Feasibility Study Data for the Homosassa Springs, FL Metro Area

Homosassa Springs in the SBA loan record

Homosassa Springs, FL is a metropolitan area, and its 143 SBA approvals in FY2017 to FY2026 carried $94.1 million in gross dollars. Homosassa Springs is a mid-table area: 384 of 928 by loans. In Homosassa Springs, FL, every asset class is pooled for Homosassa Springs. That view of Homosassa Springs is missing from FL and national tables.

Homosassa Springs: half of loans run $150,000 to $880,000, around a median of $345,000. Homosassa Springs sits well above the national level, at 1.66x the national median, so a Homosassa Springs study should size its request from Homosassa Springs approvals. In Homosassa Springs, FL the 7(a) count is 124 and the 504 count is 19, which puts 7(a) ahead in Homosassa Springs. Homosassa Springs franchised businesses took 14.0% of loans, so a branded concept in Homosassa Springs needs a brand-cost check in Homosassa Springs.

Classes, counties and lenders in Homosassa Springs

Homosassa Springs: full-service restaurant (8 loans); medical office (5 loans); limited-service restaurant (5 loans) head the tracked-class list. The 93 loans in no tracked class keep Homosassa Springs totals from reading as pure property; much Homosassa Springs borrowing funds operating businesses. Homosassa Springs counts by county run 143 loans in Citrus County, FL; a Homosassa Springs study should say which it covers. Homosassa Springs 7(a) volume: TD Bank, National Association ($1.9 million, 12 loans); SouthState Bank, National Association ($4.5 million, 8 loans); Northeast Bank (ME) ($824,500, 6 loans). Homosassa Springs 504 leaders: Florida Business Development Corporation ($2.3 million, 11 loans); Florida First Capital Finance Corporation, Inc. ($8.0 million, 8 loans), in that order. TD Bank, National Association's 12 loans, like every Homosassa Springs lender figure, are an SBA record of Homosassa Springs loans held or once held. No Homosassa Springs lender is judged by these counts.

The Homosassa Springs series opens at 11 loans in FY2017 and closes at 19, higher than the start; its high is 24 loans ($13.2 million) in FY2021, its low 5 in FY2018. Homosassa Springs cancellation after approval runs at 9.5% as a floor for Homosassa Springs approvals, FY2017 to FY2024, and 9.5% as a ceiling that counts Homosassa Springs loans still undisbursed as cancelled. Homosassa Springs: no charge-off floor is printed. Its Homosassa Springs cohort is too thin; Homosassa Springs withholds it; withheld is not zero. Homosassa Springs faces a geography limit: Homosassa Springs, FL uses the July 2023 definition; 143 loans are matched by county, and unplaceable Homosassa Springs loans are omitted, so Homosassa Springs counts and rates are floors.

Homosassa Springs: what a study has to test

Any Homosassa Springs study defines its Homosassa Springs trade area first, since lending in Citrus County, FL differs from lending across Homosassa Springs, FL. If a Homosassa Springs concept resembles full-service restaurant, Homosassa Springs offers size and lender precedent; other Homosassa Springs concepts must rest on their own Homosassa Springs evidence. Homosassa Springs quotes should price construction and equipment. Then Homosassa Springs debt service coverage is tested at $345,000, and again at $880,000. Homosassa Springs is metropolitan, so a Homosassa Springs appraisal should name its submarket and test Homosassa Springs comparables inside it. Nothing printed for Homosassa Springs predicts approval; each Homosassa Springs lender still reviews a study.