Quick Service Restaurant Feasibility Study in the Lakeland-Winter Haven, FL Metro Area

Lakeland-Winter Haven: quick-service restaurant lending

For Lakeland-Winter Haven, between FY2017 and FY2026, SBA approved 32 quick-service restaurant loans, worth $24.7 million in gross dollars. In Lakeland-Winter Haven, quick-service restaurant lending lands 1 of 39 against every other class here, and Lakeland-Winter Haven lands at 111 of 779 across every metro and micro area for quick-service restaurant loans. Lakeland-Winter Haven's location quotient is 1.06x: more weight than nationally. Lakeland-Winter Haven's median loan size is $557,300. The inner half of Lakeland-Winter Haven loans runs from $293,625 to $1.1 million, and the median is which sits at 1.79x against the national class median. Leading its own table of classes (1 of 39), the category has a location quotient of only 1.06x, close to the national share. The unusual part is size: the median of $557,300 is 1.79x the class median nationally, so the typical loan here is well above what the same kind of restaurant borrows elsewhere. Polk County holds all 32 loans.

Of Lakeland-Winter Haven's 32 loans, 27 are SBA 7(a), 5 SBA 504. Franchise-affiliated units make up 65.6% of the Lakeland-Winter Haven loans. Among the Lakeland-Winter Haven holders The Huntington National Bank holds $1.9 million across 7 SBA 7(a) loans. Lakeland-Winter Haven's holder lines record current holders only. Lakeland-Winter Haven applicants get no signal of lender standards here. The whole count of 32 sits in Polk County, FL.

Lakeland-Winter Haven: years, floors and limits

In Lakeland-Winter Haven, a few years can be printed: FY2021 records 5 loans totalling $4.8 million; FY2023 has 5 loans valued at $3.9 million. In FY2017, Lakeland-Winter Haven records 0 loans and $0. Withheld for Lakeland-Winter Haven: FY2018 to FY2020, FY2022 and FY2024 to FY2026. The years held back for Lakeland-Winter Haven differ from none. The Lakeland-Winter Haven cancellation rate: withheld, fewer than 30 loans. The charge-off rate in Lakeland-Winter Haven: withheld, below 30 loans. Lakeland-Winter Haven's floor is ours, not SBA's. Lakeland-Winter Haven has a short FY2017 to FY2021 cohort. Lakeland-Winter Haven takes the July 2023 list. Lakeland-Winter Haven admits a loan only by its county. Lakeland-Winter Haven leaves out unmatched loans.

Lakeland-Winter Haven: what to test

Lakeland-Winter Haven sponsors must explain why the project needs capital near the median of $557,300 when the national class median is lower. If the answer is a ground-up building, the study should show land and construction cost; if a conversion, the retrofit. It should test the sales a drive-through or counter unit can reach at the specific site, and cover the payment at a cautious level, since FY2017 shows 0 loans and FY2021 shows 5 worth $4.8 million.