Feasibility Study Data for the New Orleans-Metairie, LA Metro Area

The scale of lending near New Orleans-Metairie

Between FY2017 and FY2026, SBA approved 1,154 loans for projects in New Orleans-Metairie, together worth $679.3 million of gross approvals. New Orleans-Metairie sits among the full set of areas, ranked by approvals, at rank 85 of 928. The core of New Orleans-Metairie lending sits between $100,000 and $582,500, and a midpoint of $229,000; and the median sits at 1.10x the nationwide median. Here, SBA 7(a) accounts for 1,089 loans, and 65 by way of SBA 504. Separately, franchises make up 11.3% of the record.

New Orleans-Metairie: classes and counties

Also, within the tracked classes we list for New Orleans-Metairie, full-service restaurant is largest with 87 loans, ahead of limited-service restaurant with 39 and hotel and motel (30). Also 776 loans in New Orleans-Metairie belong to no named class. By county, Jefferson Parish, LA carries 523 loans, followed by Orleans Parish, LA (489), St. Charles Parish, LA (41) and St. Bernard Parish, LA (40).

New Orleans-Metairie: institutions behind approvals

Institutions shown for New Orleans-Metairie derive from SBA's official New Orleans-Metairie records of the 1,154 business loans in New Orleans-Metairie, held now or earlier; such records show each holder yet imply no view of how lenders underwrite. Next, on the 7(a) side around Jefferson Parish, LA, the leading holders are Fidelity Bank (117 loans, $21.4 million), ahead of Newtek Bank, National Association at 111 loans and $39.7 million. Among 504 loans in New Orleans-Metairie, SBA names JEDCO Development Corporation at 24 loans and $15.9 million; next, Community Certified Development Corporation (18 loans, $14.8 million). A borrower near Jefferson Parish, LA should ask the New Orleans-Metairie holder Fidelity Bank or other New Orleans-Metairie holders near Jefferson Parish, LA what evidence it requires, then fit the New Orleans-Metairie study around those requests.

New Orleans-Metairie: what followed approval

Looking at New Orleans-Metairie approvals from FY2017 through FY2024, not below 11.9% ended in cancellation after approval in New Orleans-Metairie, which is a floor; the full New Orleans-Metairie figure is no lower. Beyond that, among disbursed New Orleans-Metairie loans approved in FY2017 through FY2021, 7.3% stand charged off up to now, a second floor; 4.2% went to charge-off within five years, from a cohort of 427 loans. By year, New Orleans-Metairie reached its high in FY2025 at 198 loans and $90.9 million, and was weakest in FY2022 at 65 loans and $43.4 million.

New Orleans-Metairie: testing a project

For New Orleans-Metairie, begin with demand: who lives in Jefferson Parish, LA, who works in Orleans Parish, LA, and how those compare with New Orleans-Metairie as a whole, and whether the 87 full-service restaurant loans leave room. Cost: $229,000 is the New Orleans-Metairie median and $100,000 to $582,500 the middle half, so a Jefferson Parish, LA site must price itself against that $229,000 median. Repayment: New Orleans-Metairie coverage withstands a sluggish year against the 11.9% cancellation rate and 7.3% charge-off rate. The New Orleans-Metairie appraisal must back the figure lent against. New Orleans-Metairie uses the 2023 July definition; a case whose listed county is not matched is excluded from every other area, New Orleans-Metairie no exception, but the totals include loans apart from the class list.