Illinois micro-market
Healthcare practice financing in Franklin Park, Illinois
Direct answer
A Franklin Park file is read against 111 local clinicians, 61.3 for every 10,000 of its 18,110 residents, 19 percent of them in physical, occupational, and speech therapy, plus the 122 SBA healthcare approvals worth $56,780,300 already recorded in Cook County, 12 miles from Chicago-Naperville-Elgin, IL-IN.
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: 18,110 residents (10K-25K band)1
- Healthcare providers registered here: 111 across 22 fields2
- Median household income: $76,0093
- Largest provider field: Physical, occupational, and speech therapy: 21 registered providers2
- Nearest metro: Chicago-Naperville-Elgin, IL-IN, 12 miles1
- SBA healthcare approvals in the county: 122 approvals totaling $56,780,3004
The provider census in Franklin Park
Counted at the town's own addresses: 111 providers, 22 fields, 61.3 clinicians per 10,000 of the 18,110 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 21 | 11.6 | NPPES [2] |
| Behavioral and mental health group practices | 18 | 9.9 | NPPES [2] |
| General dentistry | 15 | 8.3 | NPPES [2] |
| Specialty physician groups | 10 | 5.5 | NPPES [2] |
| Primary care and family medicine | 8 | 4.4 | NPPES [2] |
| Chiropractic | 4 | 2.2 | NPPES [2] |
| Independent pharmacy | 4 | 2.2 | NPPES [2] |
| ABA and autism therapy | 4 | 2.2 | NPPES [2] |
| Optometry and ophthalmology | 4 | 2.2 | NPPES [2] |
| Occupational health and drug testing | 4 | 2.2 | NPPES [2] |
| Clinical and toxicology labs | 3 | 1.7 | NPPES [2] |
| DME and HME suppliers | 2 | 1.1 | NPPES [2] |
| Urgent care | 2 | 1.1 | NPPES [2] |
| SUD treatment and residential | 2 | 1.1 | NPPES [2] |
| Mobile diagnostics | 2 | 1.1 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.1 | NPPES [2] |
| Podiatry | 1 | 0.6 | NPPES [2] |
| Home health | 1 | 0.6 | NPPES [2] |
| NEMT and ambulance | 1 | 0.6 | NPPES [2] |
| Non-medical home care | 1 | 0.6 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.6 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [5] |
Physical, occupational, and speech therapy carries 21 of the 111 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
What Cook County credit files already show
Lenders in Cook County have already closed 122 healthcare approvals, averaging $465,412, which is the size a new file gets read beside
| What it measures | Value | How to read it |
|---|---|---|
| Healthcare files approved | 122 | Fiscal year published in the SBA file [4] |
| Dollars behind them | $56,780,300 | Sum of approvals to healthcare borrowers [4] |
| Typical approval size | $465,412 | Dollars divided by approvals [4] |
| Credit offices operating locally | 2,528 | Credit intermediation establishments, NAICS 522 [6] |
What the two tables above change about a file
At 61.3 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A request measured against 122 prior Cook County approvals is priced on precedent, which shortens the questions about valuation. A $76,009 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Working capital term loan
- Equipment financing and leasing
The 22 fields practicing locally set this order. A funding partner, not this list, decides what is available in Illinois.
What a funder reads first in Franklin Park
physical, occupational, and speech therapy, behavioral and mental health group practices, general dentistry account for most of what is enumerated in Franklin Park, so those are the files funders see from this town
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (21) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Behavioral and mental health group practices (18) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
| General dentistry (15) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
Counts in the first column are Franklin Park providers from NPPES. The other two columns describe how funders read that field across markets like Franklin Park, not what any funder will do with your file.
Franklin Park against nearby Illinois markets
Set Franklin Park's 61.3 per 10,000 against the towns an appraiser would reach for next
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Franklin Park (current) | 18,110 | 111 | 61.3 | |
| Melrose Park | 23,999 | 297 | 123.8 | 2 |
| Northlake | 12,433 | 53 | 42.6 | 2 |
| River Grove | 10,424 | 37 | 35.5 | 2 |
| Schiller Park | 11,325 | 30 | 26.5 | 2 |
| Elmwood Park | 23,698 | 127 | 53.6 | 3 |
| Norridge | 14,817 | 112 | 75.6 | 3 |
Distance, income, and the wage floor around Franklin Park
Chicago-Naperville-Elgin, IL-IN lies 12 miles from Franklin Park, close enough that appraisers price the lease against Chicago-Naperville-Elgin, IL-IN rents while 18,110 residents set the revenue ceiling. At $76,009 median household income, the elective and cash-pay share of a projection is the line that gets tested first. No hospital operates here, so the referral sources and the call arrangement have to be named rather than assumed.
Other Illinois markets
- Melrose Park 23,999 residents
- Northlake 12,433 residents
- River Grove 10,424 residents
- Schiller Park 11,325 residents
- Elmwood Park 23,698 residents
- Norridge 14,817 residents
Franklin Park owners, answered
01How many providers practice in Franklin Park, and in what?
Across 22 fields, Franklin Park carries 111 enumerated clinicians, 61.3 per 10,000 of the 18,110 people living here. The concentration is in physical, occupational, and speech therapy, 21 of the total, then behavioral and mental health group practices at 18. Count practices from that only with care.
02What does SBA lending look like around Franklin Park?
The county file behind Franklin Park holds 122 healthcare approvals totaling $56,780,300, an average of $465,412. Those are the loan sizes lenders in Cook County have already carried.
03What does Cook County's shortage designation change?
HRSA designates Cook County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Franklin Park and evidences a staffing ramp in a 18,110 resident market.
04Is Franklin Park underwritten as part of Chicago-Naperville-Elgin, IL-IN?
Partly. Chicago-Naperville-Elgin, IL-IN is 12 miles out, so rent and equipment comparables travel in from there while patients still come from the 18,110 residents around Franklin Park. Cost side metro, revenue side local.
05Is there local lending capacity in Cook County?
County Business Patterns records 2,528 credit intermediation establishments in Cook County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Franklin Park rents and resale before or by somebody working from a screen.
06What does the underserved designation in Cook County support?
Cook 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
Our team reviews every request within 1 business day. If a funding partner thinks they can help, a specialist from that partner contacts you to discuss next steps.