Feasibility Study Data for the Aguadilla, PR Metro Area

The scale of lending in Aguadilla

359 approvals for projects in Aguadilla, PR over FY2017 to FY2026 come to $54.5 million gross. Separately, Aguadilla places 204 of 928 against all metropolitan and micropolitan areas on approvals. Here, $60,000 sets the midpoint; half of all loans runs from $25,000 to $161,300. Here, the median here is 0.29x measured against the national median, leaving the typical loan less than the national middle. Aguadilla holds only its own counties, not the mix a statewide page shows: 359 loans on file.

Who finances projects in Aguadilla

331 loans under 7(a) stand against 28 SBA 504 loans. Next, no franchise figure is shown for Aguadilla; Loan Analytics leaves it blank because too few loans stand behind it. Then, across 7(a) approvals, the top lenders by approvals come out as Banco Popular de Puerto Rico with 251 loans for $29.4 million, Oriental Bank at 49 loans for $7.4 million, plus FirstBank Puerto Rico with 19 loans and $3.0 million. In turn, no 504 lender in Aguadilla reaches the listing threshold. In practice, these names are taken from SBA data for 359 loans; they record past loans alone, never the standards that lenders want around Aguadilla.

The classes behind the loans in Aguadilla

Medical office with 20, full-service restaurant with 17, 9 in rehabilitation and therapy clinic, and automotive mechanical repair at 8 head the class list by approvals. Beyond that, 256 approvals fall beyond the named classes, so the Aguadilla total is wider than the class list. Also, 5 loans in veterinary clinic across Aguadilla are too few for any claim. In addition, across the counties, Aguadilla Municipio (99), Isabela Municipio (62), followed by Aguada Municipio (61) lead the loan count. Separately, over the approval years, FY2017 begins at 28 loans and $6.0 million; FY2024 is the high point at 62 loans and $6.2 million, then FY2026 rounds out the run at 48 loans and $5.2 million.

The outcome floors in Aguadilla

10.6% of FY2017 through FY2024 approvals in Aguadilla were cancelled after approval before funding, a floor; 14.3% is the ceiling with undisbursed loans included. In addition, no default floor is shown for Aguadilla, PR; the FY2017 to FY2021 cohort holds too few loans, and withheld never means zero. Here, take each percentage above like a minimum, because approvals made lately received little runway to fall through or default, across 359 loans. Then, membership here is the CBSA containing every loan's site county, according to July 2023 boundaries as published; each county were matched by name alone, so a project whose project county cannot be placed is omitted from every area without exception. Beyond that, counting every class and none, every loan under either program across Aguadilla is tallied within its $54.5 million total.

The feasibility questions for Aguadilla

Throughout Aguadilla, any serious study aimed at a project should start at the project itself, never the 359-loan file. Beyond that, customer demand in Aguadilla leads the work: can Aguadilla's neighbourhood demand support the turnover planned, measured against nearby supply around Aguadilla Municipio? The local median runs 0.29x compared with the country's median, so everyday approvals stay compact; an outsized request has to prove that its debt is serviceable. Next, debt service coverage ties revenue to cost for Aguadilla: expected net income set against the debt payments, along with a downside case. Next, the appraisal completes the test for Aguadilla: value as built needs to carry the loan proposed. For context, any borrower armed with an outside written study of Aguadilla, ahead of meeting a lender, has met those floors up front; the decision belongs to the lender and SBA for Aguadilla, and no study promises it.