Feasibility Study Data for the Lafayette, LA Metro Area

Lending in outline for Lafayette

570 approvals for projects in Lafayette, LA from FY2017 to FY2026 come to $348.4 million gross. Worth noting: Lafayette sits at 156 of 928 among all CBSAs by loans. Beyond that, $267,500 sets the median; the inner half extends from $134,625 to $657,900. The median here is 1.29x against the country's median, so tickets run over what the country sees. In practice, Lafayette keeps to the counties in its area, and never a whole state's average: 570 loans in total.

Program split and lender roster for Lafayette

498 7(a) approvals compare with 72 approvals under 504. In turn, 15.4% of the approvals carry a franchise brand in this area. Also, under 7(a) cases, the largest lenders by count come out as Gulf Coast Bank with 105 loans and $64.5 million, Northeast Bank (ME) holding 36 loans worth $5.2 million; and Rayne State Bank & Trust Company holding 31 loans worth $19.5 million. For 504 approvals, the busiest certified development companies on loan count are Louisiana Capital Certified Development Company, Inc. holding 66 loans and $35.3 million. Worth noting: the names here follow SBA files on 570 loans; they describe completed approvals alone, and not what lenders apply near Lafayette.

Classes, counties and the unclassified bulk in Lafayette

20 in hotel and motel, full-service restaurant at 18, limited-service restaurant with 16, followed by 13 for fitness center top the class table. Worth noting: 410 approvals fall apart from the named classes, so the Lafayette total covers more than any class table. Here, 5 loans in self storage inside Lafayette form too thin a base to show a trend. Then, across the counties, Lafayette Parish (460), St. Martin Parish (43), and Vermilion Parish (43) lead the loan count. Year by year, FY2017 begins at 61 loans and $22.4 million; FY2025 is the peak at 69 loans and $49.3 million, while the full fiscal year FY2026 concludes the series at 52 loans and $19.1 million.

The outcome floors in Lafayette

8.2% of FY2017 through FY2024 approvals in Lafayette were cancelled before funding, which is a floor. For context, Loan Analytics withholds the ceiling count here under its small-count rule, leaving the floor alone. Then, 6.0% among FY2017 to FY2021 disbursed loans in Lafayette have been charged off, a floor; 3.6% were charged off in under five years post-approval, across a cohort of 249 disbursed loans. Also, treat each share printed here as a floor, as loans written recently have had too little opportunity to cancel or go bad, across 570 loans. In turn, membership here follows the area holding each loan's county of project, from the July 2023 delineation; counties get matched using the name, while any loan whose county does not map is dropped from all areas without exception. Class or no class, any approval under 7(a) or 504 across Lafayette counts toward its $348.4 million total.

Testing a project in Lafayette

Throughout Lafayette, a proper study for a building should start at the specific operator, not from the 570-loan file. In addition, demand in Lafayette is tested first: does Lafayette's trade area sustain the receipts projected, set against rivals around Lafayette Parish? The area median comes to 1.29x compared with the national median, test the real scope against quotes from nearby trades. Debt service coverage binds demand to cost in Lafayette: expected net income set against loan payments, along with a downside case. In turn, an independent appraisal finishes the job for Lafayette: market value on completion must cover the sum sought. Then, a borrower who brings a third-party feasibility study of Lafayette, before calling on a lender, has met the floors early; the call is made by SBA and the lender in Lafayette, and a study only informs it.