Physical Therapy Clinic Feasibility Study in Oregon

Smaller and thinner than the national clinic market

Oregon therapy clinics are a lighter class than the national mix, with a location quotient of 0.70x. The median loan is $111,850, or 0.75x the national figure, with most loans from $81,250 to $372,500. The record from FY2017 to FY2026 holds 38 loans totalling $14.9 million. Oregon ranks 26 of 54 among states and clinics rank 18 of 39 inside Oregon. In short, a typical Oregon clinic borrower is a small independent practice, and the state's SBA activity is not centered on this class.

Banner Bank and the I-5 corridor

The product split is 36 loans under SBA 7(a) and only 2 under SBA 504, and franchising is 5.3% of loans. Banner Bank is the sole lender that reaches the threshold, with 11 loans worth $1.2 million, so its notes are small. Multnomah County has 12 loans and Lane County 8, with Clackamas at 4, Deschutes and Jackson at 3 and Hood River at 2. Portland, Eugene and the Rogue Valley are the main places where lenders approved clinics, and the central and coastal regions have only isolated examples.

Rates we cannot print

Oregon's clinic cell lacks both outcome rates: cancellation and charge-off each rest on under 30 loans. We therefore publish no numbers, and no reader should assume either is nil. For a lender, the useful step is to ask the borrower for the clinic's own referral history and for evidence that a therapist committed to the practice will start on time.

What an Oregon clinic study must examine

Oregon's mix of private insurers, coordinated care organisations and workers compensation payers affects reimbursement, so the study should model revenue by payer. It must test the number of physicians and employers who can supply patients, the competition from hospital-affiliated clinics, and the rent or build-out cost relative to a realistic count of visits per day. Coverage of debt service should be checked with a slow start, when staff are paid before the schedule fills. Appraisal value is mostly leasehold improvements and equipment. The figures here set out the state's lending pattern for this class.