Feasibility Study Data for the Hudson, NY Micro Area

What the record shows for Hudson

122 SBA loans for projects in Hudson, NY from FY2017 through FY2026 total $31.8 million gross. Separately, Hudson sits at 428 of 928 within all CBSAs by loan count. Next, $93,500 marks the midpoint; the inner half falls between $25,000 and $331,125. For context, the local median is 0.45x compared with the median nationwide, placing the typical loan below what the country sees. In practice, Hudson looks only at its own counties, never a whole state's average: 122 approvals altogether.

Lenders and programs in Hudson

114 7(a) approvals stand against 8 loans in 504. Next, no franchise share is shown for Hudson; Loan Analytics withholds it. For context, within 7(a), the biggest banks and lenders by loans are TD Bank, National Association at 15 loans and $624,000, KeyBank National Association with 14 loans totalling $2.4 million, plus Manufacturers and Traders Trust Company booking 13 loans totalling $1.8 million. Beyond that, under 504, the top program intermediaries on loan count rank as Empire State Certified Development Corporation with 8 loans worth $2.8 million. Here, lender names come from SBA files for 122 approvals; they show past loans alone, and not the terms that lenders require around Hudson.

Asset classes and counties in Hudson

Full-service restaurant with 8 plus hotel and motel with 5 top the class table. In practice, 96 approvals fall beyond the named classes, so its $31.8 million total reaches beyond any class table. Also, Columbia County carries all of 122 approvals, which makes area and county match. Separately, by year, FY2017 begins at 16 loans and $2.9 million; FY2021 is the peak at 17 loans and $6.5 million, while FY2026, the latest year, completes the record at 15 loans and $4.0 million.

The outcome floors in Hudson

13.2% among FY2017 through FY2024 approvals in Hudson have been cancelled before funding, a floor; 13.2% is the ceiling counting undisbursed loans. Then, no loss floor appears for Hudson, NY; the disbursed cohort is too sparse, and the gap is never zero. Treat each percentage above as a lower bound, as loans approved recently received limited time to cancel or default, across 122 loans. A Hudson entry in the file means the core-based area of every loan's county of the project, under July 2023 boundaries; counties get matched name to name, and an approval whose home county falls in no CBSA never counts in each area list by design. In turn, whatever its class, every loan under either program in Hudson is included into its $31.8 million total.

The feasibility questions for Hudson

In Hudson, a study covering a site starts from the project itself, and not the 122-loan file. In addition, market demand in Hudson opens the work: does Hudson's trade area support the volume needed, set against rivals around Columbia County? Here, the area median comes to 0.45x of the national median, so ordinary loans are modest; an outsized request must show it can service what it borrows. Next, the coverage test links income to payments in Hudson: projected operating income compared with loan payments, with a stress case. Next, an independent appraisal closes the loop for Hudson: the as-built value must support the borrowing proposed. Any borrower armed with a separate study of Hudson, when first speaking with any lender, has answered these rates first; approval is for the bank and SBA in Hudson, whatever the study finds.