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

Pennsylvania therapy clinics: very small tickets

Rehabilitation and therapy clinics in Pennsylvania take about half of what the class borrows nationally, and the loans are tiny. SBA's 7(a) file counts 73 loans for FY2017 to FY2026, worth $15.1 million in gross dollars. At $77,000 the median stands at 0.55x what clinics borrow around the country, with the central half of loans from $25,000 to $230,000, so many deals are startups in leased space or small purchases of existing practices. Franchise brands appear on 16.4% of loans. Pennsylvania is 12th nationally by count, and the class holds 18 of 39 inside the state.

Holders, counties and a year with none

The Huntington National Bank holds 15 loans, and Manufacturers and Traders Trust Company and TD Bank, National Association hold 8 each, and each is the holder SBA shows today. Allegheny County, around Pittsburgh, has 15 loans, Montgomery 10, and Bucks and Philadelphia 7 each. Year by year, approvals reached 8 in FY2017, were absent in FY2020 with 0 loans, and recovered to 14 in FY2023 and 20 worth $5.8 million in FY2025. FY2021 shows a single loan of $350,000.

The charge-off rate is withheld

Pennsylvania therapy clinics lost at least 6.7% of FY2017 to FY2024 approvals to cancellation, and the ceiling is identical. No Pennsylvania charge-off rate appears: the seasoned group is too small for a dependable figure, so no number is printed here and nothing should be inferred from its absence: a missing rate means thin evidence, not a clean record.

Pennsylvania therapy plan: the evidence needed

A therapy clinic lives on referrals, so the study should map the physician practices, hospitals and employers in the catchment that can send patients, and show the payer contracts the clinic can realistically hold. Visits per therapist per day, the average payment per visit and the share of cancelled appointments together set revenue, and the study should show each. Licensed therapists are scarce in many places; their pay and the time to hire them belong in the model. With a median near $77,000 the loan is likely for fit-out and equipment in leased space, which means a short or uncertain lease can end the business. Coverage of the payment has to hold when the first months run well below planned visit volume, and a franchise, where one is used, adds fees that must be netted out.