Feasibility Study Data for the Mount Vernon-Anacortes, WA Metro Area

What the record shows for Mount Vernon-Anacortes

348 loans within Mount Vernon-Anacortes, WA between FY2017 through FY2026 add up to $237.2 million gross. Mount Vernon-Anacortes sits at 212 of 928 among all core-based areas by loans. Worth noting: $306,350 stands as the middle loan; the bulk of loans lies between $63,150 and $833,750. The median here is 1.47x of the median nationwide, placing the typical loan ahead of the figure for the nation. Mount Vernon-Anacortes holds only its own counties, unlike a state page, which gives a statewide average: 348 loans in all.

Who finances projects in Mount Vernon-Anacortes

286 7(a) approvals compare with 62 approvals under 504. Also, 8.6% of the approvals go to franchisees in this area. Beyond that, for 7(a) approvals, the busiest banks and lenders by count rank as Banner Bank at 41 loans totalling $4.2 million, U.S. Bank, National Association with 37 loans totalling $12.0 million, and Harborstone CU holding 36 loans for $23.5 million. Separately, in 504 approvals, the top program intermediaries on loan count stand as Northwest Business Development Association holding 34 loans totalling $25.6 million and Ameritrust CDC at 15 loans worth $13.3 million. Beyond that, all the names are taken from SBA data for 348 approvals; they list completed approvals and no more, and not the standards that lenders require in Mount Vernon-Anacortes.

Asset classes and counties in Mount Vernon-Anacortes

30 for full-service restaurant, gas station and truck stop with 18, 16 in hotel and motel, then 16 in limited-service restaurant lead the named classes in loan count. 205 approvals fall beyond every named class, so its $237.2 million total is wider than the class list. Beyond that, 5 loans in medical office across Mount Vernon-Anacortes make too small a base to show any claim. In turn, Skagit County accounts for every one of 348 approvals, so area and county form one market. Beyond that, year by year, FY2017 begins at 34 loans and $29.7 million; FY2026 is the high point at 43 loans and $23.2 million, then FY2026, a year yet to finish, concludes the count at 43 loans and $23.2 million.

What the floors allow in Mount Vernon-Anacortes

7.2% among FY2017 to FY2024 loans in Mount Vernon-Anacortes have been cancelled before funding, a floor. Then, the matching ceiling here stays withheld, so only the floor stands. No loss floor is shown for Mount Vernon-Anacortes, WA; the FY2017 to FY2021 cohort is too sparse, and a blank does not mean zero. Worth noting: take each share on this page like a minimum, as loans approved in the latest years received too little opportunity to fall through or default, across 348 loans. Each area here rests on the CBSA that takes in any loan's county of the project, under the July 2023 definitions as published; the counties are paired by name, so a project whose county falls in no CBSA is dropped from every area, with no exception. Then, in a class or out of one, any 7(a) and 504 approval in Mount Vernon-Anacortes is added towards its $237.2 million total.

The feasibility questions for Mount Vernon-Anacortes

Around Mount Vernon-Anacortes, a proper study covering a site starts from the actual proposal, instead of the 348-loan file. Customer demand in Mount Vernon-Anacortes is the opening test: will Mount Vernon-Anacortes's catchment sustain the revenue assumed, set against rivals around Skagit County? For context, the local median runs 1.47x against the national median, so local prices may sit above norms, perhaps; test the real scope against bids from nearby trades. Next, the debt service test joins demand to cost in Mount Vernon-Anacortes: forecast income measured on loan payments, plus a downside case. Beyond that, an independent appraisal caps the work for Mount Vernon-Anacortes: the value of the collateral must carry the sum proposed. In turn, a borrower who brings a third-party report of Mount Vernon-Anacortes, ahead of approaching any lender, addresses these rates up front; the verdict sits with the lender and the agency in Mount Vernon-Anacortes, and a study cannot change that.