Feasibility Study Data for the St. Cloud, MN Metro Area

St. Cloud, MN: SBA lending volume and loan size in St. Cloud

Ranked 119 of 928 by loans, St. Cloud drew 807 approvals between FY2017 and FY2026, $361.7 million gross. A median of $226,000 in St. Cloud sits at 1.09x the national median, above the usual ticket. St. Cloud loans in the middle half fall from $90,000 to $500,000. With $90,000 and $500,000 bounding the middle half in St. Cloud, no single benchmark fits every project in St. Cloud.

In St. Cloud, 667 approvals are SBA 7(a) loans; 140 are SBA 504 loans. St. Cloud franchise share of loans is 6.6%. In St. Cloud, classes read full-service restaurant with 30, beauty salon with 20 and limited-service restaurant with 17. In St. Cloud, outside the tracked classes, 613 loans make up the rest of the 807. Geography inside St. Cloud: Stearns County, MN with 639 and Benton County, MN with 168 in St. Cloud.

St. Cloud, MN: who holds the loans, 807 in all

In St. Cloud, holder lists use SBA's files on loans a holder has or had in St. Cloud, per the holder field in St. Cloud, so they measure books, not rules. St. Cloud holders should be read that way in St. Cloud. The largest St. Cloud holders under SBA 7(a) are Falcon National Bank with 120 loans worth $62.9 million; BankVista with 85 loans worth $26.5 million; Magnifi Financial CU with 72 loans worth $21.7 million. St. Cloud SBA 504 list starts with Midwest Business Finance Corporation with 122 loans worth $85.3 million; Amplio Economic Development Corporation with 9 loans worth $6.4 million. In St. Cloud, concentration among top holders says little. A St. Cloud study should stand on evidence alone in St. Cloud.

SBA's files show 6.7% of FY2017 to FY2024 approvals in St. Cloud cancelled, a floor. St. Cloud reaches a ceiling of 7.7% if undisbursed loans count as cancelled. In St. Cloud, 1.9% of the 419 loans disbursed in FY2017 in St. Cloud to FY2021 are charged in St. Cloud off to date in St. Cloud, a floor in St. Cloud; the five-year measure is withheld in St. Cloud. Of the printed St. Cloud years, FY2021 leads with 121 loans. Placement in St. Cloud hinges upon county of record for the project to the July 2023 delineation, hence one with a county left unresolved falls outside every area. The 807 loans in St. Cloud, MN include those in St. Cloud that fall in no named class.

St. Cloud, MN: what the record asks of a St. Cloud feasibility study

St. Cloud demand comes first. Weigh the people near the exact address in St. Cloud, not the metropolitan area in St. Cloud, so timing may slip, for St. Cloud. Cost needs care in St. Cloud. A $226,000 median loan is a rough guide, though every line in St. Cloud should rest on bids, plus working capital and reserves in St. Cloud. Finally, St. Cloud debt service coverage. State the ratio under a base case plus a case with lower revenue, since approval is no guarantee in St. Cloud. The value view meets a St. Cloud appraisal, so any occupancy claim needs sources that survive review in St. Cloud. Inside St. Cloud, MN, submarkets differ widely. Its 807 loans average across them all, so a St. Cloud study must name the St. Cloud submarket it means. With the median at 1.09x the national level, a smaller St. Cloud project may look unusual in St. Cloud. The study should explain its sizing for St. Cloud against $226,000.