Feasibility Study Data for the LaGrange, GA-AL Micro Area

LaGrange scale: counts, dollars and typical loans in LaGrange, GA-AL

Project sites in LaGrange drew 126 SBA approvals across the LaGrange, GA-AL micro area over FY2017 to FY2026, and $89.5 million in gross dollars stands behind them. LaGrange holds rank 417 of 928 against every other statistical area, LaGrange among them. Loan size centers on $389,500; the middle half of LaGrange approvals run from $150,000 to $891,250. LaGrange borrowers borrow more, at 1.87x of the national median. Large LaGrange tickets are the first thing that sets LaGrange apart.

LaGrange: which programs and lenders serve LaGrange, GA-AL

The micro area shows 113 loans under 7(a), against 13 under 504. LaGrange is a 7(a) LaGrange market first. Franchise brands account for 14.3% of loans. 14 loans worth $12.2 million put Metro City Bank first among 7(a) holders, and Northeast Bank (ME) comes second with 12 loans and $1.5 million. The count for Pinnacle Bank (TN) is 7 loans; Colony Bank has 7. Under 504, Florida Business Development Corporation is the lead holder with 5 loans and $4.5 million. These are SBA's records of LaGrange loans held or once held. In LaGrange, the line for Metro City Bank appears since SBA lists it as current LaGrange holder; the LaGrange list neither praises nor faults any holder.

LaGrange, GA-AL: which classes and counties lead LaGrange

The larger share of the LaGrange record falls outside the class table: 70 loans filed under other codes. The LaGrange rows below are a partial view. The class LaGrange table opens with full-service restaurant, 14 LaGrange loans, ahead of gas station and truck stop at 10, and limited-service restaurant at 7. Smaller classes follow, among them beverage manufacturing (breweries, wineries, distilleries) at 5 loans. The county table starts with Troup County, GA at 94 loans, followed by Chambers County, AL with 32. Demand varies between these counties, so the LaGrange figure hides some spread.

LaGrange, GA-AL: reading the outcome floors for LaGrange

Looking at FY2017 to FY2024 approvals, LaGrange cancellations came to at least 19.6%. The ceiling, which counts undisbursed LaGrange loans as LaGrange cancelled, comes out the same at 19.6%. Among 49 loans in the FY2017 to FY2021 disbursed LaGrange cohort, charge-offs to date LaGrange stand at a floor of 0.00%, of which 0.00% LaGrange came inside five years of approval. Because loans keep aging, these figures are minimums that can climb and cannot fall. FY2025 was the high point: 21 loans worth $15.7 million; the thinnest LaGrange year before FY2026 was FY2020, with 7 loans for $9.6 million. A loan joins the LaGrange, GA-AL numbers through its project county, as with Troup County, GA or Chambers County, AL; the 2023 LaGrange delineation of statistical areas draws the threshold, with LaGrange counties matched by name.

LaGrange: testing a project in LaGrange, GA-AL

Any LaGrange feasibility study LaGrange must start from the project's own LaGrange county, because the micro LaGrange area total blends different markets. In LaGrange, with full-service restaurant first in the LaGrange class table, the study should test how LaGrange diners split by daypart, kitchen capacity against peak service and the lease term against payback. For gas station and truck stop, the next class in LaGrange, the questions are the thin fuel margin and pump count against queues. Debt service coverage in LaGrange needs a poor-year probe; comparable sales near the LaGrange site must support the worth. With larger tickets common in LaGrange, the application must be tied to what the LaGrange site earns, whatever the area norm.