Restaurant Feasibility Study in the Holland, MI Micro Area

What the Holland record shows for full-service restaurants

Holland, MI puts sit-down dining first among its classes, 1 of 39, but at modest loan sizes: the median is only 0.39x the national median. Holland, MI Micro Area lists 28 full-service restaurant loans, $6.6 million approved over FY2017 to FY2026. Position 1 of 39 among Holland classes, and position 158 of 821 among areas nationally. At 1.63x on the location quotient, full-service restaurants take a larger share of Holland loans than of loans across the country. Holland loan size runs low: $108,500 at the median, 0.39x the national median for full-service restaurants.

Between $50,000 and $363,750 lies the middle half of the Holland loans. A project needing far more than $363,750 would sit outside the usual Holland band. No program split prints for Holland; Loan Analytics keeps it back. Franchise share stands at 0.00% for full-service restaurants. The $108,500 median is the first yardstick. A loan outside $50,000 to $363,750 needs reasons. Name the brand path early. No program precedent prints for Holland.

Holders, places and years in Holland

SBA 7(a) loans in Holland are held by The Huntington National Bank (17 loans worth $2.3 million), as SBA reports. SBA names current holders only. It tells nothing of appetite. The county table lists Allegan County, MI (28 loans). Year by year, FY2018 shows 10 loans and $2.1 million and FY2021 shows 6 loans and $785,700. Years not listed are suppressed. Too few loans sit behind them. They are undefined, never zero. Printed Holland volume says little about direction. This Holland record is a starting point. Evidence for the project must come separately.

Questions a full-service restaurant study in Holland must answer

The Holland cancellation and charge-off rates are blank. Few enough loans sit in the cohort that nothing prints. A withheld value is never zero. Areas follow the 2023 federal delineation. Placement runs on the project county. The match uses county names. Loans without a match drop out. Across 28 loans, $6.6 million was approved in Holland. Each project needs its own analysis. Underwriting a full-service restaurant in Holland turns on sales that cover prime costs and debt; covers per day at the seat count; kitchen and floor staffing cost; the margin left after prime costs; kitchen and dining room cost, weighed with a median loan of $108,500; seasonal swings in covers; the operator's record with similar rooms; performance in slow seasons; and the value set beside the request. Nothing here predicts a new Holland full-service restaurant outcome. Each study stands alone.