SBA 7(a) Coffee Shop Feasibility Study in Maine

The Maine coffee shop (SBA 7(a)) record at a glance

Across FY2017 and FY2026, SBA approved 55 loans in the 7(a) program to coffee shop projects in Maine, carrying $9.3 million in gross dollars. Maine's coffee shop volume under SBA 7(a) stands 36 nationally on loan count, while coffee shop sits 3 of 39 among Maine's asset classes. Midpoint size: $95,000. Relative to coffee shop (SBA 7(a)) lending nationwide, Maine runs at 0.42x on the median, a smaller ticket size. Between $38,500 and $235,000 sits half of the loans in Maine. Franchised borrowers account for 12.7% of the 55 loans. Maine coffee shop lending blends into its parents across 55 loans: nothing in Maine clears the distinctness margin, so Maine readers must use Maine's lender, county and timing detail.

Where the Maine loans sit

At the top of the lenders table in Maine: TD Bank, National Association, 10 loans at $617,500; Maine Community Bank, 9 loans at $1.3 million; Bangor Savings Bank, 7 loans at $1.1 million. Read the 10 loans and $617,500 for TD Bank, National Association with care: SBA lists each Maine loan's present holder, so a Maine lender above could have bought a coffee shop note instead of making it. Within Maine, the counties in SBA's files are Cumberland with 25, York with 12, Androscoggin with 9 and Penobscot with 3. Timing shows a simple story for coffee shop in Maine: approvals peaked at 9 loans, worth $2.3 million, in FY2021, with FY2026 at 7 loans and $2.3 million; the series opened in FY2017 at 6.

Maine: outcomes, read as minimums for coffee shop

Of the FY2017 to FY2024 Maine coffee shop approvals, at least 4.7% were cancelled without full disbursement; treating undisbursed loans as cancelled gives the identical 4.7%. Among the 55 coffee shop loans in Maine, the FY2017 to FY2021 funded group is too small for a charge-off figure for coffee shop, which is why this page withholds it; the gap is not a zero. Institutions should treat these Maine rates, drawn from 55 loans, as minimums, never as final results. SBA classifies the 55 Maine borrowers by industry code, not by coffee shop building or concept, so coffee shop here follows the code groupings, not coffee shop's physical use of a Maine site.

Questions a coffee shop (SBA 7(a)) study in Maine must answer

Under 7(a), one lender reviews the whole Maine coffee shop request, and across 55 loans a share of each is guaranteed, and the coffee shop study needs to stand under that Maine lender's underwriting issues. A Maine coffee shop study tests daypart sales beside site traffic and nearby coffee competition. Build-out cost against the modest space is a key question for a Maine coffee shop. The coverage test runs at $95,000 and again at $235,000, with a slower case, so a Maine lender can see where coffee shop the margin thins. An appraiser for Maine would ask whether sales carry the occupancy cost the parcel implies. Lenders such as TD Bank, National Association appear in this Maine record; the record is history, and what TD Bank, National Association or any other Maine lender wants from a coffee shop study is its own to state.

These $9.3 million of Maine approvals are SBA's own Maine data, given as perspective for a coffee shop request; the coffee shop study, signed by Daniel Smith, MAI, for Maine, carries the site-level work, and no figure on this Maine page guarantees approval.