Feasibility Study Data for the Sebastian-Vero Beach-West Vero Corridor, FL Metro Area

A charge-off floor of 8.5% on a small base

The Sebastian-Vero Beach-West Vero Corridor area, which is Indian River County, FL alone, shows 331 loans and $225.3 million from FY2017 to FY2026, ranking 227 of 928. Its charge-off floor is the feature: out of 118 loans funded from earlier approval years, 8.5% show a charge-off, a high minimum on a small base. Cancellation after approval is 10.1% or more. SBA publishes neither a cancellation ceiling nor a five-year charge-off rate for this area; both are blank, not zero.

A $280,000 median is 1.35x the national figure, loans in the centre run from $80,000 to $763,500, and 8.5% of them carry a franchise brand. Of the total, 295 are 7(a) and 36 are 504, with the larger 504 holder being Florida First Capital Finance Corporation, Inc., 23 loans for $18.1 million, and the second being Florida Business Development Corporation, 13 loans for $17.1 million. Full-service restaurant is highest of the tracked classes at 10 loans, automotive mechanical repair, limited-service restaurant and child care center have 8 each, with 7 each for hotels and motels and for dental offices. There are 248 loans outside the tracked classes. Indian River County holds all 331 loans, so every comparison drawn from this record stays within one county line.

Holders

Holders below are as SBA lists them and say nothing about any lender's approach. TD Bank, National Association holds 59 7(a) loans but only $4.0 million, iTHINK Financial Credit Union 40 worth $25.4 million, Wells Fargo Bank National Association 15, Live Oak Banking Company 13 worth $28.3 million and SouthState Bank, National Association 12. Live Oak's dollars per loan are by far the highest, while TD Bank's are among the smallest.

Approvals ran between 23 loans in FY2019 and 53 loans, worth $38.4 million, in FY2025, with $39.2 million on 40 loans in FY2026.

What the study has to do

A study here must show why demand at the specific Indian River County site supports the use when the early loss floor is this visible, and why debt service would still be covered if a loan struggled in its first years. Cost should be calibrated against a mixed loan range, with an appraisal that supports value. The 2023 delineation sets the county. Readers should take this page as neutral context, not as a promise of approval.