SBA 504 Quick Service Restaurant Feasibility Study in Wisconsin

The Wisconsin SBA 504 quick service restaurant record in detail

SBA's files show 55 approvals under 504 for quick service restaurant projects in Wisconsin from FY2017 to FY2026, worth $47.1 million. Wisconsin's quick service restaurant book under SBA 504 stands 10 nationally on loan count, and quick service restaurant is 4 of 39 among Wisconsin's asset classes. Centre size: $767,000. Relative to quick service restaurant (SBA 504) lending nationwide, Wisconsin runs at 1.20x on the median, a heavier loan profile. Half of all Wisconsin loans fall from $344,000 to $1.1 million. 70.9% of these Wisconsin loans went to franchised businesses. At $767,000, the Wisconsin median is not singled out against the state's all-asset totals, and neither is any other quick service restaurant metric among 55 loans; for Wisconsin, read the named holders and the local spread instead.

Who holds the loans, where and when in Wisconsin

At the top of the certified development companies list in Wisconsin: WBD, Inc. with 42 loans worth $35.7 million; Racine County Economic Development Corporation with 12 loans worth $11.2 million. Each Wisconsin quick service restaurant loan is listed under its current holder as SBA reports it, and WBD, Inc. holds 42. Within Wisconsin, the counties with the most loans are Brown with 4, Milwaukee with 4, Racine with 4 and Dane with 3. Timing tells a simple story for quick service restaurant in Wisconsin: approvals peaked at 10 loans, worth $11.1 million, in FY2021, and FY2026 brings 3 loans worth $1.9 million as the final year shown; the series began in FY2017 at 4.

Wisconsin quick service restaurant: what to make of the outcome floors

Cancellations following approval run 11.1% or more for FY2017 to FY2024 Wisconsin quick service restaurant approvals; including those still undisbursed then the bound becomes 15.6%. Too few of the 55 quick service restaurant loans funded in Wisconsin between FY2017 and FY2021 to support any quick service restaurant charge-off figure, and so no such figure is published here; the quick service restaurant gap is not a zero. Readers should take these Wisconsin rates, drawn from 55 loans, as minimums, not as settled outcomes. SBA classifies the 55 Wisconsin borrowers by industry code, not by quick service restaurant building or concept, so quick service restaurant here follows the code groupings, not quick service restaurant's physical use of a Wisconsin site.

What a Wisconsin quick service restaurant study must test

In Wisconsin, two debts sit behind each of the 55 504 quick service restaurant projects: one from a Wisconsin certified development company, one from a separate Wisconsin lender. A quick service restaurant study must demonstrate that the owned quick service restaurant site and its improvements can support both, with Wisconsin cash from the borrower. A Wisconsin quick service restaurant study should compare the site's exposure and stacking room beside competing quick service sites. Franchise obligations and required build-out features add cost on the Wisconsin plan, and the study carries them. Present the Wisconsin quick service restaurant case at $767,000 to start, next at $1.1 million, plus one slower year beside each, to show where payments stop fitting. Valuation of quick service restaurant property in Wisconsin turns on what a market operator could afford, rather than a borrower's own results. Lenders such as WBD, Inc. appear in this Wisconsin record; the record is history, and what WBD, Inc. or any other Wisconsin lender wants from a quick service restaurant study is its own to say.

Loan Analytics reads the 55 Wisconsin approvals as SBA's Wisconsin files, not a forecast for any quick service restaurant project; a quick service restaurant study signed by Daniel Smith, MAI, tests Wisconsin conditions directly, and Wisconsin approvals guarantee nothing.