Feasibility Study Data for the Laurel, MS Micro Area

Laurel: what the area shows

Laurel, MS logged 135 SBA approvals in FY2017 to FY2026, worth $83.5 million in gross dollars. Laurel counts as a mid-table area, ranked 399 of 928 by loans. In Laurel, MS, every asset class is pooled for Laurel. That view of Laurel is missing from MS and national tables.

Laurel: half of loans run $74,750 to $737,500, around a median of $218,000. Laurel sits close to the national level, at 1.05x the national median, so a Laurel study should size its request from Laurel approvals. Laurel, MS has no program counts: Laurel's split is withheld, and Laurel never reads withheld as none. The Laurel franchise share is withheld; Laurel must not read it as zero.

Laurel: classes, places and lenders

Tracked classes in Laurel, with loan counts: full-service restaurant 11. 107 Laurel loans sit outside the tracked classes, so Laurel operating businesses show up in these totals. Jones County, MS (96 loans) and Jasper County, MS (39 loans) lead by county; a Laurel study names which county it covers. Laurel 7(a) volume: Peoples Bank (MS) ($6.8 million, 25 loans); Community Bank of Mississippi ($5.1 million, 25 loans); First Financial Bank (AR) ($9.1 million, 12 loans). Peoples Bank (MS)'s 25 loans, like every Laurel lender figure, are an SBA record of Laurel loans held or once held. No Laurel lender is judged by these counts.

Laurel goes from 15 loans in FY2017 to 18 in FY2026, ending higher: the peak was 19 in FY2021, and the trough 7 in FY2019. Laurel cancellations stand at 10.4%, a floor, for Laurel approvals in FY2017 to FY2024; Laurel's ceiling is withheld, never zero in Laurel. A charge-off floor for Laurel would rest on a thin cohort of 135 loans, so Laurel withholds it; withheld is not zero. Laurel faces a geography limit: Laurel, MS uses the July 2023 definition; 135 loans are matched by county, and unplaceable Laurel loans are omitted, so Laurel counts and rates are floors.

Laurel: testing a project

Any Laurel study defines its Laurel trade area first, since lending in Jones County, MS differs from lending across Laurel, MS. If a Laurel concept resembles full-service restaurant, Laurel offers size and lender precedent; other Laurel concepts must rest on their own Laurel evidence. Local bids set Laurel costs; Laurel debt service coverage then needs tests at $218,000 and at $737,500. Laurel is micropolitan, so sales are sparse; the Laurel appraisal must state its reach in Laurel, MS. The Laurel record frames questions, and each lender in Laurel decides on its own.