Hosting a Laravel Inertia Vue App on an SBC: Hardware Requirements and Recommendations

I have a project where I'll need to host a Laravel app on an SBC.

I'll be using Laravel Inertia Vue, so I'll need to install PHP (with SQLite), Composer, Node.js, and a web server on that SBC.

Would a Raspberry Pi 3 Model B with the following specs be sufficient?

• Quad-Core 1.2GHz Broadcom BCM2837 64-bit CPU
• 1GB RAM
• BCM43438 wireless LAN and Bluetooth Low Energy (BLE) on board
• 40-pin extended GPIO
• 4 USB 2.0 ports
• 4-pole stereo output and composite video port
• MicroSD port for loading the OS and storing data
• Upgraded switched Micro USB power source up to 2.5A

If not, what would you recommend I buy?

Just to clarify, the Raspberry Pi won't be connected to WiFi. Instead, it will function as a WiFi hotspot, allowing a single user at a time to connect and access the app. There won't be any significant load on the app. I am limited by budget, so I want to ensure the SBC meets the minimum requirements to host the app without going over budget