Restaurant Feasibility Study in the New Orleans-Metairie, LA Metro Area

New Orleans: full-service restaurant

New Orleans approved full-service restaurant loans: 87 in FY2017 to FY2026, worth $51.2 million. New Orleans ranks 59 of 821 for the class on 87 loans among metro areas; in New Orleans, the class ranks 1 of 39. New Orleans's location quotient reads 1.51x on 87 loans: a far heavier concentration. In New Orleans, ranks and the 1.51x quotient, from 87 loans, distinguish the class; New Orleans size is 0.99x the national median.

$273,200 marks the median of 87 loans, close to the national figure (0.99x), and $140,200 to $769,000 bounds New Orleans's middle half. Of 87 loans in New Orleans, 82 used 7(a) and 5 used 504. New Orleans withholds its franchise figure, not zero.

New Orleans's 7(a) table, 13 loans at Hancock Whitney Bank, $5.5 million; 12 at Fidelity Bank, $3.0 million; 10 at American Bank (LA), $9.0 million; 7 at Newtek Bank, National Association, $4.7 million; 7 at Celtic Bank Corporation, $4.3 million. New Orleans: holders under 5 loans go unnamed. New Orleans county counts, 87 loans: Orleans Parish, LA 59.

The New Orleans loans' fate

10.3% at minimum: New Orleans's cancelled share through FY2024. New Orleans's ceiling for undisbursed loans: withheld. New Orleans charge-offs: too few, not zero. New Orleans floors may rise with open loans. New Orleans approvals ran from 6 loans and $2.1 million in FY2017 to 16 loans and $9.3 million in FY2024, peaking at 16 in FY2024 and dipping to 6 in FY2017. New Orleans loans per year: FY2017 6, FY2018 13, FY2020 9, FY2021 7, FY2022 6, FY2024 16. Yearly dollars: FY2017 $2.1 million, FY2018 $4.4 million, FY2020 $5.4 million, FY2021 $4.2 million, FY2022 $5.8 million, FY2024 $9.3 million. Withheld New Orleans years are not zero.

New Orleans: the study's tests

Across 87 loans, evening cover counts in New Orleans carries $273,200. New Orleans: facing slow months, debt service holds with $51.2 million approved. For 87 loans in New Orleans, ventilation costs outside $140,200 to $769,000 need cases. For 87 approvals in New Orleans, appraisers split concept from building. New Orleans approvals ran from 6 in FY2017 to 16 in FY2024; for New Orleans, plan for stalled years. New Orleans's quotient, 1.51x: count rivals by cuisine.

New Orleans's 87 loans are placed by project county. New Orleans follows the July 2023 delineation. New Orleans drops unplaceable counties from $51.2 million. Treat 87 loans as a guide to New Orleans, not a census.