Physical Therapy Clinic Feasibility Study in the Atlanta-Sandy Springs-Roswell, GA Metro Area

Sixth of 406 areas for therapy clinic loans, with a thin public record

Metro Atlanta places sixth among 406 areas for rehabilitation and therapy clinic loans, though therapy sits only fourteenth among its own 39 classes. SBA approved 85 loans here for $35.7 million between FY2017 and FY2026. A $220,500 median puts Atlanta clinic loans at 1.47x the national figure, and half of them fall from $100,000 to $448,000. The location quotient of 1.13x leans modestly toward the class, and franchise flags appear on 9.4% of loans, so most clinics are owner-operated.

Programs split 76 to SBA 7(a) and 9 to SBA 504. Gwinnett County has 18, Fulton County 13, DeKalb County 11, Forsyth County 10, Cherokee County and Cobb County 8 each, and Clayton County 5.

A short lender list

Only two holders reach the listing floor in SBA's tables. Live Oak Banking Company is shown with 8 loans and $4.8 million. Readycap Lending, LLC is shown with 5 loans worth just $265,000, which suggests very small loans. No 504 holder appears. These are the present holders of record, and a borrower should not take them as a guide to what any lender will ask.

Little is printed for this cell. No rate for cancellation and none for charge-off to date appears, and Loan Analytics blanks the yearly loans and dollars for every year but two. The visible years are FY2017, with 11 loans worth $5.3 million, and FY2020, with 5 loans worth $1.9 million. Each blank rests on few loans and is no zero. A reader therefore has no outcome floor for Atlanta therapy clinics, and a study should lean on its own evidence about the practice.

Testing a therapy clinic in the Atlanta suburbs

A clinic study begins with referrals. Most patients arrive through physicians, so the study must show how many referring practices lie within reach and how the owner will keep them. It then tests therapist capacity: visits per therapist per day, hiring and licensing, and the time a new clinic needs to fill its schedule. Payer mix and reimbursement rates set revenue per visit. An appraiser has to separate leasehold improvement and treatment equipment from the cash flow that supports value, since collateral alone will be thin. Gwinnett, Fulton and DeKalb counts take in only loans matched on the July 2023 list, which keeps them low.