A Missouri-side record with 504 depth

St. Joseph, MO-KS is listed as one area across two states, but its counties are on the Missouri side: Buchanan County, MO accounts for 104 loans and Andrew County, MO for 11. The area logged 126 loans and $98.5 million over FY2017 to FY2026 and stands 417th of 928 by loan count. Programmes divide into 105 loans under 7(a) and 21 under 504, a modest 504 presence in Buchanan County, and one intermediary dominates it: Mo-Kan Development, Inc. holds 16 of the 504 loans, worth $5.6 million.

A $329,750 median puts St. Joseph loans at 1.59x the national median, and the central band starts at $128,500 and ends at $991,250, so even its lowest loans are sizeable. About one loan in five, 19.8%, carries a franchise brand. In class terms, coffee shop and snack bar is first with 7 loans, full-service restaurant has 6, and hotel and motel ties dental office at 5, while 88 loans fit none of them.

Who SBA records as holders

SBA's holder entries identify institutions of record and offer no portrait of a lender's appetite. On 7(a), two names each show 8 loans: UMB Bank, National Association with $1.4 million and U.S. Bank, National Association with only $993,200. Fusion Bank has 6 loans worth $6.0 million, and Busey Bank and Live Oak Banking Company 5 each, worth $8.4 million and $6.2 million. The lead is not large in count, which suggests a fragmented lender field.

Cancelled approvals reach 10.9% for FY2017 to FY2024 as a floor. For St. Joseph SBA releases neither a ceiling nor a charge-off rate, and nothing in this text stands in for them. Approvals dropped to 6 loans in FY2019 and rose to 20 in FY2018 and again in FY2025, when dollars reached $17.1 million.

The study St. Joseph calls for

A study should test demand in Buchanan County for the particular use, since the class list offers little guidance, and should size cost for loans well above the national level. It should show why the project will close despite a 10.9% cancellation floor, and run debt service on conservative assumptions because no charge-off rate is published. Valuation must hold. Buchanan and Andrew Counties come from the 2023 delineation. Treat this page as background, never as a promise to a lender or a borrower.

SBA loans in the St. Joseph, MO-KS Metro Area

Loans approved, FY2017 to FY2026	126
Gross dollars approved	$98.5 million
Median loan	$329,750
Middle half of loans, from	$128,500
Middle half of loans, to	$991,250
SBA 7(a) loans	105
SBA 504 loans	21
Franchise share of loans	19.8%
Rank among metro and micro areas by loans	417 of 928
Median loan against the national median	1.59x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	10.9%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
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 St. Joseph, MO-KS Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	14	$2.4 million
FY2018	20	$10.7 million
FY2019	6	$5.3 million
FY2020	10	$15.5 million
FY2021	11	$8.1 million
FY2022	16	$14.8 million
FY2023	11	$10.5 million
FY2024	13	$8.8 million
FY2025	20	$17.1 million
FY2026	5	$5.2 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	88
Coffee shop and snack bar	7
Full-service restaurant	6
Hotel and motel	5
Dental office	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 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Mo-Kan Development, Inc.	16	$5.6 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
UMB Bank, National Association	8	$1.4 million
U.S. Bank, National Association	8	$993,200
Fusion Bank	6	$6.0 million
Busey Bank	5	$8.4 million
Live Oak Banking Company	5	$6.2 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
Buchanan County, MO	104
Andrew County, MO	11

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-41140.

Related feasibility study pages

Worked examples

Worked Example: Conventional Bank Gas Station Feasibility Study in Missouri

A worked example of the feasibility study a lender would read for a gas station project in Missouri, financed with a conventional bank loan.

State: Missouri · Asset: Gas station · Program: Conventional bank loan

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the St. Joseph, MO-KS Metro 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 St. Joseph, MO-KS Metro Area