Restaurant Feasibility Study in the Mount Vernon-Anacortes, WA Metro Area
What SBA's own loan files show about full-service restaurant lending in the Mount Vernon-Anacortes, WA Metro Area, and what a feasibility study for a project there has to test.
Full-service dining in the Mount Vernon-Anacortes area
Full-service restaurants lead the classes in Mount Vernon-Anacortes, WA, 1 of 39, and the area is 149 of 821 nationally. For them the area approved 30 loans worth $12.5 million in all. With a location quotient of 1.73x, puts restaurants well above their national share of local loans. Against the national median for the class, the area's median loan of $290,250 comes to 1.06x, so a loan here is about the size of a typical one elsewhere, and a sponsor should not expect the lender to treat the request as unusual in scale.
Mix, brands and the holder
From $117,250 to $506,500 runs the middle half of the loans. The program counts are 22 for SBA 7(a) and 8 for SBA 504. Not one loan carries a franchise brand, a share of 0.00%. Skagit County, WA records all 30 loans, so the whole record belongs to a single county, and a study can anchor its trade area there. Only Harborstone CU prints as a holder: 6 SBA 7(a) loans, $5.1 million together.
Four years print. FY2018 shows 5 loans and $1.3 million. FY2019 shows 5 loans and $2.9 million. FY2021 is empty: 0 loans and $0. FY2023 shows 5 loans and $3.0 million. Other years go unshown, with only a handful of loans behind them. Loan Analytics gives no cancellation or charge-off rate here, given that the base falls short of 30 loans.
Testing an independent restaurant here
Because no loan on this page carries a franchise brand, a study cannot lean on a brand's track record and must prove its own concept. Independent operators also carry their own purchasing and marketing costs, so those belong in the plan: the menu, the check and the covers a realistic trade area can supply. It has to test labour and food cost, the lease or purchase terms, and build-out cost against a typical loan near $290,250, and prove the debt payment is met in a lean season. Where property is bought, the appraiser should state one value for the real estate and another for the business. The area is defined by the county of each financed project, taken from the July 2023 list.
SBA full-service restaurant loans in the Mount Vernon-Anacortes, WA Metro Area
| Loans approved, FY2017 to FY2026 | 30 |
|---|---|
| Gross dollars approved | $12.5 million |
| Median loan | $290,250 |
| Middle half of loans, from | $117,250 |
| Middle half of loans, to | $506,500 |
| SBA 7(a) loans | 22 |
| SBA 504 loans | 8 |
| Franchise share of loans | 0.00% |
| Rank among metro and micro areas for full-service restaurant loans | 149 of 821 |
| Rank of full-service restaurant among the classes in this area | 1 of 39 |
| Location quotient (share of loans against the national share) | 1.73x |
| Median loan against the national median for the class | 1.06x |
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.
SBA full-service restaurant loans approved in the Mount Vernon-Anacortes, WA Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | withheld | withheld |
| FY2018 | 5 | $1.3 million |
| FY2019 | 5 | $2.9 million |
| FY2020 | withheld | withheld |
| FY2021 | 0 | $0 |
| FY2022 | withheld | withheld |
| FY2023 | 5 | $3.0 million |
| FY2024 | withheld | withheld |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Harborstone CU | 6 | $5.1 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.
Where the loans are, by county
| County | Loans |
|---|---|
| Skagit County, WA | 30 |
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-34580-C34.
Related feasibility study pages
- Full-service restaurant feasibility study consultant
- Feasibility Study Data for the Mount Vernon-Anacortes, WA Metro Area
- Restaurant Feasibility Study in Washington
- Washington feasibility study consultant
- Feasibility Study Data by Metro Area
- SBA feasibility study consultant
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