Feasibility Study Data for the Arecibo, PR Metro Area

The scale of lending near Arecibo

Across Arecibo, the SBA loan files hold 202 loans from FY2017 through FY2026, worth $33.3 million in gross approvals. Arecibo stands within the whole list of areas, on approval count, at rank 309 of 928. The middle half of Arecibo loans falls between $25,500 and $200,000, with a typical loan of $84,700; that puts the median at 0.41x the nationwide median. Around Arecibo Municipio, PR, SBA 7(a) carries 184 loans, against 18 under SBA 504. Franchises make up 4.0% of the loans.

Arecibo: businesses and places

Separately, across the named classes we list for Arecibo, full-service restaurant leads with 16 loans, followed by medical office (14) and rehabilitation and therapy clinic (13). A further 137 loans in Arecibo sit outside every class. By county, Arecibo Municipio, PR carries 107 loans, and behind it come Hatillo Municipio, PR (38), Camuy Municipio, PR (32) and Quebradillas Municipio, PR (25).

Arecibo: who holds loans

Lenders listed for Arecibo derive from SBA's archived Arecibo records of the 202 guaranteed loans in Arecibo, by present or former holder; those records log every loan yet pass no judgment on lender underwriting. Notably, for Arecibo loans under 7(a), the top names are Banco Popular de Puerto Rico, holding 122 loans worth $16.0 million, followed by Oriental Bank ($5.8 million across 35 loans). For the record, on 504 in Arecibo, the holders include Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) ($2.6 million across 12 loans). An applicant near Arecibo Municipio, PR is free to ask the leading Arecibo holder Banco Popular de Puerto Rico or any other Arecibo holder near Arecibo Municipio, PR which documents it expects, then build the Arecibo study to answer those answers.

Arecibo: loss floors and years

Among Arecibo approvals from FY2017 through FY2024, not below 9.3% were cancelled after approval in Arecibo, a floor; the real Arecibo share can only be higher. Separately, a charge-off rate for Arecibo is not given here, given that too few Arecibo loans were paid out. That silence, for Arecibo Municipio, PR, must never be read as a spotless record. Further, on the calendar, Arecibo crested in FY2022 at 34 loans and $4.5 million, and hit its low in FY2018 at 10 loans and $3.8 million.

Arecibo: the tests ahead

For Arecibo, begin with demand: who shops in Arecibo Municipio, PR, who lives in Hatillo Municipio, PR, set against the wider Arecibo area, and whether full-service restaurant, with 16 loans, leaves any room. Cost next: $84,700 is the Arecibo median and $25,500 to $200,000 the middle band, so a Arecibo Municipio, PR site must price itself against that $84,700 median. Coverage: Arecibo coverage absorbs a soft year against the 9.3% cancellation floor and charge-off rate for Arecibo, which is also held back for lack of loans. An appraisal in Arecibo needs to agree with the figure assumed. Arecibo uses the July 2023 boundaries; a record whose listed county has no match is absent from all other areas, Arecibo too, and the totals carry loans apart from the listed classes.