SBA 504 Grocery Store Feasibility Study in Florida

Florida grocery store lending: dollars and loan size

Florida grocery stores drew 37 SBA 504 approvals in Florida's FY2017 to FY2026 window, a combined $83.9 million of gross dollars. Loan size in Florida centers on $1.8 million, with the middle half of the grocery stores book between $834,000 and $3.5 million. Next to grocery stores nationally under SBA 504, Florida shows a median ratio of 2.17x, an upward tilt for grocery stores in Florida. Look first at 2.17x: it sets Florida grocery stores apart from both parent pages of Florida. The franchise share reads 0.00%, so no loan carries a franchise listing in Florida.

On SBA 504 loan counts for grocery stores, rank 2 belongs to Florida; the class sits at 17 of 39 in Florida's own table. Volume crested in FY2022: 8 loans, $15.3 million; and FY2026 lists 3 loans worth $7.5 million. Florida's 504 grocery median runs far above the national one, a ratio that only this cell displays.

The largest holder SBA shows for this Florida cell is Florida First Capital Finance Corporation, Inc., with 26 loans and $62.9 million. The Florida list continues with Florida Business Development Corporation with 9 loans worth $17.1 million. Florida First Capital Finance Corporation, Inc. opens SBA's list for Florida grocery stores; the 37 loans show holders past and present in Florida, not how any lends. By area, Miami-Dade leads with 6 loans, then Broward with 5 and Orange with 5. Smaller counts appear in Brevard 3, Polk 3 and Hillsborough 2.

Cancellation and loss figures for Florida grocery stores

Among Florida approvals through FY2024, at least 22.6% were cancelled after approval; the ceiling, with undisbursed loans included, reaches 35.5%. Losses stay unprinted: funded loans in Florida are too few, leaving losses unknown. SBA lending alone is counted in Florida.

What a Florida grocery study must show

Because 504 finances the store itself, the file must defend ownership near Miami-Dade and show what the building is worth if the operator walks away. Map the catchment, name the supermarkets already in it, and say what the new store sells that they do not. Shrink, labor and power bills squeeze a thin margin, so stress them. Specialty formats reach narrow communities, and the households they serve should be counted. Opening stock sits outside a loan near $1.8 million. Refrigerated retail space is costly to convert, which appraisers note.