Restaurant Feasibility Study in the Springfield, MA Metro Area

How Springfield ranks for restaurant

Ordered across metro and micro areas, Springfield, MA comes in 110 of 821; SBA approved 44 loans there from FY2017 to FY2026, worth $8.6 million. Share of loans for restaurant in Springfield comes to 1.08x of the national share: Springfield leans toward the class. Ranked inside Springfield, the class sits 1 of 39, a strong local line. All of Springfield's loans sit in MA.

In Springfield, the median loan is $87,500, with the middle half running from $25,000 to $190,500. Our median is 0.32x the class median nationally, so Springfield borrowers take smaller loans. Of Springfield's loans, 35 are 7(a) and 9 are 504, shaping each request. With 504 in Springfield, the collateral is fixed assets. The franchise share for Springfield is held back on thin counts, and Springfield brand status stays open.

Springfield holders and counties for restaurant

On the 7(a) side in Springfield, SBA records these holders Beacon Bank and Trust (10 loans, $585,000); and TD Bank, National Association (6 loans, $475,000). No 504 holder is listed for Springfield. Springfield rows are SBA records. Springfield lenders hold or held these loans. The Springfield table describes files, not practices. Nothing in Springfield shows what a lender will ask. Springfield place by place: Hampden County, MA holds 44 loans.

Year by year, Springfield shows 13 loans and $2.9 million in FY2017, 5 loans and $578,700 in FY2018 and 6 loans and $2.5 million in FY2019. FY2020 through FY2026 are held back for Springfield on thin counts, so a Springfield gap is unpublished, nothing more. Loans approved from FY2017 to FY2024 in Springfield were cancelled once approved, a floor of 12.8%. Undisbursed loans counted too, the ceiling is 12.8%. Springfield has no published charge-off floor. Thin Springfield cohorts mean unpublished, not none. Every Springfield figure follows the July 2023 delineation, so each Springfield loan is placed by county, and Springfield excludes any county it cannot match.

A restaurant study for Springfield: the tests

For a restaurant project in Springfield, MA, the record gives context; a study proves. Springfield analysis should establish competing dining rooms by cuisine and price. Each Springfield study must establish sales per seat against the rent carried. Springfield reviewers will check parking, visibility and walk-by traffic. The Springfield file should document coverage through one weak quarter. For Springfield, we would first examine whether liquor sales are in the plan. Springfield tests demand, cost, coverage and value. No Springfield approval is promised here.