Feasibility Study Data for the Grand Rapids, MN Micro Area

Grand Rapids, MN: scale and ticket size, 113 loans

Grand Rapids, MN holds rank 447 of 928 by loans, with 113 approvals for FY2017 to FY2026, $37.4 million gross. Ticket size in Grand Rapids leans low, with $150,000 at the median, 0.72x the national median. The middle half of Grand Rapids approvals runs from $63,000 up to $337,000. In Grand Rapids, a request far outside $63,000 to $337,000 will draw questions. The Grand Rapids study should answer them early in Grand Rapids.

In Grand Rapids, SBA 7(a) accounts for 84 loans, against 29 under SBA 504. 4.4% of the Grand Rapids loans went to franchised businesses. Grand Rapids named classes stand rv park and campground with 6. The Grand Rapids total of 113 also contains 68 loans that no named class captures. In Grand Rapids, only Itasca County, MN appears, holding 113 loans in Grand Rapids.

Grand Rapids lenders: the field in Grand Rapids, MN

In Grand Rapids, these tables draw on SBA's listing of loans each institution retains or retained, under the holder note, so they measure books, not rules. Grand Rapids holders should be read that way. Grand Rapids SBA 7(a) holders at the top: Northeast Entrepreneur Fund, Inc. with 20 loans worth $3.5 million; Members Cooperative Credit Union with 12 loans worth $865,800; Park State Bank with 9 loans worth $806,100. In Grand Rapids, SBA 504 holders are led by Midwest Business Finance Corporation with 21 loans worth $9.2 million. The first holder in Grand Rapids sets the pace. Even so, a Grand Rapids borrower may take a study elsewhere in Grand Rapids.

Among FY2017 to FY2024 approvals, Grand Rapids cancellation after approval is 8.7%, a floor. A Grand Rapids ceiling of 8.7% treats unfunded loans as cancelled. In Grand Rapids, the charge-off rate for the disbursed class of FY2017 to FY2021 remains hidden in Grand Rapids, cohort thin; do not read that as zero in Grand Rapids. FY2021, at 32 loans, tops the printed yearly counts for Grand Rapids. Parts of the Grand Rapids yearly series vanish for resting on too few loans, and we offer Grand Rapids no estimate for them. Boundaries for Grand Rapids come from a project's county, from the file per the July 2023 delineation, consequently one with a county left unresolved appears in no area. The 113 loans in Grand Rapids, MN include those in no named class in Grand Rapids.

Grand Rapids: the tests a study cannot skip in Grand Rapids, MN

Demand ranks first for Grand Rapids. Measure the trade area around the site, instead of the micropolitan area, with a cautious ramp shown in Grand Rapids. Grand Rapids cost comes next. Lenders fund a $150,000 median here, even if an outlier needs explaining, plus working capital and reserves in Grand Rapids. The Grand Rapids loan has to be serviceable. Calculate coverage at the loan size alongside a weaker revenue case, since approval is no guarantee in Grand Rapids. Appraisal closes the loop in Grand Rapids, so the study's value logic must explain any gap in Grand Rapids. Micropolitan Grand Rapids offers a thin base of 113 loans. A Grand Rapids study should disclose borrowed benchmarks. At 0.72x of the national median, a very large Grand Rapids project may look unusual. The study should explain its scale for Grand Rapids against $150,000.