Offices of Physicians, Mental Health Specialists: SBA business acquisition loan data
24 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Offices of Physicians, Mental Health Specialists (NAICS 621112), totaling $27.2M. Median loan $350,000, 46% lower than the all-acquisition median.
- Loans, FY2018-FY2026
- 24
- Median loan
- $350,000 (middle half $186,200 to $1,430,375)
- Top lender
- The Huntington National Bank (21%, 5 loans)
- Top state
- Michigan
- FY2026 loans (latest complete year)
- 8
SBA lenders approved 24 7(a) loans to buy businesses in the Offices of Physicians, Mental Health Specialists industry from FY2018-FY2026, with a median of $350,000 and a middle half of $186,200 to $1,430,375. The Huntington National Bank made 21% of them. FY2026 had 8 loans.
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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 $1,430,375 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is less than 0.05% of all SBA-financed business purchases, ranking #265 of 300 industries tracked.
- Geography. Michigan leads with 3 loans; the top five states account for 46% of the industry's acquisitions.
- Jobs. Lenders reported 371 jobs supported across these loans, about 15.5 per acquisition, a rough proxy for the size of business changing hands.
How the Offices of Physicians, Mental Health Specialists industry compares
| Measure | Offices of Physicians... | All acquisitions |
|---|---|---|
| Median loan | $350,000 | $645,250 |
| Middle half of loans | $186,200 to $1,430,375 | $283,000 to $1,465,000 |
| Average initial rate | 8.17% | 7.76% |
| Median term | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 3.5% |
| Loans in sample | 24 | 48,902 |
The median for Offices of Physicians, Mental Health Specialists acquisition loans is $350,000, well below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $186,200 to $1,430,375, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 8.17%, above the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Offices of Physicians... | All acquisitions |
|---|---|---|
| Under $350K | 42% | 30% |
| $350K to under $1M | 29% | 33% |
| $1M to under $2M | 8% | 19% |
| $2M and over | 21% | 17% |
Most Offices of Physicians, Mental Health Specialists acquisition loans (71%) were under $1M, and the largest single band is Under $350K at 42%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
The Huntington National Bank made 21% of Offices of Physicians, Mental Health Specialists acquisition loans, and the top three lenders together made 38%. 1 of the 15 lenders involved made three or more. Only 1 lender has repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 15 Offices of Physicians, Mental Health Specialists acquisition loans were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $350,000, in line with the $350,000 median across all years.
Offices of Physicians, Mental Health Specialists acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $75K | $75,000 | |
| FY2020 | 1 | $2.4M | $2,355,000 | |
| FY2021 | 3 | $5.7M | $382,400 | |
| FY2022 | 1 | $882K | $882,000 | |
| FY2023 | 2 | $516K | $257,900 | |
| FY2024 | 1 | $321K | $321,000 | |
| FY2025 | 7 | $5.3M | $591,100 | |
| FY2026 | 8 | $12.1M | $300,000 |
How often do these acquisition loans fail?
Fewer than 20 Offices of Physicians, Mental Health Specialists acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 3 | 12.5% | $808K | |
| 2 | California | 2 | 8.3% | $5.9M | |
| 3 | Connecticut | 2 | 8.3% | $5M | |
| 4 | Oregon | 2 | 8.3% | $5M | |
| 5 | Utah | 2 | 8.3% | $2.5M | |
| 6 | Florida | 2 | 8.3% | $2.5M | |
| 7 | Washington | 2 | 8.3% | $1.7M | |
| 8 | Missouri | 2 | 8.3% | $343K | |
| 9 | Colorado | 1 | 4.2% | $1.4M | |
| 10 | Kentucky | 1 | 4.2% | $591K |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 5 | 20.8% | $2.5M | |
| 2 | U.S. Bank, National Association | 2 | 8.3% | $5.9M | |
| 3 | Beacon Bank and Trust | 2 | 8.3% | $5M | |
| 4 | WaFd Bank | 2 | 8.3% | $5M | |
| 5 | First Internet Bank of Indiana | 2 | 8.3% | $2.5M | |
| 6 | Southern Bank | 2 | 8.3% | $343K | |
| 7 | US Eagle FCU | 1 | 4.2% | $2.4M | |
| 8 | Craft Bank | 1 | 4.2% | $1.4M | |
| 9 | Stock Yards Bank & Trust Company | 1 | 4.2% | $591K | |
| 10 | BNC National Bank | 1 | 4.2% | $382K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Offices of Physicians, Mental Health Specialists?
Median $350,000 across 24 acquisition loans (FY2018 to FY2026); the middle half ran $186,200 to $1,430,375. That is 46% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Offices of Physicians, Mental Health Specialists acquisitions?
The Huntington National Bank (5), U.S. Bank, National Association (2), Beacon Bank and Trust (2), WaFd Bank (2), First Internet Bank of Indiana (2).
Are businesses in Offices of Physicians, Mental Health Specialists often franchised?
Rarely. Only 0% 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 Physicians, Mental Health Specialists?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Offices of Physicians, Mental Health Specialists acquisitions?
Median term 10 years, average initial rate 8.17% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
How much do you need down for an SBA loan to buy a business in the Offices of Physicians, Mental Health Specialists industry?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Offices of Physicians, Mental Health Specialists acquisition loans was $350,000, and the middle half ran $186,200 to $1,430,375.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 15 Offices of Physicians, Mental Health Specialists acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in the Offices of Physicians, Mental Health Specialists industry?
By loan count, FY2018 to FY2026: The Huntington National Bank (5), U.S. Bank, National Association (2), Beacon Bank and Trust (2), WaFd Bank (2), First Internet Bank of Indiana (2). The Huntington National Bank made 21% of Offices of Physicians, Mental Health Specialists acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
The purchase agreement decides what you bought, not the loan approval.
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Cite this data
SBA Acquisition Data, "Offices of Physicians, Mental Health Specialists: SBA acquisition loan data", https://sbaacquisitiondata.com/industry/offices-of-physicians-mental-health-specialists-621112 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/industry/offices-of-physicians-mental-health-specialists-621112.json.