SBA 7(a) Urgent Care Feasibility Study in Florida

Scale, size and standing of Florida urgent care loans under SBA 7(a)

$40.2 million in gross dollars, spread over 32 loans in the 7(a) program for urgent care projects in Florida, is what SBA backed in Florida from FY2017 to FY2026. Florida's urgent care volume under SBA 7(a) stands 2 across the states by loan count, and urgent care is 28 of 39 among Florida's asset classes. Typical size: $687,000. Relative to SBA 7(a) urgent care lending in the rest of the nation, Florida runs at 1.00x on the median, a similar ticket size. Between $199,125 and $1.4 million sits half of the approvals in Florida. 21.9% of these Florida loans went to franchised businesses. At $687,000, the Florida median is the typical loan; for Florida, use the named lenders and local spread instead.

For Florida urgent care: lender names, counties and the yearly pattern

Florida's urgent care loans sort by county as follows: Broward with 5, Palm Beach with 5, Manatee with 4 and Hillsborough with 3. Year by year in Florida, approvals peaked at 5 loans, worth $2.5 million, in FY2018, with FY2026 at 2 loans and $2.5 million; the series began in FY2017 at 4.

Florida urgent care: how to read the outcome floors

Loan Analytics holds back the Florida urgent care cancellation rate, since too few of the 32 loans fall in its FY2017 to FY2024 cohort; read the Florida gap as withheld, not as zero urgent care cancellations. Florida's urgent care charge-off figure is also held back, because only a thin share of the 32 loans were disbursed between FY2017 and FY2021; treat that blank as missing data and never as a zero. Lenders should take these Florida rates, drawn from 32 loans, as floors, not as settled results. Bear this in mind while reading Florida's 32 loans: any Florida walk-in clinic is filed with outpatient surgery facilities plus stand-alone ER centers in one code.

Testing a Florida urgent care loan request

Under 7(a), the Florida participating lender weighs each Florida urgent care request (this one among 32), whose partly backed urgent care loan rests on Florida cash flow and collateral the Florida study has to document. Patient demand at a Florida urgent care depends on access, insurance coverage, hospital room crowding and competing urgent care sites. Exam space, imaging suite, lab space and visibility set urgent care costs in Florida. Debt service coverage for Florida urgent care must be shown at the $687,000 median and again at $1.4 million, which caps the Florida middle half, alongside a slower urgent care case beside each. Appraisal for urgent care property in Florida turns on the rent a usual clinic would pay.

Take the Florida urgent care history above, 32 loans, as background: an urgent care study from Loan Analytics for Florida, signed by Daniel Smith, MAI, for urgent care, does the site-specific Florida testing, and nothing here promises Florida approval of an urgent care loan.