Quick Service Restaurant Feasibility Study in New York

New York State ranks 4 of 54 for SBA loans to limited-service restaurants, with 1,092 approvals worth $379.1 million from FY2017 to FY2026; inside the state, quick service sits 2 of 39 among classes. The figure that sets the New York cell apart from its state and from the class nationally is a median loan of $150,000, or 0.48x what quick service borrowers take nationwide. The location quotient of 0.83x shows the class taking less of New York's SBA lending than it does nationally.

Storefront loans from regional banks

The middle half of New York loans runs from $50,000 to $392,750, and SBA 7(a) carries 1,051 approvals against 41 under SBA 504, so these are storefront, equipment and acquisition loans with little real estate in them. Manufacturers and Traders Trust Company holds 198 of the 7(a) loans worth $26.6 million and TD Bank, National Association 126, while NewBank holds 34 worth $23.2 million, larger tickets than the leaders. KeyBank National Association holds 44 and JPMorgan Chase Bank, National Association 38. On the 504 side, Empire State Certified Development Corporation has 32. The bank names reflect who holds each New York loan now in SBA's data. Franchise units account for 21.9% of loans.

Loss and cancellation in New York

Of the 448 loans disbursed in FY2017 to FY2021, 7.4% have been charged off to date, and 5.4% inside five years of approval. New York's cancellation floor is 13.7%, with a ceiling of 14.9%. Both are floors: open loans can still be charged off, and approvals not yet disbursed may still be cancelled. Approvals fell from 134 in FY2017 to 64 in FY2020 and recovered to 166 and $58.4 million in FY2025.

What a New York quick service study must cover

Demand in New York is split between dense city storefronts and suburban and upstate locations, and the county list shows both: New York County has 194 approvals, Kings 109, Erie and Suffolk 90 each, Queens 84, Nassau 79 and Monroe 70. A study has to match its method to the setting, with foot traffic and delivery share in the city and car counts and access elsewhere. Cost testing must price the refit, ventilation and equipment against a median ticket of $150,000. The debt service coverage ratio should come from the operator's real sales, stressed for rent escalations in the lease. Buying a going concern means the valuation carries the goodwill, because collateral behind most New York loans of this size is thin. No coding caveat attaches to the class.