Feasibility Study Data for the Yakima, WA Metro Area

Lending in outline for Yakima

454 loans within Yakima, WA over FY2017 through FY2026 carry $266.8 million gross. Also, Yakima stands at 180 of 928 against the complete list of CBSAs on approvals. Worth noting: $200,000 gives the midpoint; the bulk of loans spans $50,000 to $753,375. The typical loan here is 0.96x compared with the country's median, leaving the typical loan beneath the national middle. Separately, Yakima keeps to its own counties, not a mix of unrelated markets: 454 approvals overall.

Who finances projects in Yakima

420 loans under 7(a) compare with 34 loans in 504. Worth noting: 11.7% of all approvals go to franchisees in this area. Across 7(a), the top institutions by number appear as Banner Bank with 89 loans for $15.6 million, U.S. Bank, National Association booking 49 loans totalling $13.3 million; and Columbia Bank (OR) at 45 loans for $6.0 million. Under 504 approvals, the busiest program intermediaries by number appear as Evergreen Business Capital holding 17 loans and $13.1 million followed by Northwest Business Development Association holding 11 loans totalling $9.0 million. In turn, these names come from SBA's own records for 454 loans; they record past loans alone, not the standards that lenders require across Yakima.

Counties, classes and yearly volume in Yakima

52 for gas station and truck stop, full-service restaurant at 22, 15 in hotel and motel, plus 10 in grocery store rank first by class in the file. 280 approvals fall outside the named classes, so the 454-loan file reaches beyond any class table. Then, 5 approvals in medical office across Yakima are too few to show any claim. In practice, Yakima County holds every one of 454 loans, so the area and the county match. For context, taking each approval year, FY2017 begins at 42 loans and $20.0 million; FY2025 is the busiest year at 59 loans and $29.5 million, then FY2026, the latest year, ends the series at 48 loans and $31.5 million.

What the floors allow in Yakima

11.5% among FY2017 to FY2024 approvals in Yakima have been cancelled before disbursement, a floor. Here, the ceiling count on this page is not released, so the floor alone is shown. Here, no loss floor is posted for Yakima, WA; too few disbursed loans sit in that cohort, so a blank here is not a zero. Take every rate above like a lower bound, as loans written in the latest years have had little runway to cancel or go bad, across 454 loans. In turn, membership here means the metro or micro area holding the loan's project county, under the July 2023 delineation; the counties were matched on name, while a loan whose home county does not map is dropped from every area total by design. Separately, inside and outside the classes, each approval in either program in Yakima is tallied towards its $266.8 million total.

Testing a project in Yakima

In Yakima, a proper study of a property should start at the subject property, not the average of the 454-loan file. Here, demand in Yakima opens the work: will Yakima's trade area sustain the income modelled, measured against nearby supply around Yakima County? Next, the local median is 0.96x measured against the national median, so most loans here are small; a project that outsizes them must show why its size is sound. Debt service coverage links revenue to cost for Yakima: forecast income compared with the payments due, with a weak-sales case. Next, the appraisal settles the question for Yakima: market value on completion must carry the borrowing sought. Here, an applicant holding an arm's-length report of Yakima, ahead of approaching any lender, has met the outcome floors before they are raised; the decision belongs to the bank and SBA in Yakima, never the study.