Veterinary Clinic Feasibility Study in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area

A four-state veterinary record with a Live Oak core

Across Pennsylvania, New Jersey, Delaware and Maryland, the Philadelphia-Camden-Wilmington metro recorded 54 veterinary loans worth $86.8 million between FY2017 and FY2026. The metro itself ranks 9 of 485 for the class, yet clinics rank only 16 of 39 locally and the location quotient is 0.82x, so vets are a smaller share here than nationally. The median loan is $973,500, 1.57x the national median for the class.

Holders and counties across four states

Loans in the middle half span $267,500 to $2.3 million. The program split is withheld, and franchises are absent from the record (0.00%). Live Oak Banking Company is logged against 18 7(a) loans worth $42.0 million, a large book for a single holder, followed by TD Bank, National Association with 8 worth $6.7 million and Firstrust Savings Bank with 5 worth $3.1 million. SBA keeps these holder entries; they say nothing of the lender. Montgomery County, PA has 12 loans, Bucks County, PA and Delaware County, PA 10 each, and Philadelphia County, PA 8.

Counts: 7 loans in FY2017 ($10.3 million), 6 in FY2018 ($9.5 million), 6 in FY2021 ($8.3 million), 5 in FY2022 ($7.7 million), 8 in FY2024 ($15.4 million), 5 in FY2025 ($15.1 million) and 8 in FY2026 ($8.7 million). FY2019, FY2020 and FY2023 are withheld. Cancellations after approval took a floor of 12.2% across the FY2017 to FY2024 cohort, with 12.2% again on the stricter count. No charge-off rate is printed. A loan joins this metro through its project county on the 2023 list, across four states.

What a clinic plan here has to prove

A plan for a Philadelphia-area animal hospital has to show a catchment large enough to sustain the clinic without leaning on national pet-ownership averages, a view of competing general and emergency practices, and the provider and staff plan. The budget for the building, equipment and imaging has to be set against a median near $973,500, and show cash flow covering debt service during a new clinic's first year. Should the loan buy an existing practice, client retention through the transition needs an explicit assumption. Property and goodwill rest on different evidence at appraisal, and the study should keep them apart. Nothing printed here is a promise, and a lender weighing a request will want the study to answer the questions above with documents instead of regional averages.