Feasibility Study Data for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area

Philadelphia, PA by the numbers: loans, dollars and rank for Philadelphia-Camden-Wilmington

SBA approved 12,396 loans for Philadelphia-Camden-Wilmington projects from FY2017 through FY2026, worth $5.96 billion in gross dollars. The metro area sits at 10 of 928 on volume, measured against all such areas including Philadelphia-Camden-Wilmington. Loan size centers on $150,000, and the central half fall from $50,000 up to $500,000. Against the country, Philadelphia-Camden-Wilmington borrowers take smaller loans, with a median 0.72x of the national one. Nationally, loans run larger than they do here.

Philadelphia, PA: 7(a), 504 and the holders behind Philadelphia-Camden-Wilmington

The metro area shows 11,850 loans under 7(a), against 546 under 504; in Philadelphia-Camden-Wilmington, 7(a) carries the larger share. The franchise share of Philadelphia-Camden-Wilmington loans is 10.9% in this metro area. Among 7(a) holders, TD Bank, National Association stands first, at 2,996 loans and $353.3 million; next is Manufacturers and Traders Trust Company, 917 loans for $131.8 million. Further down, Wilmington Savings Fund Society FSB shows 666 loans; Wells Fargo Bank National Association has 426. On 504, Empire State Certified Development Corporation comes first: 212 loans, $206.9 million. South Eastern Economic Development Company of Pennsylvania trails with 155. Read the lender rows as SBA records of holdings. The line for TD Bank, National Association appears as the holder SBA reports; no row states what any lender requires.

Philadelphia, PA: where Philadelphia-Camden-Wilmington loans sit by class and county

The larger share of the Philadelphia-Camden-Wilmington record falls outside the class table: 9,039 loans under other industry codes. The rows below are a partial view. Full-service restaurant is the largest tracked class, at 618 loans, then limited-service restaurant with 440 and child care center with 305. Smaller classes follow, among them fitness center at 272 loans and automotive mechanical repair (car and truck) at 230. By county, Philadelphia County, PA accounts for 2,328 loans and then Montgomery County, PA at 2,126 and Bucks County, PA with 1,556. Demand differs between these counties, which the metro area total blends together.

Philadelphia-Camden-Wilmington: outcome rates, trend and data limits in Philadelphia, PA

Cancellation after approval reached a floor of 12.2% for Philadelphia-Camden-Wilmington approvals in FY2017 to FY2024; on the wider view that undisbursed loans are lost, the ceiling is 13.6%. The FY2017 to FY2021 cohort of 4,947 disbursed loans shows charge-offs to date of at least 7.3%; within five years of approval the rate was 4.3%. Time is still passing on these loans, which keeps these rates as floors, so the final figure is higher or equal. The busiest year was FY2025, with 1,678 loans for $821.6 million, while FY2020 was the low point before FY2026, at 773 loans and $447.4 million. Membership in the Philadelphia, PA metro area follows the project county: Philadelphia County, PA, Montgomery County, PA and the rest, the 2023 delineation of statistical areas draws the line, and loans in counties that cannot be matched go uncounted in Philadelphia-Camden-Wilmington.

Philadelphia, PA: what a Philadelphia-Camden-Wilmington feasibility study has to test

In Philadelphia-Camden-Wilmington, a study has to be written for the particular county, given how unlike its counties can be. With full-service restaurant first in the Philadelphia-Camden-Wilmington class table, the study should test kitchen capacity against peak service, what prime cost leaves for debt and seats against realistic covers. A Philadelphia-Camden-Wilmington request in limited-service restaurant depend on traffic counts and site visibility and on franchise fees against thin margins. Debt service coverage in Philadelphia-Camden-Wilmington has to survive a weak year; value has to be proven with comparables from the same trade area. With smaller tickets the norm in Philadelphia-Camden-Wilmington, an ask beyond the usual range should explain why this project warrants it.