Feasibility Study Data for the Lake Charles, LA Metro Area

The scale of lending in Lake Charles

204 approvals inside Lake Charles, LA between FY2017 and FY2026 carry $174.4 million in gross dollars. Then, Lake Charles comes in at 308 of 928 within all core-based areas counted by loans. $345,000 marks the middle loan; the inner half runs from $150,000 to $1.1 million. Worth noting: the median in Lake Charles stands at 1.66x compared with the nation's median, pointing to tickets that sit above the figure for the nation. Here, Lake Charles counts only the counties in its area, not the blend a state page gives: 204 loans in total.

Lenders and programs in Lake Charles

188 loans in 7(a) stand against 16 loans in 504. Then, 29.4% of all approvals belong to franchised units in Lake Charles. In practice, within 7(a) loans, the leading lenders on loan count rank as The Huntington National Bank booking 21 loans totalling $12.3 million, BayFirst National Bank with 15 loans for $4.0 million; and JPMorgan Chase Bank, National Association booking 13 loans totalling $5.4 million. In practice, within 504, the leading program intermediaries by approvals stand as Louisiana Capital Certified Development Company, Inc. at 10 loans and $3.2 million. Worth noting: these names follow SBA data covering 204 loans; they describe loans approved alone, never the terms that lenders apply around Lake Charles.

Counties, classes and yearly volume in Lake Charles

19 for hotel and motel, full-service restaurant with 10, gas station and truck stop at 9, then rehabilitation and therapy clinic at 7 top the class table in the file. 126 loans sit outside every named class, so the 204-loan file reaches beyond any class table. Also, 5 loans in fitness center inside Lake Charles are too few for a pattern. Here, among the counties, Calcasieu Parish (188) followed by Jefferson Davis Parish (16) take the largest shares. In practice, by year, FY2017 kicks off at 11 loans and $14.8 million; FY2018 is the high point at 30 loans and $24.3 million, then FY2026, the latest year, caps the count at 18 loans and $26.8 million.

What the floors allow in Lake Charles

8.1% among FY2017 to FY2024 approvals in Lake Charles were cancelled after approval before funding, a floor. Worth noting: the ceiling count for Lake Charles is not released, leaving the floor alone. In addition, 7.1% among FY2017 through FY2021 loans disbursed in Lake Charles were charged off, a floor, out of 84 loans. Also, the five-year rate stays withheld for Lake Charles, leaving the to-date floor to stand. Then, treat each percentage on this page like a minimum, as approvals made lately received limited runway to cancel or go bad, across 204 loans. An area on this page is defined as the area of a loan's site county, following July 2023 boundaries as issued; each county are paired name to name, so a project whose project county does not map is absent from all areas as a rule. In practice, named class or not, every loan under either program across Lake Charles counts within its $174.4 million total.

Testing a project in Lake Charles

In Lake Charles, any serious study covering a site should open with the subject property, instead of the 204-loan file. In turn, customer demand in Lake Charles heads the list: can Lake Charles's catchment carry the turnover planned, against competitors around Calcasieu Parish? Also, the local median runs 1.66x of the median nationwide, so prices here may be elevated; price the real scope against quotes from area builders. Separately, coverage of debt service joins demand to cost in Lake Charles: expected net income measured on the annual debt service, plus a downside case. An independent appraisal settles the question in this area: the as-built value must cover the loan asked for. Worth noting: an applicant carrying an outside written study of Lake Charles, ahead of approaching the lenders above, addresses the floors first; credit is decided by SBA and the lender in Lake Charles, so a study cannot guarantee it.