Feasibility Study Data for the Spartanburg, SC Metro Area

Spartanburg, SC: SBA lending volume and loan size in Spartanburg

Ranked 199 of 928 by loans, Spartanburg drew 380 approvals between FY2017 and FY2026, $258.1 million gross. A median of $308,850 in Spartanburg sits at 1.48x the national median, above the usual ticket. Spartanburg loans in the middle in Spartanburg half fall from $100,000 to $820,300. With $100,000 and $820,300 bounding the middle half in Spartanburg, no single benchmark fits every project in Spartanburg.

In Spartanburg, 354 approvals are SBA 7(a) loans; 26 are SBA 504 loans. Spartanburg franchise share of loans is 21.1%. In Spartanburg, classes read full-service restaurant with 21, automotive mechanical repair with 17 and hotel and motel with 15. In Spartanburg, outside the tracked classes, 276 loans make up the rest of the 380. Geography inside Spartanburg: Spartanburg County, SC with 371 and Union County, SC with 9 in Spartanburg.

Spartanburg, SC: who holds the loans, 380 in all

In Spartanburg, lenders listed derive from SBA's record in Spartanburg of loans a bank holds or once held in Spartanburg, per holder field in Spartanburg, and carry no judgment of lenders. Spartanburg holders should be read that way in Spartanburg. The largest Spartanburg holders under SBA 7(a) are TD Bank, National Association with 40 loans worth $13.7 million; Wells Fargo Bank National Association with 37 loans worth $5.4 million; Countybank with 31 loans worth $33.7 million. Spartanburg SBA 504 list starts with Provident Business Financial Services, Inc. with 11 loans worth $10.2 million; Appalachian Development Corporation with 9 loans worth $6.7 million. In Spartanburg, the top holder leads the rest. A Spartanburg borrower may still approach any lender in Spartanburg.

SBA's files show 11.6% of FY2017 to FY2024 approvals in Spartanburg cancelled, a floor. A Spartanburg ceiling that treats unfunded loans in Spartanburg as cancelled is withheld, Spartanburg having too few. In Spartanburg, 6.4% of the 110 loans disbursed in FY2017 in Spartanburg to FY2021 are charged in Spartanburg off to date in Spartanburg, a floor in Spartanburg; the five-year measure is withheld. Of the printed Spartanburg years, FY2025 leads with 64 loans. The Spartanburg area rests on its project county, matched by name under the July 2023 delineation, which means one with a county left unresolved goes uncounted in any area. The 380 loans in Spartanburg, SC include those in no named class in Spartanburg.

Spartanburg, SC: what the record asks of a Spartanburg feasibility study

A Spartanburg study opens with demand in Spartanburg. Count the customers within reach of one site in Spartanburg, not the metropolitan area average, so timing may slip, for Spartanburg. Spartanburg cost is the second test. The middle half runs $100,000 to $820,300, still quotes and comps must drive it in Spartanburg, and an honest Spartanburg contingency. Debt service coverage is the Spartanburg hinge. Present the ratio for the amount as well as under a downside case, letting a Spartanburg lender see the margin in Spartanburg. An appraiser values the Spartanburg property independently, so each source behind in Spartanburg the numbers has to be documented for Spartanburg. Inside Spartanburg, SC, submarkets differ widely. Its 380 loans average across them all, so a Spartanburg study must name the Spartanburg submarket it means. With Spartanburg at 1.48x the national median in Spartanburg, projects run large in Spartanburg. The study must justify its project for Spartanburg against $308,850.