SBA 7(a) Physical Therapy Clinic Feasibility Study in North Carolina

Bigger than the national loan, in a mid-ranked class

North Carolina's rehabilitation and therapy clinics borrow at 1.79x of the nationwide 7(a) median for the class. That ratio, with a median loan of $250,000, defines the cell. The 66 approvals between FY2017 and FY2026 total $27.0 million, and half of the loans fall from $86,400 to $547,400. The state ranks 14 among states, though therapy clinics place only 15 of 39 at home. Franchise flags mark 6.1% of loans, so most clinics are independent practices.

Holders and counties

Wells Fargo Bank National Association holds 9 loans worth $3.0 million and Pinnacle Bank holds 5 worth $2.7 million. Those are the only two holders large enough to list, which tells us the book is widely spread among many small positions. SBA's holder file is the source and conveys no judgment on any bank. Mecklenburg County has 11 loans, Wake 10 and Durham 6, with Brunswick and Gaston at 4 each, and Catawba, Iredell, New Hanover and Onslow at 3 each.

Cancellations, and a rate held back

A floor of 15.7% of earlier approvals fell away before closing, and the stricter count gives the same figure, so a considerable share of approved loans never funded. Charge-offs are unmeasured here: the early funded group is too small for a percentage, so the page prints none, and the gap is neither a clean record nor a zero.

What a therapy clinic study has to test

A therapy practice earns by visits, so the study should convert treatment rooms and therapist hours into visits per week, then to revenue using the reimbursement rates of the payers the clinic will bill. Referral sources matter most: which doctors, surgeons and employers send patients, and whether one of them supplies a large share. Licensed therapists are the key staff and the study should address recruiting and retention, along with what happens if a founder leaves. Payer mix, authorisation rules and the time collections take drive working capital, which the loan should fund. Since loans run above the national norm, each line of the fit-out and equipment budget needs a reason. The loan payment must stay covered while the schedule fills from opening day, and a slower filling pattern belongs beside the base case.