What SBA's own loan files show about lending in the State College, PA Metro Area, every asset class together, and what a feasibility study for a project there has to test.
State College drew 141 SBA approvals across FY2017 to FY2026, worth $63.7 million gross. Its loan-count rank is 388 of 928; State College is one of those areas. State College loans center on $150,000, the median. $50,000 to $500,000 spans the State College middle half. The State College median sits at 0.72x nationally. By program, State College has 126 7(a) loans and 15 504 loans. State College shows a franchise share of 9.9%. State College dollars add to $63.7 million.
State College leaders: limited-service restaurant (13), then veterinary clinic (8), then full-service restaurant (6). 97 loans in State College fit no class, so State College class patterns say less. State College consists of Centre County, PA, where SBA places 141 loans.
In State College, a holder can differ from the maker. State College 7(a) holders include Northwest Bank (PA) (23 loans, $2.7 million) and First Commonwealth Bank (9 loans, $4.6 million). State College holders under 504 include 10 loans at SEDA-COG Local Development Corporation ($10.9 million). A State College borrower reads these rows as context. No State College row promises approval anywhere.
State College cancellation, FY2017 to FY2024 approvals: 11.2%. It is a floor for State College. The ceiling is withheld for State College: State College loans are few. A rate needs more State College disbursed loans. State College charge-offs are withheld, not zero. Treat State College rates as floors. Later events lift them, State College included. Each State College loan is placed by county name. For State College, the July 2023 list governs. State College omits loans with no county match. State College totals count loans outside the tracked classes.
State College approvals were thinnest in FY2018 (9 loans, $8.5 million) and heaviest in FY2024 (26 loans, $8.9 million). FY2017 opened the State College series with 12 loans ($3.6 million). FY2026 closes the State College series at 10 loans, $5.4 million. A State College feasibility study tests demand first, from Centre County, PA outward, not from the area average. State College costs sit beside a $150,000 median. State College stands at 0.72x nationally. State College coverage is stressed with slower ramp-up. State College reviewers will weigh the floors above. State College value is tested against cost by appraisal. State College comparables decide how. Sources and uses in State College must tie to bids near Centre County, PA. The State College study states its limits beside Centre County, PA findings.
| Loans approved, FY2017 to FY2026 | 141 |
|---|---|
| Gross dollars approved | $63.7 million |
| Median loan | $150,000 |
| Middle half of loans, from | $50,000 |
| Middle half of loans, to | $500,000 |
| SBA 7(a) loans | 126 |
| SBA 504 loans | 15 |
| Franchise share of loans | 9.9% |
| Rank among metro and micro areas by loans | 388 of 928 |
| Median loan against the national median | 0.72x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.2% |
|---|---|
| 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 State College, PA Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 12 | $3.6 million |
| FY2018 | 9 | $8.5 million |
| FY2019 | 15 | $4.5 million |
| FY2020 | 12 | $5.1 million |
| FY2021 | 13 | $5.8 million |
| FY2022 | 14 | $11.9 million |
| FY2023 | 15 | $4.3 million |
| FY2024 | 26 | $8.9 million |
| FY2025 | 15 | $5.8 million |
| FY2026 | 10 | $5.4 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 97 |
| Limited-service restaurant | 13 |
| Veterinary clinic | 8 |
| Full-service restaurant | 6 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| SEDA-COG Local Development Corporation | 10 | $10.9 million |
| Lender | Loans | Dollars |
|---|---|---|
| Manufacturers and Traders Trust Company | 27 | $2.4 million |
| Northwest Bank (PA) | 23 | $2.7 million |
| First Commonwealth Bank | 9 | $4.6 million |
| Enterprise Bank (PA) | 9 | $2.8 million |
| PNC Bank, National Association | 7 | $5.0 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.
| County | Loans |
|---|---|
| Centre County, PA | 141 |
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-44300.
A worked example of the feasibility study a lender would read for a gas station project in Pennsylvania, financed with a USDA Business and Industry guaranteed loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the State College, PA 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.
Start with the data.
Contact Us