Medical Office Feasibility Study in the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area
What SBA's own loan files show about medical office (physicians) lending in the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area, and what a feasibility study for a project there has to test.
What the Nashville-Davidson--Murfreesboro--Franklin record shows for medical offices
Every medical office loan in Nashville-Davidson--Murfreesboro--Franklin is an SBA 7(a) loan, and the middle half starts at $250,000, almost at the median of $255,400. For medical offices, the Nashville-Davidson--Murfreesboro--Franklin, TN total is 25 loans and $22.4 million over FY2017 to FY2026. At home in Nashville-Davidson--Murfreesboro--Franklin the class sits 9 of 39, while the area is 53 of 488 on the national list. Nashville-Davidson--Murfreesboro--Franklin lending leans away from medical offices, with the location quotient at 0.73x. Nashville-Davidson--Murfreesboro--Franklin loan size runs low: $255,400 at the median, 0.75x the national median for medical offices.
Between $250,000 and $801,900 lies the middle half of the Nashville-Davidson--Murfreesboro--Franklin loans. A project needing far more than $801,900 would sit outside the usual Nashville-Davidson--Murfreesboro--Franklin band. The Nashville-Davidson--Murfreesboro--Franklin program split reads 25 for 7(a) and 0 for 504. The Nashville-Davidson--Murfreesboro--Franklin franchise share of loans is 0.00%. Hold the amount beside $255,400. Ordinary requests fall in $250,000 to $801,900. Say plainly whether the medical office is branded. The counts show a structure precedent.
Holders, places and years in Nashville-Davidson--Murfreesboro--Franklin
The SBA 7(a) holder list names Republic Bank & Trust Company, 8 loans and $5.1 million. The lender column means holder. It tells nothing of appetite. By county, Davidson County, TN accounts for 10 loans and Williamson County, TN accounts for 6 loans. Volume prints for FY2018, 0 loans at $0 and FY2022, 6 loans at $3.5 million. Unlisted years are suppressed. Each rests on very few loans. It does not mean no loans. The Nashville-Davidson--Murfreesboro--Franklin years that print are too sparse. Start with the Nashville-Davidson--Murfreesboro--Franklin record, then test the plan. A study fills the gaps the cell leaves.
Testing a medical office project in Nashville-Davidson--Murfreesboro--Franklin
Charge-off and cancellation rates: none for Nashville-Davidson--Murfreesboro--Franklin. The cohort holds fewer than 30 loans. Withheld does not mean zero. Nashville-Davidson--Murfreesboro--Franklin is defined by the 2023 delineation. Placement runs on the project county. County names do the matching. Unmatched loans appear in no area. 25 loans and $22.4 million give Nashville-Davidson--Murfreesboro--Franklin some context. Totals do not replace a study. A study for a medical office in Nashville-Davidson--Murfreesboro--Franklin has to test exam rooms against provider capacity; parking and access for patients; cash flow before billing matures; the patient base within reach; revenue per provider against payroll; credentialing and time before billing; exam room fit-out, weighed with a median loan of $255,400; referral patterns and payer mix; and a supported value for clinical space. Earlier approvals do not signal approval. Each study stands alone.
SBA medical office (physicians) loans in the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area
| Loans approved, FY2017 to FY2026 | 25 |
|---|---|
| Gross dollars approved | $22.4 million |
| Median loan | $255,400 |
| Middle half of loans, from | $250,000 |
| Middle half of loans, to | $801,900 |
| SBA 7(a) loans | 25 |
| SBA 504 loans | 0 |
| Franchise share of loans | 0.00% |
| Rank among metro and micro areas for medical office (physicians) loans | 53 of 488 |
| Rank of medical office (physicians) among the classes in this area | 9 of 39 |
| Location quotient (share of loans against the national share) | 0.73x |
| Median loan against the national median for the class | 0.75x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | not reported: fewer than 30 loans in the cohort |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA medical office (physicians) loans approved in the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | withheld | withheld |
| FY2018 | 0 | $0 |
| FY2019 | withheld | withheld |
| FY2020 | withheld | withheld |
| FY2021 | withheld | withheld |
| FY2022 | 6 | $3.5 million |
| FY2023 | withheld | withheld |
| FY2024 | withheld | withheld |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Republic Bank & Trust Company | 8 | $5.1 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Davidson County, TN | 10 |
| Williamson County, TN | 6 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-34980-C32.
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Loan Analytics prepares the feasibility study a lender reads before it commits: for a medical office (physicians) project in the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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