Restaurant Feasibility Study in the Heber, UT Micro Area

What the Heber record shows for full-service restaurants

Heber dining holds first place in the local ranking, 1 of 39, and borrows above the national median, at 1.27x, with a franchise share of 0.00%. In Heber, UT, full-service restaurants account for 25 approved loans and $17.2 million, FY2017 through FY2026. Position 1 of 39 among Heber classes, and position 174 of 821 among areas nationally. Heber lending leans toward full-service restaurants, with the location quotient at 1.19x. The median loan of $350,000 is 1.27x the national median, so Heber loans run bigger than the national norm.

Loans in the middle half sit between $100,000 and $1.1 million. A request far above $1.1 million would be among the largest in Heber. The 504 program holds 9 Heber loans, against 16 under 7(a). The Heber franchise share of loans is 0.00%. Start from a $350,000 median loan. The middle half spans $100,000 to $1.1 million. Name the brand path early. Match the program to the project.

Holders, places and years in Heber

SBA 7(a) loans in Heber are held by Zions Bancorporation, National Association (7 loans worth $2.9 million), as SBA reports. Lists show who carries the paper. It says nothing about lender policy. The county table lists Summit County, UT (18 loans) and Wasatch County, UT (7 loans). Volume prints for FY2018, 5 loans at $5.7 million, FY2019, 5 loans at $3.4 million, FY2022, 0 loans at $0 and FY2025, 0 loans at $0. Every other year is held back. There are not enough loans per year. None is an empty year. Years printed above support no trend reading. Sponsors should know the Heber record first. Local evidence completes the picture.

Questions a full-service restaurant study in Heber must answer

Cancellation and charge-off rates withheld for full-service restaurants. The cohort holds fewer than 30 loans. Loss history cannot be cited. Heber is defined by the 2023 delineation. Loans are placed by project county. Counties are matched on name. Unmatched loans are dropped from every area. 25 approved loans carry $17.2 million in Heber. The totals leave the project case open. Underwriting a full-service restaurant in Heber turns on build-out or purchase cost against the $350,000 median; parking and visibility at the site; the margin left after prime costs; performance in slow seasons; sales that cover prime costs and debt; menu prices against what guests will pay; whether diners come all week; and appraisal of a dining building. The record implies no approval in Heber. Each study stands alone.