Feasibility Study Data for the Ann Arbor, MI Metro Area

Ann Arbor, MI in the national count, 702 loans

SBA files rank Ann Arbor 135 of 928 by loans: 702 approvals in FY2017 to FY2026, $334.1 million gross. Median loan: $151,800 in Ann Arbor, 0.73x the national median. That makes Ann Arbor a smaller-ticket market. In Ann Arbor, the middle half of loans runs from $50,000 to $492,675. Because $50,000 and $492,675 frame the middle half, an Ann Arbor borrower should weigh any Ann Arbor request against $151,800 in Ann Arbor.

Program mix in Ann Arbor: 647 under SBA 7(a) in Ann Arbor and 55 under SBA 504 in Ann Arbor. As SBA flags them, 16.7% of Ann Arbor loans are franchise loans. Asset by asset, Ann Arbor shows full-service restaurant with 41, limited-service restaurant with 35 and liquor store with 12. A further 520 Ann Arbor loans sit in no named class in Ann Arbor. The class lines for Ann Arbor therefore never sum to 702. All Ann Arbor loans trace to Washtenaw County, MI, with 702 approvals, so Ann Arbor behaves as a one-county market in Ann Arbor.

Ann Arbor, MI lender names, as SBA lists them in Ann Arbor

In Ann Arbor, holder lines build on SBA's record in Ann Arbor of loans a bank has or had, per the holder field in Ann Arbor, which tells volume, not practice. Ann Arbor holders should be read that way. The Ann Arbor SBA 7(a) table opens with The Huntington National Bank with 255 loans worth $40.4 million; Chelsea State Bank with 35 loans worth $17.6 million; Fifth Third Bank with 34 loans worth $27.0 million. Under SBA 504, Ann Arbor lists Michigan Certified Development Corporation with 41 loans worth $28.5 million first. The first holder in Ann Arbor sets the pace. Even so, an Ann Arbor borrower may take a study elsewhere in Ann Arbor.

Of Ann Arbor approvals from FY2017 to FY2024, at least 10.9% were cancelled after approval. Ann Arbor has a ceiling of 12.8% when undisbursed loans count as cancelled. For the Ann Arbor disbursed cohort of 257 loans, FY2017 to FY2021, the floor is 3.9%. 1.9% were charged off inside five years. Ann Arbor's busiest printed year was FY2024, with 109 loans. Each loan lands in Ann Arbor by its project county, matched by name with the July 2023 delineation, and the loan whose county in Ann Arbor fails to match is dropped from all areas. The 702 loans in Ann Arbor, MI include those in no named class.

Ann Arbor, MI: questions a study has to answer for Ann Arbor

Demand leads the Ann Arbor list. Count the customers within reach of the parcel itself in Ann Arbor, never the metropolitan area, while holding a slow start for Ann Arbor. Project cost follows in Ann Arbor. The middle half runs $50,000 to $492,675, though every line should rest on bids in Ann Arbor, with contingency stated openly in Ann Arbor. Serviceability is the heart of Ann Arbor. Present the ratio for the amount plus a case with lower revenue, to find the Ann Arbor breakeven revenue. Ann Arbor appraisers challenge weak assumptions, so each source behind the numbers needs sources that survive review in Ann Arbor. Inside Ann Arbor, MI, submarkets differ widely. Its 702 loans average across them all, so an Ann Arbor study must name the Ann Arbor submarket it means. At 0.73x of the national median, Ann Arbor projects run modest in Ann Arbor. A large project must show why Ann Arbor can absorb its scale, against $151,800.