Feasibility Study Data for the Decatur, AL Metro Area

The approval picture in Decatur

100 loans within Decatur, AL over FY2017 through FY2026 come to $61.1 million gross. Separately, Decatur places 467 of 928 among all CBSAs by loans. In practice, $272,500 sets the middle loan; half of all loans spans $83,750 to $645,750. Here, the local median is 1.31x against the median nationwide, so tickets run over the country's norm. In addition, Decatur counts only its own counties, never a statewide average: 100 loans in total.

Who finances projects in Decatur

88 SBA 7(a) loans compare with 12 approvals under 504. In turn, 15.0% of the loans belong to franchisees here. Also, within 7(a) lending, the largest institutions on loan count appear as Live Oak Banking Company holding 9 loans totalling $9.6 million, Wells Fargo Bank National Association holding 9 loans worth $81,900, and The Huntington National Bank booking 7 loans and $9.5 million. Under 504 cases, the biggest CDCs by loans are Southern Development Council with 7 loans and $3.1 million. Then, lender names are taken from SBA data covering 100 approvals; they describe loans approved alone, not the terms that lenders ask for across Decatur.

Where the loans sit in Decatur

73 approvals in Decatur fall outside the named asset classes, so no class list is printed. Next, among the counties, Morgan County (89) then Lawrence County (11) lead the loan count. Across the years, FY2017 begins at 18 loans and $6.5 million; the opening year stays the high, then FY2026 finishes the count at 8 loans and $7.2 million.

What the floors allow in Decatur

11.0% among FY2017 to FY2024 loans in Decatur were cancelled before disbursement, a floor; 11.0% marks the ceiling with undisbursed loans included. Here, no default floor is shown for Decatur, AL; the cohort holds too few loans, and a gap cannot be read as zero. Worth noting: read each percentage on this page as a minimum, as approvals made lately have had scant time to cancel or default, across 100 loans. A Decatur entry here means the statistical area containing every loan's project county, from July 2023 boundaries in force; each county are tied by name, but an approval whose home county cannot be placed is excluded from each area list, with no exception. In practice, counting every class and none, every 7(a) or 504 loan in Decatur counts into its $61.1 million total.

Testing a project in Decatur

Across Decatur, any serious study for a project opens with the actual proposal, not from the 100-loan file. Local demand in Decatur is tested first: will Decatur's catchment support the revenue assumed, against competitors around Morgan County? For context, the local median runs 1.31x of the national median, so costs here may be elevated; cost the actual scope against tenders from local contractors. The coverage test ties income to payments for Decatur: forecast income measured on the payments due, with a stress case. Also, finally, the appraisal ends the sequence for Decatur: value as built must cover the request proposed. Worth noting: any borrower who brings a separate report for Decatur, before calling on a lender, has met those floors first; the decision belongs to lender and SBA in Decatur, not the study's author.