Dental Office Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area

Dental practices behind a top national rank

Counting every metro and micro area, the New York region stands 2 of 562 for dental office loans, with 430 approved from FY2017 to FY2026 and $252.0 million in gross dollars. Among local classes it sits at 11 of 39, and its location quotient of 0.78x puts it below its national portion of lending. The median loan is $340,000, 0.67x what dental offices borrow at the median nationwide, and the loans nearest the middle run $100,000 to $780,375. What this cell shows, then, is a large count of mostly smaller practice loans in a region where dental is less prominent than in the country overall.

Programs and ownership

Of the 430 loans, 404 sit under 7(a) and 26 under 504. No loan is tagged as franchised, shown as 0.00%. A study for a purchase must set the value of the patient base apart from the value of the premises.

Holders and counties

Under 504, Empire State Certified Development Corporation is listed with 17 loans worth $17.9 million, and Trenton Business Assistance Corporation with 9 worth $5.1 million. As 7(a) holders, TD Bank, National Association has 45 loans worth $13.7 million, JPMorgan Chase Bank, National Association 40 worth $7.9 million, Live Oak Banking Company 39 worth $42.6 million, Bank of America, National Association 33 worth $20.7 million, and Manufacturers and Traders Trust Company 28 worth $4.1 million. Live Oak's higher dollars on fewer loans show up in SBA's data only as a difference in average size. These records show who holds or held the loans; they do not speak to any lender's current practice. New York County has 58 loans, Bergen, NJ 42, and Nassau and Queens 38 and 33. Approvals fell to 22 loans in FY2020 and peaked at 64 loans and $35.8 million in FY2024.

Outcomes and the study

Cancellation after approval reaches 10.6% or more for FY2017 to FY2024 approved loans, a floor. Loan Analytics withholds the upper bound for cancellations and the charge-off rate for dental offices here, because the cohorts are too thin, and withheld never means zero. Regional placement rests on the project county as mapped in 2023, with unplaceable counties dropped. A dental office study in this region should test the supply of dentists per resident population in the trade area, payer mix and reimbursement, build-out cost for operatories in leased space, debt service coverage, and the appraisal.