Feasibility Study Data for the Key West-Key Largo, FL Micro Area

Key West-Key Largo: volume, rank and ticket size across Key West-Key Largo, FL

184 SBA approvals landed here for Key West-Key Largo projects over FY2017 to FY2026, worth $133.9 million in gross dollars. The micro area sits at 330 of 928 against every other statistical area, Key West-Key Largo among them. Loan size centers on $319,750, and the central half fall from $102,025 up to $806,300. Key West-Key Largo borrowers borrow more, at 1.54x of the national median. Large Key West-Key Largo tickets are the first thing that sets Key West-Key Largo apart.

Key West-Key Largo, FL: franchises, programs and named holders for Key West-Key Largo

The micro area shows 161 loans under 7(a), against 23 under 504, Key West-Key Largo leaving 504 as the minority route. In Key West-Key Largo, the franchise share of Key West-Key Largo loans is 4.9% in this micro area. In 7(a), the biggest Key West-Key Largo holder is TD Bank, National Association: 12 loans, $1.4 million in all. 10 loans and $8.2 million belong to Live Oak Banking Company, in second place. Further down, Readycap Lending, LLC shows 10 loans, then 10 for Northeast Bank (ME). On 504, Florida Business Development Corporation comes first: 12 loans, $17.3 million. Florida First Capital Finance Corporation, Inc. trails with 5. These are SBA's records of Key West-Key Largo loans Key West-Key Largo held or once held. TD Bank, National Association Key West-Key Largo appears because SBA lists it as current Key West-Key Largo holder; it is no Key West-Key Largo judgment of policy at Live Oak Banking Company or elsewhere.

Key West-Key Largo: class and county mix across Key West-Key Largo, FL

Most of the Key West-Key Largo total sits outside the tracked asset classes: 133 loans that carry codes outside the Key West-Key Largo table. The Key West-Key Largo class rows therefore describe a minority of Key West-Key Largo lending. Among tracked Key West-Key Largo classes, full-service restaurant leads with 22 loans, ahead of limited-service restaurant at 5. Monroe County, FL is the largest source of loans, with 184. Demand differs between these counties, so the Key West-Key Largo figure hides some spread.

Key West-Key Largo, FL: outcomes and data limits for Key West-Key Largo

Of FY2017 to FY2024 approvals in Key West-Key Largo, no fewer than 13.3% were cancelled before the Key West-Key Largo loan closed out; the 13.3% floor has no ceiling beside it, as the Key West-Key Largo number is held back at the source. In Key West-Key Largo, no charge-off rate is shown for Key West-Key Largo: too few loans reached the funded group, so Key West-Key Largo gets no rate, and a blank never signals none. FY2021 was the high point: 25 loans worth $21.6 million, and the quietest Key West-Key Largo year before FY2026 was FY2020, at 8 loans and $3.7 million. Key West-Key Largo is built from project counties such as Monroe County, FL; counties are assigned under the July 2023 Key West-Key Largo delineation, with Key West-Key Largo counties matched by name.

Key West-Key Largo, FL: the tests a Key West-Key Largo study must pass

A study for a Key West-Key Largo project should be Key West-Key Largo built for the project's own Key West-Key Largo county, because the micro area total combines different markets. In Key West-Key Largo, with full-service restaurant first in the Key West-Key Largo class table, expect scrutiny of kitchen capacity against peak service, plus the lease term against payback and the lunch and dinner balance. A Key West-Key Largo request in limited-service restaurant turn on build-out cost for a small box, with competing quick-service sites nearby close behind. Cash flow for a Key West-Key Largo loan should hold in a soft year; the lender will ask what the structure would fetch in a sale. With larger tickets common in Key West-Key Largo, the analysis should tie the amount to what the Key West-Key Largo site earns, whatever the area norm.