Feasibility Study Data for the Kokomo, IN Metro Area

Kokomo scale: counts, dollars and typical loans in Kokomo, IN

115 SBA approvals landed here across the Kokomo, IN metro area over FY2017 to FY2026, for $67.8 million gross. Kokomo holds rank 440 of 928 against every other statistical area, Kokomo among them. A typical Kokomo loan is $242,200, and the central half fall from $77,500 up to $883,950. Against the country, Kokomo borrowers take larger loans, at 1.16x of the national median. Large Kokomo tickets are the first thing that sets Kokomo apart.

Kokomo, IN: franchises, programs and named holders for Kokomo

The program split in Kokomo is 104 under 7(a) and 11 under 504; in Kokomo, 7(a) carries the larger Kokomo share. Franchise brands account for 13.0% of loans. The largest 7(a) Kokomo holder by loans is Community First Bank of Indiana, with 23 loans worth $21.0 million, and The Huntington National Bank comes second with 16 loans and $3.1 million. KeyBank National Association holds 6 loans, then 6 for STAR Financial Bank. No 504 holder in Kokomo reaches the five-loan Kokomo line needed to be named. Every lender Kokomo row is SBA's record of holdings. Community First Bank of Indiana appears on the strength of SBA's Kokomo holder field; no row describes how The Huntington National Bank treats borrowers.

Kokomo, IN: the class table and county table for Kokomo

Most of the Kokomo total sits outside the tracked asset classes: 66 loans filed under other codes. The Kokomo class rows therefore describe a minority of Kokomo lending. Among tracked classes, fitness center leads with 11 loans, Kokomo then gas station and truck stop with 8, and full-service restaurant at 8. Further Kokomo down sit limited-service restaurant, 6 loans. By county, Howard County, IN accounts for 115 loans. Land, rents and rivals vary by Kokomo county, so the Kokomo figure hides some spread.

Kokomo, IN: outcomes and data limits for Kokomo

The Kokomo cancellation rate is withheld because the Kokomo cohort is too small to support one; withheld does not mean none were cancelled. No charge-off rate is shown for Kokomo: too few Kokomo loans reached the funded cohort, so Kokomo gets no Kokomo rate, and a gap never means none. The busiest year was FY2024, with 18 loans for $12.1 million. FY2022, with 6 loans and $3.0 million, was the weakest year before FY2026. Kokomo is built from project counties such as Howard County, IN, the July 2023 Kokomo delineation decides which counties belong, so a loan from an unmatched Kokomo county appears nowhere.

Kokomo, IN: what a study for a Kokomo project must prove

Any Kokomo feasibility analysis should be built for the particular Kokomo county, since area totals mix several markets. Kokomo lenders see fitness center most often, so it has to examine equipment replacement cycles and churn and nearby club pricing, then membership depth within the catchment. A Kokomo request in gas station and truck stop depend on environmental history of Kokomo sites and on tank and environmental liability. Debt service coverage in Kokomo has to survive a weak year; the Kokomo collateral value needs local evidence under it. Around Kokomo, since Kokomo loans skew large, the Kokomo study should tie the amount to the Kokomo project and not to the area.