux City study should size its request from Sioux City approvals. Sioux City: 7(a) leads the mix, with 104 7(a) loans against 43 under 504. Sioux City franchise loans reach 15.6%, so brand standards often shape a Sioux City request there.

Sioux City: classes, places and lenders

Sioux City tracked classes among 147 loans, by loan count: full-service restaurant: 9; limited-service restaurant: 9. Sioux City also holds 104 loans outside every tracked class; Sioux City small business lending shows here. Woodbury County, IA (97 loans), Union County, SD (40 loans), and Dakota County, NE (10 loans) lead by county; a Sioux City study names which county it covers. Sioux City 7(a) leaders: GBC International Bank ($25.8 million, 12 loans); U.S. Bank, National Association ($283,000, 11 loans); Wells Fargo Bank National Association ($4.2 million, 7 loans). Siouxland Economic Development Corporation ($18.2 million, 23 loans); Dakota Business Finance ($6.5 million, 12 loans) lead 504 lending in Sioux City. SBA keeps records of Sioux City loans each lender holds or held; GBC International Bank leads with 12, and no Sioux City lender is judged.

Sioux City approvals peaked in FY2020 at 25 loans and $14.5 million, bottomed at 8 in FY2024, and ended FY2026 at 11, lower than the 22 of FY2017. Of Sioux City approvals in FY2017 to FY2024, Sioux City saw at least 11.3% cancelled, and at most 11.3% if Sioux City loans still undisbursed count as cancelled in Sioux City. Sioux City: no charge-off floor is printed. Its Sioux City cohort is too thin; Sioux City withholds it; withheld is not zero. Sioux City faces a geography limit: Sioux City, IA-NE-SD uses the July 2023 definition; 147 loans are matched by county, and unplaceable Sioux City loans are omitted, so Sioux City counts and rates are floors.

Sioux City: what a study has to test

Any Sioux City study defines its Sioux City trade area first, since lending in Woodbury County, IA differs from lending across Sioux City, IA-NE-SD. If a Sioux City concept resembles full-service restaurant, Sioux City offers size and lender precedent; other Sioux City concepts must rest on their own Sioux City evidence. The Sioux City cost section uses local quotes; run Sioux City debt service coverage for loans near $366,500 and near $780,000. Sioux City, IA-NE-SD spans IA, NE, and SD, so a Sioux City study weighs licensing and incentives in IA, NE, and SD separately, and a Sioux City appraisal needs Sioux City comparables from the right side of Sioux City, IA-NE-SD. Sioux City appraisals compare within one submarket of Sioux City, IA-NE-SD, not across averages. Nothing printed for Sioux City predicts approval; each Sioux City lender still reviews a study.