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 $41.2 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 and 7(a) feasibility studies addressing repayment ability at program coverage minimums — 1.15x operating and 1.00x global — occupancy rules, special-purpose property treatment, and management capability under SOP 50 10. USDA Business & Industry, Community Facilities, REAP, and VAPG studies built on the complete five-factor framework of 7 CFR Part 5001: market, technical, financial, management, and economic feasibility, organized the way agency reviewers actually read. Mid-engagement program conversions — SBA to conventional, or layered capital stacks — handled without re-deriving the analysis.
How we do it
The study is organized to the reviewing framework, not adapted to it afterward: each 5001 factor receives its own evidenced analysis; each SBA requirement maps to a section the underwriter can cite. Demand uses the accepted methodology for the asset class with the arithmetic shown; the model tests coverage at the exact program minimum across stress cases; and conditions, where required, are enumerated with curing documents named — the format that converts directly into a closing checklist.
How we can help you
Agency review is where program deals live or die on documentation. A study built to the framework moves through SBA and USDA review without the question-and-answer cycles that consume closing timelines — and when reviewers do ask, underwriter Q&A support through closing is part of the engagement. For deals already in underwriting against a deadline, rush delivery is accepted case by case at a fixed fee. You will know exactly where the project stands against the program’s standards before the agency does.
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.