Feasibility Study Data for the Barre, VT Micro Area

How big the Barre record is

For Barre, SBA's own files hold 225 loans over FY2017 through FY2026, worth $46.7 million of gross dollars. Barre ranks within all such areas nationwide, on volume, as 293 of 928. The core of Barre lending sits between $50,000 and $216,000, beside a typical loan of $90,000; and the median sits at 0.43x the nationwide median. Around Washington County, VT, SBA 7(a) accounts for 186 loans, and 39 under SBA 504. Beyond that, the franchise figure for Barre is withheld as well, a limit of the data, and it is not evidence of zero.

Barre: classes and places

Inside the classes we count for Barre, full-service restaurant heads the list with 11 loans, followed by beverage manufacturing (8) and self storage (6). Another 170 loans in Barre belong to no named class. Notably, every loan in Barre sits in Washington County, VT, at 225 loans, so our work for this area a one-county exercise.

Barre: names SBA lists

Banks and development companies named for Barre are lifted from SBA's released Barre records of the 225 approvals in Barre, held now or earlier; those records show each file though imply no view of lender appetite. Next, under 7(a) in Barre, the leading holders are Community National Bank (VT) at 89 loans and $10.0 million, ahead of TD Bank, National Association, with 25 loans for $3.9 million. Worth noting, for Barre loans under 504, SBA names Granite State Economic Development Corporation, with 39 loans for $20.9 million. An applicant near Washington County, VT may ask Community National Bank (VT) or another Barre holder for its document checklist, then fit the Barre study to meet it.

Barre: cancellations and charge-offs

Among Barre approvals from FY2017 through FY2024, not below 6.5% ended in cancellation after approval in Barre, a floor; the true Barre figure can only be higher. Further, a charge-off rate around Washington County, VT is not printed on the page, seeing that too few Barre loans were paid out. That empty cell, within Barre, must not be read as no losses. Notably, by year, Barre was strongest in FY2020 at 42 loans and $7.6 million, and was weakest in FY2017 at 15 loans and $5.8 million.

Barre: what a study proves

The Barre study starts with customers: who shops in Washington County, VT, who commutes in, set against Barre overall, and whether full-service restaurant, with 11 loans, leaves any room. Cost next: $90,000 is the Barre median and $50,000 to $216,000 the middle half, so a Washington County, VT site must price itself against that $90,000 benchmark. Repayment: Barre repayment withstands a slow year against and the 6.5% cancellation rate plus the charge-off rate for Barre, which is also withheld for want of enough loans. The Barre appraisal must support the worth the loan uses. Barre applies the July 2023 delineation; a file whose listed county fails to match is absent from all areas, Barre as well, whereas the totals retain loans beyond any named class.