Illinois micro-market
Healthcare practice financing in Washington, Illinois
Direct answer
Tazewell County carries 6 SBA healthcare approvals worth $848,000, and inside Washington the census shows 156 enumerated clinicians against 15,857 residents, 98.4 per 10,000, 51 percent of them in physical, occupational, and speech therapy. Peoria, IL lies 10 miles away.
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: 15,857 residents (10K-25K band)1
- Healthcare providers registered here: 156 across 16 fields2
- Median household income: $91,3603
- Largest provider field: Physical, occupational, and speech therapy: 80 registered providers2
- Nearest metro: Peoria, IL, 10 miles1
- SBA healthcare approvals in the county: 6 approvals totaling $848,0004
Who is enumerated in Washington
156 providers across 16 fields, 98.4 per 10,000 residents, counted at Washington addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 80 | 50.5 | NPPES [2] |
| Primary care and family medicine | 10 | 6.3 | NPPES [2] |
| Chiropractic | 9 | 5.7 | NPPES [2] |
| Behavioral and mental health group practices | 9 | 5.7 | NPPES [2] |
| General dentistry | 7 | 4.4 | NPPES [2] |
| ABA and autism therapy | 7 | 4.4 | NPPES [2] |
| Specialty physician groups | 7 | 4.4 | NPPES [2] |
| Optometry and ophthalmology | 7 | 4.4 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 6 | 3.8 | NPPES [2] |
| DME and HME suppliers | 5 | 3.2 | NPPES [2] |
| Independent pharmacy | 3 | 1.9 | NPPES [2] |
| NEMT and ambulance | 2 | 1.3 | NPPES [2] |
| Non-medical home care | 1 | 0.6 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.6 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.6 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 6 | CMS [5] |
Physical, occupational, and speech therapy carries 80 of the 156 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
The lending record behind Washington
With 6 healthcare approvals recorded, Tazewell County gives a valuation almost nothing local to lean on
| What it measures | Value | How to read it |
|---|---|---|
| Healthcare files approved | 6 | Fiscal year published in the SBA file [4] |
| Dollars behind them | $848,000 | Sum of approvals to healthcare borrowers [4] |
| Typical approval size | $141,333 | Dollars divided by approvals [4] |
| Credit offices operating locally | 63 | Credit intermediation establishments, NAICS 522 [6] |
The consequence of these numbers
Underwriting starts with 98.4 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. With 6 approvals on record in Tazewell County, expect a longer appraisal and a wider collateral discount. With $91,360 as the median household income, the payer mix in a projection has to match what Washington households actually spend.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Medical receivables factoring
- Expansion, relocation, and build-out
The order comes from Washington's own provider mix, which physical, occupational, and speech therapy dominates at 51 percent. What a partner can actually place in Illinois is a separate question.
Underwriting by field in Washington
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, primary care and family medicine, chiropractic
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (80) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (10) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (9) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Column one counts Washington clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Washington file differently.
How Washington prices against its neighbors
Set Washington's 98.4 per 10,000 against the towns an appraiser would reach for next
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Washington (current) | 15,857 | 156 | 98.4 | |
| East Peoria | 22,024 | 139 | 63.1 | 6 |
| Morton | 17,557 | 143 | 81.4 | 7 |
| Pekin | 31,266 | 213 | 68.1 | 14 |
| Normal | 53,304 | 335 | 62.8 | 26 |
| Bloomington | 79,232 | 752 | 94.9 | 29 |
| Canton | 12,896 | 113 | 87.6 | 33 |
Distance, income, and the wage floor around Washington
Peoria, IL lies 10 miles from Washington, close enough that appraisers price the lease against Peoria, IL rents while 15,857 residents set the revenue ceiling. Median household income runs $91,360, which is the number a funder converts into case acceptance on anything elective or cash-pay. No hospital operates here, so the referral sources and the call arrangement have to be named rather than assumed.
Other Illinois markets
- East Peoria 22,024 residents
- Morton 17,557 residents
- Pekin 31,266 residents
- Normal 53,304 residents
- Bloomington 79,232 residents
- Canton 12,896 residents
What owners in Washington ask
01How many providers practice in Washington, and in what?
Across 16 fields, Washington carries 156 enumerated clinicians, 98.4 per 10,000 of the 15,857 people living here. The concentration is in physical, occupational, and speech therapy, 80 of the total, then primary care and family medicine at 10. Count practices from that only with care.
02What does Tazewell County's shortage designation change?
HRSA designates Tazewell County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Washington and evidences a staffing ramp in a 15,857 resident market.
03Why does Tazewell County show so little SBA activity?
Only 6 healthcare approvals appear for Tazewell County in the published 7(a) and 504 file. Thin volume in Tazewell County is a transaction count, not a verdict on borrowers here. The county still holds 63 credit intermediation establishments.
04Is Washington underwritten as part of Peoria, IL?
Peoria, IL sits 10 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Peoria, IL; the 15,857 residents set the ceiling a projection can defend.
05Is there local lending capacity in Tazewell County?
County Business Patterns records 63 credit intermediation establishments in Tazewell County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Washington rents and resale before or by somebody working from a screen.
06Which fields carry the volume in Washington?
Physical, occupational, and speech therapy at 80 providers and primary care and family medicine at 10 lead the 16 fields enumerated here. A funder reads that mix as the local competition set and the local hiring pool at once, before it reads a single line of your own numbers.
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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