Feasibility Study Data for the Auburn-Opelika, AL Metro Area

Auburn among metropolitan areas, ranked by 201 loans

Among metro and micro areas, Auburn ranks 311 of 928 by loans, with 201 approvals over FY2017 to FY2026 and $143.5 million gross. Larger tickets mark Auburn. The Auburn median of $291,100 is 1.40x the national figure; in Auburn, half of loans span $100,000 to $846,000. The gap between $100,000 and $846,000 in Auburn shows how varied borrowers are. Auburn offers no typical loan in Auburn.

By program, Auburn holds 163 SBA 7(a) loans beside 38 SBA 504 loans. Franchised businesses in Auburn make up 16.9% of loans. In Auburn-Opelika, AL, classes rank full-service restaurant with 16, limited-service restaurant with 12 and hotel and motel with 6. 134 Auburn loans belong to no tracked class. The 201 total counts them. Auburn project locations concentrate in Lee County, AL with 192 and Macon County, AL with 9 in Auburn.

Auburn-Opelika, AL: lenders behind the 201 loans

In Auburn, lenders listed derive from SBA's files in Auburn on loans a holder keeps or kept in Auburn, per the holder note in Auburn, and they describe a book only. Auburn holders should be read that way. In Auburn, leading SBA 7(a) holders are Metro City Bank with 16 loans worth $12.5 million; PNC Bank, National Association with 16 loans worth $2.6 million; Northeast Bank (ME) with 15 loans worth $1.8 million. In the Auburn SBA 504 table, the leading holders are Florida Business Development Corporation with 18 loans worth $18.1 million; Florida First Capital Finance Corporation in Auburn, Inc. with 11 loans worth $14.4 million. In Auburn, concentration among top holders says little. An Auburn study should stand on evidence alone in Auburn.

Cancellation floor, Auburn: 16.3% of FY2017 to FY2024 approvals. An Auburn ceiling that treats undisbursed loans as cancelled is suppressed, and Auburn gets no estimate. The Auburn loss rate, to date, across loans disbursed from FY2017 to FY2021 stays withheld in Auburn, the cohort being small; the Auburn gap is not zero and not estimated. Auburn approvals peaked in FY2025, at 34 loans. Each loan lands in Auburn by county of record for the project using the July 2023 delineation, therefore some loan whose county has no match goes uncounted in any area. The 201 loans in Auburn-Opelika, AL include those in no named class in Auburn.

Auburn: testing a project in Auburn-Opelika, AL

Demand leads the Auburn list. Weigh the people near the project address alone, and keep the forecast cautious in Auburn. Auburn cost is the second test. A $291,100 median loan is a rough guide, however land and building need bids, including a reserve for slow Auburn months. Debt service coverage is the Auburn hinge. State the ratio under a base case once more on conservative revenue, with interest and term stated for Auburn. An appraiser values the Auburn property independently, so any occupancy claim needs to reconcile with value in Auburn. Inside Auburn-Opelika, AL, submarkets differ widely. Its 201 loans average across them all, so an Auburn study must name the Auburn submarket it means. With the median at 1.40x the national level, a smaller Auburn project may look unusual in Auburn. The study should explain its sizing for Auburn against $291,100.