Physical Therapy Clinic Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area

What New York adds beyond its state

New York produced 312 SBA approvals to therapy clinics from FY2017 to FY2026, together worth $114.1 million in gross dollars. A ratio of 1.35x on the location quotient leaves rehab clinics at a larger weight in New York than the country as a whole. Within the country New York stands 1 of 406 across metro and micro areas for these approvals, by SBA's count, and in the area these clinics rank 12 of 39 lending classes. Loans in the middle half were $50,000 up to $352,500. At $150,000, the New York median sits level with the national class median, a ratio of 1.00x.

Programs, franchises and lenders in New York

Franchise-affiliated borrowers make up 3.5% of therapy clinic loans in New York. Among 504 lending, Empire State Certified Development Corporation (15 loans). Therapy clinic applicants in New York used 7(a) 292 times and 504 20 times, a difference that matters when picking a program. On the 7(a) side, TD Bank, National Association leads at 64; behind it come JPMorgan Chase Bank, National Association (51 approvals) plus Manufacturers and Traders Trust Company (24). Because SBA lists every loan to its present holder, the names for New York print where the loans are held; they do not describe any lender's choices.

The county and annual pattern around New York

Queens County, NY holds the most approvals at 40; Nassau County, NY follows with 37, and Suffolk County, NY has 33. The yearly file peaks in FY2024 at 48 approvals and $12.0 million, and bottoms out in FY2020 at 12 loans and $4.2 million.

Floors and limits behind the New York figures

Cancellation after approval reached 10.2% for New York rehabilitation and therapy clinics approvals of FY2017 to FY2024; it is a floor, and the ceiling is withheld. The loss rate for rehabilitation and therapy clinics in New York is blank, as fewer than 30 loans were funded in that cohort. New York here is a set of counties matched by name to the 2023 statistical areas, so therapy clinic approvals whose county cannot be placed drop out of New York and every other area.

Feasibility questions for rehabilitation and therapy clinics around New York

Before anything else, New York demand has to be tested: referral concentration, and payer mix and visit rates. The approval history of 312 loans reflects what institutions have done for rehabilitation and therapy clinics, and says little about a specific corner. On value, a New York lender will weigh a small start-up period and earnings if payers cut rates. Then, New York rehabilitation and therapy clinics require a coverage ratio that stays sufficient through a late opening, because the cancellation floor shows that not each approved loan runs as planned. The project budget should itemize clinic space buildout and billing and records systems, and then be compared with what New York lenders approved: $150,000 at the median.