Feasibility Study Data for the Cumberland, MD-WV Micro Area

Cumberland in the SBA loan record

Cumberland, MD-WV is a micropolitan area, and its 115 SBA approvals in FY2017 to FY2026 carried $32.3 million in gross dollars. Cumberland, MD-WV is distinctive on loan size: its $44,800 median loan is 0.22x of the national median, a Cumberland gap past our margin. Cumberland cancellations set it apart from the national floor by more than our margin, yet the Cumberland floor is withheld below, never zero. Cumberland counts as a mid-table area, ranked 440 of 928 by loans. Cumberland, with every class pooled, is read in Cumberland, MD-WV. No MD and WV state page offers that view of Cumberland.

A Cumberland median loan of $44,800 sits inside a middle half of $25,000 to $114,650. Cumberland sits well below the national level: its 0.22x ratio to the national median means Cumberland requests sized nationally may look large. Cumberland, MD-WV has no program counts: Cumberland's split is withheld, and Cumberland never reads withheld as none. Cumberland franchised businesses took 9.6% of loans, so a branded concept in Cumberland needs a brand-cost check in Cumberland.

Cumberland: classes, places and lenders

Cumberland's tracked classes, largest first: 8 loans in full-service restaurant; 5 loans in hotel and motel. Cumberland also holds 77 loans outside every tracked class; Cumberland small business lending shows here. Cumberland counts by county run 83 loans in Allegany County, MD and 32 loans in Mineral County, WV; a Cumberland study should say which it covers. Cumberland 7(a) volume: Manufacturers and Traders Trust Company ($3.4 million, 78 loans). SBA keeps records of Cumberland loans each lender holds or held; Manufacturers and Traders Trust Company leads with 78, and no Cumberland lender is judged.

The Cumberland series opens at 6 loans in FY2017 and closes at 20, higher than the start; its high is 25 loans ($2.7 million) in FY2024, its low 6 in FY2017. In Cumberland, FY2019 and FY2021 counts are withheld, but Cumberland reads none as zero, since few of 115 loans stand behind each. Cumberland cancellation floor: withheld. Too few of 115 loans back it, so Cumberland must not read withheld as zero. A charge-off floor for Cumberland would rest on a thin cohort of 115 loans, so Cumberland withholds it; withheld is not zero. Cumberland, MD-WV membership follows the July 2023 delineation; Cumberland counties are matched by name, and a Cumberland loan with no match is dropped, so 115 is a floor, and every Cumberland rate is too.

Cumberland: testing a project

For Cumberland, a study tests Cumberland demand within a defined trade area, since Allegany County, MD dominates Cumberland loan counts. If a Cumberland concept resembles full-service restaurant, Cumberland offers size and lender precedent; other Cumberland concepts must rest on their own Cumberland evidence. The Cumberland cost section uses local quotes; run Cumberland debt service coverage for loans near $44,800 and near $114,650. Cumberland, MD-WV spans MD and WV, so a Cumberland study weighs licensing and incentives in MD and WV separately, and a Cumberland appraisal needs Cumberland comparables from the right side of Cumberland, MD-WV. Cumberland is micropolitan, so a Cumberland appraisal should say how thin the Cumberland comparables are. Nothing printed for Cumberland predicts approval; each Cumberland lender still reviews a study.