Feasibility Study Data for the Heber, UT Micro Area

Heber: volume, rank and ticket size across Heber, UT

Project sites in Heber drew 422 SBA approvals for Heber projects from FY2017 through FY2026, for $249.2 million gross. By loan count, Heber ranks 186 of 928 against every other statistical area, Heber among them. The local median loan is $254,400, with half of all loans between $100,000 and $707,750. Heber borrowers borrow more, at 1.22x of the national median. Tickets in Heber run larger than the national median.

Heber lenders and the programs they use in Heber, UT

The program split in Heber is 322 under 7(a) and 100 under 504. Heber is a 7(a) market first. In Heber, the franchise share of Heber loans is 6.4% in this micro area. 71 loans worth $13.6 million put Zions Bancorporation, National Association first among 7(a) holders, ahead of Mountain America FCU at 45 loans and $13.0 million. Wells Fargo Bank National Association holds 21 loans, and U.S. Bank, National Association at 13. Under 504, Mountain West Small Business Finance is the lead holder with 67 loans and $58.9 million. These are SBA's records of Heber loans held or once held. The line for Zions Bancorporation, National Association Heber appears on the strength of SBA's Heber holder field; nothing here speaks to what Mountain America FCU asks of an applicant.

Heber, UT: classes and counties inside Heber

The larger share of the Heber record falls outside the class table: 319 loans that carry codes outside the Heber table. The Heber class rows therefore describe a minority of Heber lending. The Heber class table opens with full-service restaurant, 25 loans, ahead of fitness center at 9 and behavioral health and addiction treatment with 8. Lower in the table come school (elementary and secondary, including charter) with 8 and limited-service restaurant at 8. Summit County, UT is the largest source of loans, with 254 and then Wasatch County, UT at 168. Summit County alone holds 254 loans against 168 in Wasatch County, so the Heber totals blend two unequal counties.

Heber: outcome rates, trend and data limits in Heber, UT

Of FY2017 to FY2024 approvals in Heber, no fewer than 9.1% were cancelled before the loan closed out. The upper bound, which counts undisbursed loans as cancelled, comes out the same at 9.1%. Charge-offs to date are at least 3.7% for the FY2017 to FY2021 disbursed Heber cohort of 215 loans. Loan Analytics withholds the five-year Heber rate, so no figure appears: the cohort is below 30 loans. Loans keep seasoning, and these rates are minimums, so the final Heber figure is no lower. FY2018 was the high point: 70 loans worth $28.9 million, while FY2022 was the low point before FY2026, at 21 loans and $20.0 million. Membership in the Heber, UT micro area follows the project county: Summit County, UT, Wasatch County, UT and the rest, the 2023 Heber delineation of statistical areas draws the line, with Heber counties matched by name.

Heber projects and the study behind them in Heber, UT

A study for a Heber project has to be written for one Heber site and one county, because the micro area total blends different markets. In Heber, with full-service restaurant first in the Heber class table, it has to examine Heber dining rooms and their weeknight trade and what Heber prime cost leaves for debt, then how Heber diners split by daypart. For fitness center, the next class in Heber, the questions are class schedules against peak hours and membership depth within the catchment. Debt service coverage in Heber needs a poor-year test; value has to be proven with Heber comparables from the same trade area. With larger tickets common in Heber, the report should tie the amount to the Heber project and not to the area.