Feasibility Study Data for the Hot Springs, AR Metro Area

Hot Springs: what the area shows

Hot Springs, AR logged 185 SBA approvals in FY2017 to FY2026, worth $58.7 million in gross dollars. Hot Springs, AR is distinctive on loan size: its $126,500 median loan is 0.61x of the national median, a Hot Springs gap past our margin. Hot Springs is a mid-table area: 329 of 928 by loans. Hot Springs is read whole in Hot Springs, AR, every class counted. A slice of AR is not how Hot Springs is treated.

Hot Springs: half of loans run $50,000 to $350,000, around a median of $126,500. Outside data makes Hot Springs requests look heavy; at 0.61x, Hot Springs is well below the national level. In Hot Springs, AR the 7(a) count is 171 and the 504 count is 14, which puts 7(a) ahead in Hot Springs. Hot Springs franchise loans reach 6.5%, so brand standards often shape a Hot Springs request there.

Hot Springs: classes, places and lenders

Among Hot Springs's tracked classes, 13 loans in full-service restaurant; 7 loans in rehabilitation and therapy clinic; 6 loans in fitness center come first. Another 130 Hot Springs loans sit in no tracked class, so Hot Springs totals describe operating businesses, not only property. Hot Springs counts by county run 185 loans in Garland County, AR; a Hot Springs study should say which it covers. Hot Springs 7(a) volume: Arvest Bank ($8.0 million, 49 loans); U.S. Bank, National Association ($1.6 million, 29 loans); Southern Bancorp Bank ($4.5 million, 17 loans). Arvest Bank, with 49 loans, tops the Hot Springs rows, each an SBA record of Hot Springs loans held or once held; none judges Hot Springs lenders.

The Hot Springs series opens at 21 loans in FY2017 and closes at 18, lower than the start; its high is 27 loans ($10.3 million) in FY2021, its low 9 in FY2024. Of Hot Springs approvals in FY2017 to FY2024, Hot Springs saw at least 12.2% cancelled, and at most 12.2% if Hot Springs loans still undisbursed count as cancelled in Hot Springs. Of the 96 loans in the Hot Springs cohort for FY2017 to FY2021, 8.3% are charged off, a floor. The Hot Springs five-year loss figure is withheld; Hot Springs cannot read it as zero. Hot Springs, AR membership follows the July 2023 delineation; Hot Springs counties are matched by name, and a Hot Springs loan with no match is dropped, so 185 is a floor, and every Hot Springs rate is too.

Hot Springs: the study questions

For Hot Springs, a study tests Hot Springs demand within a defined trade area, since Garland County, AR dominates Hot Springs loan counts. If a Hot Springs concept resembles full-service restaurant, Hot Springs offers size and lender precedent; other Hot Springs concepts must rest on their own Hot Springs evidence. Hot Springs costs belong on local bids; test Hot Springs debt service coverage for a loan near $126,500, and again near $350,000. Hot Springs is metropolitan; a Hot Springs appraisal belongs in one submarket, not behind Hot Springs averages. The Hot Springs record frames questions, and each lender in Hot Springs decides on its own.