Feasibility Study Data for the Slidell-Mandeville-Covington, LA Metro Area

Slidell-Mandeville-Covington, LA: volume and loan size, median $218,150

Slidell stands 183 of 928 by loans, drawing 436 SBA approvals over FY2017 to FY2026, $251.8 million gross. In Slidell, $218,150 is the median loan, 1.05x the national median. Half of Slidell loans sit between $88,575 and $624,025, larger tickets than the national norm in Slidell. Lenders working Slidell see tickets from $88,575 to $624,025 most often. A Slidell study should place its project inside that $88,575 to $624,025 range in Slidell.

In Slidell, SBA 7(a) carries 425 loans and SBA 504 carries 11. In Slidell, franchise brands account for 16.7% of the loans. In Slidell, leading classes: full-service restaurant with 36, fitness center with 14 and limited-service restaurant with 14. Another 306 approvals fall in no named class, so Slidell totals 436 loans, more than its classes combined. St. Tammany Parish, LA is the whole Slidell record: 436 approvals.

Slidell: holders of SBA loans in Slidell-Mandeville-Covington, LA

In Slidell, lender names come out of SBA's files on loans a holder in Slidell holds or once held in Slidell, per holder field in Slidell, so no underwriting can be read. Slidell holders should be read that way in Slidell. Heading the Slidell SBA 7(a) list: American Bank (LA) with 70 loans worth $45.3 million; Fidelity Bank with 64 loans worth $21.5 million; Northeast Bank (ME) with 26 loans worth $2.9 million. No holder in Slidell-Mandeville-Covington, LA reaches the 504 table threshold. The Slidell 504 side carries no lender names in Slidell. The first holder in Slidell sets the pace. Even so, a Slidell borrower may take a study elsewhere in Slidell.

Among Slidell approvals of FY2017 to FY2024, 8.9% were cancelled after approval, a floor. For Slidell, the ceiling reckoned with undisbursed loans as cancelled is withheld, Slidell having too few. The cohort of 171 Slidell loans disbursed FY2017 to FY2021 shows 7.0% charged off so far, a floor, and 3.5% within five years. Slidell trend: the busiest year is FY2024, at 69 loans. Slidell membership follows county of record for the project with the July 2023 delineation, and every loan lacking a usable county joins no area at all. The 436 loans in Slidell-Mandeville-Covington, LA include those in no named class in Slidell.

Slidell: what a project study must test, per Slidell-Mandeville-Covington, LA

Start with demand in Slidell. Weigh the people near the parcel itself, never the metropolitan area in Slidell, with a cautious ramp shown in Slidell. The Slidell budget is next. A $218,150 median loan is a rough guide, still quotes and in Slidell comps must drive it, also equipment and fees itemised for Slidell. Coverage of the Slidell loan payment follows. State the ratio under a base case as well as under a downside case, because loans in Slidell can still fail. Lenders in Slidell also rely on appraisals, so any occupancy claim has to be documented for Slidell. Inside Slidell-Mandeville-Covington, LA, submarkets differ widely. Its 436 loans average across them all, so a Slidell study must name the Slidell submarket it means. With the median at 1.05x the national level, a smaller Slidell project may look unusual in Slidell. The study should explain its sizing for Slidell against $218,150.