TOOL · DECISION TREE
Do you need a market study or a feasibility study?
This tool maps your capital source, transaction type, and asset class to the deliverable your lender requires under SBA, USDA, and HUD rules, and returns the controlling regulatory citation. Conventional bank, CMBS, and life-company requirements are set by the lender and the asset class rather than by federal program rule.
What is the primary capital source for this project?
Decision logic version 1.0. Last reviewed May 2026.
About this tool
The decision tree above reflects the current regulatory framework across SBA, USDA, HUD, and the conventional bank, CMBS, and life-company channels. It is an indicative scoping aid; your lender's credit policy is the controlling authority. For a fuller treatment of methodology, deliverables, and when each study is delivered, see the full feasibility study vs market study comparison.