Feasibility Study Data for the Monroe, MI Metro Area

How big the Monroe record is

In Monroe, SBA's files record 295 loans over FY2017 to FY2026, totalling $117.4 million of gross dollars. Monroe ranks across every metro and micro area, by loans, number 245 of 928. The middle half of Monroe loans sits between $50,000 and $452,500, around a typical loan of $104,000; that puts the median at 0.50x the nationwide median. Split by program, Monroe shows 287 loans in 7(a) against 8 in 504. Franchises make up 12.9% of approvals.

Monroe: classes and counties

Next, within the business classes we show for Monroe, full-service restaurant leads with 17 loans, trailed by limited-service restaurant (17) and liquor store with 14. Another 198 loans in Monroe fall outside the classes. Every loan in Monroe falls in Monroe County, MI, at 295 loans, which makes our work around Monroe a single-county exercise.

Monroe: lenders on record

Institutions shown for Monroe come from SBA's official Monroe records of the 295 approved loans in Monroe, under their current or past holder; the records locate each position but say nothing of what lenders require. Beyond that, under 7(a) in Monroe, the largest holders are The Huntington National Bank, with 155 loans for $32.8 million; next, KeyBank National Association at 16 loans and $4.6 million. An applicant near Monroe County, MI should write the Monroe study to stand on its own evidence, whichever institution holds the loan.

Monroe: loss floors and years

Looking at Monroe approvals from FY2017 to FY2024, at least 15.4% were cancelled after approval in Monroe, and that is a floor; the full Monroe share can only be higher. In the same files, the charge-off rate for Monroe County, MI is left blank here by Loan Analytics, because under 30 Monroe loans reached disbursement in that cohort. That gap, across Monroe, must never be read as zero losses. Beyond that, on the calendar, Monroe topped out in FY2024 at 49 loans and $17.9 million, and was weakest in FY2026 at 21 loans and $17.0 million.

Monroe: testing a project

For Monroe, begin with demand: who works in Monroe County, MI, who visits from nearby, set against Monroe overall, and what gap the 17 full-service restaurant loans leave. Cost: $104,000 is the Monroe median and $50,000 to $452,500 the central range, so a Monroe County, MI site must price itself against that $104,000 median. Then coverage: Monroe coverage survives a weak year against the 15.4% cancellation floor plus the charge-off rate for Monroe, which is also withheld on a thin cohort. The Monroe appraisal must support the worth financed. Monroe adopts the 2023 July area map; a record whose county entry is unmapped drops out of any area, Monroe among them, but the totals keep loans not in the listed classes.