Feasibility Study Data for the Flint, MI Metro Area

Flint, MI: loan volume and median size around Flint

SBA approved 906 loans for Flint projects from FY2017 through FY2026, carrying $317.4 million across every asset class. Flint holds rank 106 of 928 against every other statistical area, Flint among them. A typical Flint loan is $112,700, whereas the middle half span $50,000 to $350,000. Flint borrowers borrow less, at 0.54x of the national median. Flint loan size is simply smaller than the national figure.

Flint: which programs and lenders serve Flint, MI

The program split in Flint is 860 under 7(a) and 46 under 504. The franchise share of Flint loans is 8.4%. The biggest 7(a) holder by loans is The Huntington National Bank, with 434 loans worth $62.4 million; next is ChoiceOne Bank, 155 loans for $67.6 million. JPMorgan Chase Bank, National Association holds 28 loans, with 19 more at Oxford Bank. On 504, Michigan Certified Development Corporation comes first: 35 loans, $19.4 million. The lender lines come from SBA's own Flint loan files on holders. The line for The Huntington National Bank appears since SBA names it as the Flint holder; nothing here speaks to what ChoiceOne Bank asks of an applicant.

Flint, MI: classes and counties inside Flint

Most of the Flint total sits outside the tracked asset classes: 663 loans under other industry codes. Class totals here cover only part of the area. Full-service restaurant is the leading tracked class, at 57 loans, ahead of limited-service restaurant at 31 and dental office with 17. Further down sit medical office (physicians), 17 loans and fitness center at 13. The county table starts with Genesee County, MI at 906 loans.

Flint, MI: reading the outcome floors for Flint

In Flint, at least 11.2% of Flint loans Flint approved from FY2017 to FY2024 were cancelled after approval. Treating undisbursed Flint loans as cancelled gives a ceiling of 13.2%. Among 383 loans in the FY2017 to FY2021 disbursed group, charge-offs to date stand at a floor of 3.1%. Within five years of approval, 1.8% were charged off. Older loans can still default, which keeps these rates as floors, and can only rise. FY2023 was the high point: 113 loans worth $31.0 million. The weakest Flint year ahead of FY2026 was FY2020 at 74 loans and $32.7 million. Flint is built from project counties such as Genesee County, MI; federal boundaries from July 2023 decide which counties count, while any county the name match misses is omitted from Flint.

Flint: testing a project in Flint, MI

Any Flint feasibility study has to be written for one site and one Flint county, as no single Flint market sits behind the Flint total. Since full-service restaurant leads the Flint class table, the study should test liquor licence timing and cost, seats against realistic covers and how Flint diners split by daypart. A Flint request in limited-service restaurant turns on how a brand holds up in Flint, with traffic counts and site visibility close behind. Cash flow for a Flint loan has to hold even if sales slip; the appraisal needs local sales and Flint rents behind it. With smaller tickets the norm in Flint, a request above the middle half needs a clear case for the project.