Physical Therapy Clinic Feasibility Study in the Chicago-Naperville-Elgin, IL-IN Metro Area

Chicago-Naperville-Elgin: $35.6 million in rehabilitation and therapy clinic loans

Across FY2017 to FY2026, Chicago-Naperville-Elgin businesses in rehabilitation and therapy clinic took 103 approvals summing to $35.6 million. The median loan stands at $150,000, with the middle half ranging $87,000 up to $331,300. At 1.00x of the national median for rehabilitation and therapy clinic, Chicago-Naperville-Elgin sits level with the national figure.

Chicago, IL ranks 4 of 406 for rehabilitation and therapy clinic

Counting Chicago by program, 7(a) has 84 loans and 504 has 19. No franchise share prints for rehabilitation and therapy clinic in Chicago, IL, because Loan Analytics withholds it on a base this small. The class holds 15 of 39 among Chicago industries, and Chicago holds 4 of 406 among areas for rehabilitation and therapy clinic. At 0.93x on the location quotient, rehabilitation and therapy clinic is lighter in Chicago than nationwide. By county, Cook County, IL leads with 51 loans, then DuPage County, IL with 15 and Will County, IL with 10.

Who holds the 103 Chicago, IL loans

By year, FY2021 tops the series with 14 loans and $9.9 million, while FY2025 trails with 9 and $3.9 million. Where a Chicago year has too few rehabilitation and therapy clinic loans, Loan Analytics leaves the year blank. Chicago, IL 7(a) holders, ranked by loans: JPMorgan Chase Bank, National Association, 13 loans, $1.9 million; The Huntington National Bank, 9 loans, $2.9 million; Byline Bank, 7 loans, $3.8 million. JPMorgan Chase Bank, National Association holds the most loans of the three, while Byline Bank holds the most dollars. SBA's file ties 13 Chicago-Naperville-Elgin loans to JPMorgan Chase Bank, National Association as the current holder, and that tells a reader nothing about the bank's credit approach. SBA 504 loans in Chicago are listed to SomerCor 504, Inc. (9 loans, $2.9 million). The Chicago cancellation floor is 13.3%; Loan Analytics withholds the ceiling, and a blank is not zero. Chicago prints no charge-off rate either: of the 103 loans, too few were disbursed in the cohort to print a rate, and that is not a zero.

The Chicago-Naperville-Elgin study: demand, cost, coverage, appraisal at $331,300

Revenue around Chicago, IL rests on nearby clinics, payer mix and the share of self-pay patients, built from the ground up, not from 103 past loans. On cost, the Chicago-Naperville-Elgin study prices staff licensing, treatment space and the months a new clinic needs to fill its schedule against Chicago lease terms and Chicago contractors. Coverage in Chicago, IL is tested at $150,000, $87,000 and $331,300 alike, since the record spans that range. Chicago, IL appraisers will value referral goodwill, therapy equipment and specialized buildout one at a time, so the Chicago study ought to do the same. A $35.6 million record cannot approve a Chicago project, and nothing in it is a promise of funding.

Limits behind 103 Chicago-Naperville-Elgin loans

Placement of 103 Chicago, IL loans runs on the project county. Matching Cook County, IL and its neighbors to Chicago uses names under the July 2023 delineation. Chicago-Naperville-Elgin cancellation covers FY2017 to FY2024 approvals across Chicago; charge-offs cover FY2017 to FY2021 disbursements.