Illinois micro-market
Healthcare practice financing in Belvidere, Illinois
Direct answer
25,325 residents, 161 enumerated clinicians, 63.6 per 10,000, 30 percent of them in physical, occupational, and speech therapy: that is the Belvidere market a funder prices. Boone County adds 0 healthcare approvals worth $0 and 9 miles of distance to Rockford, IL.
A location page indicates that Practition Finance is taking clients in that market. It does not represent a physical office, storefront, or licensed presence in that city or state. All services are delivered remotely by our US-based team. How a referral works in Illinois, and how many partners see it, is set out on the Illinois page.
- Population: 25,325 residents (25K-50K band)1
- Healthcare providers registered here: 161 across 19 fields2
- Median household income: $62,4623
- Largest provider field: Physical, occupational, and speech therapy: 49 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Rockford, IL, 9 miles1
What NPPES records at Belvidere addresses
Counted at the town's own addresses: 161 providers, 19 fields, 63.6 clinicians per 10,000 of the 25,325 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 49 | 19.3 | NPPES [2] |
| Primary care and family medicine | 34 | 13.4 | NPPES [2] |
| Chiropractic | 19 | 7.5 | NPPES [2] |
| General dentistry | 11 | 4.3 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 10 | 3.9 | NPPES [2] |
| Optometry and ophthalmology | 8 | 3.2 | NPPES [2] |
| Specialty physician groups | 7 | 2.8 | NPPES [2] |
| Behavioral and mental health group practices | 4 | 1.6 | NPPES [2] |
| DME and HME suppliers | 3 | 1.2 | NPPES [2] |
| Independent pharmacy | 3 | 1.2 | NPPES [2] |
| SUD treatment and residential | 2 | 0.8 | NPPES [2] |
| Dental specialties | 2 | 0.8 | NPPES [2] |
| NEMT and ambulance | 2 | 0.8 | NPPES [2] |
| Non-medical home care | 2 | 0.8 | NPPES [2] |
| Dermatology | 1 | 0.4 | NPPES [2] |
| Home health | 1 | 0.4 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.4 | NPPES [2] |
| Plastic and cosmetic surgery | 1 | 0.4 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.4 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
A single Belvidere practice can hold more than one of these numbers. 30 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
The lending record behind Belvidere
With 0 healthcare approvals recorded, Boone County gives a valuation almost nothing local to lean on
| Line | Amount | Reading and source |
|---|---|---|
| SBA healthcare approvals | 0 | One published fiscal year, healthcare borrowers only [5] |
| Approved dollars | $0 | Approved, not disbursed, and not net of withdrawals [5] |
| Average approval | No approvals recorded | A mean, so one large approval moves it [5] |
| Lending establishments in the county | 12 | Credit intermediation offices sited in the county [6] |
The consequence of these numbers
Underwriting starts with 63.6 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. A short county record of 0 approvals usually means more documentation and a lower advance against the same collateral. With $62,462 as the median household income, the payer mix in a projection has to match what Belvidere households actually spend.
Programs the Belvidere mix reaches for
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Expansion, relocation, and build-out
- Equipment financing and leasing
The order comes from Belvidere's own provider mix, which physical, occupational, and speech therapy dominates at 30 percent. What a partner can actually place in Illinois is a separate question.
Underwriting by field in Belvidere
What a funder opens first depends on the field. In Belvidere that means physical, occupational, and speech therapy, primary care and family medicine, chiropractic.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (49) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (34) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (19) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
NPPES supplies the Belvidere counts. The reading columns describe the field in general, and no partner reviewing a Belvidere file is bound by them.
Density beside the neighboring Illinois towns
63.6 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Belvidere
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Belvidere (current) | 25,325 | 161 | 63.6 | |
| Loves Park | 23,636 | 161 | 68.1 | 8 |
| Machesney Park | 22,839 | 79 | 34.6 | 10 |
| Roscoe | 10,981 | 112 | 102.0 | 13 |
| Sycamore | 18,968 | 274 | 144.5 | 21 |
| Woodstock | 25,892 | 245 | 94.6 | 23 |
| DeKalb | 40,491 | 277 | 68.4 | 24 |
How Belvidere sits against the nearest metro
Distance to Rockford, IL is 9 miles. Appraisers borrow Rockford, IL rents, and the 25,325 residents set the ceiling on collections. Households here carry $62,462 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. With no hospital in town, a projection has to name where referrals and coverage come from. Belvidere is the Boone County seat, so county employment steadies the payer mix.
More of Illinois
- Loves Park 23,636 residents
- Machesney Park 22,839 residents
- Roscoe 10,981 residents
- Sycamore 18,968 residents
- Woodstock 25,892 residents
- DeKalb 40,491 residents
Questions from Belvidere
01How many providers practice in Belvidere, and in what?
Across 19 fields, Belvidere carries 161 enumerated clinicians, 63.6 per 10,000 of the 25,325 people living here. The concentration is in physical, occupational, and speech therapy, 49 of the total, then primary care and family medicine at 34. Count practices from that only with care.
02Why does Boone County show so little SBA activity?
The published file records 0 7(a) and 504 approvals to healthcare borrowers in Boone County. That tracks how few Boone County practices changed hands that year, not credit quality. 12 credit intermediation establishments operate in Boone County, so the lending capacity is local even where the healthcare history is not.
03Is Belvidere underwritten as part of Rockford, IL?
Rockford, IL sits 9 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Rockford, IL; the 25,325 residents set the ceiling a projection can defend.
04What does Boone County's shortage designation change?
HRSA designates Boone County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Belvidere and evidences a staffing ramp in a 25,325 resident market.
05What does a $62,462 median income mean for case acceptance?
Median household income in Belvidere runs $62,462. On elective and cash-pay work that is the number a funder converts into case acceptance, and it sets how much of a treatment plan a projection can assume gets started rather than deferred.
06Does being the Boone County seat change anything?
Belvidere is the Boone County seat, so county payroll steadies the payer mix and courthouse traffic keeps the daytime population above the 25,325 residents on the census. Both show up as a flatter seasonal curve in a collections history.
Sources
- 1U.S. Census Bureau, Population Estimates, vintage 2024
- 2CMS NPPES, monthly full replacement file
- 3U.S. Census Bureau, ACS 5-year 2023, table B19013
- 4CMS Care Compare provider datasets
- 5U.S. Small Business Administration, 7(a) and 504 approvals
- 6U.S. Census Bureau, County Business Patterns 2022
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