SBA 504 Quick Service Restaurant Feasibility Study in Ohio

What Ohio records for SBA 504 quick service restaurant loans

Across FY2017 and FY2026, SBA approved 41 loans in the 504 program to quick service restaurant projects in Ohio, carrying $28.1 million in gross dollars. Among the states, Ohio sits at 13 for quick service restaurant lending under SBA 504 by count, while within Ohio the class takes spot 4 of 39. Usual size: $556,000. Against the nationwide SBA 504 median for this class, the Ohio median loan stands at 0.87x, a smaller ticket profile. Between $465,000 and $964,000 sits half of the approvals in Ohio. Franchised clients account for 65.9% of the 41 loans. Beside the median of $556,000, the lender names and the local spread in Ohio add the most detail.

Who lends, where and when in Ohio

The certified development companies holding the most Ohio quick service restaurant loans are Alloy Development Co., Inc. at $6.0 million across 10 loans, Growth Capital Corp. at $5.5 million across 8 loans and Ohio Statewide Development Corporation at $2.6 million across 5 loans. The Ohio quick service restaurant ranking tracks whoever holds each Ohio loan. By county, Lucas with 5, Cuyahoga with 4, Franklin with 3 and Clermont with 2 lead the quick service restaurant loans in Ohio. Across the years, Ohio approvals reached a high of 7 loans, worth $5.0 million, in FY2020, while the latest year, FY2026, shows 6 loans and $4.9 million; the series began in FY2017 with 2.

Ohio: outcomes, read as minimums for quick service restaurant

A floor of 10.0% for cancellations, with the upper bound at 10.0%, describes FY2017 to FY2024 Ohio quick service restaurant approvals, so undisbursed loans change nothing. Looking at Ohio quick service restaurant money paid out in FY2017 to FY2021, the charge-off cohort drawn from 41 loans is statistically thin, so Loan Analytics prints no figure for Ohio, and the blank must not be taken as a zero. Treat these Ohio rates, drawn from 41 loans, as minimums, never as settled results.

Matters an SBA 504 quick service restaurant study in Ohio has to pass

In Ohio, two debts sit behind each of the 41 504 quick service restaurant projects: one from an Ohio certified development company, one from a separate Ohio lender. A quick service restaurant study has to demonstrate that the owned quick service restaurant property and its improvements can service both, with Ohio cash from the borrower. An Ohio quick service restaurant study needs to compare the site's visibility and stacking capacity beside competing quick service sites. Franchise fees and mandated build-out features put weight on the Ohio plan, and the study carries those. Test the Ohio quick service restaurant numbers at the $556,000 median plus at $964,000: coverage which survives only in the best year is not persuasive. The appraisal for quick service restaurant real estate in Ohio should value the property apart from the franchised operator. A borrower who approaches Alloy Development Co., Inc. can read its 10 loans here as perspective alone: SBA's numbers show loans, not any terms.

What SBA approved in Ohio before is record, 41 loans' worth; a quick service restaurant study from Daniel Smith, MAI, for Ohio handles the project and site issues, and these Ohio figures promise no approval.