Physical Therapy Clinic Feasibility Study in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area

Tiny loans across four states

The Philadelphia-Camden-Wilmington metro area crosses Pennsylvania, New Jersey, Delaware and Maryland, and its therapy clinic record is defined by small loans. SBA lists 52 rehabilitation and therapy clinic loans from FY2017 to FY2026 totaling only $7.0 million. A $50,000 median is a mere 0.33x of the national figure, with $22,700 and $179,250 marking the quartile edges. A clinic that needs several hundred thousand dollars would be far outside this metro's usual range.

Standing in the rankings

The metro is 14 of 406 on clinic volume, yet locally the class is only 17 of 39, and a location quotient of 0.76x leaves clinics under their national weight. Franchise share is 9.6%. The 7(a) and 504 tallies are not printed for this cell.

One dominant holder, six counties

TD Bank, National Association is named 7(a) holder on 18 of the 52 loans, yet the dollars come to just $608,600, so those loans are tiny. The Huntington National Bank has 6 ($959,000) and Manufacturers and Traders Trust Company has 6 ($457,000). All three are SBA-recorded holdings, not statements about how any bank lends. Montgomery County, PA leads with 10 loans, followed by Philadelphia County, PA with 8, Bucks County, PA with 7, New Castle County, DE and Gloucester County, NJ with 6 each, and Camden County, NJ with 5. Among years, FY2018 printed 6 loans and $400,600, FY2021 printed 0 loans and $0, FY2022 printed 5 and $505,000, and FY2023 printed 9 and $1.6 million. Nine other years are withheld.

Limits of this record

From 52 loans, Philadelphia clinics have no cancellation rate and no loss rate printed, and a missing figure is no zero rate. A loan joins this metro through project counties from four states, each read by name against the July 2023 list.

What a clinic study in Philadelphia has to test

Because loans are so small, a study should ask whether the plan is a lean single-suite practice or something bigger that would need other financing. Referral relationships, payer contracts and therapist productivity decide revenue, and the four-state layout means licensing, reimbursement and wages differ by location. Run coverage at $50,000 and at $179,250, and ask an appraiser to separate equipment, improvements and practice value.