Physical Therapy Clinic Feasibility Study in the Tampa-St. Petersburg-Clearwater, FL Metro Area

What SBA's own loan files show about rehabilitation and therapy clinic lending in the Tampa-St. Petersburg-Clearwater, FL Metro Area, and what a feasibility study for a project there has to test.

Therapy clinic in Tampa: the loan record

Tampa gets 33 loans approved for therapy clinic, $10.6 million gross, from FY2017 to FY2026. Tampa, for therapy clinic, ranks 22 of 406 in the area ranking. Within Tampa, therapy clinic ranks 14 of 39. Tampa has a quotient of 0.84x, therapy clinic below the national share.

Tampa loan sizes and mix

The median Tampa loan is $211,000; $103,100 to $466,000 holds the middle half. Tampa loans sit at 1.41x of the national class median. In Tampa, borrowers draw bigger loans than nationally. Tampa has 24 loans under 7(a). Tampa has 9 under 504. Tampa finances fixed assets through 504. In Tampa, 7(a) is the broader program. Tampa's split shows its financing mix. Tampa prints no franchise share. Too few Tampa loans support one. Tampa loans run bigger. In Tampa, a study must prove the payment.

Tampa holders and counties

The Tampa holder tables list no lender. Therapy clinic loans in Tampa sit with small holders, none listed. Tampa borrowers open with the study itself. In Tampa, by county, the loans are 17 in Hillsborough County, FL, 10 in Pinellas County, FL and 6 in Pasco County, FL.

Tampa years, floors and coding limits

Tampa prints only these fiscal years. Tampa shows 0 loans, $0, in FY2017. Tampa shows 0 loans, $0, in FY2018. Tampa shows 6 loans, $2.6 million, in FY2021. Tampa shows 6 loans, $1.7 million, in FY2022. Tampa shows 6 loans, $1.7 million, in FY2024. Other Tampa years are withheld. Thin counts leave Tampa totals unknown. In Tampa, no blank is a zero, and Tampa treats FY2026 as complete. Floors in Tampa follow Loan Analytics' own rule. The Tampa cohort holds fewer than 30 loans. Tampa disbursements cover FY2017 to FY2021. No Tampa cancellation floor prints. No Tampa charge-off floor prints either. Tampa blanks are no zero. Tampa blanks are no clean book. Each Tampa rate is a floor. Tampa borders come from the July 2023 list. Tampa places each loan by project county. Tampa drops loans with unplaceable counties.

Tampa: testing a therapy clinic project

Tampa treats $103,100 to $466,000 as the range to explain in Tampa. We would test the Tampa build-out for treatment rooms, gym space and accessibility, then price the equipment from quotes. Licensing and staffing in Tampa are real constraints: the study tests whether the owner can hire the therapists the schedule assumes. The appraisal for a Tampa clinic purchase separates the book of patients from fixtures and leasehold improvements. Daniel Smith, MAI, signs every Tampa therapy clinic study. For Tampa, demand and cost are tested. In Tampa, coverage and value are tested. Tampa borrowers are promised no approval here.

SBA rehabilitation and therapy clinic loans in the Tampa-St. Petersburg-Clearwater, FL Metro Area

Loans approved, FY2017 to FY202633
Gross dollars approved$10.6 million
Median loan$211,000
Middle half of loans, from$103,100
Middle half of loans, to$466,000
SBA 7(a) loans24
SBA 504 loans9
Franchise share of loanswithheld
Rank among metro and micro areas for rehabilitation and therapy clinic loans22 of 406
Rank of rehabilitation and therapy clinic among the classes in this area14 of 39
Location quotient (share of loans against the national share)0.84x
Median loan against the national median for the class1.41x

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 Tampa-St. Petersburg-Clearwater, FL Metro Area, by fiscal year

0246FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2017: 0Loans, FY2018: 0Loans, FY2021: 6Loans, FY2022: 6Loans, FY2024: 6
Fiscal yearLoansDollars
FY20170$0
FY20180$0
FY2019withheldwithheld
FY2020withheldwithheld
FY20216$2.6 million
FY20226$1.7 million
FY2023withheldwithheld
FY20246$1.7 million
FY2025withheldwithheld
FY2026withheldwithheld

Where the loans are, by county

CountyLoans
Hillsborough County, FL17
Pinellas County, FL10
Pasco County, FL6

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-45300-C22.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a rehabilitation and therapy clinic project in the Tampa-St. Petersburg-Clearwater, FL 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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