Illinois micro-market
Healthcare practice financing in Freeport, Illinois
Direct answer
A Freeport file is read against 296 local clinicians, 127.9 for every 10,000 of its 23,140 residents, 25 percent of them in physical, occupational, and speech therapy, plus the 0 SBA healthcare approvals worth $0 already recorded in Stephenson County, 29 miles from 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: 23,140 residents (10K-25K band)1
- Healthcare providers registered here: 296 across 23 fields2
- Median household income: $48,1813
- Largest provider field: Physical, occupational, and speech therapy: 73 registered providers2
- Medicare-certified providers in town: 3 across 3 categories4
- Nearest metro: Rockford, IL, 29 miles1
Fields practicing inside Freeport
127.9 providers per 10,000 residents is what 296 enumerations across 23 fields works out to in a town of 23,140
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 73 | 31.5 | NPPES [2] |
| Behavioral and mental health group practices | 47 | 20.3 | NPPES [2] |
| Chiropractic | 31 | 13.4 | NPPES [2] |
| General dentistry | 26 | 11.2 | NPPES [2] |
| Primary care and family medicine | 20 | 8.6 | NPPES [2] |
| DME and HME suppliers | 18 | 7.8 | NPPES [2] |
| Optometry and ophthalmology | 18 | 7.8 | NPPES [2] |
| Specialty physician groups | 12 | 5.2 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 12 | 5.2 | NPPES [2] |
| Audiology and hearing centers | 7 | 3.0 | NPPES [2] |
| SUD treatment and residential | 5 | 2.2 | NPPES [2] |
| NEMT and ambulance | 5 | 2.2 | NPPES [2] |
| Independent pharmacy | 5 | 2.2 | NPPES [2] |
| Podiatry | 3 | 1.3 | NPPES [2] |
| Dermatology | 2 | 0.9 | NPPES [2] |
| Home health | 2 | 0.9 | NPPES [2] |
| Dental specialties | 2 | 0.9 | NPPES [2] |
| Non-medical home care | 2 | 0.9 | NPPES [2] |
| Dialysis and infusion centers | 2 | 0.9 | NPPES [2] |
| ABA and autism therapy | 1 | 0.4 | NPPES [2] |
| Hospice and palliative | 1 | 0.4 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.4 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.4 | NPPES [2] |
| Medical equipment suppliers | 9 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
A single Freeport practice can hold more than one of these numbers. 25 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
What Stephenson County credit files already show
With 0 healthcare approvals recorded, Stephenson County gives a valuation almost nothing local to lean on
| Line | Amount | Reading and source |
|---|---|---|
| Healthcare files approved | 0 | Counted for the fiscal year the SBA publishes [5] |
| Dollars behind them | $0 | Everything approved to healthcare borrowers, added up [5] |
| Typical approval size | No approvals recorded | The dollar column over the approval column [5] |
| Credit offices operating locally | 28 | Places that write credit locally, NAICS 522 [6] |
How this data lands in an underwriting decision
A file from here opens on 127.9 providers per 10,000 residents, and everything about volume follows from it. With 0 approvals on record in Stephenson County, expect a longer appraisal and a wider collateral discount. With $48,181 as the median household income, the payer mix in a projection has to match what Freeport households actually spend.
Programs the Freeport mix reaches for
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
The order comes from Freeport's own provider mix, which physical, occupational, and speech therapy dominates at 25 percent. What a partner can actually place in Illinois is a separate question.
What a funder reads first in Freeport
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, behavioral and mental health group practices, chiropractic
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (73) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Behavioral and mental health group practices (47) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
| Chiropractic (31) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Counts in the first column are Freeport providers from NPPES. The other two columns describe how funders read that field across markets like Freeport, not what any funder will do with your file.
Density beside the neighboring Illinois towns
Density is the number that moves an appraisal: 127.9 per 10,000 here
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Freeport (current) | 23,140 | 296 | 127.9 | |
| Dixon | 15,156 | 202 | 133.3 | 32 |
| Machesney Park | 22,839 | 79 | 34.6 | 32 |
| Loves Park | 23,636 | 161 | 68.1 | 33 |
| Roscoe | 10,981 | 112 | 102.0 | 33 |
| Sterling | 14,535 | 177 | 121.8 | 34 |
| Belvidere | 25,325 | 161 | 63.6 | 38 |
Distance, income, and the wage floor around Freeport
Rockford, IL lies 29 miles from Freeport, close enough for rent comparables to travel and far enough that patient draw does not. Median household income runs $48,181, which is the number a funder converts into case acceptance on anything elective or cash-pay. Wages here are anchored by the Medicare-certified hospital in town, which is what a staffing line gets measured against. A degree-granting institution here moves volume on the academic calendar. Freeport is the Stephenson County seat, so county employment steadies the payer mix.
Nearby Illinois towns
- Dixon 15,156 residents
- Machesney Park 22,839 residents
- Loves Park 23,636 residents
- Roscoe 10,981 residents
- Sterling 14,535 residents
- Belvidere 25,325 residents
Freeport owners, answered
01How many providers practice in Freeport, and in what?
NPPES lists 296 providers at a Freeport practice address, 127.9 per 10,000 residents across 23 tracked fields. Physical, occupational, and speech therapy accounts for 73 of them, 25 percent of the total, with behavioral and mental health group practices next at 47. Read that as clinicians: 296 enumerations, not 296 owners.
02Why does Stephenson County show so little SBA activity?
Only 0 healthcare approvals appear for Stephenson County in the published 7(a) and 504 file. Thin volume in Stephenson County is a transaction count, not a verdict on borrowers here. The county still holds 28 credit intermediation establishments.
03What does Stephenson County's shortage designation change?
HRSA designates Stephenson County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Freeport and evidences a staffing ramp in a 23,140 resident market.
04How does the hospital in Freeport affect a practice file?
A Medicare-certified hospital operates in the town, which gives referral flow, a call schedule, and a clinical labor pool a funder can verify. 3 Medicare-certified providers are located here in total. It also sets the wage floor behind every hire in a 127.9 per 10,000 market.
05Which fields carry the volume in Freeport?
The 23 enumerated fields are led by physical, occupational, and speech therapy at 73, with behavioral and mental health group practices at 47 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
06What does a $48,181 median income mean for case acceptance?
Median household income in Freeport runs $48,181. 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.
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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