Indiana micro-market
Healthcare practice financing in Frankfort, Indiana
Direct answer
Clinton County carries 0 SBA healthcare approvals worth $0, and inside Frankfort the census shows 128 enumerated clinicians against 16,459 residents, 77.8 per 10,000, 35 percent of them in physical, occupational, and speech therapy. Lafayette-West Lafayette, IN lies 19 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 Indiana, and how many partners see it, is set out on the Indiana page.
- Population: 16,459 residents (10K-25K band)1
- Healthcare providers registered here: 128 across 24 fields2
- Median household income: $53,5223
- Largest provider field: Physical, occupational, and speech therapy: 45 registered providers2
- Nearest metro: Lafayette-West Lafayette, IN, 19 miles1
- Hospital: A Medicare-certified hospital operates in the town4
The clinical base a lender can verify here
Counted at the town's own addresses: 128 providers, 24 fields, 77.8 clinicians per 10,000 of the 16,459 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 45 | 27.3 | NPPES [2] |
| Primary care and family medicine | 12 | 7.3 | NPPES [2] |
| General dentistry | 12 | 7.3 | NPPES [2] |
| DME and HME suppliers | 9 | 5.5 | NPPES [2] |
| Optometry and ophthalmology | 9 | 5.5 | NPPES [2] |
| Audiology and hearing centers | 7 | 4.3 | NPPES [2] |
| Chiropractic | 4 | 2.4 | NPPES [2] |
| ABA and autism therapy | 4 | 2.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 1.8 | NPPES [2] |
| Behavioral and mental health group practices | 3 | 1.8 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 3 | 1.8 | NPPES [2] |
| Podiatry | 2 | 1.2 | NPPES [2] |
| Independent pharmacy | 2 | 1.2 | NPPES [2] |
| Specialty physician groups | 2 | 1.2 | NPPES [2] |
| Dialysis and infusion centers | 2 | 1.2 | NPPES [2] |
| Dermatology | 1 | 0.6 | NPPES [2] |
| Home health | 1 | 0.6 | NPPES [2] |
| SUD treatment and residential | 1 | 0.6 | NPPES [2] |
| NEMT and ambulance | 1 | 0.6 | NPPES [2] |
| Non-medical home care | 1 | 0.6 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.6 | NPPES [2] |
| IV hydration and infusion | 1 | 0.6 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.6 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 4 | CMS [4] |
Physical, occupational, and speech therapy carries 45 of the 128 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
What Clinton County credit files already show
0 healthcare approvals sit in the county file, so an appraiser here works from a short comparable set
| What it measures | Value | How to read it |
|---|---|---|
| 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 | 13 | Places that write credit locally, NAICS 522 [6] |
How this data lands in an underwriting decision
Underwriting starts with 77.8 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. Clinton County has 0 approvals to compare against, so plan for extra appraisal time and a conservative valuation. Household income of $53,522 in Frankfort is the number a lender uses to sanity check the self-pay share of a revenue projection.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
The 24 fields practicing locally set this order. A funding partner, not this list, decides what is available in Indiana.
Underwriting by field in Frankfort
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, primary care and family medicine, general dentistry
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (45) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (12) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| General dentistry (12) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
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.
How Frankfort prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when Frankfort has too few sales of its own
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Frankfort (current) | 16,459 | 128 | 77.8 | |
| Lebanon | 17,608 | 169 | 96.0 | 17 |
| Lafayette | 71,757 | 1,063 | 148.1 | 19 |
| West Lafayette | 46,338 | 295 | 63.7 | 23 |
| Whitestown | 14,564 | 31 | 21.3 | 23 |
| Zionsville | 33,161 | 272 | 82.0 | 23 |
| Crawfordsville | 16,594 | 174 | 104.9 | 25 |
Distance, income, and the wage floor around Frankfort
Lafayette-West Lafayette, IN lies 19 miles from Frankfort, close enough that appraisers price the lease against Lafayette-West Lafayette, IN rents while 16,459 residents set the revenue ceiling. Median household income runs $53,522, which is the number a funder converts into case acceptance on anything elective or cash-pay. The hospital fixes two inputs a lender would otherwise estimate in a 16,459 resident town: where referrals originate, and what staff cost. Frankfort is the Clinton County seat, so county employment steadies the payer mix.
More of Indiana
- Lebanon 17,608 residents
- Lafayette 71,757 residents
- West Lafayette 46,338 residents
- Whitestown 14,564 residents
- Zionsville 33,161 residents
- Crawfordsville 16,594 residents
Questions from Frankfort
01How many providers practice in Frankfort, and in what?
128 enumerations sit at Frankfort addresses in the monthly NPPES file, working out to 77.8 for every 10,000 residents. 35 percent of them are physical, occupational, and speech therapy, and primary care and family medicine follows with 12. An enumeration is a clinician, so the 128 here cover fewer than 128 practices.
02What does Clinton County's shortage designation change?
HRSA designates Clinton County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Frankfort and evidences a staffing ramp in a 16,459 resident market.
03Why does Clinton County show so little SBA activity?
Clinton County shows 0 approvals in the SBA healthcare file, which means an appraiser reaches outside the county for comparables. Few sales, not weak credit, is the usual reason. 13 lending establishments operate locally.
04How does the hospital in Frankfort 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. It also sets the wage floor behind every hire in a 77.8 per 10,000 market.
05Is Frankfort underwritten as part of Lafayette-West Lafayette, IN?
Lafayette-West Lafayette, IN 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 Lafayette-West Lafayette, IN; the 16,459 residents set the ceiling a projection can defend.
06Which fields carry the volume in Frankfort?
Physical, occupational, and speech therapy at 45 providers and primary care and family medicine at 12 lead the 24 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
- 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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