Physical Therapy Clinic Feasibility Study in the Detroit-Warren-Dearborn, MI Metro Area

Modest loans, strong placement

On clinic volume Detroit-Warren-Dearborn places 10 of 406 once the whole metro and micro field is ranked. SBA holds 69 such loans for FY2017 to FY2026 which sum to $21.6 million. The median is $150,000, precisely 1.00x the national benchmark, and the middle half spans $51,800 to $338,000. Clinics here borrow small, typically for equipment, a lease and early payroll. Inside the area the class is 14 of 39.

Mix and weight

A location quotient of 1.12x gives therapy clinics a slightly heavier share of local lending than nationally. The program counts are 63 under 7(a) and 6 under 504. The franchise share is withheld, so neither a number nor a zero belongs on it. The code spans physical therapy and related rehabilitation, which makes the class a bit broader than one profession.

The Huntington effect and the county lines

The Huntington National Bank is holder on 28 of the 7(a) loans, with $3.1 million in approvals, a very large part of the 69 in this cell. SBA's holder field tallies the institution's holdings and tells nothing about its approach. By county, Oakland County, MI leads with 34 loans and Wayne County, MI follows with 19. The years that print: FY2017, 6 loans and $515,600; FY2018, 9 and $1.2 million; FY2020, 6 and $1.3 million; FY2022, 9 and $2.7 million; FY2023, 7 and $3.2 million; FY2024, 11 and $5.7 million. FY2019, FY2021, FY2025 and FY2026 are withheld.

Floors in the Detroit record

Cancellation after approval reaches at least 11.9% of FY2017 to FY2024 Detroit approvals. No ceiling or charge-off rate is printed because the cohorts are too small. Detroit's total is limited to loans whose project county, in Michigan, could be found by name in the 2023 area.

What a Detroit clinic study tests

A clinic is limited more by clinicians than by space, so the study should test referral channels, payer contracts and how many therapist hours the plan can actually fill. Costs include the suite buildout, treatment equipment and the months before billing begins. Run debt service at the median, then again near the top quartile, and ask the appraiser to separate the lease and improvements from the practice itself.