Feasibility Study Data for the Gainesville, FL Metro Area

How big lending runs in Gainesville

412 approvals for projects in Gainesville, FL between FY2017 to FY2026 add up to $278.0 million gross. In practice, Gainesville stands at 188 of 928 within all metro and micro areas counted by loans. In practice, $349,500 stands as the typical loan; the inner half runs from $125,000 to $839,500. In addition, the median here is 1.68x of the nation's median, so the typical loan sits over what the country sees. In practice, Gainesville reads only its own counties, never the blend a state page gives: 412 approvals on file.

Program split and lender roster for Gainesville

338 loans under 7(a) sit beside 74 SBA 504 loans. In practice, 15.8% of the loans belong to franchisees in this area. Separately, in 7(a) lending, the top names by approvals are TD Bank, National Association booking 41 loans totalling $8.3 million, Northeast Bank (ME) with 19 loans and $2.1 million, then Live Oak Banking Company at 16 loans totalling $26.4 million. For 504 cases, the busiest CDCs by loans rank as Florida First Capital Finance Corporation, Inc. holding 55 loans totalling $44.3 million. For context, lender names are copied from SBA data for 412 approvals; they record completed approvals only, never the terms that lenders require across Gainesville.

Asset classes and counties in Gainesville

Full-service restaurant with 19, 18 in limited-service restaurant, hotel and motel with 14, plus 11 for fitness center lead the named classes in loan count. 289 loans fall beyond every named class, so the Gainesville total is wider than any class table. For context, 5 loans in rV park and campground inside Gainesville are too few for a trend. Also, by county, Alachua County (347), Levy County (54); and Gilchrist County (11) lead the loan count. Here, over the approval years, FY2017 kicks off at 37 loans and $16.7 million; FY2025 is the peak at 58 loans and $35.2 million, while FY2026, a year yet to finish, completes the tally at 43 loans and $35.9 million.

What the floors allow in Gainesville

9.0% of FY2017 to FY2024 loans in Gainesville were cancelled before disbursement, a floor. Worth noting: the matching ceiling here stays withheld, leaving the floor alone. Here, 5.7% of FY2017 to FY2021 disbursed loans in Gainesville were charged off, a floor, out of 159 loans. Here, the five-year rate stays withheld for Gainesville, and the to-date floor stands alone. Also, treat every rate on this page like a lower bound, as loans approved lately got little opportunity to cancel or default, across 412 loans. Each area here means the CBSA holding each loan's county of project, according to July 2023 boundaries as issued; counties were matched by name, but an approval whose county falls in no CBSA is missing from every area total, with no exception. Beyond that, with or without a named class, each 7(a) and 504 approval in Gainesville is included in its $278.0 million total.

Testing a project in Gainesville

Throughout Gainesville, a feasibility study for a project begins with the project itself, not the average of the 412-loan file. For context, market demand in Gainesville is tested first: can Gainesville's household base sustain the turnover planned, set against rivals around Alachua County? For context, the local median runs 1.68x compared with the national median, so prices here may sit above norms, perhaps; cost the actual scope against bids from local contractors. Beyond that, coverage of debt service ties income to payments for Gainesville: projected operating income set against the payments due, and a weak-sales case. Also, then the appraisal settles the question in Gainesville: collateral and as-complete value must carry the amount put forward. A client holding an independent feasibility study of Gainesville, before approaching a bank, has faced those floors first; the decision belongs to SBA's reviewers and the lender for Gainesville, never the study.