Feasibility Study Data for the Modesto, CA Metro Area

Modesto, CA: scale and ticket size, 763 loans

Modesto, CA holds rank 127 of 928 by loans, with 763 approvals for FY2017 to FY2026, $586.7 million gross. Ticket size in Modesto leans high, with $350,000 at the median, 1.68x the national median. The middle half of Modesto approvals runs from $150,000 up to $887,000. In Modesto, a request far outside $150,000 to $887,000 will draw questions. The Modesto study should answer them early in Modesto.

In Modesto, SBA 7(a) accounts for 611 loans, against 152 under SBA 504. 15.5% of the Modesto loans went to franchised businesses. Modesto named classes stand gas station and truck stop with 50, limited-service restaurant with 33 and automotive mechanical repair with 32. The Modesto total of 763 also contains 460 loans that no named class captures. In Modesto, only Stanislaus County, CA appears, holding 763 loans in Modesto.

Modesto lenders: the field in Modesto, CA

In Modesto, lender names come out of SBA's listing of loans each institution has or had in Modesto, per the holder field in Modesto, and they describe a book only. Modesto holders should be read that way. Modesto SBA 7(a) holders at the top: U.S. Bank, National Association with 79 loans worth $23.6 million; Wells Fargo Bank National Association with 51 loans worth $34.1 million; Celtic Bank Corporation with 42 loans worth $59.8 million. In Modesto, SBA 504 holders are led by Success Capital Expansion & Development Corporation with 86 loans worth $71.0 million; The Mortgage Capital Development Corporation with 24 loans worth $35.2 million; Greater Sacramento Certified Development Corporation with 8 loans worth $10.2 million. In Modesto, the top holder leads the rest. A Modesto borrower may still approach any lender in Modesto.

Among FY2017 to FY2024 approvals, Modesto cancellation after approval is 10.8%, a floor. A Modesto ceiling of 12.0% treats unfunded loans as cancelled. Among 311 Modesto loans disbursed FY2017 to FY2021, SBA shows 3.9% charged off so far in Modesto, a floor in Modesto, and withholds the five-year rate. FY2024, at 101 loans, tops the printed yearly counts for Modesto. Modesto membership follows a project's county, from the file to the July 2023 delineation, hence some loan whose county in Modesto has no match is left out of every area in Modesto. The 763 loans in Modesto, CA include those in no named class in Modesto.

Modesto: the tests a study cannot skip in Modesto, CA

In Modesto, demand is the opening test. Measure the trade area around the parcel itself in Modesto, never the metropolitan area in Modesto, and let a weak in Modesto first year pass in Modesto. The Modesto budget is next. Lenders fund a $350,000 median here, though every line should rest on bids, including a reserve for slow Modesto months. Coverage of the Modesto loan payment follows. Calculate coverage at the loan size plus a case with lower revenue, with interest and term stated for Modesto. Lenders in Modesto also rely on appraisals in Modesto, so the study's value logic needs sources that survive review in Modesto. In Modesto, 763 loans spread over many neighbourhoods, and a Modesto study must say which it targets in Modesto. With the median at 1.68x the national level, a smaller Modesto project may look unusual in Modesto. The study should explain its sizing for Modesto against $350,000.