Feasibility Study Data for the Niles, MI Metro Area

Niles lending, in outline

Niles drew 286 SBA approvals across FY2017 to FY2026, worth $133.8 million gross. By loan count, Niles stands 250 of 928 among all areas. Half the Niles loans are $184,850 or smaller. Niles loans in the middle half run $78,500 to $455,050. Set beside the nation, Niles stands at 0.89x. Niles splits into 262 loans under 7(a) and 24 under 504. 15.4% of the loans in Niles carry a franchise brand. Those 286 Niles loans carry $133.8 million.

Niles: which classes and counties lead

Limited-service restaurant (23) tops Niles; full-service restaurant (15) and hotel and motel (12) follow. Fourth in Niles is coffee shop and snack bar, with 11 loans. 184 loans in Niles fit no class, so Niles class patterns say less. Niles consists of Berrien County, MI, where SBA places 286 loans.

Niles: who holds the loans

In Niles, SBA lists the current holder of each loan. Niles holders under 7(a) include 65 loans at The Huntington National Bank ($14.4 million), 33 loans at Horizon Bank ($5.7 million), and 24 loans at United FCU ($12.5 million). Among Niles 504 holders: 12 loans at Business Development Corporation (BDC) ($9.0 million) and 6 loans at Great Lakes Commercial Finance ($3.9 million). For a Niles borrower, the rows are context only. No Niles row states a holder's terms.

Niles: cancellations and charge-offs

8.7% is the Niles cancellation floor for FY2017 to FY2024 approvals. Niles withholds a ceiling: Niles loans are too few. Niles charge-offs: 4.9% among 143 loans disbursed FY2017 to FY2021, a floor. Niles withholds a five-year rate: Niles loans are too few. Treat Niles rates as floors. Later events lift them, Niles included. Niles loans are placed by county name. For Niles, the July 2023 list governs. Niles omits loans with no county match. The Niles total includes loans outside the classes.

Niles: study points

The Niles trend peaks in FY2018 with 44 loans ($13.2 million) and bottoms in FY2020 with 19 ($9.0 million). The first year, FY2017, shows 36 loans and $15.7 million for Niles. FY2026 closes the Niles series at 21 loans, $12.1 million. In Niles, demand testing starts with Berrien County, MI and the businesses already serving it. The Niles median is $184,850. Set Niles budgets beside it; nationally it is 0.89x. Niles coverage is stressed with slower ramp-up. Niles reviewers will weigh the floors above. Niles value is tested against cost by appraisal. Niles comparables decide how. Sources and uses in Niles must tie to bids near Berrien County, MI. The Niles study states its limits beside Berrien County, MI findings.