Missouri Feasibility Study: Lender-Grade SBA and USDA Studies

MMCG Invest, LLC prepares feasibility studies for Missouri projects where the underwriting questions reach past the national checklist. Missouri is the state where Boeing defense lines returned their headquarters to St. Louis in February 2026 over a base of more than 18,000 employees, per Boeing, anchoring industrial, flex and workforce-housing demand to the company's own hiring and production cadence rather than a generic manufacturing trend; where the NGA West campus, the National Geospatial-Intelligence Agency's $1.7 billion, 97-acre St. Louis project, relocated 3,150 security-cleared employees in 2025, setting a federal capital floor under hospitality, retail, multifamily and office demand in that submarket; and where the Whiteman B-2 fleet, all 20 of the Air Force's B-2 bombers, flies from the aircraft's only operational base while Fort Leonard Wood trains nearly 80,000 military personnel and civilians a year near Knob Noster and in Pulaski County, per the U.S. Air Force and the U.S. Army, setting installation-specific lodging and workforce-housing demand a countywide population trend would miss. Every engagement is calibrated to the project address, the program of record, and the specific lender, CDC or USDA office carrying the deal.

Pricing starts at $4,900 with a 50/50 fee schedule. Delivery in 9 to 16 business days. A complimentary preliminary Missouri market overview within one business day of submission.

The U.S. Small Business Administration serves Missouri through two district offices. The St. Louis District Office at 1222 Spruce St., Suite 10.103, St. Louis serves, in its own words, "the easternmost 53 counties in the state of Missouri and the city of St. Louis." The Kansas City District Office at 1000 Walnut St., Suite 500, Kansas City serves "the easternmost 28 counties in the state of Kansas and the 61 westernmost counties in the state of Missouri," so a total the office reports for its own territory is not a Missouri-only figure. MMCG's computation over SBA's 7(a) and 504 FOIA release, as of June 30, 2026, restricted to Missouri project-state loans, shows 652 of the fiscal year 2025 7(a) approvals for Missouri projects carried the Kansas City District Office and 549 the St. Louis District Office, out of the state's 1,201 approvals that year.

SBA's own FYE25 7(a) Lender Activity Report, which attributes every approved loan to the district office covering the project location rather than filtering by project state, shows the Kansas City District Office's full territory, Kansas and Missouri together, carried 938 loans for $530,825,900 in gross approved dollars across 139 distinct lenders in fiscal year 2025, while the St. Louis District Office's territory, which lies entirely inside Missouri, carried 550 loans for $323,314,100 across 96 lenders. The two district totals sum to 1,488 loans against the same report's own 1,197-loan Missouri project-state total, a gap consistent with Kansas-located loans counted inside the Kansas City office's 938 figure.

On SBA's FY2025 FOIA release, restricted to Missouri projects, the ten most active 7(a) lenders by count were U.S. Bank, National Association with 142 loans for $28,562,900, OakStar Bank with 116 loans for $73,154,900, Northeast Bank with 77 loans for $10,790,100, Live Oak Banking Company with 55 loans for $101,548,600, the largest average loan in the ten, The Huntington National Bank with 53 loans for $28,381,600, Newtek Bank, National Association with 52 loans for $23,396,200, Readycap Lending, LLC with 38 loans for $7,265,200, The Central Trust Bank with 38 loans for $5,853,500, Commerce Bank with 25 loans for $5,678,900 and OMB Bank with 24 loans for $12,744,800. The pattern a Missouri borrower should read is a cluster of regional and community banks writing many small owner-occupied loans, U.S. Bank, OakStar, The Central Trust Bank, Commerce Bank and OMB Bank among them, alongside national SBA lenders, Live Oak, Newtek and Readycap, writing the larger real estate files.

On the 504 side, Rural Missouri, Inc. led Missouri's fiscal year 2025 approvals with 34 loans for $49,144,000, St. Charles County Economic Development Council followed with 26 loans for $30,985,000, Heartland Business Capital, Inc. approved 8 loans for $5,138,000, STL Partnership CDC approved 4 loans for $3,567,000 and Enterprise Development Corporation approved 4 loans for $3,525,000, the five most active of the ten Certified Development Companies with Missouri projects that year.

The table below is MMCG's own cut of SBA's 7(a) and 504 FOIA release as of June 30, 2026, restricted to loans whose project state is Missouri, disbursed, approved in fiscal years 2010 through 2026, and grouped by the NAICS codes of the asset classes this firm studies. The charge-off rate is the share of loans with a terminal outcome that ended in a charge-off, on a count basis, shown only where that resolved cohort holds at least 30 loans. Across all industries, Missouri's 14,367 disbursed 7(a) loans for $6,192,196,800 resolved 9,463 with an 8.7 percent charge-off rate, and its 1,583 disbursed 504 loans for $999,980,000 resolved 696 at 3.2 percent. Hotels and motels carry the largest average loan of the ten classes in the table: 216 7(a) loans for $354,936,600, resolving 111 at an 8.1 percent charge-off rate close to the state's own average, and 77 504 loans for $102,924,000 at 9.1 percent. Gas stations and convenience stores carry the sharpest warning in the table: 84 7(a) loans for $60,206,300 resolving 51 at 23.5 percent, the highest rate of any rated class. Restaurants are the largest count at 1,009 7(a) loans for $433,053,500, resolving 574 at 11.3 percent; fitness and recreational sports centers, 311 loans, resolved 188 at 7.4 percent; child day care services, 185 loans for $92,443,500, resolved 94 at 9.6 percent. Car washes, 57 loans for $50,632,600, resolved 34 at 2.9 percent, and self-storage, 60 loans for $72,186,900, resolved 38 at 2.6 percent, the two cleanest rated classes in the state's own record. RV parks and campgrounds, 33 loans, assisted living and continuing care, 21 loans, and marinas, 15 loans for $15,993,700, each resolved fewer than 30 loans on the 7(a) side and carry no rated cohort, and only hotels clear that threshold on the 504 side. The caution that travels with every rate: the June 2026 release collapses every open loan, current or stressed, into the single status EXEMPT, so the rate reads the resolved cohort only.

USDA Rural Development serves Missouri from the Missouri State Office at 601 Business Loop 70 West, Parkade Center, Suite 235, Columbia, under State Director Ben Baker, who administers the state's programs through four area offices and 24 sub-area offices statewide. Business Programs, Community Facilities Programs and Water and Environmental Programs are run from Columbia.

The program parameters a lender models come from the OneRD Annual Notice. For fiscal year 2025 a Business and Industry loan carried a 3.00 percent guarantee fee, a 0.55 percent periodic retention fee and an 80 percent guarantee; Community Facilities carried a 1.25 percent fee, 0.50 percent retention and 80 percent; REAP guaranteed loans carried a 1.00 percent fee, 0.25 percent retention and 80 percent; and Water and Waste Disposal carried a 1.00 percent fee and a 90 percent guarantee. The successor fiscal year 2026 notice splits the Business and Industry standard tier by size: a loan under $5,000,000 carries an 85 percent guarantee at the same 3.0 percent fee and 0.55 percent retention, while a loan from $5,000,000 to $25,000,000 carries 80 percent.

By the Treasury's own USASpending.gov record of place-of-performance obligations, Missouri carried 27 Business and Industry guarantees in fiscal year 2025 for $141,008 in obligated subsidy cost on $70,504,124 of guaranteed loan face value, against 29 guarantees for $1,608,252 in subsidy cost on $70,229,367 of face value in fiscal year 2024. REAP obligated 76 awards for $4,441,867 in fiscal year 2025, down from 237 awards for $19,931,990 in fiscal year 2024. Community Facilities obligated 4 awards for $4,128,700 in fiscal year 2025, against 19 awards for $5,127,908 in fiscal year 2024. Water and Waste Disposal obligated 10 awards for $7,457,416 in fiscal year 2025, against 19 awards for $15,427,202 in fiscal year 2024.

USDA Rural Development's own April 24, 2026 release stated the agency invested $885 million in Missouri in the year behind it, $43 million in Community Projects, $95 million in Economic Development and Agribusiness Projects and $747 million in Affordable Housing, and named two of the projects: a $10 million Business and Industry loan guarantee, through partner bank Belgrade State Bank, to Twin Eagle Lake Estates & Hideout Inc. in rural Washington County, to add 26 campsites, 23 guest cabins and 60 RV sites to the family-owned campground and wedding venue, and a $3.18 million loan and $1.92 million grant to Golden City for water line replacement. A July 2025 success story named a further Community Facilities file: Harrison County Community Hospital in Bethany, funded by $57,500,000 in Community Facilities Direct Loans obligated across 2022 and 2024, expanding patient rooms and surgical and outpatient clinics and creating 20 to 30 new jobs.

The eligibility shape is set by the 50,000 line. On the Census Bureau's Vintage 2025 estimates, thirteen Missouri cities exceed 50,000 in population and so are ineligible for a Business and Industry guarantee in their own right: Kansas City at 521,220, St. Louis at 278,144, Springfield at 169,847, Columbia at 130,851, Independence at 121,675, Lee's Summit at 107,514, O'Fallon at 96,101, St. Charles at 72,561, St. Joseph at 71,001, Blue Springs at 61,632, St. Peters at 61,479, Joplin at 53,930 and Florissant at 51,124. Two more sit just under the line, Wentzville at 49,495 and Chesterfield at 49,309. Statewide, the 2020 Census classed 69.47 percent of Missouri's population urban and 30.53 percent rural, and 47 of the state's 115 counties and county-equivalents carried zero urban population under that census.

The state economic development authority is the Missouri Department of Economic Development, created under Section 620.010, RSMo, and its Missouri Works Program is the state's principal incentive tool, retaining new-job withholding tax for five years, six for an existing Missouri business, with an added tax credit of up to 6 percent of new payroll and a combined benefit capped at 9 percent of new payroll under Section 620.2010; excluded business types include gambling, food and drinking places and store-front retail outside a third or fourth class county. The Business Use Incentives for Large-Scale Development program, BUILD, run jointly with the Missouri Development Finance Board under Sections 100.700 to 100.850, requires a minimum $15 million investment, $10 million for an office industry, and 100 new jobs, 500 for an office industry, financed by a job development assessment of up to 5 percent of new gross wages, 10 percent in a distressed community. The Development Finance Board's own tools include MIDOC, lending $100,000 to $3,000,000 for public infrastructure; the Tax Credit Contribution Program, a 50 percent credit capped at $10 million a year statewide and $25 million by statute; and Industrial Revenue Bonds from $400,000 to $10,000,000.

Beyond Jefferson City's own tools, an Enhanced Enterprise Zone exempts at least 50 percent of the ad valorem tax on a qualifying improvement for 10 to 25 years and carries a state income tax credit for up to 10 tax years on a project of at least $100,000 and two new jobs, and the Missouri Historic Preservation Tax Credit pays 25 percent of qualified rehabilitation costs, 35 percent in a qualifying county, under an annual cap of $90 million outside a qualified census tract and a further $30 million inside one. Missouri's State Small Business Credit Initiative allocation runs to $94.9 million across two programs the Missouri Technology Corporation administers: IgniteMO, a loan participation program purchasing up to 50 percent of a loan Justine Petersen Housing and Reinvestment Corporation originates, $25,000 to $500,000 in size with a $250,000 maximum participation, which had deployed over $10 million in loans by December 2025; and the IDEA Fund Co-Investment Program, an equity vehicle investing up to $4 million per round, which had deployed over $30 million to more than 100 companies by the same date. Neither SSBCI program is a real estate program by design; each reaches a project's real property only through an operating tenant.

Assisted living and residential care are licensed statewide by the Missouri Department of Health and Senior Services under Section 198.015, RSMo, a licence that runs up to two years, with a first violation a class A misdemeanor and a violation involving resident abuse or neglect a class E felony. The department's own roster, the LTC Directory, lists 332 assisted living facility licences totaling 19,984 beds and 269 residential care facility licences totaling 7,964 beds statewide, 601 facilities and 27,948 beds together, plus 318 facilities flagged for an Alzheimer's special care unit. Missouri's certificate of need law, Sections 197.300 to 197.366, reaches a Chapter 198 bed only past a dollar threshold: Section 197.305 sets the capital-expenditure minimum for a certificate of need at $600,000, and a bed-capacity increase of more than ten beds or ten percent, whichever is less, over two years triggers review absent a narrower letter-of-intent exception tied to occupancy and deficiency history. Below that threshold, the department's own guidance states a non-applicability letter, not a certificate, is what licenses the facility.

Missouri licenses lodging establishments statewide under Chapter 315, RSMo, through the Department of Health and Senior Services, defining a lodging establishment as a building with five or more guest rooms held out to the public for hire; the license fee is $50 per establishment plus $2 per room from the eleventh through the twentieth and $1 per room above the twentieth, and the department must inspect every licensed establishment at least annually. The department's own open dataset lists 1,470 licensed lodging establishment rows statewide, concentrated in Branson with 155, Kansas City with 117, St. Louis with 79, Springfield with 77 and Columbia with 36. No statewide hotel operating tax exists; a room instead answers to the state's 4.225 percent sales tax base plus whatever the metro layers on top, from Kansas City's 7.5 percent Convention and Tourism Tax and $3.00-per-room daily Arena Fee to St. Louis's combined 7.25 percent, Springfield's 5 percent and Branson's 4 percent Tourism Tax plus up to a further 1 percent inside the Branson-Lakes district.

A car wash needs no state water-appropriation permit; the Missouri Water Resource Law gives the Department of Natural Resources only a reporting power over water users, not a withdrawal permit. Its wastewater instead runs through the Missouri Clean Water Law, Section 644.051, which exempts a discharge into a publicly owned sewer system from the state's own operating permit and leaves the file to the metro's own sewer utility: Kansas City's own rate book names "Car Washes and Laundries" as a diverted-water-use category with a $250 application fee, the Metropolitan St. Louis Sewer District charges a one-time commercial tap fee by size, and Springfield charges its Sewer Impact Permit Fee by water meter size. Missouri has no state operating licence for a campground or RV park: Chapter 315's lodging definition reaches only a building of five or more guest rooms, and the closest state rule, the Clean Water Commission's recreational-development regulation, governs the minimum lot size for a subdivided RV-camping lot sold to an individual owner rather than a commercial campground's operation.

A Missouri credit committee reads the study in the order of the programs above. For a 7(a) or 504 file under SOP 50 10 8 it wants the market area drawn to the parcel and the competitive set named, the demand case built from public series the underwriter can check, the stabilized-year cash flow at the required coverage, and which district office the county reports to, Kansas City's territory reaching into Kansas or St. Louis's holding entirely inside the state. For a Business and Industry or Community Facilities file the Columbia office reviews, it wants the rural-area determination at the address against the 50,000-inhabitant line, the guarantee percentage and fee the current OneRD notice sets, and a market study to the standard in 7 CFR Part 5001. For every Missouri file it wants the state layer set out above in the lender's own vocabulary: the Department of Health and Senior Services licence and the certificate of need threshold the project does or does not clear, the metro's own lodging tax and sewer utility rules, the biennial reassessment cycle and the county's own rate, and the impact fee the parcel's city levies where one exists. A study that carries each of those with the source named in the sentence is the study a Missouri underwriter can lift into the memo without a second round.

Missouri's underwriting file runs past the standard district-office and reassessment checklist. A returned defense manufacturer's headquarters, a newly opened federal intelligence campus and the nation's only B-2 bomber base each move a Missouri deal in a way no national template accounts for, ranked below by the size of the exposure or the demand each one attaches to the deal.

Boeing defense lines returned the company's Defense, Space and Security headquarters to St. Louis in February 2026, and Boeing's own account puts the region's workforce at more than 18,000 employees across defense, commercial airplanes and global services, alongside a multiyear, multibillion-dollar investment in the company's own combat aircraft production facilities there. A lender underwriting industrial, flex, hospitality or workforce-housing product near the St. Louis production campus should model demand against that single employer base and its own hiring and production cadence, not against a generic regional manufacturing trend.

The NGA West campus, the National Geospatial-Intelligence Agency's own $1.7 billion, 97-acre project at Jefferson and Cass avenues in north St. Louis, opened in September 2025 and moved 3,150 security-cleared employees into a 700,000-square-foot office building from their former Soulard location. A lender underwriting hospitality, retail, multifamily or office product in that submarket should treat the federal capital commitment itself as the underwriting floor, distinct from the city's general office or population trend.

The Whiteman B-2 fleet is the whole of it: the U.S. Air Force bases all 20 of its B-2 Spirit bombers at Whiteman Air Force Base, its only operational base for the aircraft, while the U.S. Army's Fort Leonard Wood in Pulaski County trains nearly 80,000 military personnel and civilians every year. Lodging, self-storage and workforce-housing product near Knob Noster and near Fort Leonard Wood should be underwritten against installation-specific demand, the way a lender models a single-employer town, rather than against a countywide population trend.

A Missouri study runs to the sections a lender's file expects, each calibrated to the state. The engagement letter and scope name the program of record, the lender or CDC, the district office the county falls under and, for a USDA file, the Columbia state office and the area office nearest the project. The site and market area section places the parcel in its county, states the rural-area determination where USDA is the program, and draws the trade area from the road network rather than a radius. The demand section builds from the public series this page cites: Census population and migration data, Bureau of Labor Statistics jobs data, the Building Permits Survey for the competitive pipeline, County Business Patterns for the competitive stock and the SBA FOIA release for the state's own lending record; Missouri's tourism office publishes Welcome Center visitor counts and a Department of Revenue taxable-sales series by NAICS code, which the study cites in place of a modeled visitor or spending total. The competitive set section names the operating properties, their scale and their position. The regulatory section carries the licence and permit sequence with the statute cited, and the metro's own lodging tax for a hospitality property. The financial section runs the stabilized year, the ramp, operating expenses, reserves and discounted cash flow at the lender's coverage, with the property tax line built from the biennial reassessment and the county and city rate, and the impact or connection fee from the jurisdiction's own schedule. The risk section names what could move the numbers, the district office the county reports to, the reassessment cycle and the metro's own permit clock and fee schedule, and says what the sponsor has done about each. The lender package closes with the comparable-loan evidence from the FOIA release and a statement of the standards the study was prepared under.

Missouri counted 6,270,541 residents on July 1, 2025 by the Census Bureau's Vintage 2025 estimates, up from 6,243,544 a year earlier, an increase of 26,997, and the components favor migration over births: natural increase added only 177 (68,377 births against 68,200 deaths), net international migration added 12,665 and net domestic migration added 14,028, for net migration of 26,693, essentially the whole of the state's annual gain. The population aged 65 and over reached 1,230,134, or 19.6 percent of the state, up 13.7 percent since 2020, and the 75-and-over cohort grew faster still, up 17.9 percent to 525,265; the state's own Department of Health and Senior Services projects that by 2030 one in five Missourians will be 65 or older and that residents 85 and older will double in number by 2040.

The labor market is broad rather than concentrated in one industry. The Bureau of Labor Statistics' Missouri Economy at a Glance table reports total nonfarm employment of 3,014.9 thousand for July 2026, seasonally adjusted, an unemployment rate of 3.6 percent, leisure and hospitality employment of 318.2 thousand, up 2.9 percent over twelve months, and education and health services employment of 549.1 thousand, up 1.7 percent. The state's minimum wage reached $15.00 an hour effective January 1, 2026, with a tipped cash floor of $7.50; on the Bureau of Labor Statistics' own May 2025 occupational wage estimates, Missouri's mean wage already clears both floors for cashiers at $15.77, home health and personal care aides at $16.36 and maids and housekeeping cleaners at $16.41, so the state minimum is not the binding constraint on those three roles' pay.

Beyond the four metros below, Missouri carries demand anchors the study can name directly: Fort Leonard Wood, the Army's Maneuver Support Center of Excellence in Pulaski County, trains nearly 80,000 military personnel and civilians a year; the University of Missouri's Columbia campus enrolls 32,105 students, more than 77,000 across the four-campus system; and the bi-state St. Louis port district moves 105 million tons of cargo a year along 70 miles of the Mississippi River, almost a quarter of the river's freight between Minneapolis and the Ohio River. Interstate 270 in St. Louis County carries over 100,000 vehicles a day at its busiest recorded point, the highest local count this page's research found.

St. Louis carries two of Missouri's three largest underwriting conditions on its own. Boeing's own Defense, Space and Security headquarters moved back to the city in February 2026, over a regional workforce the company puts at more than 18,000, and the National Geospatial-Intelligence Agency's $1.7 billion, 97-acre NGA West campus in north St. Louis relocated 3,150 security-cleared employees from Soulard in 2025; a hospitality, retail, multifamily, office or workforce-housing file in the metro should model demand against those two single-employer anchors rather than a general population or job trend. As local underwriting context beyond those two headline conditions, St. Louis also sits inside the New Madrid seismic zone, whose reach runs from the Bootheel through the metro, and the Missouri Department of Natural Resources' own $69 billion modeled direct-loss figure puts a seismic design and insurance line on a St. Louis construction loan that a similarly priced deal in most other states does not carry.

The St. Louis District Office carried 549 of Missouri's fiscal year 2025 7(a) approvals under the St. Louis District Office, whose own territory lies entirely inside the state; SBA's own Lender Activity Report puts that office's full territory at 550 loans for $323,314,100 across 96 lenders for the fiscal year. St. Louis City's 2025 commercial real property rate reached $9.7522 per $100 of assessed value, a $1.6400 commercial surtax layered on the city's $8.1122 base rate, while a commercial sewer tap the Metropolitan St. Louis Sewer District bills runs from $1,126.00 for a three-quarter-inch tap to $65,493.00 for a ten-inch tap.

The bi-state St. Louis port district moves 105 million tons of cargo a year along the region's 70 miles of the Mississippi River, and St. Louis Lambert International Airport carried 15,303,756 total passengers in calendar 2025, a 4.03 percent decrease from calendar 2024's 15,946,730. Interstate 270 through St. Louis County carried 100,916 vehicles a day in 2025 at its busiest point, and Gateway Arch National Park recorded 2,209,028 recreation visits in calendar 2025, down from 2,563,052 the year before. The metro's Missouri counties held 426,314 residents aged 65 and over in 2025, up 15.7 percent since 2020, essentially all of it from residents aging in place rather than new arrivals, since the Missouri counties' total population barely moved over the same five years.

St. Louis and St. Louis County together layer a 7.25 percent lodging tax on a hotel room, a 3.75 percent Convention and Tourism Tax and a 3.5 percent Convention and Sports Tax, on top of the state's 4.225 percent sales tax base; the county's own Convention and Recreation Trust Fund, which receives the 3.5 percent tax, closed calendar 2023 with a $37.9 million balance after growing $9.1 million that year. HUD's fiscal year 2026 Fair Market Rent for the St. Louis metro runs from $995 for a one-bedroom to $1,812 for a four-bedroom against a four-person area median family income of $113,500, and the metro's Missouri counties recorded 6,066 total housing units authorized in calendar 2025, 1,523 of them in buildings of five units or more.

Kansas City is the Missouri side of a bi-state metro whose district office carried 652 of the state's 1,201 fiscal year 2025 7(a) approvals under the Kansas City District Office, an office whose own territory also reaches 28 Kansas counties. U.S. Bank, National Association led Missouri's 2025 SBA lending by count with 142 loans, and OakStar Bank led by relative concentration with 116 loans for $73,154,900; on the 504 side, Rural Missouri, Inc. and the St. Charles County Economic Development Council led with 34 and 26 loans.

Jackson County's own 2025 levy schedule puts Kansas City's core tax code at a combined $8.3882 per $100 of assessed value, built from the city, county, school district and library levies, on top of the state's 32 percent commercial assessment ratio struck every odd year. Kansas City is the one metro in this study's set with its own development impact fee, an arterial street charge in force since 2002 and billed at building permit issuance, discounted 50 percent from its own published net cost per land use and split between north and south service areas.

Kansas City International Airport carried 11,459,954 total passengers in calendar 2025, down 5.46 percent from a 12.1-million-passenger record year in 2024. The nine Missouri counties of the metro held 235,203 residents aged 65 and over in 2025, up 15.7 percent since 2020, and HUD's fiscal year 2026 Fair Market Rent for the metro runs from $1,197 for a one-bedroom to $2,103 for a four-bedroom unit against a four-person area median family income of $113,400. The metro's Missouri counties recorded 9,893 total housing units authorized in the Kansas City, MO-KS core based statistical area in calendar 2025, including 4,278 units in buildings of five or more, up 26.0 percent in units from calendar 2024, and Jackson County itself, the metro's core, licensed 1,299 single-family units. Interstate 35 through downtown carried 94,022 vehicles a day in 2025, the busiest segment this page's research found in the metro.

A Kansas City hotel file is calibrated to the metro's own trailing twelve-month occupancy, average daily rate and revenue per available room; a self-storage file to the street rate and occupancy of a climate-controlled and a non-climate-controlled unit; a multifamily file to the asking rent per unit, the vacancy rate, and the units delivered and still under construction; and a capital markets view to the cap rate by property type and the metro's trailing twelve-month sales volume, alongside the square feet under construction by property type. Those figures are calibrated to the metro at engagement and are not stated on this page.

Springfield's core county, Greene County, sits entirely within the state, outside either SBA district's multi-state concern, and the Springfield, MO metropolitan statistical area is wholly inside Missouri. Greene County's own common levies total $0.7148 per $100 of assessed value before any city or school levy, and the City of Springfield funds its own operations mainly through sales tax rather than a general property levy, its only property tax being the voter-approved Level Property Tax of $0.27 per $100, which generates about $8.5 million a year for capital projects.

Springfield-Branson National Airport carried 1,554,687 total passengers in calendar 2025, up 9.0 percent from calendar 2024's 1,426,922. Greene County's own commercial plan review runs 10 to 15 working days, and Springfield typically completes a first-cycle commercial review within 30 days. U.S. Route 65 through Greene County carried 42,793 vehicles a day at its busiest 2025 count, and the metro's population aged 65 and over reached 94,067 in 2025, up 14.5 percent since 2020.

Springfield's Hotel/Motel Tax runs 5 percent of gross lodging receipts, split 47 percent to Visit Springfield, 44 percent to debt service on Jordan Valley Park tourism infrastructure and 4.5 percent each to the Springfield Sports Commission and the Springfield Regional Arts Council. HUD's fiscal year 2026 Fair Market Rent for the Springfield metro runs from $883 for a one-bedroom to $1,701 for a four-bedroom, below both Kansas City's and St. Louis's rents at every bedroom size, against a four-person area median family income of $91,400. The metro recorded 1,761 total housing units authorized in calendar 2025, and its Sewer Impact Permit Fee runs from $300 for a residential meter to $31,000 for a twelve-inch commercial meter.

Branson is the state's tourism metro and, by the Department of Health and Senior Services' own licensed lodging roster, the single largest concentration of licensed lodging in the state at 155 of Missouri's 1,470 statewide listings. The city's 4 percent Tourism Tax on hotel, motel, condominium, timeshare, campground and tourist-court charges, authorized because Branson carries more than 2,500 hotel and motel rooms, joins the state's 4.225 percent sales tax base, Taney County's 1.625 percent, a 0.25 percent county ambulance district tax and the city's own 2 percent general sales tax for a combined rate of 12.100 to 13.100 percent on a hotel room inside city limits, rising further where a special improvement district of up to 1 percent applies. The Branson-Lakes Area Tourism Community Enhancement District adds a further 1 percent across most of the city and parts of Taney and Stone counties, renewed by voters through September 2035.

The city's own monthly tourism-tax report shows Hotels and Motels collections of $4,645,781.77 and Short-Term Rentals collections of $2,166,113.07 for the first nine months of calendar 2025, both up from the same nine months of 2024. Branson Airport carried no material scheduled commercial service in calendar 2025 by the FAA's own preliminary count, so the metro's air access runs through Springfield-Branson National Airport instead. Ozark National Scenic Riverways, the National Park Service unit closest to the Branson market, recorded 1,116,835 recreation visits in calendar 2025, down from 1,343,779 the year before, and the state's own tourism office, drawing on the Department of Revenue's taxable-sales series, reports $2,336.6 million in hotel and motel taxable sales and $61.4 million in RV park and campground taxable sales for fiscal year 2025, out of $18.6 billion in total tourism-related taxable sales and 307,233 Missourians employed in tourism-related industries statewide that year.

Census County Business Patterns for 2023, the latest year published, counts 1,073 hotels and motels in Missouri (NAICS 721110), 405 assisted living facilities for the elderly (623312), 374 car washes (811192), 285 self-storage operators (531130), 136 continuing care retirement communities (623311) and 96 RV parks and campgrounds (721211). Read against the SBA record above, hotels pair the largest establishment count and a $707.8 million payroll with the table's largest average loan size and an 8.1 percent charge-off rate close to the state's own average, while carrying Missouri's two busiest airports. Senior housing pairs 405 assisted living facilities, employing 8,860 with $292.1 million in annual payroll, and 136 continuing care retirement communities, employing 9,462 with $372.5 million in payroll, against 549.1 thousand education and health services jobs statewide and a population aged 65 and over growing 13.7 percent since 2020, faster still in its 75-and-over cohort. Self-storage and car washes are the state's cleanest rated SBA classes, at 2.6 and 2.9 percent charge-offs, but small by CBP payroll, $19.4 million and $109.7 million; a storage study is written to the metro's own household and rental patterns rather than to a single statewide growth figure. RV parks and campgrounds, 96 establishments and $14.1 million in payroll, sit behind $61.4 million in fiscal year 2025 taxable sales against hotels' $2,336.6 million, though the state's own USDA record shows a $10 million Business and Industry loan guarantee financing a Washington County campground's expansion. Gas stations and convenience stores, at a 23.5 percent charge-off rate, are the class a Missouri lender will underwrite hardest, and the study for one is written to a saturation test against the corridor it sits on.

Beyond the classes above, MMCG produces SBA, USDA and conventional-grade feasibility studies for the full range of commercial property types financed in Missouri. Restaurants are the largest count in the table, 1,009 7(a) loans for $433,053,500, at the state's second-highest charge-off rate; child day care services, 185 loans for $92,443,500 at 9.6 percent, follow the same education and health workforce that supports senior housing. Fitness and recreational sports centers, 311 loans for $95,589,200, and marinas, 15 loans for $15,993,700, round out the FOIA table. Industrial and logistics files follow the bi-state St. Louis port's 105 million tons of annual cargo and Kansas City's own arterial street impact fee, discounted to $651.00 per 1,000 square feet for industrial space in the city's South Service Area; medical office files follow the state's 549.1 thousand education and health services jobs and Kansas City's discounted general office fee of $1,053.00 per 1,000 square feet. Retail and multifamily files are written to the Enhanced Enterprise Zone's improvement exemption, Kansas City's own discounted retail impact fee of $1,464.00 per 1,000 square feet, and HUD's fair market rent benchmark, which for fiscal year 2026 runs from $1,095 to $1,358 for a two-bedroom unit across the state's three metros; glamping and short-term rental files carry the metro's own lodging tax, including Kansas City's Short Term Rental tax, which raised $2,189,658 for the city's convention and visitors bureau in calendar 2025, and Branson's Short-Term Rentals collections of $2,166,113.07 for the first nine months of 2025. Community Facilities Program files for hospital, water system and public borrowers are written to the Columbia office's standard, on the pattern of the $57,500,000 Harrison County Community Hospital loan and the Golden City water system loan and grant.

Standard delivery is 9 to 16 business days from data receipt, and rush turnaround is available from 5 business days. The seven steps below are what happens in that window, from the project brief to lender review.

MMCG delivers Missouri feasibility studies in 9 to 16 business days from data receipt, with a complimentary preliminary market overview within one business day of submission. Pricing starts at $4,900 with a 50/50 fee schedule. Reports are formatted for SBA, CDC, USDA and conventional lender file submission and incorporate the analytical layers Missouri credit committees expect: the St. Louis or Kansas City district roster and the state's own FOIA cohort by asset class, the 50,000-inhabitant rural-area test on the Census Bureau's own city populations and the Columbia office's guarantee terms, the Missouri Works, Enhanced Enterprise Zone and SSBCI stack, the Department of Health and Senior Services licence and the $600,000 certificate of need threshold, the metro's own lodging tax, the car wash discharge exemption and the metro's own sewer fee, the biennial reassessment and the county and city rate, and the impact or connection fee and permit clock the jurisdiction states. Sponsor inquiries that involve a Kansas City project reaching into the Kansas City District Office's two-state territory, a certificate of need file near the $600,000 threshold, or a Branson seasonal property typically require the upper end of the standard range.

Engagements typically begin with the project address, asset class, capital stack, sponsor experience, and the specific lender, Certified Development Company or USDA office carrying the deal. From there, MMCG calibrates scope to the program of record, whether SBA 7(a), SBA 504, USDA Business and Industry, REAP, Community Facilities or conventional.

Send the project address. Receive a free Missouri market overview within one business day. Pricing starts at $4,900 with a 50/50 fee schedule. Delivery in 9 to 16 business days. A senior analyst responds within 12 business hours.

MMCG Invest, LLC is a commercial real estate feasibility consulting firm specializing in SBA and USDA feasibility studies across asset classes including hotels, assisted living, car washes, self-storage, RV parks, gas stations, restaurants and agritourism. Our analyses serve lenders, CDCs, investors and developers seeking institutional-quality market intelligence for underwriting and investment decisions. Engagements are led by Michal Mohelsky, J.D., Practicing Affiliate of the Appraisal Institute. Feasibility studies are prepared under USPAP discipline, aligned with SBA SOP 50 10 8 for 7(a) and 504 loans and with 7 CFR Part 5001 for USDA Business and Industry, REAP and Community Facilities financing. Engagements start at $4,900 with fixed-fee scoping. Standard delivery is 9 to 16 business days, with rush turnaround available from 5 business days. A senior analyst responds to proposal requests within 12 business hours from the firm's San Francisco office.

Every state page MMCG publishes is listed on the state index; the neighbouring states are linked at the end of this page. The Missouri cities and counties served:

Kansas City and the western counties, under the Kansas City District Office: Kansas City, Independence, Lee's Summit, Blue Springs, Raytown, Grandview, Raymore, Belton, Liberty, Gladstone.

St. Louis and the eastern counties, under the St. Louis District Office: St. Louis, O'Fallon, St. Charles, St. Peters, Florissant, Chesterfield, Wildwood, University City, Ballwin, Kirkwood, Maryland Heights, Wentzville.

Springfield, the Ozarks and the south: Springfield, Nixa, Joplin, Cape Girardeau, Branson.

Central Missouri: Columbia, Jefferson City, St. Joseph.

Counties this page's research names: Jackson, Clay, Platte, Cass, Ray, Lafayette, Caldwell, Clinton, Bates, St. Louis, St. Charles, Franklin, Jefferson, Lincoln, Warren, Greene, Christian, Dallas, Polk, Webster, Taney, Washington, Buchanan.