Illinois micro-market
Healthcare practice financing in Fox Lake, Illinois
Direct answer
45 healthcare providers hold a Fox Lake practice address, 41.2 per 10,000 of its 10,925 residents, 42 percent of them in physical, occupational, and speech therapy. Lake County recorded 16 SBA healthcare approvals worth $6,809,300, and Kenosha, WI sits 19 miles out.
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- Population: 10,925 residents (10K-25K band)1
- Healthcare providers registered here: 45 across 11 fields2
- Median household income: $69,8963
- Largest provider field: Physical, occupational, and speech therapy: 19 registered providers2
- Nearest metro: Kenosha, WI, 19 miles1
- SBA healthcare approvals in the county: 16 approvals totaling $6,809,3004
The provider census in Fox Lake
Counted at the town's own addresses: 45 providers, 11 fields, 41.2 clinicians per 10,000 of the 10,925 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 19 | 17.4 | NPPES [2] |
| General dentistry | 7 | 6.4 | NPPES [2] |
| SUD treatment and residential | 4 | 3.7 | NPPES [2] |
| DME and HME suppliers | 3 | 2.7 | NPPES [2] |
| Chiropractic | 3 | 2.7 | NPPES [2] |
| Optometry and ophthalmology | 3 | 2.7 | NPPES [2] |
| Behavioral and mental health group practices | 2 | 1.8 | NPPES [2] |
| Primary care and family medicine | 1 | 0.9 | NPPES [2] |
| Pain management and interventional | 1 | 0.9 | NPPES [2] |
| Independent pharmacy | 1 | 0.9 | NPPES [2] |
| Specialty physician groups | 1 | 0.9 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [5] |
Several of the 19 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Lake County approvals, dollars, and lending establishments
16 healthcare approvals averaging $425,581 set the deal shape lenders in Lake County have already underwritten
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 16 | Counted for the fiscal year the SBA publishes [4] |
| Approved dollars | $6,809,300 | Everything approved to healthcare borrowers, added up [4] |
| Average approval | $425,581 | The dollar column over the approval column [4] |
| Lending establishments in the county | 318 | Places that write credit locally, NAICS 522 [6] |
How this data lands in an underwriting decision
A file from here opens on 41.2 providers per 10,000 residents, and everything about volume follows from it. 16 approvals worth $6,809,300 in Lake County means the size you are asking for has a local precedent to point at. Household income of $69,896 in Fox Lake is the number a lender uses to sanity check the self-pay share of a revenue projection.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
The order comes from Fox Lake's own provider mix, which physical, occupational, and speech therapy dominates at 42 percent. What a partner can actually place in Illinois is a separate question.
The first pages of a Fox Lake file
What a funder opens first depends on the field. In Fox Lake that means physical, occupational, and speech therapy, general dentistry, sud treatment and residential.
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (19) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (7) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| SUD treatment and residential (4) | Census and level of care mix, In-network versus out-of-network billing history, Utilization review outcomes | Facility real estate |
Local counts come from NPPES. What a file turns on is drawn from how the field is generally reviewed, not from any decision about your practice.
Fox Lake against nearby Illinois markets
Density is the number that moves an appraisal: 41.2 per 10,000 here
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Fox Lake (current) | 10,925 | 45 | 41.2 | |
| Round Lake Beach | 27,091 | 62 | 22.9 | 6 |
| Antioch | 15,108 | 104 | 68.8 | 7 |
| Round Lake | 18,654 | 44 | 23.6 | 7 |
| Lindenhurst | 14,564 | 91 | 62.5 | 8 |
| McHenry | 28,825 | 438 | 152.0 | 8 |
| Grayslake | 21,262 | 305 | 143.4 | 10 |
How Fox Lake sits against the nearest metro
Distance to Kenosha, WI is 19 miles. Appraisers borrow Kenosha, WI rents, and the 10,925 residents set the ceiling on collections. Households here carry $69,896 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. Referral flow comes from outside Fox Lake, which a projection needs to state plainly.
More of Illinois
- Round Lake Beach 27,091 residents
- Antioch 15,108 residents
- Round Lake 18,654 residents
- Lindenhurst 14,564 residents
- McHenry 28,825 residents
- Grayslake 21,262 residents
What owners in Fox Lake ask
01How many providers practice in Fox Lake, and in what?
45 enumerations sit at Fox Lake addresses in the monthly NPPES file, working out to 41.2 for every 10,000 residents. 42 percent of them are physical, occupational, and speech therapy, and general dentistry follows with 7. An enumeration is a clinician, so the 45 here cover fewer than 45 practices.
02What does Lake County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Lake County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 10,925 residents gets past the question of who would take the job.
03Is Fox Lake underwritten as part of Kenosha, WI?
Kenosha, WI sits 19 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Kenosha, WI; the 10,925 residents set the ceiling a projection can defend.
04What does SBA lending look like around Fox Lake?
Healthcare borrowers in Lake County took 16 approvals worth $6,809,300 in the published fiscal year, averaging $425,581. That is the comparable set an appraiser near Fox Lake reaches for first.
05Is there local lending capacity in Lake County?
County Business Patterns records 318 credit intermediation establishments in Lake County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Fox Lake rents and resale before or by somebody working from a screen.
06What does the underserved designation in Lake County support?
Lake County carries a medically underserved designation. It evidences unmet demand behind a capacity build, and it opens recruitment programs that make a staffing line in a projection easier to defend than local wage data alone would.
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
- 4U.S. Small Business Administration, 7(a) and 504 approvals
- 5CMS Care Compare provider datasets
- 6U.S. Census Bureau, County Business Patterns 2022
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