Grocery Store Feasibility Study in the Charlotte-Concord-Gastonia, NC-SC Metro Area

Grocery stores with large tickets

In Charlotte-Concord-Gastonia, grocery store loans land at 15 of 39 among Charlotte-Concord-Gastonia's classes, and the area is 26 of 412 on the national list for them. From FY2017 through FY2026, 27 loans were approved for $27.2 million, with 13 in Mecklenburg County. Measured as a location quotient, grocery store loans score 0.90x in Charlotte-Concord-Gastonia, a lighter slice than nationally. The median loan of $818,100 is 2.32x the national figure for grocery stores.

$156,000 marks the lower quartile and $1.4 million the upper, which spans very small markets and full-format stores. The page leaves out both the program split and Charlotte-Concord-Gastonia's franchise share. This cell does not print how these loans split throughout the two SBA programs here in Charlotte-Concord-Gastonia. Everything above describes SBA loans in Charlotte-Concord-Gastonia; other funding for grocery store projects in Charlotte-Concord-Gastonia sits outside these figures.

Holder and years

TD Bank, National Association appears with $8.0 million spread over 7 of the 7(a) loans. Holders are named; how any lender chooses borrowers is outside these figures. The page prints three years: FY2021 at no loans and $0, FY2025 with 7 loans and $10.6 million and FY2026 at 6 loans and $7.2 million. FY2026 is a complete fiscal year. The two latest years carry far more dollars than the empty one. We do not print Charlotte-Concord-Gastonia's two outcome rates as the Charlotte-Concord-Gastonia FY2017-to-FY2021 cohort counts below 30 loans, under our own cut-off for Charlotte-Concord-Gastonia. A missing rate in Charlotte-Concord-Gastonia does not mean none.

A median at 2.32x the national one tells a lender that grocery loans in this metro area run sizable relative to the grocery store class. Borrowers should expect questions about the lease, equipment and inventory financing for any request near the upper edge. The area spans two states, so county rows from both states matter.

The tests a study in Charlotte-Concord-Gastonia has to pass

A Charlotte area grocery plan should test the households and competing stores within reach, the weekly sales needed to cover rent, payroll and shrink, and fixtures and refrigeration cost beside a loan near the elevated $818,100 median. Show payment cover with gradual early sales and a valuation that treats real estate on its own, away from equipment and stock. The federal county grouping defines Charlotte-Concord-Gastonia; so loans from counties Charlotte-Concord-Gastonia cannot place are absent from its totals.