Feasibility Study Data for the Weirton-Steubenville, WV-OH Metro Area

Volume and loan size in Weirton-Steubenville

190 loans within Weirton-Steubenville, WV-OH from FY2017 to FY2026 add up to $44.2 million gross. Weirton-Steubenville ranks 323 of 928 against all metro and micro areas by loan count. $50,000 stands as the midpoint; the central half falls between $25,000 and $150,000. The median in Weirton-Steubenville stands at 0.24x of the national median, meaning loans tend to run under what the country sees. Weirton-Steubenville counts only its home counties, and never a state's blend: 190 approvals altogether.

Who finances projects in Weirton-Steubenville

190 SBA 7(a) loans accompany 0 loans in 504. Worth noting: 5.3% of the loans on file carry franchised units in Weirton-Steubenville. In practice, within 7(a) cases, the leading lenders by loans stand as The Huntington National Bank booking 136 loans worth $13.9 million, PNC Bank, National Association at 7 loans worth $1.3 million, then U.S. Bank, National Association at 7 loans worth $352,100. Here, no development company in Weirton-Steubenville clears the listing bar. All the names come from SBA records covering 190 approvals; they describe loans made and no more, and not what lenders ask for across Weirton-Steubenville.

Counties, classes and yearly volume in Weirton-Steubenville

Full-service restaurant with 21, assisted living at 6; and 5 for limited-service restaurant top the class table in loan count. Then, 144 approvals lie outside the named classes, so the Weirton-Steubenville total reaches beyond what the classes show. Among the counties, Jefferson County (134), Hancock County (46), plus Brooke County (10) come first. Here, OH and WV are both in Weirton-Steubenville, WV-OH, so lenders may differ across the line. Year by year, FY2017 kicks off at 14 loans and $1.7 million; FY2022 is the high point at 38 loans and $12.1 million, and FY2026, a part year, caps the count at 8 loans and $2.0 million.

What the floors allow in Weirton-Steubenville

11.0% of FY2017 to FY2024 loans in Weirton-Steubenville were cancelled before they funded, a floor. Also, the ceiling count for Weirton-Steubenville stays withheld, so only the floor stands. Then, no default floor is posted for Weirton-Steubenville, WV-OH; the pool of disbursed loans is too sparse, and a gap does not mean zero. In addition, treat every rate printed here as a minimum, since approvals made recently have had limited time to fall through or default, across 190 loans. Area membership in this file follows the CBSA of the loan's county of project, according to the July 2023 boundaries as adopted; each county were matched by name, and a project whose county cannot be placed is omitted from each area list, with no exception. Named class or not, every 7(a) and 504 approval across Weirton-Steubenville is added toward its $44.2 million total.

The feasibility questions for Weirton-Steubenville

In Weirton-Steubenville, any serious study covering a venture should open with the particular site, and not the 190-loan file. In practice, demand in Weirton-Steubenville comes first: can Weirton-Steubenville's surrounding market support the revenue assumed, against competitors in places such as Jefferson County? The median here stands at 0.24x of the national median, so typical tickets are modest; a bigger scheme must show why its size is sound. The coverage test ties revenue to cost in Weirton-Steubenville: forecast income tested against the payments due, and a stress case. Next, finally, the appraisal completes the test in Weirton-Steubenville: value as built must cover the sum put forward. Worth noting: a sponsor who brings an independent study for Weirton-Steubenville, prior to speaking with a bank, has faced the floors before they are raised; the call is made by the bank and SBA for Weirton-Steubenville, and no study can promise it.