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 FY202625
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) loans25
SBA 504 loans0
Franchise share of loans0.00%
Rank among metro and micro areas for medical office (physicians) loans53 of 488
Rank of medical office (physicians) among the classes in this area9 of 39
Location quotient (share of loans against the national share)0.73x
Median loan against the national median for the class0.75x

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

0246FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2018: 0Loans, FY2022: 6
Fiscal yearLoansDollars
FY2017withheldwithheld
FY20180$0
FY2019withheldwithheld
FY2020withheldwithheld
FY2021withheldwithheld
FY20226$3.5 million
FY2023withheldwithheld
FY2024withheldwithheld
FY2025withheldwithheld
FY2026withheldwithheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
LenderLoansDollars
Republic Bank & Trust Company8$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

CountyLoans
Davidson County, TN10
Williamson County, TN6

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.

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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