Feasibility Study Data for the Sheboygan, WI Metro Area

Sheboygan in the SBA loan record

Sheboygan, WI is a metropolitan area, and its 371 SBA approvals in FY2017 to FY2026 carried $200.2 million in gross dollars. Sheboygan differs most on loan size: a $310,000 median, 1.49x of the national median, and Sheboygan's gap clears our margin. Sheboygan borrowers cancel at a rate that, across 371 loans, sits outside our margin. Sheboygan differs from the national floor. Sheboygan counts as a mid-table area, ranked 201 of 928 by loans. In Sheboygan, WI, every asset class is pooled for Sheboygan. That view of Sheboygan is missing from WI and national tables.

$118,500 to $631,000 spans the middle half of Sheboygan loans, and $310,000 is the median. Sheboygan sits well above the national level: its 1.49x ratio to the national median means Sheboygan requests sized nationally may look small. Sheboygan: 7(a) leads the mix, with 324 7(a) loans against 47 under 504. Sheboygan franchise loans reach 8.4%, so brand standards often shape a Sheboygan request there.

Classes, counties and lenders

Sheboygan tracked classes among 371 loans, by loan count: full-service restaurant: 21; automotive mechanical repair: 13; hotel and motel: 12; gas station and truck stop: 10. 255 Sheboygan loans sit outside the tracked classes, so Sheboygan operating businesses show up in these totals. Sheboygan's top counties by loans: 371 loans in Sheboygan County, WI. Oostburg State Bank ($32.1 million, 74 loans); Bank First, N.A. ($27.0 million, 51 loans); Summit CU ($24.5 million, 45 loans) lead 7(a) lending in Sheboygan. Sheboygan 504 list: WBD, Inc. ($30.0 million, 37 loans); Racine County Economic Development Corporation ($10.4 million, 10 loans). Sheboygan lender figures, Oostburg State Bank's 74 loans included, are an SBA record of Sheboygan loans held or once held; no Sheboygan lender is judged by them.

Sheboygan approvals peaked in FY2021 at 61 loans and $36.0 million, bottomed at 23 in FY2018, and ended FY2026 at 39, higher than the 33 of FY2017. Sheboygan cancellations stand at 5.4%, a floor, for Sheboygan approvals in FY2017 to FY2024; Sheboygan's ceiling is withheld, never zero in Sheboygan. Of 371 Sheboygan loans, too few were disbursed for a charge-off floor; Sheboygan withholds it, and a withheld figure is not zero. Sheboygan faces a geography limit: Sheboygan, WI uses the July 2023 definition; 371 loans are matched by county, and unplaceable Sheboygan loans are omitted, so Sheboygan counts and rates are floors.

Sheboygan: the study questions

Any Sheboygan study defines its Sheboygan trade area first, since lending in Sheboygan County, WI differs from lending across Sheboygan, WI. If a Sheboygan concept resembles full-service restaurant, Sheboygan offers size and lender precedent; other Sheboygan concepts must rest on their own Sheboygan evidence. Sheboygan quotes should price construction and equipment. Then Sheboygan debt service coverage is tested at $310,000, and again at $631,000. Sheboygan is metropolitan; a Sheboygan appraisal belongs in one submarket, not behind Sheboygan averages. Nothing printed for Sheboygan predicts approval; each Sheboygan lender still reviews a study.