Restaurant Feasibility Study in the Lansing-East Lansing, MI Metro Area

Restaurant lending in Lansing-East Lansing: where the area stands

Lansing-East Lansing, MI stands 100 of 821 among metro and micro areas, with 50 SBA approvals across FY2017 to FY2026 worth $19.4 million. For restaurant loans the location quotient is 1.10x the national share, so the area tilts slightly to the class. Inside the area the class ranks 1 of 39, a headline class. Every project county is in MI.

Loans center on $164,950, the median, and the central stretch of loans lies between $50,000 and $436,625. The median stands at 0.60x of the class median across the nation, so Lansing borrowers take smaller loans. Loan Analytics keeps the program split out of print, because the counts are thin; blanks are not zeros. No loan carries a franchise flag, as the share of 0.00% shows, which leaves nothing to read from brands.

Restaurant lenders in Lansing-East Lansing

Among 7(a) loans, SBA names as holders The Huntington National Bank, with 22 loans worth $1.7 million. No 504 holder is listed. Each row is an SBA record of who holds or held a loan; the table describes files, not practices, and says nothing of what a lender requires. Place by place: Ingham County, MI holds 36 loans; next come Clinton County, MI (7) and Eaton County, MI (7).

Year by year, the area shows FY2017 (12 loans, $5.9 million), FY2018 (5 loans, $543,000), FY2020 (7 loans, $1.4 million) and FY2024 (10 loans, $3.4 million). Loan Analytics holds back FY2019, FY2021 through FY2023, FY2025 and FY2026 as too few loans lie behind them, so those gaps are unpublished years, not empty ones. The area has no printed floor for cancellation and none for charge-offs, because the approvals behind them are few. The totals follow the 2023 federal list, with each loan placed by project county, and a loan outside the matched counties would not appear in these totals.

Lansing-East Lansing: testing a restaurant project

From this record a study moves to a single parcel. It must show parking, visibility and walk-by traffic, and weigh the competing dining rooms by cuisine and price. It should say whether liquor sales are in the plan, document the kitchen and hood build-out expense, and test coverage through one weak quarter. Demand, cost, coverage and value each need their own evidence for the project in question.