Restaurant Feasibility Study in the Syracuse, NY Metro Area

Restaurant lending in Syracuse: where the area stands

With 75 SBA approvals worth $10.8 million between FY2017 and FY2026, Syracuse, NY stands 69 of 821 among metro and micro areas. Counting restaurant loans, Syracuse stands at 1.36x the national share: Syracuse favors the class heavily. Inside Syracuse, the class ranks 1 of 39, the leading class locally. Every project county in Syracuse lies in NY.

In Syracuse, the median loan is $78,000, with the middle half running from $30,000 to $206,000. The median is 0.28x the class median nationally, so Syracuse borrowers take smaller loans. Of Syracuse's loans, 67 are 7(a) and 8 are 504, shaping each request. The franchise share for Syracuse is held back on thin counts, so Syracuse says nothing about brands.

Where Syracuse restaurant loans sit, and with whom

On the 7(a) side in Syracuse, the largest holders listed are Manufacturers and Traders Trust Company, 23 loans for $1.5 million; KeyBank National Association, 16 loans for $1.8 million; Solvay Bank, 5 loans for $1.0 million; and NBT Bank, National Association, 5 loans for $966,300. The 504 table for Syracuse is empty. Syracuse rows are SBA records. The Syracuse lenders named hold or held them. Syracuse rows speak to files, not policy. No Syracuse row says what a lender requires. Syracuse place by place: Onondaga County, NY leads with 59 loans; next come Madison County, NY (8) and Oswego County, NY (8).

Year by year, Syracuse shows 13 loans and $1.6 million in FY2017, 11 loans and $1.0 million in FY2018, 6 loans and $1.2 million in FY2019, 10 loans and $1.5 million in FY2022, 6 loans and $812,000 in FY2023 and 8 loans and $1.2 million in FY2024. No figures print for FY2020, FY2021, FY2025 or FY2026 in Syracuse because few loans back those years, so a gap there is unpublished, nothing more. Among FY2017 to FY2024 approvals in Syracuse, at least 11.5% fell through after approval. The ceiling, with undisbursed loans counted, is 11.5%. The Syracuse charge-off floor is withheld. In Syracuse, a thin cohort means unpublished. Counts for Syracuse use the July 2023 delineation, where Syracuse loans are placed by county, and Syracuse omits unmatched counties.

What a Syracuse restaurant study must prove

From this restaurant record in Syracuse, NY, a study moves to a single parcel. Syracuse analysis should establish parking, visibility and walk-by traffic. In Syracuse, the study must show coverage through one weak quarter. Syracuse lenders need the study to show food and labor cost at lower volume. For Syracuse, we would first examine competing dining rooms by cuisine and price. The Syracuse file should document whether liquor sales are in the plan. Syracuse tests demand, cost, coverage and value. A Syracuse study guarantees nothing to lenders.