Feasibility Study Data for the Hagerstown-Martinsburg, MD-WV Metro Area

Hagerstown among metropolitan areas, ranked by 323 loans

Among metro and micro areas, Hagerstown ranks 231 of 928 by loans, with 323 approvals over FY2017 to FY2026 and $152.6 million gross. Smaller tickets mark Hagerstown. The Hagerstown median of $120,600 is 0.58x the national figure; in Hagerstown, half of loans span $30,000 to $390,500. The gap between $30,000 and $390,500 in Hagerstown shows how varied borrowers are. Hagerstown offers no typical loan in Hagerstown.

By program, Hagerstown holds 311 SBA 7(a) loans beside 12 SBA 504 loans. Franchised businesses in Hagerstown make up 11.1% of loans. In Hagerstown-Martinsburg, MD-WV, classes rank automotive mechanical repair with 12, full-service restaurant at 10, then limited-service restaurant at 8. 224 Hagerstown loans belong to no tracked class. The 323 total counts them. Hagerstown project locations concentrate in Washington County, MD with 222, Berkeley County, WV with 81 and Morgan County, WV with 20. A state line crosses Hagerstown. Rules differ by side in Hagerstown. Name the state behind each Hagerstown input.

Hagerstown-Martinsburg, MD-WV: lenders behind the 323 loans

In Hagerstown, each line reflects SBA's reporting on loans a holder holds or once held, per holder field in Hagerstown, and they describe a book only. Hagerstown holders should be read that way. In Hagerstown, Manufacturers and Traders Trust Company heads the 7(a) list with 149 loans worth $16.2 million; Potomac Bank with 14 loans worth $8.9 million; The First Bank and Trust Company with 14 loans worth $5.6 million. In the Hagerstown SBA 504 table in Hagerstown, the leading holders are Business Finance Group, Inc. with 7 loans worth $4.8 million. The first holder in Hagerstown sets the pace. Even so, a Hagerstown borrower may take a study elsewhere in Hagerstown.

Cancellation floor, Hagerstown: 13.8% of FY2017 to FY2024 approvals. In Hagerstown, the ceiling counting loans still in Hagerstown to disburse as cancelled is withheld, Hagerstown having too few. In Hagerstown, SBA shows 12.5% charged off to date, a floor, among 112 loans disbursed FY2017 to FY2021 in Hagerstown; 7.1% came within five years. Hagerstown approvals peaked in FY2025, at 57 loans. Placement in Hagerstown hinges upon whichever county the project names under the July 2023 delineation, which means that loan with an unmatched county joins no area at all. The 323 loans in Hagerstown-Martinsburg, MD-WV include those in no named class.

Hagerstown: testing a project in Hagerstown-Martinsburg, MD-WV

Hagerstown demand comes first. Show the draw of one site, not the metropolitan area average, and allow for a slow first year in Hagerstown. Then cost in Hagerstown. The norm of $120,600 is only a guide, still quotes and comps must drive it, including a reserve for slow Hagerstown months. Finally, Hagerstown debt service coverage. Run the ratio at the proposed amount also with lower sales, so the margin of safety shows in Hagerstown. The value view meets a Hagerstown appraisal, so the study's rent and caps ought to trace to evidence in Hagerstown. Inside Hagerstown-Martinsburg, MD-WV, submarkets differ widely. Its 323 loans average across them all, so a Hagerstown study must name the Hagerstown submarket it means. At 0.58x of the national median, Hagerstown projects run modest in Hagerstown. A large project must show why Hagerstown can absorb its scale, against $120,600.