Community Facilities Programs Feasibility Study
Are you looking to support your USDA rural community loan/grant with a feasibility study or financial feasibility report?
MMCG can help you by conducting a feasibility study or a financial feasibility report during your application process to receive USDA rural community facility support.
What needs to be included in the community facility feasibility study or financial feasibility report? USDA demands a feasibility study or financial feasibility report per the official guideline. These essential parts that need to be included in community facility analysis are:
1. Need for facility
This section identifies the needs of the facility. One of the essential tasks of this part is to predict and rationalize demand for the project's services.
The service area is estimated and defined as the primary market area. Demographic analysis, including population income, is presented. Specifics of your service area are explained and presented.
2. Existing facilities
In this section, a detailed competitor overview is presented. Projected demand is considered with the supply of the existing facilities. Detailed competitor comparison is presented, also with their capacity and service and price/cost comparison. Analysis of competitors under construction is performed.
3. Proposed Facility
This section detailly presents the service and capacity of the proposed project. A description of repairs/renovation/expansion is presented.
4. Financial Feasibility
In financial feasibility, usage trend projection is transformed into the financial forecast. This section should present a 10-year detailed financial forecast, including all income sources (the cost of goods, public donations, government funding, and grants…) and all expenses.
A stress scenario is presented, including simulated 5, 10, and 15 percent decreases in income sources. The debt cover ratio is estimated.
Who can conduct a feasibility study or a financial feasibility report? Assessment needs to be provided by third-party independent and fully qualified providers. Also, the depth of analysis needs to prove that analysts disclose all aspects which have or might have an impact on the financial feasibility of a project.
MMCG Invest is an expert USDA feasibility study provider. We conduct dozens of feasibility studies per year. We serve the whole US. Our delivery time is about 5-7 business days.
Have a particular challenge you're trying to deal with? Let's discuss your project and see what we can do for you.
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