Prepared for lenders, CDCs, and federal agencies to SBA SOP 50 10 8, USDA RD Instruction 5001, and conventional underwriting standards. Fiduciary duty runs to the lender and the agency, never the borrower. More than 4,000 studies since 1998 covering $40.2 billion in evaluated project value.
Veterinary facilities — general practices, emergency and specialty hospitals, and large-animal clinics — combine retail-medicine demand with a cash-pay reality that simplifies the payer question and sharpens the demographic one: pet-owning households, their density, and their documented spending define the market. The study sizes demand from household and pet-ownership data against the competitive census including corporate consolidators, models revenue per veterinarian against the category's production benchmarks, and tests the staffing plan against the veterinarian shortage that constrains the entire sector — recruiting reality is a feasibility factor, not a footnote.
Demand from pet-owning-household density and spending benchmarks, production modeling per DVM at documented revenue norms, service-mix analysis where boarding, grooming, or emergency lines layer onto practice revenue, and recruitment-market analysis treated as the binding constraint it currently is.
Every Wert-Berater financial model is fully linked with no hardcoded values, so any reviewer can stress any input. Deliverables comprise a complete narrative report and the linked Excel model, with ten-year pro forma, sensitivity analysis at ±5, 10, and 15 percent, interest-rate stress from +0.5 to +3.0 percent, and ratio analysis benchmarked against RMA and IBISWorld data.
SBA engagements are prepared to SOP 50 10 8, including its debt-service-coverage minimums of 1.15x operating and 1.00x global. USDA engagements follow RD Staff Instruction 5001 across the Business & Industry, Community Facilities, REAP, and Value-Added Producer Grant programs. Conventional engagements are built to the lender's stated coverage standard, typically 1.20x. Owner-veterinarian projects fit SBA structures directly; emergency and specialty hospitals at scale route conventional; rural large-animal practices can reach USDA frameworks.
The engagement pairs the firm's professional-practice discipline with its agricultural record where large-animal and mixed practices serve producer communities. Independence is non-negotiable: determinations follow the evidence and are not revised under pressure, and studies are built to pass lender, agency, and third-party review without exception items.
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