Who we are
Wert-Berater, Inc. has prepared independent feasibility studies for lenders, certified development companies, and federal agencies since 1998 — more than four thousand engagements representing $40.2 billion in evaluated project value across all fifty states and international assignments. Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism: fees are fixed, quoted up front, never contingent on findings, and a determination is never changed under pressure.
What we do
Full market, technical, financial, management, and economic feasibility for proposed projects, expansions, acquisitions, and turnarounds — prepared to the standard the reviewing program actually applies: SOP 50 10 for SBA credits, 7 CFR Part 5001 for USDA guarantees, job-creation analysis for EB-5, and negotiated coverage standards for conventional underwriting. Every study ships as a complete analytical report plus a fully linked Excel model in which no number is hardcoded — the underwriter can change any assumption and watch the whole analysis recompute.
How we do it
Demand is derived, never asserted: traffic-count capture for fuel retail, penetration analysis for lodging, saturation arithmetic for storage, double-qualified penetration for senior housing — the accepted methodology for your asset class, with the formulas shown so the credit committee can audit them. Coverage is tested at the program minimum across sensitivity, rate-stress, and Monte Carlo cases; every study passes a twenty-point reasonableness review and every model a twenty-two-point audit before delivery.
How we can help you
If your project is sound, the study proves it with evidence a committee can verify — and moves the credit through review instead of stalling in it. If it carries weaknesses, the study finds them early and converts them into structure: reserves, phasing, enumerated conditions precedent with the curing documents named. Weaknesses identified early become structure; weaknesses discovered in committee become declines. Either way, you get the truth about the project before the capital commits — which is precisely why lenders accept our determinations.
How to engage us
Standard delivery is 10 to 15 business days from complete project data. Rush delivery for deals already in underwriting is accepted case by case for an additional fixed fee, quoted up front and committed in writing. Engagements are typically initiated by the borrower, with lender or CDC confirmation obtained before work begins — institutions differ, so confirm the procedure with your lending contact.
What makes a feasibility study bankable
A feasibility study is bankable when a credit committee can rely on it instead of taking the sponsor’s word. That means every assumption is sourced, the financial model is fully linked with zero hardcoded numbers, and repayment is carried through downside cases — not just a favorable base case. A study that reads like a sales document does not survive underwriting; one built to the lender’s standard moves the deal forward.
Independent analysis, not advisory
Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism. Fees are fixed, quoted up front, and never contingent on the finding, and a determination is never changed under pressure. Independence is what separates a feasibility study from a business plan — and it is what gives the document weight where the decision is actually made.
What every study includes
Each engagement ships as a complete analytical report plus a fully linked Excel model: an executive summary and conclusion; market and demand analysis on the accepted methodology for the asset class; competitive supply; site and technical review; a management assessment; multi-year projections with coverage tested through sensitivity, rate-stress, and Monte Carlo cases; and an explicit statement of conditions with curing documents named.
Programs and lenders we serve
We prepare studies for SBA 504 and 7(a) credits, USDA Business & Industry and Community Facilities guarantees, EB-5 regional-center projects, and conventional bank and institutional financing. For program-specific requirements, see our SBA feasibility study consultants and USDA feasibility study consultants pages. Studies are prepared by senior analysts, including MAI-designated professionals, under principal review.
Cost and timeline
The fee is fixed and quoted in writing within one business day of your request, scoped to the project’s size, asset class, and complexity — there is no charge for the quote. Standard delivery is 10 to 15 business days from complete project data, and rush delivery for deals already in underwriting is available for a fixed add-on, committed up front.
Frequently asked questions
What is a feasibility study, and what makes it bankable?
A feasibility study is an independent analysis of whether a project can support its financing. It is bankable when every assumption is sourced, the financial model is fully linked with no hardcoded numbers, and repayment is tested through downside cases — so a credit committee can rely on it rather than take the sponsor’s word.
Is a feasibility study the same as a business plan or an appraisal?
No. A business plan is the sponsor’s argument for the project, and an appraisal opines on property value. A feasibility study is an independent test of viability and repayment ability, written for the lender or agency, and it stands apart from both.
Who relies on the study?
Lenders and Certified Development Companies, federal agencies such as the SBA and USDA, EB-5 regional centers, and private and institutional investors deciding whether to commit capital.
How fast can you deliver, and what does it cost?
Standard delivery is 10 to 15 business days from complete data, with rush available. Fees are fixed and quoted in writing within one business day — never contingent on the finding.
Do you prepare SBA and USDA feasibility studies?
Yes. See our dedicated SBA feasibility study consultants and USDA feasibility study consultants pages for program-specific detail, or request a quote and we will scope your project directly.