Feasibility Study Data for the Dothan, AL Metro Area

Dothan: the size of the record

SBA approved 144 loans in Dothan from FY2017 to FY2026, $89.6 million in gross dollars. Dothan sits at 382 of 928 among areas ranked by loans. Dothan loans center on $227,200, the median. $78,750 to $678,000 spans the Dothan middle half. The Dothan median sits at 1.09x nationally. Dothan splits into 129 loans under 7(a) and 15 under 504. 21.5% of the loans in Dothan carry a franchise brand. Those 144 Dothan loans carry $89.6 million.

Dothan: asset mix and geography

Dothan leaders: limited-service restaurant (9), then hotel and motel (8), then full-service restaurant (8). 105 Dothan loans sit in no tracked class. Most Dothan credit is general business lending. SBA assigns Dothan loans mostly to Houston County, AL (116), Geneva County, AL (20), and Henry County, AL (8).

Dothan: the lender side

Dothan holders are not always Dothan originators. Dothan holders under 7(a) include Friend Bank (21 loans, $3.7 million) and Northeast Bank (ME) (9 loans, $6.0 million). Among Dothan 504 holders: Southern Development Council with 7 loans ($3.6 million). A Dothan borrower reads these rows as context. No Dothan row promises approval anywhere.

Dothan: what the floors can say

Dothan cancellation, FY2017 to FY2024 approvals: 11.4%. It is a floor for Dothan. Dothan withholds a ceiling: Dothan loans are too few. Of 64 Dothan loans disbursed FY2017 to FY2021, 7.8% are charged off to date, a floor. Dothan withholds a five-year rate: Dothan loans are too few. Dothan rates are floors. Loans season, and Dothan events can still raise them. Dothan is built from county names. Dothan follows the July 2023 delineation. Dothan omits loans with no county match. Dothan totals hold untracked-class loans too.

Dothan: study points

By year, FY2021 was busiest for Dothan, at 24 loans and $18.9 million, and FY2020 quietest, at 7 loans and $2.0 million. The first year, FY2017, shows 12 loans and $6.8 million for Dothan. FY2026 closes the Dothan series at 11 loans, $7.0 million. In Dothan, demand testing starts with Houston County, AL and the businesses already serving it. Dothan costs sit beside a $227,200 median. Dothan stands at 1.09x nationally. Dothan coverage is stressed with slower ramp-up. Dothan reviewers will weigh the floors above. The Dothan appraiser reads local comparables. The Dothan study reconciles them to cost. Absorption near Houston County, AL is tested for Dothan on a slow case. Beside Houston County, AL findings, the Dothan study lists what it could not test.