Feasibility Study Data for the Decatur, IL Metro Area

Decatur: what the area shows

Decatur, IL logged 161 SBA approvals in FY2017 to FY2026, worth $101.2 million in gross dollars. Decatur counts as a mid-table area, ranked 353 of 928 by loans. Decatur is read whole in Decatur, IL, every class counted. A slice of IL is not how Decatur is treated.

$115,000 to $759,500 spans the middle half of Decatur loans, and $249,000 is the median. Outside data makes Decatur requests look light; at 1.20x, Decatur is above the national level. Decatur: 7(a) leads the mix, with 149 7(a) loans against 12 under 504. 15.5% of Decatur loans went to franchised businesses, so a Decatur study names the brand, if any, for Decatur.

Classes, counties and lenders in Decatur

Tracked classes in Decatur, with loan counts: hotel and motel 13, gas station and truck stop 11, full-service restaurant 7, limited-service restaurant 6. Another 108 Decatur loans sit in no tracked class, so Decatur totals describe operating businesses, not only property. Macon County, IL (161 loans) lead by county; a Decatur study names which county it covers. Decatur 7(a) lending is led by 73 loans at First Mid Bank & Trust, National Association ($19.6 million); 14 loans at Byline Bank ($19.4 million); 11 loans at Land of Lincoln Credit Union ($2.2 million). SBA keeps records of Decatur loans each lender holds or held; First Mid Bank & Trust, National Association leads with 73, and no Decatur lender is judged.

Decatur goes from 18 loans in FY2017 to 8 in FY2026, ending lower: the peak was 25 in FY2021, and the trough 8 in FY2026. Decatur cancellations stand at 8.5%, a floor, for Decatur approvals in FY2017 to FY2024; Decatur's ceiling is withheld, never zero in Decatur. A charge-off floor for Decatur would rest on a thin cohort of 161 loans, so Decatur withholds it; withheld is not zero. Decatur faces a geography limit: Decatur, IL uses the July 2023 definition; 161 loans are matched by county, and unplaceable Decatur loans are omitted, so Decatur counts and rates are floors.

Decatur: testing a project

Any Decatur study defines its Decatur trade area first, since lending in Macon County, IL differs from lending across Decatur, IL. If a Decatur concept resembles hotel and motel, Decatur offers size and lender precedent; other Decatur concepts must rest on their own Decatur evidence. Decatur costs belong on local bids; test Decatur debt service coverage for a loan near $249,000, and again near $759,500. Decatur is metropolitan; a Decatur appraisal belongs in one submarket, not behind Decatur averages. Nothing printed for Decatur predicts approval; each Decatur lender still reviews a study.