SBA 7(a) Physical Therapy Clinic Feasibility Study in Florida

Rehabilitation and therapy clinics sit 12 of 39 among Florida asset classes, yet on 7(a) volume for the class the state ranks 4. FY2017 to FY2026 produced 242 approvals worth $66.7 million. The $150,000 median is 1.07x the 7(a) therapy-clinic median nationwide, and the middle half stretches from $75,600 to $300,000. Franchise flags mark 11.6% of loans, so independent practices still lead. What the 7(a) program view adds is momentum: annual approvals rose from 13 in FY2017 to 42 in FY2024, and dollars grew from $2.9 million to $16.8 million by FY2026.

TD Bank and the county map

TD Bank, National Association holds 47 loans, but only $4.8 million, so its notes are small. The Huntington National Bank has 16 loans at $2.8 million, JPMorgan Chase Bank, National Association 13 at $4.2 million, Seacoast National Bank 10 at $3.7 million, with 10 more loans (just $1.7 million) at Wells Fargo Bank National Association. SBA's data list what each institution holds or held, and no verdict on lending is implied. MIAMI-DADE County has 58 loans, ORANGE 27, BROWARD 23, PALM BEACH 20, SARASOTA 14 and LEE 13, so lending follows the state's large metro areas and retiree coasts.

The loss floor to notice

Only 68 loans from the FY2017 to FY2021 cohort have been disbursed and reached the test, but 11.8% of them at the least are charged off already, and 5.9% were within five years of approval. That is among the higher figures in this group. Meanwhile 11.6% or more of FY2017 to FY2024 Florida approvals were cancelled, and 12.8% on the wider count. All of these are floors, and a small cohort means a few loans can move a percentage a long way.

What a therapy clinic study should test

Revenue in a therapy clinic depends on referrals, payer contracts and visit counts, so a study should start there: the physicians and surgeons who send patients, the insurers in the market and their reimbursement, and the visits per day the space and staff can deliver. Licensed therapists are the capacity limit, and recruiting them in a growing market can be slow and costly, so the plan needs a staffing timeline. Build-out is modest, but equipment and a lease still need to be carried; with the first-cohort losses high, the model must show the payment covered at a slow ramp. An appraiser will treat the practice and the lease separately. Program terms can be checked with SBA.