Feasibility Study Data for the Steamboat Springs, CO Micro Area

Volume and loan size in Steamboat Springs

115 loans across Steamboat Springs, CO between FY2017 and FY2026 carry $67.1 million in gross dollars. Separately, Steamboat Springs comes in at 440 of 928 within all CBSAs by loans. Also, $234,000 stands as the middle loan; the middle half spans $100,000 to $584,600. Also, the area median comes to 1.13x against the national median, so tickets run more than the usual national size. For context, Steamboat Springs reads only its own counties, and never a statewide average: 115 approvals in total.

Who finances projects in Steamboat Springs

88 SBA 7(a) loans accompany 27 loans under 504. In practice, 6.1% of the loans on file go to franchisees here. Within 7(a) lending, the top lending names by loans come out as Zions Bancorporation, National Association booking 13 loans totalling $3.6 million, Live Oak Banking Company booking 9 loans worth $7.8 million, and The Huntington National Bank with 7 loans totalling $2.6 million. Here, no certified development company in Steamboat Springs clears the listing bar. In addition, the names here come from SBA files covering 115 loans; they show past loans only, and in no way what lenders require in Steamboat Springs.

Where the loans sit in Steamboat Springs

10 in full-service restaurant plus 7 in hotel and motel lead the named classes in the file. Separately, 76 approvals sit beyond the named classes, so the Steamboat Springs total covers more than any class table. County by county, Routt County (84) then Moffat County (31) carry the most loans. In turn, across the years, FY2017 kicks off at 11 loans and $5.3 million; the gaps between are withheld years, not zeros, while FY2026, a complete fiscal year, concludes the record at 12 loans and $3.6 million.

The outcome floors in Steamboat Springs

No cancellation figure appears for Steamboat Springs; the cohort are too thin, and withheld does not mean zero. Separately, no default floor is given for Steamboat Springs, CO; the disbursed cohort is too thin, and a blank cannot be read as zero. Here, treat each percentage printed here as a floor, because loans approved lately have had limited opportunity to cancel or default, across 115 loans. Then, area membership in this file is the statistical area of the loan's county of the project, per July 2023 boundaries as published; the counties are paired using the name, while a loan whose project county cannot be placed drops out of each area, with no exception. Separately, with or without a named class, each approval in either program in Steamboat Springs is added within its $67.1 million total.

Testing a project in Steamboat Springs

Within Steamboat Springs, a proper study covering a property must begin with the specific operator, instead of the 115-loan file. Worth noting: demand in Steamboat Springs heads the list: does Steamboat Springs's household base sustain the turnover planned, against competitors in and near Routt County? Beyond that, the local median runs 1.13x compared with the median nationwide, so local prices may exceed norms; cost the actual scope against figures from area builders. Beyond that, coverage of debt service joins income to payments in Steamboat Springs: projected net operating income tested against the debt payments, along with a stress case. Separately, an independent appraisal completes the test for Steamboat Springs: market value on completion must cover the amount put forward. In turn, any borrower who brings a third-party study of Steamboat Springs, before meeting a lender, has faced those floors early; the final word is with lender and SBA for Steamboat Springs, and no study promises it.