Restaurant Feasibility Study in the Oxnard-Thousand Oaks-Ventura, CA Metro Area

The $310,000 median in Oxnard

SBA's loan files show 99 authorized full-service restaurant loans in Oxnard between FY2017 and FY2026, $58.4 million gross. Loans center near $310,000, and the middle half sit between $117,500 and $789,800. Oxnard loans run 1.13x of the national full-service restaurant median, which is above the nation.

Oxnard-Thousand Oaks-Ventura against the nation at 1.05x

By program, 7(a) has 78 loans and 504 has 21. Loan Analytics withholds the franchise share for Oxnard, CA; it is neither given a number nor called zero. Position in the national table: 53 of 821. Position among Oxnard, CA classes: 1 of 39. The Oxnard quotient is 1.05x, which puts the class denser in Oxnard-Thousand Oaks-Ventura than nationally. The file sits wholly in Ventura County, CA, 99 loans.

Lenders and floors behind 99 Oxnard loans

Oxnard-Thousand Oaks-Ventura approvals were highest in FY2020 (13 loans, $4.6 million) and lowest in FY2021 (5 loans, $4.2 million). Under 7(a), Bank of Hope holds 12 loans and $2.2 million, U.S. Bank, National Association holds 7 loans and $748,000, and Readycap Lending, LLC holds 6 loans and $3.6 million. Bank of Hope holds the most loans, while Readycap Lending, LLC holds the most dollars. SBA names Bank of Hope as holder of the 12 loans; the $2.2 million is no statement on how that bank lends. Under 504, California Statewide Certified Development Corporation holds 5 loans and $5.0 million. Cancellation reached at least 18.8%; counting loans still undisbursed, the ceiling is 18.8%. Charge-offs: 11.9% of 42 loans so far, a floor, with 11.9% inside five years of approval.

Testing a full-service restaurant project in Oxnard, CA

Before debt is sized, the study weighs table turns and the lunch and dinner traffic, since those set revenue. Then it prices build-out, kitchen and bar equipment and occupancy, each compared with the $310,000 median loan. Coverage is tested at $310,000, $117,500 and $789,800 alike, as the record covers that span. The appraisal comes last, where the lease, the kitchen equipment and the building each need support. The 99 loans give the study background only, and approval depends on the individual project and its lender.

Method for Oxnard-Thousand Oaks-Ventura's 99 loans

The project county puts each of the 99 loans in the area. Ventura County, CA and its neighbors enter the metro through name matching on the July 2023 list. The cancellation floor draws on approvals from FY2017 to FY2024, while the charge-off floor draws on loans disbursed in FY2017 to FY2021.