Feasibility Study Data for the Port St. Lucie, FL Metro Area

How big lending runs in Port St. Lucie

1,080 SBA loans for projects in Port St. Lucie, FL between FY2017 to FY2026 total $677.3 million in gross dollars. Port St. Lucie sits at 92 of 928 among all metro and micro areas by loans. $260,000 sets the central loan; the central half lies between $100,000 and $702,500. The typical loan here is 1.25x of the median across the country, leaving the typical loan over the usual national size. Port St. Lucie counts only its home counties, unlike a state page, which gives the blend a state page gives: 1,080 loans in total.

Who finances projects in Port St. Lucie

980 SBA 7(a) loans stand against 100 approvals under 504. 13.9% of the loans carry a franchise brand in this area. Across 7(a) loans, the leading banks and lenders by number stand as TD Bank, National Association at 147 loans for $18.7 million, Wells Fargo Bank National Association holding 53 loans worth $10.8 million, then The Huntington National Bank booking 49 loans totalling $18.4 million. For 504 lending, the leading program intermediaries by number stand as Florida First Capital Finance Corporation, Inc. at 46 loans totalling $46.7 million then Florida Business Development Corporation with 43 loans worth $44.4 million. For context, all the names are copied from SBA data covering 1,080 loans; they record completed approvals and nothing further, never the terms that lenders apply near Port St. Lucie.

Classes, counties and the unclassified bulk in Port St. Lucie

46 in full-service restaurant, child care center at 34, 33 for limited-service restaurant, then medical office at 21 lead the named classes by approvals. 792 approvals sit outside all named classes, so the Port St. Lucie total covers more than any class table. Next, 7 approvals in liquor store inside Port St. Lucie are too few to show a pattern. By county, St. Lucie County (619) followed by Martin County (461) come first. Here, taking each approval year, FY2017 begins at 104 loans and $53.8 million; FY2025 sets the high mark at 161 loans and $104.4 million, and FY2026, a part year, rounds out the sequence at 144 loans and $89.5 million.

The outcome floors in Port St. Lucie

10.1% of FY2017 to FY2024 approvals in Port St. Lucie have been cancelled after approval before disbursement, a floor; 11.2% is the ceiling if undisbursed loans count. 8.2% among FY2017 through FY2021 disbursed loans in Port St. Lucie have been charged off, a floor; 3.5% were charged off within five years of the approval date, in a cohort of 376 disbursed loans. Separately, treat each share on this page as a floor, because loans written in the latest years got limited time to cancel or default, across 1,080 loans. Also, an area on the page means the metro or micro area that takes in a loan's home county, according to the July 2023 definitions; project counties get matched name to name, and so a loan whose site county does not map is missing from each area list as a rule. Worth noting: classed or unclassed, each loan under either program inside the area counts towards its $677.3 million total.

Testing a project in Port St. Lucie

In Port St. Lucie, a study covering a site opens with the project itself, never the 1,080-loan file. Market demand in Port St. Lucie leads the work: can Port St. Lucie's trade area carry the sales in the plan, measured against nearby supply around St. Lucie County? Separately, the area median comes to 1.25x measured against the nation's median, so prices here could run ahead in many cases; price the real scope against figures from nearby firms. Worth noting: the debt service test joins income to payments for Port St. Lucie: expected net income compared with the annual debt service, along with a case of falling revenue. Next, the valuation caps the work on the Port St. Lucie site: market value on completion must cover the loan asked for. Also, any borrower who brings a third-party report for Port St. Lucie, ahead of speaking with a lender, addresses the outcome floors in advance; credit is decided by the bank and SBA in Port St. Lucie, and no study can promise it.