Feasibility Study Data for the South Bend-Mishawaka, IN-MI Metro Area

South Bend-Mishawaka scale: counts, dollars and typical loans in South Bend-Mishawaka, IN-MI

The agency approved 627 SBA loans for South Bend-Mishawaka projects over FY2017 to FY2026, carrying $281.1 million throughout every asset class. By loan count, South Bend-Mishawaka ranks 146 of 928 against every other statistical area, South Bend-Mishawaka among them. The local median loan is $150,000, while the middle half range over $50,000 to $410,000. South Bend-Mishawaka borrowers borrow less, at 0.72x of the national median. Smaller South Bend-Mishawaka tickets are the first thing that sets South Bend-Mishawaka apart.

South Bend-Mishawaka, IN-MI: program mix and lender names serving South Bend-Mishawaka

The metro area shows 556 loans under 7(a), against 71 under 504; in South Bend-Mishawaka, 7(a) holds the larger share. Franchise brands account for 12.6% of loans in this metro area. In South Bend-Mishawaka, on the 7(a) South Bend-Mishawaka side, The Huntington National Bank leads with 74 loans and $16.3 million. Second place is Centier Bank: 39 loans, $15.1 million. The count for KeyBank National Association is 22 loans, then 19 for Horizon Bank. 504 lending here runs through Business Development Corporation (BDC), at 61 loans and $28.9 million. These are SBA's records of South Bend-Mishawaka loans held or once held. The threshold for The Huntington National Bank appears as the holder SBA shows; no row describes how Centier Bank treats borrowers.

South Bend-Mishawaka, IN-MI: the class table and county table for South Bend-Mishawaka

The larger share of the South Bend-Mishawaka record falls outside the class table: 461 loans that carry codes outside the South Bend-Mishawaka table. The South Bend-Mishawaka class rows therefore describe a minority of South Bend-Mishawaka lending. The South Bend-Mishawaka class table opens with full-service restaurant, 27 loans, ahead of hotel and motel at 26, and beauty salon at 24. Further down sit limited-service restaurant, 16 loans and automotive South Bend-Mishawaka mechanical repair (car and truck) at 13. St. Joseph County, IN is the largest source of loans, with 553, followed by Cass County, MI with 74. Demand differs between these counties, so the South Bend-Mishawaka figure hides some spread.

South Bend-Mishawaka, IN-MI: how to read South Bend-Mishawaka cancellations and charge-offs

Looking at FY2017 to FY2024 approvals, South Bend-Mishawaka cancellations came to at least 9.4%. Treating undisbursed South Bend-Mishawaka loans as cancelled gives a ceiling of 11.3%. The FY2017 to FY2021 cohort of 308 disbursed South Bend-Mishawaka loans shows South Bend-Mishawaka charge-offs to date of at least 2.6%. The five-year rate is withheld because the group is below 30 loans, and any South Bend-Mishawaka figure would be a guess. The cohort is still maturing, making these floors where a future reading can add but never subtract. Annual approvals peaked in FY2017 at 85 loans and $30.3 million. FY2020, with 43 loans and $19.6 million, was the weakest year before FY2026. South Bend-Mishawaka is built from project counties such as St. Joseph County, IN; county membership follows the 2023 delineation, while any county the name pairing misses is omitted from South Bend-Mishawaka.

South Bend-Mishawaka projects and the study behind them in South Bend-Mishawaka, IN-MI

A study for a South Bend-Mishawaka project has to be prepared for the particular county, because the metro South Bend-Mishawaka area total blends different markets. In South Bend-Mishawaka, with full-service restaurant first in the South Bend-Mishawaka class table, it has to examine liquor licence timing and cost and what prime cost leaves for debt, then kitchen capacity against peak service. For hotel and motel, the next class in South Bend-Mishawaka, depend on what competing South Bend-Mishawaka rooms charge and on room-night demand by segment. A South Bend-Mishawaka operator's coverage has to clear even if sales slip; comparable sales near the South Bend-Mishawaka site must support the value. Since South Bend-Mishawaka loans skew small, a bigger request will draw questions the report should answer first.