What SBA's own loan files show about lending in the Hermitage, PA Micro Area, every asset class together, and what a feasibility study for a project there has to test.
Hermitage is a micropolitan area, Mercer County in the data, with 212 SBA approvals for FY2017 to FY2026 and $85.5 million gross, rank 303 of 928; 200 are 7(a) and 12 are 504. Hermitage puts its median at $100,000. Hermitage is 0.48x the national figure. For Hermitage, half of loans run $40,300 to $409,250. Hermitage's median drew our distinctness flag. Hermitage differs from the national picture; Hermitage clears our margin. Brands hold 9.4% of the count.
Just three classes show in Hermitage: full-service restaurant with 11 loans, with hotel and motel and limited-service restaurant level at 7 loans apiece, against 166 loans outside the classes. The yearly record sags. It began at 21 loans and $13.5 million in FY2017, peaked at 34 loans and $14.8 million in FY2018 and finished FY2026 on 9 loans and $6.6 million, its thinnest year. A Hermitage borrower asking for a new project should expect a study to explain why demand will hold in an area where recent loan activity has thinned.
The Huntington National Bank holds 116 loans and $13.1 million under 7(a). A tie at 15 loans follows: Enterprise Bank (PA) carries $16.3 million and First National Bank of Pennsylvania $8.0 million. The page lists no 504 lender. Hermitage lender figures are SBA's records. Hermitage names hold or held those loans. Hermitage counts show volume only, and Hermitage counts judge no lender or requirement.
Hermitage: cancelled after approval at least 8.3% of Hermitage's approvals. The Hermitage window is FY2017 to FY2024. Hermitage omits its ceiling; too few Hermitage loans back it. Hermitage charge-offs reached at least 6.5% across 107 funded loans. Hermitage withholds its five-year rate. Too few Hermitage loans support it. Open Hermitage loans may raise every Hermitage floor. Hermitage is a county roll-up. Hermitage applies the July 2023 delineation. Hermitage matches each county by name. Hermitage omits loans whose counties fail to place. Hermitage still counts approvals outside named classes. Confirm site demand, price the build, stress debt service on thin revenue and anchor value in Mercer County sales; for hotels, add seasonal occupancy and rate. Hermitage studies come from Loan Analytics. Hermitage studies are signed by Daniel Smith, MAI.
| Loans approved, FY2017 to FY2026 | 212 |
|---|---|
| Gross dollars approved | $85.5 million |
| Median loan | $100,000 |
| Middle half of loans, from | $40,300 |
| Middle half of loans, to | $409,250 |
| SBA 7(a) loans | 200 |
| SBA 504 loans | 12 |
| Franchise share of loans | 9.4% |
| Rank among metro and micro areas by loans | 303 of 928 |
| Median loan against the national median | 0.48x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 8.3% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 6.5% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 107 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Hermitage, PA Micro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 21 | $13.5 million |
| FY2018 | 34 | $14.8 million |
| FY2019 | 22 | $11.7 million |
| FY2020 | 18 | $9.7 million |
| FY2021 | 23 | $8.1 million |
| FY2022 | 22 | $6.0 million |
| FY2023 | 15 | $3.3 million |
| FY2024 | 26 | $4.4 million |
| FY2025 | 22 | $7.6 million |
| FY2026 | 9 | $6.6 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 166 |
| Full-service restaurant | 11 |
| Hotel and motel | 7 |
| Limited-service restaurant | 7 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| The Huntington National Bank | 116 | $13.1 million |
| Enterprise Bank (PA) | 15 | $16.3 million |
| First National Bank of Pennsylvania | 15 | $8.0 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
| County | Loans |
|---|---|
| Mercer County, PA | 212 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-25850.
A worked example of the feasibility study a lender would read for a gas station project in Pennsylvania, financed with a USDA Business and Industry guaranteed loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Hermitage, PA Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
Start with the data.
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