Feasibility Study Data for the Kalamazoo-Portage, MI Metro Area

Kalamazoo-Portage is Kalamazoo County alone, with 520 SBA approvals for FY2017 to FY2026 and $236.0 million gross, rank 160 of 928. Kalamazoo loans center on $200,000. Kalamazoo sits at 0.96x of the national figure. Kalamazoo: half of loans span $74,450 to $446,700. The program split is 458 loans under 7(a) and 62 under 504, and franchises account for 13.7% of loans.

A page with a withheld loss rate

Kalamazoo has one gap that matters. The charge-off rate to date is withheld here because too few funded loans stand behind it, and the five-year rate is withheld for the same reason; neither is zero. A reader should lean on the cancellation floor instead and on the lender evidence below, and a study should not assume that a missing rate means a clean record.

Full-service restaurant leads Kalamazoo at 26 loans, then limited-service restaurant at 18, fitness center and child care center at 15 each, and hotel and motel at 10; 367 loans sit outside the named classes. Count was 69 loans and $24.8 million in FY2017, the peak, fell to 43 loans and $15.2 million in FY2019, and closed at 57 loans and $32.5 million in FY2026. The Huntington National Bank holds 127 loans and $27.4 million under 7(a), Horizon Bank 43 loans and $12.0 million and Fifth Third Bank 21 loans and $5.5 million. In 504, Michigan Certified Development Corporation has 35 loans and $35.6 million, with Great Lakes Commercial Finance at 22 loans and $9.3 million. Kalamazoo lists rest on SBA's holder records. Kalamazoo names hold or held these loans. Kalamazoo counts are volume, and Kalamazoo counts promise no lender requirement.

Kalamazoo floors, then the study to order

Kalamazoo: cancelled after approval at least 9.8% of Kalamazoo's approvals. The Kalamazoo window is FY2017 to FY2024. Kalamazoo counts undisbursed loans for 11.2%. Kalamazoo reports no charge-off rate. Too few Kalamazoo loans back one; Kalamazoo is not a zero. Open Kalamazoo loans may raise every Kalamazoo floor. Kalamazoo is a county roll-up. Kalamazoo applies the July 2023 delineation. Kalamazoo matches each county by name. Kalamazoo omits loans whose counties fail to place. Kalamazoo still counts approvals outside named classes. A Kalamazoo study should test demand at the site, cost, debt service in a lean year and value from Kalamazoo County comparables; for child care, add licensed capacity and staffing ratios, and for fitness, membership churn. Loan Analytics prepares Kalamazoo studies. Daniel Smith, MAI, signs each Kalamazoo study.