Feasibility Study Data for the Corpus Christi, TX Metro Area

Corpus Christi, TX: scale and ticket size, 358 loans

Corpus Christi, TX holds rank 206 of 928 by loans, with 358 approvals for FY2017 to FY2026, $284.9 million gross. Ticket size in Corpus Christi leans high, with $321,500 at the median, 1.55x the national median. The middle half of Corpus Christi approvals runs from $100,000 up to $929,250. In Corpus Christi, a request far outside $100,000 to $929,250 will draw questions. The Corpus Christi study should answer them early in Corpus Christi.

In Corpus Christi, SBA 7(a) accounts for 328 loans, against 30 under SBA 504. 19.0% of the Corpus Christi loans went to franchised businesses. Corpus Christi named classes stand hotel and motel with 24, limited-service restaurant with 16 and full-service restaurant with 15. The Corpus Christi total of 358 also contains 218 loans that no named class captures in Corpus Christi. By project county, Corpus Christi loans fall in Nueces County, TX with 269, San Patricio County, TX with 50 and Aransas County, TX with 39 in Corpus Christi.

Corpus Christi lenders: the field in Corpus Christi, TX

In Corpus Christi, this section reflects SBA's file in Corpus Christi view of loans a firm holds or once held in Corpus Christi, per holder field, and claim nothing about requirements. Corpus Christi holders should be read that way. Corpus Christi SBA 7(a) holders at the top: Wells Fargo Bank National Association with 38 loans worth $4.9 million; Prosperity Bank with 26 loans worth $9.8 million; PNC Bank, National Association with 20 loans worth $8.6 million. In Corpus Christi, SBA 504 holders are led by Capital Certified Development Corporation with 17 loans worth $17.7 million; LiftFund, Inc. with 6 loans worth $8.8 million. The first holder in Corpus Christi sets the pace. Even so, a Corpus Christi borrower may take a study elsewhere in Corpus Christi.

Among FY2017 to FY2024 approvals, Corpus Christi cancellation after approval is 13.2%, a floor. A Corpus Christi ceiling of 15.4% treats unfunded loans as cancelled. Corpus Christi charge-offs to date, a floor, run 3.8% for the 133 loans disbursed from FY2017 to FY2021; 3.8% came within five years. FY2024, at 52 loans, tops the printed yearly counts for Corpus Christi. Files place a loan in Corpus Christi using the county of the project, matched under the July 2023 delineation in Corpus Christi, which means some loan whose county has no match sits in none of the areas in Corpus Christi. The 358 loans in Corpus Christi, TX include the ones outside every named class here.

Corpus Christi: the tests a study cannot skip in Corpus Christi, TX

First, prove demand in Corpus Christi. Size the real catchment of one site in Corpus Christi, not the metropolitan area average, and keep the forecast cautious in Corpus Christi. Next, price the Corpus Christi project. $321,500 is the median ticket, a guide in Corpus Christi, still quotes and comps must drive it, and contingency kept apart in Corpus Christi. Corpus Christi debt service coverage ties it together. Test coverage at the requested size as well as under a downside case, naming the cushion left in Corpus Christi. An independent Corpus Christi appraisal comes last, so any rent figure has to be documented for Corpus Christi. In Corpus Christi, 358 loans spread over many neighbourhoods, and a Corpus Christi study must say which it targets. With Corpus Christi at 1.55x the national median in Corpus Christi, projects run large in Corpus Christi. The study must justify its project for Corpus Christi against $321,500.