Quick Service Restaurant Feasibility Study in the Springfield, MA Metro Area
What SBA's own loan files show about limited-service restaurant lending in the Springfield, MA Metro Area, and what a feasibility study for a project there has to test.
Limited-service restaurants in Hampden County
Springfield, MA is another single-county metro here: Hampden County accounts for all 27 of its limited-service restaurant loans from FY2017 to FY2026, which total $12.8 million. The class list here has limited-service restaurants in second place out of 39, while the metro stands 125 of 779 by loan count. At 0.99x, the location quotient leaves the class almost exactly at its national weight. Springfield's median of $200,000 equals 0.64x the national loan for the class; its central half starts at $50,000 and reaches $703,000. Nothing here is called distinctive.
Franchising and the one named holder
About 29.6% of loans carry a franchise affiliation. Per SBA, 5 loans worth $115,000 sit with TD Bank, National Association under 7(a); the entry is a record of what the bank holds, not of its practices. Program counts are not printed because one program lacks the loans to support a figure. No year prints either, so there is no trend to describe and no blank should be read as zero. Springfield's record is told almost entirely by its totals, which is why the ratios and the single named holder deserve the closest reading.
Why the outcome rates are missing
Before Loan Analytics shows a cancellation or charge-off rate it needs 30 loans from FY2017 to FY2021, and Springfield has fewer. The rates are therefore withheld by Loan Analytics' own rule, not by SBA, and a borrower should not take their absence for a good or bad sign.
What a Springfield study must test
A median of $200,000 and a central half that starts at $50,000 suggest many of these projects are small, equipment-driven openings, so a study should itemise what the loan buys. It has to test daily transactions against the site's traffic, drive-through capacity if there is one, the check average, labor hours and occupancy cost, and then show debt service coverage with a slow first quarter. Franchised concepts should include royalty and advertising charges in the model, since 29.6% of loans here are branded. A project near the $703,000 top of the range should say what pushes it there. Loans are assigned to this metro through the project county.
SBA limited-service restaurant loans in the Springfield, MA Metro Area
| Loans approved, FY2017 to FY2026 | 27 |
|---|---|
| Gross dollars approved | $12.8 million |
| Median loan | $200,000 |
| Middle half of loans, from | $50,000 |
| Middle half of loans, to | $703,000 |
| SBA 7(a) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | 29.6% |
| Rank among metro and micro areas for limited-service restaurant loans | 125 of 779 |
| Rank of limited-service restaurant among the classes in this area | 2 of 39 |
| Location quotient (share of loans against the national share) | 0.99x |
| Median loan against the national median for the class | 0.64x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | not reported: fewer than 30 loans in the cohort |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
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.
Approvals by fiscal year are withheld for this area, so that no year of fewer than 5 loans can be derived.
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| TD Bank, National Association | 5 | $115,000 |
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.
Where the loans are, by county
| County | Loans |
|---|---|
| Hampden County, MA | 27 |
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.
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 MA-44140-C35.
Related feasibility study pages
- Feasibility studies for limited-service restaurant projects
- Feasibility Study Data for the Springfield, MA Metro Area
- Quick Service Restaurant Feasibility Study in Massachusetts
- Massachusetts feasibility studies for SBA and USDA loans
- Feasibility Study Data by Metro Area
- Feasibility studies for SBA 7(a) and 504 loans
- Quick Service Restaurant Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area
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- Quick Service Restaurant Feasibility Study in the Boston-Cambridge-Newton, MA-NH Metro Area
- Restaurant Feasibility Study in the Springfield, MA Metro Area
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