Feasibility Study Data for the Pittsfield, MA Metro Area

The scale of lending near Pittsfield

For Pittsfield, the agency's approval files hold 348 approved loans over FY2017 through FY2026, totalling $120.5 million in gross dollars. Pittsfield sits across all such areas nationwide, measured by loan count, in place 212 of 928. The central half of Pittsfield approvals sits between $39,025 and $324,250, with a typical loan of $100,000; and the median sits at 0.48x the national median. Split by program, Pittsfield shows 271 loans in 7(a) and 77 under 504. Franchises make up 2.0% of the record.

Pittsfield: businesses and places

Besides, within the business classes we track for Pittsfield, full-service restaurant is largest with 27 loans, trailed by hotel and motel (20) and limited-service restaurant, 7 loans. Another 247 loans in Pittsfield fall outside the classes. Every loan in Pittsfield sits in Berkshire County, MA, at 348 loans, which makes our work around Pittsfield a matter of one county only.

Pittsfield: who holds loans

Lenders named for Pittsfield are read from SBA's own Pittsfield records of the 348 business loans in Pittsfield, with the holder as SBA lists it; such records log each position but settle nothing about how lenders underwrite. Worth noting, among 7(a) loans in Pittsfield, SBA's records name Beacon Bank and Trust ($6.5 million across 68 loans); after it, Lee Bank, with 37 loans for $10.0 million. Under 504 in Pittsfield, SBA names Granite State Economic Development Corporation (48 loans, $23.5 million), then Bay Colony Development Corporation, holding 22 loans worth $16.0 million. A borrower near Berkshire County, MA may ask the Pittsfield holder Beacon Bank and Trust or other Pittsfield holders near Berkshire County, MA what evidence it requires, then fit the Pittsfield study to meet that.

Pittsfield: loss floors and years

Among Pittsfield approvals from FY2017 to FY2024, at least 9.2% were cancelled after approval in Pittsfield, and that is a floor; the real Pittsfield share is no lower. Next, a charge-off rate for Berkshire County, MA is not published in this table, seeing that too few Pittsfield loans were disbursed. That gap, near Berkshire County, MA, is never to be read as zero losses. Next, on the calendar, Pittsfield reached its high in FY2017 at 72 loans and $13.0 million, and reached its trough in FY2022 at 19 loans and $7.4 million.

Pittsfield: what a study tests

In Pittsfield, demand comes first: who passes in Berkshire County, MA, who comes in from outside, measured against Pittsfield overall, and what gap the 27 full-service restaurant loans leave. Cost next: $100,000 is the Pittsfield median and $39,025 to $324,250 the central range, so a Berkshire County, MA site must justify its budget against this $100,000 midpoint. Repayment: Pittsfield repayment absorbs a weak year against the 9.2% cancellation rate with the charge-off rate for Pittsfield, which is also kept back as its cohort is small. The Berkshire County, MA appraisal must support the figure the loan uses. Pittsfield uses the July 2023 map; a loan whose listed county finds no place is excluded from every other area, Pittsfield included, while the totals retain loans apart from the classes we track.