Feasibility Study Data for the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area

The approval picture in Miami-Fort Lauderdale-West Palm Beach

17,898 SBA loans for projects in Miami-Fort Lauderdale-West Palm Beach, FL between FY2017 to FY2026 come to $9.28 billion gross. For context, Miami-Fort Lauderdale-West Palm Beach places 4 of 928 within the full set of CBSAs by loan count. In addition, $177,000 stands as the middle loan; the inner half extends from $60,000 to $500,000. Then, the area median comes to 0.85x in proportion to the nation's median, so tickets run less than the figure for the nation. Next, Miami-Fort Lauderdale-West Palm Beach is limited to loans from its own counties, and never a whole state's average: 17,898 loans overall.

7(a), 504 and the lender list for Miami-Fort Lauderdale-West Palm Beach

15,941 loans under 7(a) accompany 1,957 SBA 504 loans. 6.4% of the loans carry franchisees here. Within 7(a) approvals, the top names by loans appear as TD Bank, National Association booking 3,917 loans worth $475.1 million, Wells Fargo Bank National Association holding 1,052 loans and $161.1 million, followed by Newtek Bank, National Association booking 919 loans worth $386.7 million. Separately, under 504, the top program intermediaries by number come out as Florida Business Development Corporation booking 1,017 loans and $945.9 million followed by Florida First Capital Finance Corporation, Inc. holding 860 loans totalling $1.03 billion. The names here come from SBA data covering 17,898 loans; they record completed approvals only, and in no way the standards that lenders apply around Miami-Fort Lauderdale-West Palm Beach.

Classes, counties and the unclassified bulk in Miami-Fort Lauderdale-West Palm Beach

447 for full-service restaurant, 311 for medical office, 297 for limited-service restaurant, followed by 266 in child care center come first among the classes in the file. For context, 14,688 approvals fall apart from all named classes, so the 17,898-loan file reaches beyond any class table. 9 approvals in hospital across Miami-Fort Lauderdale-West Palm Beach make too small a base for any claim. Here, County by county, Miami-Dade County (8,680), Broward County (5,263), then Palm Beach County (3,955) come first. In practice, year by year, FY2017 opens at 1,469 loans and $625.1 million; FY2025 is the busiest year at 2,760 loans and $1.35 billion, then FY2026, a part year, completes the file at 1,894 loans and $1.15 billion.

The outcome floors in Miami-Fort Lauderdale-West Palm Beach

12.8% of FY2017 through FY2024 approvals in Miami-Fort Lauderdale-West Palm Beach have been cancelled after approval before funding, which is a floor; 14.4% is the upper bound counting undisbursed loans. Then, 13.0% of FY2017 through FY2021 disbursed loans in Miami-Fort Lauderdale-West Palm Beach were charged off to date, which is a floor; 7.3% went to charge-off inside five years after approval, out of 6,111 loans. Take each percentage printed here as a lower bound, because loans approved lately have had scant opportunity to fall through or default, and the file holds 17,898 loans. Separately, an area here follows the CBSA of any loan's project county, according to the July 2023 definitions as published; each county are paired using the name, and a project whose home county does not map is omitted from each area list by design. Then, class or no class, every 7(a) and 504 approval in these counties is counted within its $9.28 billion total.

The feasibility questions for Miami-Fort Lauderdale-West Palm Beach

Around Miami-Fort Lauderdale-West Palm Beach, a full study for a property should start at the project itself, instead of the 17,898-loan file. In practice, local demand in Miami-Fort Lauderdale-West Palm Beach is tested first: can Miami-Fort Lauderdale-West Palm Beach's trade area support the turnover planned, set against rivals in places such as Miami-Dade County? For context, the local median runs 0.85x measured against the median nationwide, so everyday approvals come in light; a bigger scheme should demonstrate it can service what it borrows. Separately, coverage of debt service links sales to outlay for Miami-Fort Lauderdale-West Palm Beach: projected net operating income compared with loan payments, and a downside case. Also, the valuation completes the test for Miami-Fort Lauderdale-West Palm Beach: collateral and as-complete value needs to carry the loan put forward. Then, a borrower armed with an independent written study for Miami-Fort Lauderdale-West Palm Beach, before meeting a lender, has faced these rates in advance; the final word is with SBA and the lender for Miami-Fort Lauderdale-West Palm Beach, not the author of a study.