Feasibility Study Data for the Augusta-Waterville, ME Micro Area

How big the Augusta-Waterville record is

In Augusta-Waterville, SBA's files list 121 approvals from FY2017 through FY2026, worth $44.0 million of gross dollars. Augusta-Waterville ranks among all such areas nationwide, on approval count, in position 429 of 928. The core of Augusta-Waterville lending falls between $50,000 and $400,000, about a typical loan of $150,000; which puts the median at 0.72x the national median. In Augusta-Waterville, SBA 7(a) carries 100 loans, against 21 under SBA 504. Franchise brands account for 6.6% of the record.

Augusta-Waterville: businesses and places

Further, among the named classes we list for Augusta-Waterville, limited-service restaurant stands on top with 7 loans, and then full-service restaurant with 5. Also, a further 83 loans in Augusta-Waterville fall outside the classes. Every loan in Augusta-Waterville sits in Kennebec County, ME, at 121 loans, so a study around Augusta-Waterville a one-county exercise.

Augusta-Waterville: who holds loans

Institutions named for Augusta-Waterville derive from SBA's archived Augusta-Waterville records of the 121 SBA loans in Augusta-Waterville, and who holds or held each; such records assign every entry yet imply no view of lender practice. Further, in the 7(a) program near Kennebec County, ME, SBA's records name TD Bank, National Association, holding 23 loans worth $4.1 million, then Bangor Savings Bank, holding 14 loans worth $3.3 million. A borrower near Kennebec County, ME can ask the Augusta-Waterville holder TD Bank, National Association or other Augusta-Waterville holders near Kennebec County, ME what paperwork it expects, then fit the Augusta-Waterville study to satisfy those requests.

Augusta-Waterville: loss floors and years

Looking at Augusta-Waterville approvals from FY2017 through FY2024, not below 11.5% were cancelled after approval in Augusta-Waterville, a floor; the real Augusta-Waterville share is no lower. Notably, the charge-off rate for this Augusta-Waterville cohort is left blank in this table, as too few Augusta-Waterville loans reached disbursement. That blank, for Kennebec County, ME, is not to be taken as an absence of loss. Worth noting, in the yearly line, Augusta-Waterville crested in FY2025 at 25 loans and $8.3 million, and bottomed out in FY2018 at 9 loans and $1.7 million. Also, certain years in the Augusta-Waterville table are withheld because they rest on too few loans; in the table they are blank, not as zero.

Augusta-Waterville: the tests ahead

For Augusta-Waterville, begin with demand: who passes in Kennebec County, ME, who travels in, measured against Augusta-Waterville overall, and how much room 7 limited-service restaurant loans leave. Budget: $150,000 is the Augusta-Waterville median and $50,000 to $400,000 the middle half, so a Kennebec County, ME site should cost itself against that $150,000 marker. In the same files, debt service: Augusta-Waterville coverage absorbs a slow year against the 11.5% rate of cancellation and charge-off floor for Augusta-Waterville, which is also not published for want of enough loans. An appraisal in Augusta-Waterville must back the figure assumed. Augusta-Waterville relies on the 2023 July definition; a case whose home county has no match falls out of every other area, Augusta-Waterville among them, yet the totals count loans not in any named class.