Feasibility Study Data for the Williston, ND Micro Area

Volume and loan size in Williston

137 SBA loans within Williston, ND between FY2017 through FY2026 total $79.2 million gross. Separately, Williston stands at 394 of 928 within all CBSAs by loans. $290,000 is the middle loan; half of all loans runs from $150,000 to $722,500. Worth noting: the median in Williston stands at 1.39x in proportion to the median nationwide, which puts ticket size ahead of the figure for the nation. For context, Williston keeps to projects inside its borders, and never a statewide average: 137 loans in all.

Lenders and programs in Williston

74 loans in 7(a) stand against 63 approvals under 504. Next, 3.6% of the loans on file involve franchisees in this area. In 7(a), the biggest names by count appear as U.S. Bank, National Association holding 18 loans totalling $3.4 million, American State Bank and Trust Company of Williston at 10 loans totalling $2.0 million, and First State Bank & Trust with 8 loans and $5.4 million. In 504, the biggest certified development companies on loan count stand as Lewis & Clark Certified Development Company holding 31 loans for $16.9 million. In turn, all the names follow SBA's own records for 137 loans; they record past loans alone, not what lenders ask for around Williston.

Asset classes and counties in Williston

Full-service restaurant at 5 tops the class table in the file. 112 loans fall outside every named class, so the Williston total reaches beyond the class list. Williams County carries every one of 137 loans, so area and county match. Next, across the years, FY2017 begins at 9 loans and $4.0 million; FY2021 sets the high mark at 18 loans and $6.5 million, then FY2026, a part year, completes the sequence at 15 loans and $16.8 million.

What the floors allow in Williston

8.5% of FY2017 through FY2024 approvals in Williston have been cancelled before funding, a floor. Separately, the matching ceiling here is not released, leaving the floor alone. Worth noting: no charge-off floor appears for Williston, ND; the disbursed cohort is too small, and withheld is never zero. In addition, treat every rate above as a lower bound, since loans written recently received limited opportunity to cancel or default, across 137 loans. Membership on the page rests on the area which includes the loan's site county, per July 2023 boundaries as adopted; counties were matched by name alone, and a record whose county has no CBSA is left out of each area list without exception. In practice, class or no class, any loan under either program in Williston is added into its $79.2 million total.

The feasibility questions for Williston

Across Williston, a proper study for a property opens with the particular site, not from the 137-loan file. Then, customer demand in Williston is the opening test: can Williston's neighbourhood demand support the sales in the plan, against competitors around Williams County? In practice, the area median comes to 1.39x compared with the national median, so local prices may exceed norms; test the real scope against offers from nearby firms. Next, the debt service test binds sales to outlay in Williston: projected net operating income set against the payments due, along with a downside case. Next, the valuation caps the work for Williston: value as built must cover the sum asked for. A client carrying an arm's-length written study of Williston, ahead of meeting a bank, has answered these rates up front; approval stays with the lender and SBA in Williston, not the author of a study.