Feasibility Study Data for the Mayagüez, PR Metro Area

Mayagüez scale: counts, dollars and typical loans in Mayagüez, PR

Project sites in Mayagüez drew 332 SBA approvals for Mayagüez projects from FY2017 through FY2026, worth $57.3 million in gross dollars. Mayagüez holds rank 225 of 928 against every other statistical area, Mayagüez among them. The local median loan is $60,000, while the middle half span $25,000 to $153,000. The national comparison is plain: at 0.29x of the national median. Smaller Mayagüez tickets are the first thing that sets Mayagüez apart.

Mayagüez, PR loans and who holds them around Mayagüez

The program split in Mayagüez is 308 under 7(a) and 24 under 504. Mayagüez is a 7(a) market first. The Mayagüez franchise share is withheld since too few loans stand behind it; this page gives no figure and does not call it zero. 205 loans worth $18.2 million put Banco Popular de Puerto Rico first among 7(a) holders, and Oriental Bank comes second with 58 loans and $7.2 million. Further down, FirstBank Puerto Rico shows 25 loans; Economic Development Bank for Puerto Rico has 13. No 504 holder in Mayagüez reaches the five-loan line needed to be named. Lender Mayagüez figures here are SBA records, nothing more. Banco Popular de Puerto Rico appears where SBA gives it as the Mayagüez holder; that says nothing about how Oriental Bank underwrites.

Mayagüez, PR: classes and counties inside Mayagüez

In Mayagüez, most of the Mayagüez total is outside the tracked classes: 202 loans that carry codes outside the Mayagüez table. The Mayagüez class rows therefore describe a minority of Mayagüez lending. Medical office (physicians) is the largest tracked class, at 37 loans, ahead of full-service restaurant at 14, and assisted living (without nursing care) at 8. Lower in the table come gas station and truck stop with 6 and automotive Mayagüez mechanical repair (car and truck) at 6. By county, Mayagüez Municipio, PR accounts for 141 loans, followed by Cabo Rojo Municipio, PR with 68, with San Germán Municipio, PR third at 56. Demand differs between these counties, so the Mayagüez figure hides some spread.

Mayagüez, PR: outcomes and data limits for Mayagüez

Cancellation after approval reached a floor of 16.0% for Mayagüez approvals in FY2017 to FY2024, and up to 18.9% if undisbursed Mayagüez loans are added to the cancelled. The Mayagüez charge-off rate is withheld: too few loans reached the funded cohort, so Mayagüez gets no rate, and a blank never means none. Volume crested in FY2026, at 47 loans and $11.8 million. FY2018, with 20 loans and $1.7 million, was the weakest year before FY2026. Mayagüez is built from project counties such as Mayagüez Municipio, PR; the 2023 Mayagüez map of statistical areas sets the border, with Mayagüez counties matched by name.

Mayagüez, PR: what a study for a Mayagüez project must prove

A study for a Mayagüez project should be built for the individual county, because area totals mix several markets. Since medical office (physicians) leads the Mayagüez class table, the study should test referral relationships, exam room capacity and payer contracts and rates. For full-service restaurant, the next class in Mayagüez, depend on liquor licence timing and cost and on Mayagüez dining rooms and their weeknight trade. Debt service coverage in Mayagüez has to survive a weak year; the Mayagüez collateral value needs local evidence under it. Since Mayagüez loans skew small, a larger ask should explain why this project warrants it.