Feasibility Study Data for the Waco, TX Metro Area

A franchise-heavy record

Waco is franchise-heavy: brands hold 31.0% of loans. SBA approved 377 loans there across FY2017 to FY2026, $294.3 million gross, rank 200 of 928, and 363 of them are 7(a) against only 14 under 504. Median loan in Waco: $309,000. Waco reads 1.49x against the national figure. Within Waco, half of loans are $100,000 to $890,000. Waco stands apart on charge-offs; Waco clears our distinctness margin. The charge-off floor on the funded cohort is high, as set out below.

Waco counts gas station and truck stop first at 37 loans, well clear of full-service restaurant at 20 and hotel and motel, fitness center and limited-service restaurant at 16 each; 217 loans sit outside the named classes. McLennan County has 344 loans, Bosque County 23 and Falls County 10. Count slipped from 37 loans and $19.8 million in FY2017 to a low of 25 loans and $18.4 million in FY2018, peaked at 45 loans and $48.1 million in FY2025 and ended at 33 loans and $50.9 million in FY2026, the largest dollar year of the span.

Waco lenders

The First National Bank of McGregor d/b/a TFNB Your Bank for Life holds 80 loans and $20.0 million under 7(a), trailed by Wells Fargo Bank National Association (19 loans, $1.9 million) and, with 18 loans, $8.6 million, The Huntington National Bank. Capital Certified Development Corporation appears on 504 with 5 loans and $9.4 million. Waco lists rest on SBA's holder records. Waco names hold or held these loans. Waco counts are volume, and Waco counts promise no lender requirement.

Waco floors and what a study must test

Waco cancellations after approval reached at least 12.7%. Waco approvals span FY2017 to FY2024. Waco withholds its ceiling for loans never disbursed. Waco lacks loans to support it. In Waco, 155 funded loans show charge-offs. Waco floors them at 13.5% or more. Waco withholds the five-year rate. Too few Waco loans support it. Every Waco rate here is a floor, as open Waco loans may move it. Waco follows county placement. Waco matches each project's county by name. Waco then applies the July 2023 delineation. Waco leaves out loans with unplaceable counties, and Waco counts all approvals, named or not. A Waco study for a franchised or fuel-retail project should carry royalty cost, traffic counts, tank and environmental condition, and a value opinion that keeps the real estate apart from the operating business, with debt service run on a weak year. Daniel Smith, MAI, signs every Waco study. Loan Analytics prepares each Waco study.