Veterinary Clinic Feasibility Study in the Dallas-Fort Worth-Arlington, TX Metro Area

Fifth in the nation, but low in the metro

Dallas-Fort Worth-Arlington is 5 of 485 metro and micro areas for veterinary clinic loans, yet within the area clinics rank 15 of 39 by class. The location quotient of 0.81x is below parity. From FY2017 to FY2026, 69 loans were approved for $106.4 million.

The largest tickets of this group

The median loan is $980,000, which is 1.58x what clinics nationally borrow at the midpoint; the central half of loans begins at $350,000 and reaches $2.4 million. The program split is 64 loans in 7(a) and 5 in the 504 program, so the record is almost entirely 7(a).

Live Oak and the county split

Live Oak Banking Company appears on 19 loans carrying $47.9 million, a sizeable portion of the cell's dollars, under SBA's current-holder field. By county, Collin County has 27 loans, Denton County 16 and Tarrant County 16. The metro is built from the July 2023 delineation of the project county.

Where the figures stop

Loan Analytics withholds the franchise share, the cancellation rate, the charge-off rate and several single years because the counts are thin. The gap is not a zero. Years shown are FY2017 with 12 loans and $16.0 million, FY2018 with 9 and $13.4 million, FY2020 with 7 and $5.4 million, FY2021 with 6 and $5.9 million, FY2022 with 6 and $17.9 million, and FY2024 with 5 and $9.3 million.

Underwriting a Dallas-Fort Worth clinic

Against a midpoint of $980,000, the work begins by testing whether the project is an acquisition, a conversion or a ground-up hospital, because each has a different cost and risk. It should test the trade area against the competing practices, the cost of surgical, imaging and kennel space, and the ramp of a new doctor's caseload. Run coverage near $350,000, near $980,000 and near $2.4 million, since the middle half spans that range, and on a first year that starts slowly. The record holds 69 loans for $106.4 million, so a $980,000 request would be an ordinary line in this cell. The appraisal must say how much value rests on the goodwill of the practice and how much on the real estate.