Feasibility Study Data for the Lansing-East Lansing, MI Metro Area

Lansing-East Lansing appears in SBA's files with 915 approved loans and $367.3 million gross for FY2017 to FY2026, a standing of 104 of 928. Of those loans 829 are 7(a) and 86 are 504. Median loan in Lansing: $150,000. Lansing reads 0.72x against the national figure. Within Lansing, half of loans are $50,000 to $416,500. Franchises account for 9.4% of loans. The area is home to a state capital and a large university, but this page rests only on lending records, which say nothing about those institutions' economic weight.

A bank with a commanding share

The Huntington National Bank holds 385 of the area's 7(a) loans, $64.5 million, while the next names, Capitol National Bank with 31 loans and $21.0 million and CASE CU with 30 loans and $7.4 million, are far smaller. On 504, Michigan Certified Development Corporation is the sole name listed, with 76 loans and $49.8 million. Lansing lender figures are SBA's records. Lansing names hold or held those loans. Lansing counts show volume only, and Lansing counts judge no lender or requirement.

Classes, counties and a falling count

Full-service restaurant tops Lansing's named classes with 50 loans; limited-service restaurant has 32, fitness center 20, hotel and motel 18 and coffee shop and snack bar 15, while 681 loans fall outside the named classes. Ingham County holds 585 loans, Eaton County 188 and Clinton County 142. Annual count slid from 105 loans and $33.7 million in FY2017 to 54 loans and $29.5 million in FY2026, the low of the span, though FY2025 reached a peak of 112 loans and $52.2 million.

Lansing floors and the work to commission

Lansing cancellations after approval reached at least 10.7%. Lansing approvals span FY2017 to FY2024. Lansing reaches 12.6% when undisbursed loans count. In Lansing, 403 funded loans show charge-offs. Lansing floors them at 4.5% or more. Lansing has 2.7% within five years. Every Lansing rate here is a floor, as open Lansing loans may move it. Lansing follows county placement. Lansing matches each project's county by name. Lansing then applies the July 2023 delineation. Lansing leaves out loans with unplaceable counties, and Lansing counts all approvals, named or not. A study for a Lansing-area project should test demand where the site sits, build cost honest to a modest ticket, a conservative-year debt service run, and value drawn from nearby sales. Restaurants, the lead class, need sales per seat and occupancy checks; coffee shops need ticket size and rent against a small footprint. Daniel Smith, MAI, signs every Lansing study. Loan Analytics prepares each Lansing study.