Offices of Physical, Occupational and Speech Therapists, and Audiologists: SBA business acquisition loan data
147 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS 621340), totaling $105M. Median loan $400,000, 38% lower than the all-acquisition median.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $907,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.3% of all SBA-financed business purchases, ranking #64 of 300 industries tracked.
- Geography. California leads with 18 loans; the top five states account for 44% of the industry's acquisitions.
- Jobs. Lenders reported 2,298 jobs supported across these loans, about 15.6 per acquisition, a rough proxy for the size of business changing hands.
Offices of Physical, Occupational and Speech Therapists, and Audiologists acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 11 | $5.7M | $278,900 | |
| FY2019 | 10 | $6.3M | $419,500 | |
| FY2020 | 12 | $8.3M | $377,750 | |
| FY2021 | 14 | $6.6M | $383,800 | |
| FY2022 | 15 | $10.9M | $510,000 | |
| FY2023 | 14 | $13.1M | $304,750 | |
| FY2024 | 17 | $10M | $475,000 | |
| FY2025 | 36 | $28.8M | $479,500 | |
| FY2026 | 18 | $15.3M | $413,100 |
How often do these acquisition loans fail?
Of the 47 Offices of Physical, Occupational and Speech Therapists, and Audiologists acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 6.4% by loan count and 5.9% by dollars. 16 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Offices of Physical, Occupational and Speech Therapists, and Audiologists is 81% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 18 | 12.2% | $8.1M | |
| 2 | Florida | 14 | 9.5% | $7.7M | |
| 3 | Georgia | 12 | 8.2% | $13.6M | |
| 4 | Washington | 12 | 8.2% | $9.7M | |
| 5 | North Carolina | 9 | 6.1% | $6.3M | |
| 6 | Texas | 6 | 4.1% | $8M | |
| 7 | Illinois | 6 | 4.1% | $7.1M | |
| 8 | Massachusetts | 5 | 3.4% | $3.4M | |
| 9 | Louisiana | 5 | 3.4% | $3.3M | |
| 10 | New York | 5 | 3.4% | $1.8M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 4.8% | $7.9M | |
| 2 | Live Oak Banking Company | 7 | 4.8% | $6.5M | |
| 3 | Byline Bank | 6 | 4.1% | $3.3M | |
| 4 | Manufacturers and Traders Trust Company | 6 | 4.1% | $2M | |
| 5 | Heritage Bank | 4 | 2.7% | $2.3M | |
| 6 | FFB Bank | 4 | 2.7% | $913K | |
| 7 | BMO Bank National Association | 4 | 2.7% | $781K | |
| 8 | Pinnacle Bank | 3 | 2.0% | $4.2M | |
| 9 | Beacon Bank and Trust | 3 | 2.0% | $2M | |
| 10 | Northwest Bank | 3 | 2.0% | $1.2M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands in Offices of Physical, Occupational and Speech Therapists, and Audiologists
3% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | See The Trainer | 1 | 20.0% | $1.7M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Offices of Physical, Occupational and Speech Therapists, and Audiologists?
Median $400,000 across 147 acquisition loans (FY2018 to FY2026); the middle half ran $184,750 to $907,500. That is 38% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Offices of Physical, Occupational and Speech Therapists, and Audiologists acquisitions?
The Huntington National Bank (7), Live Oak Banking Company (7), Byline Bank (6), Manufacturers and Traders Trust Company (6), Heritage Bank (4).
Are businesses in Offices of Physical, Occupational and Speech Therapists, and Audiologists often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Offices of Physical, Occupational and Speech Therapists, and Audiologists?
Of 47 seasoned loans (FY2018 to FY2021), 6.4% charged off, 81% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Offices of Physical, Occupational and Speech Therapists, and Audiologists acquisitions?
Median term 10 years, average initial rate 8.16% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
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