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
SBA 504 feasibility studies for owner-occupied real estate and equipment credits — repayment at program coverage minimums, occupancy rules, special-purpose treatment, and debenture structure under SOP 50 10 — and SBA 7(a) studies for business acquisition, construction, and working-capital credits covering operating projections, management capability, and global cash flow. Every study ships as a complete analytical report plus a fully linked Excel model with zero hardcoded numbers.
How we do it
The study maps section by section to the SOP’s requirements so the underwriter and CDC can cite it directly. Demand uses the accepted methodology for the asset class with the arithmetic shown; coverage is tested at exactly 1.15x operating and 1.00x global across sensitivity, rate-stress, and Monte Carlo cases; and where conditions are required, they are enumerated with curing documents named — the format that becomes the closing checklist.
How we can help you
SBA deals stall on documentation gaps, not on bad projects. A study built to the framework moves through lender and CDC review without the question cycles that burn closing timelines — and underwriter Q&A support through closing is part of the engagement, not an extra. Deals already in underwriting against a deadline qualify for rush delivery at a fixed fee, quoted up front.
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.