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

Louisiana therapy clinics: the heaviest ticket ratio in the group

Rehabilitation and therapy clinics in Louisiana borrow far more than their national peers under 7(a): the median of $241,500 is 1.73x the nationwide figure, and the heart of the distribution lies at $136,350 to $433,250. The record holds 35 approvals and $15.7 million. Franchising is 8.6%. Louisiana ranks 27 among states by count, while the class stands at 13 of 39 inside Louisiana. No second metric clears our margin, so the ratio is the headline within a cell otherwise typical of small clinics.

Parishes, called counties in the table

Calcasieu has 6 loans, Jefferson and Saint Tammany 5 each, East Baton Rouge 4, Ascension and Lafayette 3, Bossier 2. No holder ranking appears on this page. Approvals were 5 loans and $1.1 million in each of FY2017 and FY2018, a single loan of $241,500 in FY2020, and rose to 5 loans in each of the last two years, FY2025 at $3.6 million and FY2026 at $5.2 million, the strongest dollar total in the series.

Cancellation and charge-off rates are both missing for the cell, since the loans behind them are too few. We print no number, and a gap is not a zero. A lender wanting outcome evidence should read the Louisiana therapy class across both programs. It should not expect these gaps to be filled by inference.

A Louisiana clinic study

Because tickets run well above the national level, a lender will ask what the money buys. A feasibility study should say whether it funds an acquisition of an established clinic, a relocation with a new lease and buildout, or equipment. Referral sources among orthopaedic and primary care physicians should be named, and payer credentialing should be shown as complete or scheduled, since a clinic cannot bill until credentialed. Therapist count and visits per therapist set capacity; payer mix and the limits payers place on visits set revenue per visit. In a state exposed to storms, the study should price insurance and the cost of a closure, and a lender will want to see how the clinic would recover. Show coverage at partial and full caseload with a stated ramp. Valuation will rest on the business and the lease, and the study should tie lease length to the payback of the improvements.