Feasibility Study Data for the Michigan City-La Porte, IN Metro Area
What SBA's own loan files show about lending in the Michigan City-La Porte, IN Metro Area, every asset class together, and what a feasibility study for a project there has to test.
What SBA's files say about Michigan City-La Porte
Across Michigan City-La Porte, the agency's approval files list 244 approved loans from FY2017 to FY2026, totalling $137.5 million of gross dollars. Michigan City-La Porte stands against all such areas nationwide, on approval count, at 277 of 928. The core of Michigan City-La Porte lending runs from $51,150 to $732,425, about a median of $196,000; so the median stands at 0.94x the national median. Around LaPorte County, IN, SBA 7(a) carries 199 loans, against 45 by way of SBA 504. Worth noting, franchise brands account for 12.3% of the loans.
Michigan City-La Porte: classes and counties
Notably, of the asset classes we count for Michigan City-La Porte, the leader is limited-service restaurant with 19 loans, ahead of hotel and motel, 11 loans and full-service restaurant, 11 loans. Also 161 loans in Michigan City-La Porte sit outside every class. Every loan in Michigan City-La Porte falls in LaPorte County, IN, at 244 loans, which makes a feasibility study around Michigan City-La Porte a single-county exercise.
Michigan City-La Porte: lenders on record
Lenders named for Michigan City-La Porte derive from SBA's official Michigan City-La Porte records of the 244 loans in Michigan City-La Porte, with the holder as SBA lists it; these entries log each holding but offer nothing on lender standards. Further, among 7(a) loans in Michigan City-La Porte, the biggest holders are Centier Bank, holding 33 loans worth $7.5 million, then Horizon Bank at 18 loans and $6.0 million. Among 504 loans in Michigan City-La Porte, the entries read Regional Development Company, holding 29 loans worth $22.3 million and Business Development Corporation (BDC), with 10 loans for $7.1 million. Besides, a borrower near LaPorte County, IN can ask each lender which documents it wants, then fit the Michigan City-La Porte study to meet those answers.
Michigan City-La Porte: cancellations and charge-offs
Looking at Michigan City-La Porte approvals from FY2017 to FY2024, at least 11.0% were cancelled after approval in Michigan City-La Porte, which is a floor; the full Michigan City-La Porte rate may be higher. Beyond that, a loss rate from charge-off around LaPorte County, IN is not printed, because the cohort has under 30 Michigan City-La Porte loans. That blank, across Michigan City-La Porte, must not be read as zero losses. In the same files, by year, Michigan City-La Porte topped out in FY2017 at 36 loans and $12.3 million, and dipped to its lowest in FY2019 at 12 loans and $2.5 million.
Michigan City-La Porte: what a study tests
The Michigan City-La Porte study starts with customers: who passes in LaPorte County, IN, who travels in, set against Michigan City-La Porte as a whole, and whether the 19 limited-service restaurant loans leave room. Cost: $196,000 is the Michigan City-La Porte median and $51,150 to $732,425 the central range, so a LaPorte County, IN site has to defend its budget against that $196,000 median. Then coverage: Michigan City-La Porte coverage must absorb a weak year against the 11.0% cancellation floor; the charge-off floor is omitted for lack of loans. The Michigan City-La Porte appraisal must support the worth financed. Michigan City-La Porte uses the July 2023 boundaries; a case whose county entry has no match is absent from any area, Michigan City-La Porte among them, while the totals cover loans beyond any named class.
SBA loans in the Michigan City-La Porte, IN Metro Area
| Loans approved, FY2017 to FY2026 | 244 |
|---|---|
| Gross dollars approved | $137.5 million |
| Median loan | $196,000 |
| Middle half of loans, from | $51,150 |
| Middle half of loans, to | $732,425 |
| SBA 7(a) loans | 199 |
| SBA 504 loans | 45 |
| Franchise share of loans | 12.3% |
| Rank among metro and micro areas by loans | 277 of 928 |
| Median loan against the national median | 0.94x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.0% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
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 Michigan City-La Porte, IN Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 36 | $12.3 million |
| FY2018 | 26 | $13.2 million |
| FY2019 | 12 | $2.5 million |
| FY2020 | 29 | $17.0 million |
| FY2021 | 19 | $9.8 million |
| FY2022 | 27 | $15.5 million |
| FY2023 | 28 | $16.4 million |
| FY2024 | 33 | $28.7 million |
| FY2025 | 14 | $5.8 million |
| FY2026 | 20 | $16.3 million |
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 161 |
| Limited-service restaurant | 19 |
| Hotel and motel | 11 |
| Full-service restaurant | 11 |
| Coffee shop and snack bar | 8 |
| Automotive mechanical repair (car and truck) | 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 |
|---|---|---|
| Regional Development Company | 29 | $22.3 million |
| Business Development Corporation (BDC) | 10 | $7.1 million |
| Lender | Loans | Dollars |
|---|---|---|
| 1st Source Bank | 74 | $8.5 million |
| Centier Bank | 33 | $7.5 million |
| Horizon Bank | 18 | $6.0 million |
| The Huntington National Bank | 8 | $5.5 million |
| First Bank of the Lake | 6 | $9.8 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 |
|---|---|
| LaPorte County, IN | 244 |
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-33140.
Related feasibility study pages
- Indiana feasibility study consultant
- Feasibility Study Data by Metro Area
- Feasibility studies for SBA 7(a) and 504 loans
- Feasibility Study Data for the Indianapolis-Carmel-Greenwood, IN Metro Area
- Feasibility Study Data for the Fort Wayne, IN Metro Area
- Feasibility Study Data for the South Bend-Mishawaka, IN-MI Metro Area
- Feasibility Study Data for the Evansville, IN Metro Area
- Feasibility Study Data for the Lafayette-West Lafayette, IN Metro Area
- Feasibility Study Data for the Elkhart-Goshen, IN Metro Area
- Feasibility Study Data for the Bloomington, IN Metro Area
- Feasibility Study Data for the Muncie, IN Metro Area
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