Feasibility Study Data for the Jacksonville, FL Metro Area

Large tickets in northeast Florida

Jacksonville stands out first for loan size: $333,000 at the median, 1.60x the national number, with half of Jacksonville loans from $142,000 to $780,000. The area holds 3,121 approvals and $2.10 billion gross for FY2017 to FY2026, rank 40 of 928 on loan count, split into 2,586 loans under 7(a) and 535 under 504. Franchises account for 19.0% of loans.

The named classes begin with full-service restaurant at 180 loans, then limited-service restaurant at 120, fitness center at 80, child care center at 78 and hotel and motel at 56, while 2,203 loans sit outside the named classes. Duval County has 1,817 loans, St. Johns County 773 and Clay County 324. A franchise share near a fifth means royalty and brand standards belong in a Jacksonville model, and larger tickets mean a study should price its own costs. Volume ran from 297 loans and $153.6 million in FY2017 to 311 loans and $246.6 million in FY2026, with a low of 221 loans in FY2020 and a high of 458 loans in FY2025, worth $293.7 million.

Banks and development companies

Under 7(a), a tie at 181 loans each puts TD Bank, National Association ($68.7 million) level with Wells Fargo Bank National Association ($54.5 million), and The Huntington National Bank follows with 131 loans and $58.6 million. For 504, Florida First Capital Finance Corporation, Inc. is far in front with 396 loans and $337.8 million, and Florida Business Development Corporation holds 119 loans and $111.5 million. These are the loans SBA records each name as holding or held; they speak to local volume and no more. A Jacksonville borrower should not infer a lender's requirements from them.

What the Jacksonville floors mean

Cancellations after approval reached at least 13.1% of FY2017 to FY2024 approvals, or 14.6% counting undisbursed loans. Of 1,146 funded Jacksonville loans (FY2017 to FY2021), charge-offs stand at 5.8% or more and 3.5% fell inside five years; open loans could lift each. Jacksonville here means the area into which the July 2023 delineation places each project's county, matched on name, and Jacksonville drops loans whose county will not place. A Jacksonville study has to start with the site's county, then test demand, construction cost at the larger ticket sizes the area shows, coverage on conservative revenue, and an appraisal anchored in local comparables. For Jacksonville restaurants, the lead class, add Jacksonville sales per seat and occupancy cost; Daniel Smith, MAI, signs each study.