Medical Office Feasibility Study in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area
What SBA's own loan files show about medical office (physicians) lending in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area, and what a feasibility study for a project there has to test.
The Virginia Beach-Chesapeake-Norfolk picture for medical offices
Medical offices in Virginia Beach-Chesapeake-Norfolk track the national share, at 1.05x, but with loans well below the national median, at 0.44x. For medical offices, the Virginia Beach-Chesapeake-Norfolk, VA-NC total is 25 loans and $9.6 million over FY2017 to FY2026. Position 7 of 39 among Virginia Beach-Chesapeake-Norfolk classes, and position 53 of 488 among areas nationally. Virginia Beach-Chesapeake-Norfolk lending leans toward medical offices, with the location quotient at 1.05x. A median of $150,000 sits at 0.44x of the class median nationally; the typical Virginia Beach-Chesapeake-Norfolk loan is smaller.
Loans in the middle half sit between $53,000 and $475,000. A proposal's place in this Virginia Beach-Chesapeake-Norfolk band is an early test. The Virginia Beach-Chesapeake-Norfolk program split reads 19 for 7(a) and 6 for 504. No franchise share is printed for Virginia Beach-Chesapeake-Norfolk, VA-NC, because Loan Analytics holds it back. Weigh the request against the $150,000 median. Ordinary requests fall in $53,000 to $475,000. Name the brand path early. The counts show a structure precedent.
Who holds the Virginia Beach-Chesapeake-Norfolk loans, and when
County counts read Chesapeake city, VA 6 and Virginia Beach city, VA 6. The years that print are FY2019 (6 loans, $5.0 million), FY2020 (0 loans, $0) and FY2024 (5 loans, $1.2 million). Every other year is held back. Too few loans sit behind them. Hidden does not mean zero. So few years rule out a trend. Sponsors should know the Virginia Beach-Chesapeake-Norfolk record first. A study fills the gaps the record leaves.
Testing a medical office project in Virginia Beach-Chesapeake-Norfolk
Charge-off and cancellation rates: none for Virginia Beach-Chesapeake-Norfolk. There is no cohort of 30 loans. The page has no loss measures. Areas are federal groupings, 2023 edition. Each loan is matched via its county. The comparison runs on names. Any unplaced loan belongs to no area. Virginia Beach-Chesapeake-Norfolk shows $9.6 million across 25 loans. Each project needs its own analysis. The study behind a medical office loan request in Virginia Beach-Chesapeake-Norfolk should test exam room fit-out against the $150,000 median; revenue per provider against payroll; the patient base within reach; cash flow before billing matures; referral patterns and payer mix; parking and access for patients; exam rooms against provider capacity; the practice's payer contracts; and the appraisal of the building. The record implies no approval in Virginia Beach-Chesapeake-Norfolk. Each study stands alone.
SBA medical office (physicians) loans in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area
| Loans approved, FY2017 to FY2026 | 25 |
|---|---|
| Gross dollars approved | $9.6 million |
| Median loan | $150,000 |
| Middle half of loans, from | $53,000 |
| Middle half of loans, to | $475,000 |
| SBA 7(a) loans | 19 |
| SBA 504 loans | 6 |
| Franchise share of loans | withheld |
| 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 | 7 of 39 |
| Location quotient (share of loans against the national share) | 1.05x |
| Median loan against the national median for the class | 0.44x |
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 Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | withheld | withheld |
| FY2018 | withheld | withheld |
| FY2019 | 6 | $5.0 million |
| FY2020 | 0 | $0 |
| FY2021 | withheld | withheld |
| FY2022 | withheld | withheld |
| FY2023 | withheld | withheld |
| FY2024 | 5 | $1.2 million |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Where the loans are, by county
| County | Loans |
|---|---|
| Chesapeake city, VA | 6 |
| Virginia Beach city, VA | 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-47260-C32.
Related feasibility study pages
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- Feasibility Study Data by Metro Area
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Loan Analytics prepares the feasibility study a lender reads before it commits: for a medical office (physicians) project in the Virginia Beach-Chesapeake-Norfolk, VA-NC 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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