Healthcare practice financing in Arizona

Each row links the Arizona authority behind it. How a rule lands on one practice is a legal question, and it belongs with a Arizona lawyer. Verified

Source: SBA 7(a) and 504 approval files, fiscal year 2025. Verified

PHOENIX leads Arizona with $24.8 million across 28 approvals, $885,071 each, which is the comparable set an appraiser reaches for on a purchase there. Verified

If a Arizona category is missing, nothing is certified under it. An unloaded row carries no number on purpose, because a placeholder figure would travel further than it should. Verified

MARICOPA leads Arizona with 156 certified providers, ahead of Maricopa at 70. County concentration sets how much of a Arizona file rests on the practice itself rather than on nearby closings. Verified

The employer base in Arizona runs to 19,432 establishments, 5,030 of them physician and specialty offices. Physician and specialty offices account for the largest share of the base at 5,030. Verified

The heaviest county in Arizona is Maricopa at 13,687 establishments. Where the base thins out, expansion is a build rather than a purchase, and the capital request changes shape with it. Verified

Mean pay for registered nurses in Arizona is $99,500 across 73,150 people. The gap between planned pay and this mean is the first thing a credit analyst prices into a ramp. Verified

Maricopa tops the Arizona list with 3,561 of the state's 8,762 designations. Shortage status reads on a credit file as demand evidence, not as a subsidy, and it supports the revenue case for a second site. Verified

• Dental offices: 25 closings, $27.4 million approved, $1.1 million typical. That average is the reference point a Arizona credit committee starts from on a similar file.
• Physician and specialty offices: 42 Arizona approvals totaling $24.4 million, $580,776 each. With only 42 Arizona approvals behind $24.4 million, the underwriter reads documents rather than precedent.
• Residential care and treatment: 25 closings, $21.2 million approved, $849,372 typical. That average is the reference point a Arizona credit committee starts from on a similar file.
• Home health and hospice: 22 Arizona approvals totaling $11.2 million, $509,255 each. With only 22 Arizona approvals behind $11.2 million, the underwriter reads documents rather than precedent.
• Med spa and personal care: average approval $355,638 over 26 closings worth $9.2 million. At $355,638 against $9.2 million of state volume, that is an equipment or fit-out request more often than an acquisition.
• Veterinary practices: average approval $1.2 million over 6 closings worth $7.1 million. At $1.2 million against $7.1 million of state volume, that is an equipment or fit-out request more often than an acquisition.
• Physical, occupational, and speech therapy: $4.1 million over 8 approvals in Arizona, $509,875 each, which sets what a comparable request can be documented against.
• Pharmacies: $556,714 on average, 7 approvals, $3.9 million in total. Match $556,714 and the timeline is ordinary; ask well above it and the Arizona diligence list lengthens.
• Behavioral health and ABA: average approval $267,214 over 14 closings worth $3.7 million. At $267,214 against $3.7 million of state volume, that is an equipment or fit-out request more often than an acquisition.

• The largest dollar block in Arizona is dental offices: 25 approvals, $27.4 million, $1.1 million on average. That average is the yardstick a Arizona file is measured against before a single term is discussed.
• Next in the Arizona file is physician and specialty offices at $24.4 million over 42 approvals, followed by residential care and treatment. Where volume thins out, expect a longer memo, more history, and a smaller first advance.
• Arizona shows 1,213 medical equipment suppliers in the certification files. Where the certified base is large, the capital event is usually a purchase; where it is small, it is usually working capital against a payer contract.
• Arizona records 21 approvals through 504. Where that column is thin, buying the building is the harder conversation locally and the file needs a stronger appraisal and a longer lead time.

• 206 SBA approvals to Arizona healthcare borrowers in FY2025¹
• $120.8 million approved, averaging $586,441 per loan¹
• 1,953 CMS-certified providers across 5 categories²

• Healthcare AR line and payroll funding
• Partner buy-in, buy-out, and refinance
• Commercial real estate, owner-occupied
• Expansion, relocation, and build-out
• Medical receivables factoring
• SBA 7(a) and 504
• Working capital term loan

• Arizona Medical Board, licensure and ownership questions for physicians
• Arizona State Board of Dental Examiners, licensure and ownership questions for dentists
• Nothing official was confirmed for Arizona on repayment support, state lending, or financing disclosure oversight

Also covered in Arizona: Fountain Hills, Maricopa, Paradise Valley, Flagstaff, Florence, Coolidge, Camp Verde, Douglas, Chino Valley, Prescott Valley, Sahuarita, El Mirage, Marana, Somerton, Eloy, San Luis, Bullhead, Lake Havasu

• All states covered
• Every financing program
• Connecticut healthcare practice financing, the nearest comparable record to this one
• Hawaii healthcare practice financing, for a side-by-side on rules and loan volume
• Iowa healthcare practice financing, the nearest comparable record to this one
• Urgent care, with the payer profile behind the numbers
• DME and HME suppliers, including what collections history is asked for
• SUD treatment and residential, with the capital events that field actually runs
• Independent pharmacy, read on the terms that field is underwritten on
• Dialysis and infusion centers, including what collections history is asked for
• Clinical research sites, and the revenue mix a funder checks first

1. 1SBA 7(a) and 504 approvals, FY2025
2. 2CMS provider certification files
3. 3NPPES provider registry
4. 4County Business Patterns 2022
5. 5BLS Occupational Employment and Wage Statistics, OEWS 2025
6. 6HRSA health professional shortage area file
7. 7Arizona corporate practice rules
8. 8Arizona Medical Board
9. 9Arizona State Board of Dental Examiners