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 FY2026 | 31 |
|---|---|
| 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) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | withheld |
| Rank among metro and micro areas for rehabilitation and therapy clinic loans | 24 of 406 |
| Rank of rehabilitation and therapy clinic among the classes in this area | 13 of 39 |
| Location quotient (share of loans against the national share) | 0.92x |
| Median loan against the national median for the class | 0.67x |
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
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | withheld | withheld |
| FY2018 | withheld | withheld |
| FY2019 | withheld | withheld |
| FY2020 | withheld | withheld |
| FY2021 | withheld | withheld |
| FY2022 | withheld | withheld |
| FY2023 | withheld | withheld |
| FY2024 | 6 | $345,500 |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| The Huntington National Bank | 8 | $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
| County | Loans |
|---|---|
| Hamilton County, IN | 11 |
| Marion County, IN | 7 |
| Johnson County, IN | 5 |
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.
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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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