Feasibility Study Data for the Kapaa, HI Micro Area

Volume and loan size in Kapaa

125 SBA loans within Kapaa, HI over FY2017 to FY2026 come to $38.5 million gross. Beyond that, Kapaa comes in at 420 of 928 within all CBSAs by loans. $84,100 gives the median; the inner half extends from $40,000 to $445,500. In addition, the typical loan here is 0.40x compared with the nation's median, so tickets run short of what the country sees. For context, Kapaa keeps to its home counties, not a statewide average: 125 approvals altogether.

Program split and lender roster for Kapaa

113 loans in 7(a) compare with 12 loans under 504. Worth noting: no share for franchises is shown for Kapaa; the base is too thin. Also, for 7(a) loans, the busiest banks and lenders on loan count are Central Pacific Bank booking 28 loans worth $1.1 million, Gather FCU holding 19 loans worth $5.2 million, followed by First Hawaiian Bank booking 9 loans worth $755,000. No development company in Kapaa has enough loans to be named. The names here are copied from SBA files covering 125 loans; they show loans made alone, never what lenders require around Kapaa.

The classes behind the loans in Kapaa

Full-service restaurant with 11 comes first among the classes by approvals. 102 approvals fall outside every named class, so the Kapaa total reaches beyond any class table. Kauai County carries every one of 125 loans, so area and county match. In turn, by year, FY2017 opens at 31 loans and $4.9 million; a few years between are withheld, never estimated, then FY2026, a year not fully booked, rounds out the series at 7 loans and $5.3 million.

What the floors allow in Kapaa

9.5% of FY2017 through FY2024 loans in Kapaa were cancelled before they funded, a floor; 9.5% is the upper bound counting undisbursed loans. Beyond that, no charge-off floor is printed for Kapaa, HI; the disbursed cohort is too small, and a gap never means zero. Treat each percentage in this section as a floor, as approvals made in the latest years have had scant opportunity to cancel or default, across 125 loans. Also, each area in this file rests on the CBSA which includes a loan's home county, following July 2023 boundaries as published; counties are tied name to name, but an approval whose project county cannot be assigned is excluded from every area total as a rule. Then, classed or unclassed, each approval in either program across Kapaa is counted in its $38.5 million total.

The feasibility questions for Kapaa

Across Kapaa, an independent study aimed at a venture must begin with the project itself, rather than the 125-loan file. Next, local demand in Kapaa is tested first: does Kapaa's trade area support the revenue assumed, set against rivals around Kauai County? Then, the area median comes to 0.40x measured against the median nationwide, so typical tickets stay compact; a bigger scheme should demonstrate comparable deals justify its size. Debt service coverage joins sales to outlay for Kapaa: projected operating income tested against loan payments, and a stress case. Then the appraisal ends the sequence for Kapaa: value as built must cover the amount put forward. Also, a borrower armed with a separate feasibility study of Kapaa, before calling on a lender, has answered these rates early; the final word is with the underwriters and SBA in Kapaa, and no study can promise it.