Restaurant Feasibility Study in the Slidell-Mandeville-Covington, LA Metro Area

Full-service restaurant loans in Slidell at a glance

Slidell reports FY2017 to FY2026 approvals: 36 full-service restaurant loans, $27.4 million gross. On full-service restaurant, Slidell stands 133 of 821 among ranked areas. Within Slidell, full-service restaurant is 1 of 39. Slidell has a quotient of 1.66x, full-service restaurant above the national share.

Slidell: loan size and franchise

The median Slidell loan is $424,850; $221,375 to $864,150 holds the middle half. Slidell stands at 1.54x against the national class median. Slidell loans run above the national middle. Slidell has 36 SBA 7(a) loans. Slidell has 0 SBA 504 loans. Slidell finances fixed assets through 504. In Slidell, 7(a) is the broader program. Slidell's split shows its financing mix. Slidell prints no franchise share. Too few Slidell loans support one. Slidell loans run bigger. In Slidell, a study must prove the payment.

Slidell loan holders and counties

Slidell SBA 7(a) holder: 9 loans, $8.5 million, American Bank (LA). Holder in Slidell: Fidelity Bank, 7 loans, $2.7 million, SBA 7(a). Slidell SBA 7(a) holder: 5 loans, $1.3 million, BankFirst Financial Services. Listed Slidell names are current holders, per SBA. Slidell rows speak to files, not requirements. Slidell borrowers read the list as holders. Slidell full-service restaurant lenders get first tests. Slidell has one county, St. Tammany Parish, LA, with all 36 loans.

Slidell years and full-service restaurant coding limits

Slidell years print only in part. FY2021 brings Slidell 0 loans, $0. FY2023 brings Slidell 8 loans, $4.4 million. FY2024 brings Slidell 7 loans, $9.3 million. Other Slidell years are withheld. Thin counts leave Slidell totals unknown. In Slidell, no blank is a zero, and Slidell treats FY2026 as complete. Slidell loans approved from FY2017 to FY2024 show a cancelled-after-approval floor of 20.0%. Slidell shows no charge-off floor. Fewer than 30 Slidell loans make up that cohort. The Slidell gap is no clean record. Any Slidell rate that prints is a floor. Slidell follows July 2023 boundaries. Slidell places loans by project county. Slidell drops loans lacking a placeable county.

Slidell: what a study must prove

Slidell treats $221,375 to $864,150 as the range to explain in Slidell. The Slidell appraisal question is whether the value rests on the real estate, on the going concern, or on both, and a study keeps the two apart. Staffing and kitchen build-out in Slidell are costed from quotes, then run through a coverage test that assumes a slow first year. A Slidell study should also hold the concept against the dining rooms already open nearby, because a new room shares a finite pool of diners. Daniel Smith, MAI, signs each Slidell study. Slidell demand and cost come first. In Slidell, coverage follows, then the appraisal. Slidell borrowers are promised no approval here.