Feasibility Study Data for the North Port-Bradenton-Sarasota, FL Metro Area

Large loans, franchise-heavy, and losses that arrive early

North Port-Bradenton-Sarasota logs 2,052 loans and $1.42 billion across FY2017 to FY2026, ranking 51 of 928. At $350,000 the median loan reaches 1.68x the country's, and the middle of the distribution spans $150,000 to $816,000. Franchise brands account for 16.4% of loans. The programme split is 1,731 under 7(a) and 321 under 504. The distinguishing detail is timing: charge-offs within five years of approval are 4.8%, close to the 5.9% reached to date, so most of the losses that appear in this record came early in a loan's life.

All of the record sits in two counties: Sarasota County, FL with 1,155 loans and Manatee County, FL with 897. Beyond the 1,509 loans that fall in no tracked class, full-service restaurant leads at 87, limited-service restaurant has 57, fitness center 43 and medical office 42. Assisted living shows 18 loans and rehabilitation and therapy clinic 22, so care uses appear beside shops and restaurants. Hotel and motel stands at 23 and car wash at 20.

Holders of record

The names are SBA's holder records, meaning the institution of record for a loan, and they do not describe underwriting. The Huntington National Bank holds 164 7(a) loans worth $84.7 million, BayFirst National Bank 100 worth $48.7 million, Wells Fargo Bank National Association 84, SouthState Bank, National Association 81 worth $68.4 million, and JPMorgan Chase Bank, National Association 70. The 504 table lists Florida First Capital Finance Corporation, Inc. with 136 loans worth $143.8 million, while Florida Business Development Corporation holds 139 worth $116.6 million.

Cancellation after approval is 12.4% or more across approvals to FY2024, and 14.2% if loans without disbursement are counted too. The funded FY2017 to FY2021 group totals 744 loans, a smaller base than many metros, so these rates are steadier to read than to extrapolate. Volume climbed from 143 loans in FY2020 to 313 loans and $238.2 million in FY2025.

What the study must test

A study for this metro has to test whether local demand supports the proposed use at the larger loan sizes common here, and whether cost and debt service coverage survive an early-loss pattern like the one above. The appraisal then has to hold the value the loan presumes. The 2023 delineation assigns counties, and loans it cannot place are not counted. Lenders and borrowers can read this as context, never as a commitment.