Restaurant Feasibility Study in the Tampa-St. Petersburg-Clearwater, FL Metro Area

Sizing up 348 Tampa loans

Across FY2017 to FY2026, Tampa, FL businesses in full-service restaurant drew 348 approvals summing to $231.2 million. The median loan comes to $350,000, with the middle half running $150,000 through $833,625. The multiple to the national median for full-service restaurant is 1.27x, so Tampa loans run above the national middle.

Rank 19 of 821: mix and counties in Tampa

By program, 304 loans are 7(a) and 44 are 504. Of Tampa loans, 13.8% went to franchised units. Position in the national table: 19 of 821. Position among Tampa, FL classes: 1 of 39. A location quotient of 0.99x puts full-service restaurant taking a slightly smaller share of Tampa-St. Petersburg-Clearwater lending than nationwide. The top counties are Hillsborough County, FL (153), Pinellas County, FL (143) and Pasco County, FL (35) loans.

Who holds the 348 Tampa-St. Petersburg-Clearwater loans

Annual loans peak in FY2026 at 52 ($34.7 million) and bottom out in FY2020 at 21 ($10.8 million). Tampa 7(a) holders, ranked by loans: The Huntington National Bank, 30 loans, $13.2 million; Newtek Bank, National Association, 25 loans, $9.7 million; BayFirst National Bank, 16 loans, $16.3 million. The ranking splits: The Huntington National Bank on loan count, BayFirst National Bank on dollars approved. Read The Huntington National Bank's 30 loans as SBA's record of a book, not advice about The Huntington National Bank, and weigh the $13.2 million the same way. The 504 entries are Florida Business Development Corporation (24 loans, $17.7 million) and Florida First Capital Finance Corporation, Inc. (12 loans, $13.7 million). At least 10.8% of Tampa approvals were cancelled, and Loan Analytics withholds the matching ceiling. In Tampa, 124 disbursed loans yield a charge-off floor of 4.0%; Loan Analytics withholds the five-year rate.

What a full-service restaurant study in Tampa-St. Petersburg-Clearwater has to prove

A Tampa, FL study starts with the pull of the neighborhood after dark, household dining spend and the number of competing full-service rooms; the 348-loan record cannot stand in for them. On cost, the study prices kitchen and bar equipment, build-out and occupancy against local lease terms. Coverage is tested at $350,000, $150,000 and $833,625 alike, because the file spans that range. Appraisers will value the lease, the building and the operating business one at a time, which is also how the study should treat them. The $231.2 million record is a yardstick for the study, not a prediction, and no borrower should read an approval into it.

What the Tampa-St. Petersburg-Clearwater figures cannot say about full-service restaurant

Placement of 348 loans runs on the project county. County names, Hillsborough County, FL among them, are matched to the area on the July 2023 list. Tampa's cancellation figure comes from approvals dated FY2017 through FY2024, and its charge-off floor from loans disbursed FY2017 through FY2021.