Feasibility Study Data for the Lima, OH Metro Area

Lima, OH: what the SBA record contains for Lima

Project sites in Lima drew 143 SBA approvals across the Lima, OH metro area over FY2017 to FY2026, and $55.1 million in gross dollars stands behind them. Lima holds rank 384 of 928 against every other statistical area, Lima among them. The local median loan is $130,000, while the middle half span $44,000 to $381,100. Against the country, Lima borrowers take smaller loans, at 0.63x of the national median. Nationally, Lima loans run larger than they do here.

Lima lenders and the programs they use in Lima, OH

The program split in Lima is 131 under 7(a) and 12 under 504, which makes 7(a) the Lima program most borrowers use. The franchise share of Lima loans is 9.1%. In 7(a), the biggest Lima holder is The Huntington National Bank: 60 loans, $13.6 million in all; next is The State Bank and Trust Company, 11 loans for $4.1 million. The count for U.S. Bank, National Association is 11 loans, then 9 for West Central Development Corporation. No 504 holder in Lima reaches the five-loan Lima line needed to be named. Each Lima lender qualify reflects what SBA Lima shows as held, now or before. A line for The Huntington National Bank Lima appears on the strength of SBA's Lima holder field; it is no judgment of policy at The State Bank and Trust Company or elsewhere.

Lima: class and county mix across Lima, OH

The larger share of the Lima record falls outside the class table: 110 loans that carry codes outside the Lima table. The Lima class rows therefore describe a minority of Lima lending. The Lima class table opens with limited-service restaurant, 7 loans, then full-service restaurant with 5. Allen County, OH is the largest source of loans, with 143. Demand differs between these counties, so the Lima figure hides some spread.

Lima, OH: reading the outcome floors for Lima

Looking at FY2017 to FY2024 approvals, Lima cancellations came to at least 9.2%. A ceiling for Lima would sit above 9.2%, but that Lima figure is withheld at the source. 0.00% of the 58 loans Lima disbursed in FY2017 to FY2021 are known Lima charge-offs, and the proportion is a floor, of which 0.00% came inside five years of approval. Seasoning continues, making these floors with later Lima data able only to raise them. FY2017 was the high point: 17 loans worth $5.8 million, and the quietest Lima year before FY2026 was FY2019, at 10 loans and $1.8 million. Membership in the Lima, OH metro area follows the project county: Allen County, OH, Allen County, OH and the rest, county membership trails the 2023 delineation, with Lima counties matched by name.

Lima: demand, cost, coverage and appraisal in Lima, OH

In Lima, a study has to be prepared for the particular Lima county, since area sums mix several markets. Since limited-service restaurant leads the Lima class table, the study should test build-out cost for a small box, drive-through and counter throughput and competing quick-service sites nearby. A Lima request in full-service restaurant depend on how Lima diners split by daypart and on the lease term against payback. Debt service coverage in Lima needs a poor-year check; comparable sales near the Lima site must support the value. Since Lima loans skew small, a larger application will draw questions the Lima study should answer first.