Veterinary Clinic Feasibility Study in the Chicago-Naperville-Elgin, IL-IN Metro Area
What SBA's own loan files show about veterinary clinic lending in the Chicago-Naperville-Elgin, IL-IN Metro Area, and what a feasibility study for a project there has to test.
How Chicago-Naperville-Elgin ranks for veterinary clinic
Behind 58 SBA approvals worth $67.1 million between FY2017 and FY2026, Chicago-Naperville-Elgin, IL-IN stands 8 of 485 among metro and micro areas. Chicago-Naperville-Elgin's veterinary clinic share of loans is 0.54x the share seen nationally: Chicago-Naperville-Elgin tilts away from the class. Inside Chicago-Naperville-Elgin, the class ranks 18 of 39, a middling line. The Chicago-Naperville-Elgin area crosses IL and IN, one count, several states.
In Chicago-Naperville-Elgin, the median loan is $730,500, with the middle half running from $282,000 to $1.5 million. The local median is 1.18x the median nationally for the class, so Chicago-Naperville-Elgin tickets run bigger. By program, Chicago-Naperville-Elgin shows 45 SBA 7(a) loans against 13 SBA 504 loans, a lender focus. For Chicago-Naperville-Elgin, 504 means property and heavy equipment. Franchising among loans in Chicago-Naperville-Elgin is 0.00%, a read on branding. Chicago-Naperville-Elgin borrowers can read that as context.
Veterinary clinic lenders in Chicago-Naperville-Elgin
Among 7(a) loans in Chicago-Naperville-Elgin, the holders on record, by loans, are Live Oak Banking Company: 9 loans, $20.4 million; and The Huntington National Bank: 8 loans, $9.9 million. For SBA 504 in Chicago-Naperville-Elgin, Small Business Growth Corporation: 6 loans, $3.8 million. Every Chicago-Naperville-Elgin row is an SBA record. These Chicago-Naperville-Elgin loans sit with the lenders named. Chicago-Naperville-Elgin figures show files, not conduct. Chicago-Naperville-Elgin rows state no lender requirement. Chicago-Naperville-Elgin place by place: Cook County, IL leads with 21 loans; next come DuPage County, IL at 10, Lake County, IL at 9 and Lake County, IN at 6.
Year by year, Chicago-Naperville-Elgin shows FY2017 (6 loans, $5.3 million), FY2018 (10 loans, $4.7 million), FY2019 (6 loans, $7.1 million), FY2021 (6 loans, $5.9 million), FY2022 (9 loans, $12.8 million) and FY2023 (5 loans, $10.8 million). FY2020 and FY2024 through FY2026 are withheld for Chicago-Naperville-Elgin because few loans back them, so Chicago-Naperville-Elgin's blanks are not quiet years. Among all FY2017 to FY2024 approvals in Chicago-Naperville-Elgin saw cancellation after approval of at least 20.4%; treat it as a floor. The ceiling, with undisbursed loans counted, is 20.4%. Chicago-Naperville-Elgin has no published charge-off floor. In Chicago-Naperville-Elgin, a thin cohort means unpublished. All Chicago-Naperville-Elgin totals use the 2023 federal list, so each Chicago-Naperville-Elgin loan is placed by county, and Chicago-Naperville-Elgin excludes any county it cannot match.
What a Chicago-Naperville-Elgin veterinary clinic study must prove
From this veterinary clinic record in Chicago-Naperville-Elgin, IL-IN, a study moves to a single parcel. The Chicago-Naperville-Elgin file should document emergency services nearby and their pull. For Chicago-Naperville-Elgin, we would first examine the equipment list and its useful lives. Chicago-Naperville-Elgin lenders need the study to show goodwill, where an existing practice is bought. Chicago-Naperville-Elgin analysis should establish what happens if one doctor leaves. In Chicago-Naperville-Elgin, we start by examining revenue per doctor at a modest caseload. Chicago-Naperville-Elgin work runs demand, cost, coverage, value. No Chicago-Naperville-Elgin approval is promised here.
SBA veterinary clinic loans in the Chicago-Naperville-Elgin, IL-IN Metro Area
| Loans approved, FY2017 to FY2026 | 58 |
|---|---|
| Gross dollars approved | $67.1 million |
| Median loan | $730,500 |
| Middle half of loans, from | $282,000 |
| Middle half of loans, to | $1.5 million |
| SBA 7(a) loans | 45 |
| SBA 504 loans | 13 |
| Franchise share of loans | 0.00% |
| Rank among metro and micro areas for veterinary clinic loans | 8 of 485 |
| Rank of veterinary clinic among the classes in this area | 18 of 39 |
| Location quotient (share of loans against the national share) | 0.54x |
| Median loan against the national median for the class | 1.18x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 20.4% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 20.4% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA veterinary clinic loans approved in the Chicago-Naperville-Elgin, IL-IN Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 6 | $5.3 million |
| FY2018 | 10 | $4.7 million |
| FY2019 | 6 | $7.1 million |
| FY2020 | withheld | withheld |
| FY2021 | 6 | $5.9 million |
| FY2022 | 9 | $12.8 million |
| FY2023 | 5 | $10.8 million |
| FY2024 | withheld | withheld |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Small Business Growth Corporation | 6 | $3.8 million |
| Lender | Loans | Dollars |
|---|---|---|
| Live Oak Banking Company | 9 | $20.4 million |
| The Huntington National Bank | 8 | $9.9 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Cook County, IL | 21 |
| DuPage County, IL | 10 |
| Lake County, IL | 9 |
| Lake County, IN | 6 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-16980-C21.
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