Worked Example: Conventional Bank Marina Acquisition and Dock Expansion Feasibility Study in Kentucky
A worked example of the feasibility study a lender would read for a marina project in Kentucky, financed with a conventional bank loan.
Feasibility Study Data for the Louisville/Jefferson County, KY-IN Metro Area
What SBA's own loan files show about lending in the Louisville/Jefferson County, KY-IN Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Louisville/Jefferson County: the size of the record
For Louisville/Jefferson County, SBA shows $1.04 billion on 2,010 loans, FY2017 to FY2026. On loan count, Louisville/Jefferson County stands 54 of 928 among all areas. Louisville/Jefferson County loans center on $200,000, the median. Louisville/Jefferson County middle half: $75,000 to $500,000. Louisville/Jefferson County: 0.96x of the national median. Louisville/Jefferson County splits into 1,850 loans under 7(a) and 160 under 504. 17.8% of the loans in Louisville/Jefferson County carry a franchise brand. $1.04 billion is the Louisville/Jefferson County dollar total.
Louisville/Jefferson County: classes and counties
Full-service restaurant (120) tops Louisville/Jefferson County; limited-service restaurant (73) and fitness center (54) follow. Fourth in Louisville/Jefferson County is automotive mechanical repair, with 39 loans. The Louisville/Jefferson County record also holds 1,450 loans in no tracked class. SBA assigns Louisville/Jefferson County loans mostly to Jefferson County, KY (1,269), Clark County, IN (192), and Floyd County, IN (145). At the other end, Washington County, IN holds 21 loans, a sign that Louisville/Jefferson County is not one market.
Louisville/Jefferson County: lenders in the record
SBA gives the current holder of each Louisville/Jefferson County loan. Louisville/Jefferson County 7(a) holders include 219 loans at U.S. Bank, National Association ($47.9 million), 217 loans at Republic Bank & Trust Company ($81.1 million), and 185 loans at The Huntington National Bank ($60.2 million). Louisville/Jefferson County holders under 504 include Alloy Development Co., Inc. with 21 loans ($25.2 million) and Community Ventures Corporation with 14 loans ($9.6 million). For a Louisville/Jefferson County borrower, these rows give background only. No Louisville/Jefferson County row promises approval anywhere.
Louisville/Jefferson County: cancellations and charge-offs
Louisville/Jefferson County cancellation, FY2017 to FY2024 approvals: 10.1%. It is a floor for Louisville/Jefferson County. Treating undisbursed Louisville/Jefferson County loans as cancelled gives 11.0%, the ceiling. Of 816 Louisville/Jefferson County loans disbursed FY2017 to FY2021, 5.0% are charged off to date, a floor. Within five years of approval, Louisville/Jefferson County stands at 2.9%. A lender reading Louisville/Jefferson County takes both rates as the least. Louisville/Jefferson County history only grows. In Louisville/Jefferson County, a county name places each loan. The July 2023 delineation defines Louisville/Jefferson County. Louisville/Jefferson County omits loans with no county match. Loans outside the classes count in Louisville/Jefferson County totals.
Louisville/Jefferson County: study points
Louisville/Jefferson County approvals were thinnest in FY2020 (165 loans, $91.4 million) and heaviest in FY2025 (280 loans, $163.6 million). The first year, FY2017, shows 171 loans and $69.9 million for Louisville/Jefferson County. FY2026 closes the Louisville/Jefferson County series at 236 loans, $146.4 million. For a project near Jefferson County, KY, the Louisville/Jefferson County study opens with demand: payers, frequency, price. The Louisville/Jefferson County median is $200,000. Set Louisville/Jefferson County budgets beside it; nationally it is 0.96x. Louisville/Jefferson County debt service is run twice: plan, then stress. Louisville/Jefferson County reviewers expect both. A final Louisville/Jefferson County check sets appraised value against cost. Sponsor equity and reserves in Louisville/Jefferson County are shown beside Jefferson County, KY costs. Beside Jefferson County, KY findings, the Louisville/Jefferson County study lists what it could not test.
SBA loans in the Louisville/Jefferson County, KY-IN Metro Area
| Loans approved, FY2017 to FY2026 | 2,010 |
|---|---|
| Gross dollars approved | $1.04 billion |
| Median loan | $200,000 |
| Middle half of loans, from | $75,000 |
| Middle half of loans, to | $500,000 |
| SBA 7(a) loans | 1,850 |
| SBA 504 loans | 160 |
| Franchise share of loans | 17.8% |
| Rank among metro and micro areas by loans | 54 of 928 |
| Median loan against the national median | 0.96x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 10.1% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 11.0% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 5.0% |
| Charged off within five years of approval | 2.9% |
| Loans in that cohort | 816 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Louisville/Jefferson County, KY-IN Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 171 | $69.9 million |
| FY2018 | 202 | $76.5 million |
| FY2019 | 183 | $66.1 million |
| FY2020 | 165 | $91.4 million |
| FY2021 | 193 | $123.7 million |
| FY2022 | 170 | $95.2 million |
| FY2023 | 206 | $108.7 million |
| FY2024 | 204 | $99.5 million |
| FY2025 | 280 | $163.6 million |
| FY2026 | 236 | $146.4 million |
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 1,450 |
| Full-service restaurant | 120 |
| Limited-service restaurant | 73 |
| Fitness center | 54 |
| Automotive mechanical repair (car and truck) | 39 |
| Hotel and motel | 38 |
| Child care center | 29 |
| Coffee shop and snack bar | 26 |
| Beauty salon | 25 |
| Car wash | 22 |
| Dental office | 21 |
| Medical office (physicians) | 20 |
| Beverage manufacturing (breweries, wineries, distilleries) | 15 |
| Caterers (includes banquet halls with catering staff) | 9 |
| Gas station and truck stop | 8 |
| Veterinary clinic | 8 |
| Nonresidential lessor (flex, office and retail investor buildings) | 7 |
| Self storage | 6 |
| Assisted living (without nursing care) | 6 |
| Rehabilitation and therapy clinic | 6 |
| Behavioral health and addiction treatment | 6 |
| Liquor store | 6 |
| Grocery store | 6 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Premier Capital Corporation | 55 | $37.2 million |
| Capital Access Corporation - Kentucky | 52 | $35.8 million |
| Alloy Development Co., Inc. | 21 | $25.2 million |
| Community Ventures Corporation | 14 | $9.6 million |
| Indiana Statewide Certified Development Corporation | 11 | $8.6 million |
| Lender | Loans | Dollars |
|---|---|---|
| Stock Yards Bank & Trust Company | 233 | $124.2 million |
| U.S. Bank, National Association | 219 | $47.9 million |
| Republic Bank & Trust Company | 217 | $81.1 million |
| The Huntington National Bank | 185 | $60.2 million |
| PNC Bank, National Association | 79 | $13.4 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Jefferson County, KY | 1,269 |
| Clark County, IN | 192 |
| Floyd County, IN | 145 |
| Oldham County, KY | 100 |
| Shelby County, KY | 90 |
| Bullitt County, KY | 72 |
| Harrison County, IN | 34 |
| Nelson County, KY | 34 |
| Spencer County, KY | 23 |
| Washington County, IN | 21 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-31140.
Related feasibility study pages
- Kentucky feasibility studies for SBA and USDA loans
- Indiana feasibility studies for SBA and USDA loans
- Feasibility Study Data by Metro Area
- SBA feasibility study consultant
- Feasibility Study Data for the Lexington-Fayette, KY Metro Area
- Feasibility Study Data for the Bowling Green, KY Metro Area
- Feasibility Study Data for the Pikeville, KY Micro Area
- Feasibility Study Data for the Owensboro, KY Metro Area
Feasibility study data by asset class in the Louisville/Jefferson County, KY-IN Metro Area
- Full-service restaurant
- Limited-service restaurant
- Fitness center
- Automotive mechanical repair (car and truck)
- Hotel and motel
- Child care center
- Coffee shop and snack bar
- Beauty salon
Worked examples
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Louisville/Jefferson County, KY-IN Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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