Feasibility Study Data for the Ottawa, IL Micro Area

Ottawa, IL: loan volume and median size around Ottawa

SBA approved 101 loans across the Ottawa, IL micro area from FY2017 through FY2026, carrying $76.3 million across every asset class. Ottawa holds rank 466 of 928 against every other statistical area, Ottawa among them. A typical Ottawa loan is $500,000, with half of all loans between $200,000 and $900,000. Against the country, Ottawa borrowers take larger loans, with a median 2.40x of the national one. Nationally, Ottawa loans run smaller than they do here.

Ottawa borrowers, programs and holders in Ottawa, IL

The program split in Ottawa is 86 under 7(a) and 15 under 504. Ottawa is a 7(a) Ottawa market first. Franchise brands account for 17.8% of loans. On the 7(a) side, Midland States Bank leads with 13 loans and $8.7 million. Second place is Byline Bank: 7 loans, $5.1 million. The count for The Huntington National Bank is 6 loans, with 5 more at Peru Federal Savings Bank. On 504, SomerCor 504, Inc. comes first: 7 loans, $2.3 million. Every lender Ottawa row is SBA's record of holdings. Midland States Bank Ottawa appears since SBA names it as the Ottawa holder; that says nothing about how Byline Bank underwrites.

Ottawa by asset class and by county in Ottawa, IL

Most of the Ottawa total sits outside the tracked asset classes: 54 loans that carry codes outside the Ottawa table. The Ottawa class rows therefore describe a minority of Ottawa lending. Hotel and motel is the largest listed class, at 12 loans, Ottawa then gas station and truck stop with 7, and self storage at 6. Smaller Ottawa classes Ottawa follow, among them full-service restaurant at 5 loans and liquor store at 5. LaSalle County, IL is the largest source of loans, with 83. Demand differs between these counties, so the Ottawa figure hides some spread.

Ottawa, IL: how to read Ottawa cancellations and charge-offs

A minimum of 9.3% of Ottawa approvals made in FY2017 to FY2024 Ottawa never funded; the ceiling, treating undisbursed Ottawa loans as cancelled, is also 9.3%. No charge-off rate is shown for Ottawa: too few Ottawa loans reached the funded cohort, so Ottawa gets no rate, and a blank not signals none. Volume crested in FY2024, at 17 loans and $13.8 million, while FY2017 was the low point before FY2026, at 7 loans and $3.4 million. Years that rest on very few Ottawa loans are withheld from the Ottawa table, and no stand-in Ottawa figure is supplied for them. Membership in the Ottawa, IL micro area follows the project county: LaSalle County, IL, LaSalle County, IL and the rest. Then the 2023 Ottawa delineation of statistical areas sets the line, with Ottawa counties matched by name.

Ottawa, IL: what an Ottawa feasibility study has to test

Any Ottawa feasibility study should be built for one Ottawa site and one Ottawa county, given how unlike its Ottawa counties can be. Since hotel and motel leads the Ottawa class table, it has to examine room-night demand by segment and the brand and flag question, then the pipeline of new rooms. An Ottawa request in gas station and truck stop turn on environmental history of Ottawa sites, with pump count against queues close behind. Cash flow for an Ottawa loan Ottawa should be run against a downturn; the Ottawa appraisal has to rest on local Ottawa comparables and income. In Ottawa, with larger tickets common in Ottawa, the request should be tied to what the Ottawa site earns, whatever the area norm.