Physical Therapy Clinic Feasibility Study in the Indianapolis-Carmel-Greenwood, IN Metro Area

What SBA's own loan files show about rehabilitation and therapy clinic lending in the Indianapolis-Carmel-Greenwood, IN Metro Area, and what a feasibility study for a project there has to test.

Rehabilitation clinics in central Indiana

In Indianapolis-Carmel-Greenwood, rehabilitation and therapy clinic loans stand at 13 of 39 within Indianapolis-Carmel-Greenwood's own classes, and the area is 24 of 406 nationally for them. The 31 approved loans, worth $10.0 million, were logged between FY2017 and FY2026, led by Hamilton County with 11, then Marion County with 7 and Johnson County with 5. Indianapolis-Carmel-Greenwood carries a location quotient of 0.92x: rehabilitation and therapy clinic loans claim a smaller share there than nationally. Here the ratio falls under one, which puts the class behind its national weight in this area.

A typical loan runs to $100,000, 0.67x the national median over the rehabilitation and therapy clinic class, and most usual loans sit between $50,000 and $276,500. Requests here are small, and their purpose is not recorded. The franchise share is not printed. This cell does not print the way the Indianapolis-Carmel-Greenwood loans are divided across 7(a) and 504 in Indianapolis-Carmel-Greenwood. In Indianapolis-Carmel-Greenwood, the counts cover SBA loans for rehabilitation and therapy clinic and omit every other source of funds, which a rehabilitation and therapy clinic study in Indianapolis-Carmel-Greenwood should bear in mind.

Holder and year

The Huntington National Bank: 8 of the 7(a) loans, $745,600. Read these as snapshots of holdings, not a profile of the lenders. The just year shown is FY2024, with 6 loans and $345,500. Loan Analytics does not print Indianapolis-Carmel-Greenwood's both cancellation and charge-off rates since the Indianapolis-Carmel-Greenwood FY2017 to FY2021 set of loans counts beneath 30 loans, below our own line for Indianapolis-Carmel-Greenwood. A missing rate in Indianapolis-Carmel-Greenwood is never a zero.

A lender reads this as follows: small loans and a thin printed record mean the Indianapolis-Carmel-Greenwood cell offers moderate precedent for a larger proposal. Applicants should take from this that these figures work best as a floor on realism: a therapy clinic that needs far more than the upper edge of the middle band should expect questions about why. County rows show the record is concentrated in Hamilton County, so a site elsewhere has fewer local comparisons.

Indianapolis-Carmel-Greenwood: questions a study must answer

For an Indianapolis area therapy clinic, identify the referral sources and the patient visits one treatment room can host, then the months before a new clinic fills its diary. Cover for the payment should be shown on a loan near $100,000 alongside a sluggish case, and an appraiser should price the clinic on its earnings. The federal county grouping defines Indianapolis-Carmel-Greenwood, and loans from counties Indianapolis-Carmel-Greenwood does not place are absent from the totals.

SBA rehabilitation and therapy clinic loans in the Indianapolis-Carmel-Greenwood, IN Metro Area

Loans approved, FY2017 to FY202631
Gross dollars approved$10.0 million
Median loan$100,000
Middle half of loans, from$50,000
Middle half of loans, to$276,500
SBA 7(a) loanswithheld
SBA 504 loanswithheld
Franchise share of loanswithheld
Rank among metro and micro areas for rehabilitation and therapy clinic loans24 of 406
Rank of rehabilitation and therapy clinic among the classes in this area13 of 39
Location quotient (share of loans against the national share)0.92x
Median loan against the national median for the class0.67x

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 rehabilitation and therapy clinic loans approved in the Indianapolis-Carmel-Greenwood, IN Metro Area, by fiscal year

0246FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2024: 6
Fiscal yearLoansDollars
FY2017withheldwithheld
FY2018withheldwithheld
FY2019withheldwithheld
FY2020withheldwithheld
FY2021withheldwithheld
FY2022withheldwithheld
FY2023withheldwithheld
FY20246$345,500
FY2025withheldwithheld
FY2026withheldwithheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
LenderLoansDollars
The Huntington National Bank8$745,600

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
Hamilton County, IN11
Marion County, IN7
Johnson County, IN5

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-26900-C22.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a rehabilitation and therapy clinic project in the Indianapolis-Carmel-Greenwood, IN 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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