Physical Therapy Clinic Feasibility Study in the Los Angeles-Long Beach-Anaheim, CA Metro Area

The second-largest area for physical therapy lending

Only one area in the country has more SBA physical therapy loans than Los Angeles: the area ranks 2 of 406 for the class. Locally, though, physical therapy sits low, 17 of 39, and the location quotient of 0.66x is under the national share, because the area's lending spans so many other classes. The record shows 120 loans in FY2017 to FY2026, $56.9 million gross, with Los Angeles County at 74 and Orange County at 46.

Loans are modest in absolute terms but large against the class. The median of $222,500 is 1.48x the national median; the quartile edges stand at $100,000 and $601,000. Program mix: 99 loans are 7(a) and 21 are 504, far fewer than the 7(a) loans. Loan Analytics holds back the franchise share; no figure appears.

Who holds the clinic loans

Among banks, JPMorgan Chase Bank, National Association holds 12 loans with $1.4 million in all, and Newtek Bank, National Association also holds 12, worth $3.3 million. Lendistry SBLC, LLC holds 9 ($2.6 million), Wells Fargo Bank National Association 8 ($2.6 million) and U.S. Bank, National Association 7 ($5.2 million). The 504 holders are California Statewide Certified Development Corporation (5 loans, $3.5 million) and, with the same count, The Mortgage Capital Development Corporation ($3.2 million). None of this tells a borrower what a lender will do with a new request: it is a list of holdings, current or past.

What is not published

Cancellation after approval has a floor of 13.0%; Loan Analytics withholds its upper bound. The Los Angeles charge-off rate is withheld too, and several early-year trend values are withheld, which is why no annual series appears on this page. None of the withheld values is zero, and we do not guess them.

A national rank of 2 beside a quotient of 0.66x looks contradictory until the size of the area is remembered: a large metro can lead the country in loan count for a class while that class remains a small part of its own lending. The practical lesson for a clinic owner is that the record offers many comparable loans, 120 of them, though physical therapy sits low in the local mix at 17 of 39.

A physical therapy study should test referral sources, along with therapist supply, the payer mix, reimbursement, lease terms and build-out cost, and Los Angeles coverage at a loan near $222,500. Therapy clinics in Los Angeles County and Orange County reach the 120 when the delineation of July 2023 contains the project county by name; a clinic loan with an unmatched county is excluded from every metro, so the total is a floor.