Veterinary Clinic Feasibility Study in Maryland

Loan size and the class in Maryland

Maryland veterinary clinics borrow more than the national class by a wide margin. The median loan of $1.1 million is 1.71x the national median, with the loans in the middle ranging from $150,000 to $2.0 million. Yet the class is a thin one in the state: the 0.67x location quotient places clinics below their national weight, the class holds slot 19 of 39 in Maryland, and nationally the state stands at 28 of 53. The file holds 36 approvals totaling $43.6 million over FY2017 to FY2026. No figure for Maryland clinics is called distinctive here, so the median is read as an ordinary description of loan size.

Lenders and counties

Almost all the lending is 7(a), with 33 loans against 3 under 504, and franchising is absent. Live Oak Banking Company holds 12 loans totaling $19.0 million, and Manufacturers and Traders Trust Company shows 9 loans and $4.0 million, a far smaller average per loan. Montgomery County leads with 9 loans, Anne Arundel County has 6, Harford County 4, and Baltimore, Prince Georges and Washington counties 3 each. Annual counts swung from 9 in FY2017 to 1 in FY2020 and FY2023, and FY2025 added 6 loans totaling $8.7 million.

Cancellation takes 13.3% of approvals at the least, and 16.7% should every loan still awaiting a draw fall through. Maryland clinics have no charge-off rate on this page: Loan Analytics' own presentation rule hides any rate resting on fewer than 30 funded loans, and the early cohort is under that count. A missing rate is no assurance.

What a Maryland clinic study should test

The first test is whether the property market allows the project. Land, lease rates and construction costs in Montgomery and Anne Arundel counties should be checked, and the study should show the all-in cost per clinic and whether a purchase of an existing practice is cheaper than building. Demand analysis should count pet households, competing clinics and emergency hospitals, and the study should show the staffing plan for veterinarians and technicians. Coverage of the loan payment must hold with a slower ramp and with the departure of a lead doctor, particularly at a loan near the $1.1 million median. A clinic purchase will be appraised largely on goodwill and clients who stay, so revenue by service line belongs in the study.