Feasibility Study Data for the Lexington-Fayette, KY Metro Area

The scale of lending in Lexington-Fayette

787 loans for projects in Lexington-Fayette, KY from FY2017 to FY2026 come to $303.8 million in gross dollars. Lexington-Fayette ranks 124 of 928 in the field of all metro and micro areas by loans. In turn, $150,000 stands as the typical loan; the central half falls between $50,000 and $379,450. In practice, the typical loan here is 0.72x in proportion to the country's median, so the typical loan sits beneath the country's norm. Worth noting: Lexington-Fayette keeps to its home counties, not a whole state's average: 787 approvals altogether.

Who finances projects in Lexington-Fayette

732 SBA 7(a) loans accompany 55 approvals under 504. Worth noting: 14.9% of the approvals carry franchisees here. In 7(a) lending, the biggest institutions on loan count appear as Community Trust Bank, Inc. with 190 loans worth $24.8 million, The Huntington National Bank at 62 loans for $20.4 million; and Republic Bank & Trust Company with 49 loans for $15.9 million. Worth noting: across 504, the busiest certified development companies by number appear as Community Ventures Corporation at 37 loans totalling $26.3 million plus Capital Access Corporation - Kentucky with 12 loans and $9.9 million. For context, lender names are taken from SBA records for 787 loans; they record loans made and nothing further, and in no way what lenders want around Lexington-Fayette.

Counties, classes and yearly volume in Lexington-Fayette

29 in full-service restaurant, 28 in fitness center, 23 in limited-service restaurant, plus hotel and motel at 14 head the class list by approvals. Also, 576 loans fall beyond all named classes, so the 787-loan file is wider than what the classes show. Separately, 6 loans in child care center inside Lexington-Fayette make too small a base to show a trend. In practice, looking at counties, Fayette County (485), Scott County (85), followed by Woodford County (79) carry the most loans. Worth noting: across the years, FY2017 kicks off at 80 loans and $28.7 million; FY2025 is the busiest year at 90 loans and $48.1 million, and FY2026, a year not fully booked, ends the sequence at 83 loans and $39.0 million.

What the floors allow in Lexington-Fayette

8.3% of FY2017 through FY2024 approvals in Lexington-Fayette were cancelled before they funded, a floor. Worth noting: the ceiling count here is not released, so only the floor is printed. 5.3% among FY2017 to FY2021 loans disbursed in Lexington-Fayette were charged off to date, a floor; 3.2% went to charge-off inside five years post-approval, out of 341 disbursed loans. Read each share printed here like a lower bound, since approvals made recently got limited runway to cancel or default, across 787 loans. A Lexington-Fayette entry in this file is defined as the statistical area of any loan's project county, from the July 2023 delineation as issued; each county get matched by name, and so a project whose site county cannot be assigned never counts in all areas as a rule. Also, inside and outside the classes, any 7(a) or 504 loan in Lexington-Fayette is added within its $303.8 million total.

The feasibility questions for Lexington-Fayette

Within Lexington-Fayette, a study covering a building starts from the specific operator, and not the 787-loan file. Beyond that, market demand in Lexington-Fayette comes first: does Lexington-Fayette's catchment sustain the income modelled, set against rivals in areas such as Fayette County? The local median runs 0.72x compared with the national median, so most loans here come in light; a bigger scheme has to prove it can carry its debt. Also, debt service coverage binds revenue to cost in Lexington-Fayette: expected net income measured on loan payments, along with a stress case. The appraisal finishes the job for Lexington-Fayette: the as-built value needs to carry the loan proposed. Then, any borrower who brings an outside study of Lexington-Fayette, before approaching the lenders above, has met these rates first; approval is for SBA's reviewers and the lender for Lexington-Fayette, and a study cannot change that.