Kentucky micro-market
Healthcare practice financing in Frankfort, Kentucky
Direct answer
Franklin County carries 0 SBA healthcare approvals worth $0, and inside Frankfort the census shows 303 enumerated clinicians against 28,610 residents, 105.9 per 10,000, 28 percent of them in physical, occupational, and speech therapy. Lexington-Fayette, KY lies 25 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 Kentucky, and how many partners see it, is set out on the Kentucky page.
- Population: 28,610 residents (25K-50K band)1
- Healthcare providers registered here: 303 across 26 fields2
- Median household income: $54,4383
- Largest provider field: Physical, occupational, and speech therapy: 86 registered providers2
- Medicare-certified providers in town: 3 across 2 categories4
- Nearest metro: Lexington-Fayette, KY, 25 miles1
Who is enumerated in Frankfort
Counted at the town's own addresses: 303 providers, 26 fields, 105.9 clinicians per 10,000 of the 28,610 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 86 | 30.1 | NPPES [2] |
| Chiropractic | 37 | 12.9 | NPPES [2] |
| General dentistry | 30 | 10.5 | NPPES [2] |
| Primary care and family medicine | 26 | 9.1 | NPPES [2] |
| Optometry and ophthalmology | 18 | 6.3 | NPPES [2] |
| Specialty physician groups | 17 | 5.9 | NPPES [2] |
| DME and HME suppliers | 14 | 4.9 | NPPES [2] |
| Dental specialties | 11 | 3.8 | NPPES [2] |
| Behavioral and mental health group practices | 10 | 3.5 | NPPES [2] |
| SUD treatment and residential | 9 | 3.1 | NPPES [2] |
| Independent pharmacy | 5 | 1.7 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 5 | 1.7 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 5 | 1.7 | NPPES [2] |
| Podiatry | 4 | 1.4 | NPPES [2] |
| Home health | 4 | 1.4 | NPPES [2] |
| Non-medical home care | 4 | 1.4 | NPPES [2] |
| Clinical and toxicology labs | 4 | 1.4 | NPPES [2] |
| Dialysis and infusion centers | 4 | 1.4 | NPPES [2] |
| NEMT and ambulance | 2 | 0.7 | NPPES [2] |
| Audiology and hearing centers | 2 | 0.7 | NPPES [2] |
| Urgent care | 1 | 0.3 | NPPES [2] |
| ASCs and OBLs | 1 | 0.3 | NPPES [2] |
| Pain management and interventional | 1 | 0.3 | NPPES [2] |
| ABA and autism therapy | 1 | 0.3 | NPPES [2] |
| Hospice and palliative | 1 | 0.3 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.3 | NPPES [2] |
| Medical equipment suppliers | 11 | CMS [4] | |
| Dialysis facilities | 2 | CMS [4] | |
| Ambulatory surgical centers | 1 | CMS [4] |
A single Frankfort practice can hold more than one of these numbers. 28 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
The lending record behind Frankfort
With 0 healthcare approvals recorded, Franklin County gives a valuation almost nothing local to lean on
| Line | Amount | Reading and source |
|---|---|---|
| SBA healthcare approvals | 0 | Counted for the fiscal year the SBA publishes [5] |
| Approved dollars | $0 | Everything approved to healthcare borrowers, added up [5] |
| Average approval | No approvals recorded | The dollar column over the approval column [5] |
| Lending establishments in the county | 43 | Places that write credit locally, NAICS 522 [6] |
The consequence of these numbers
The ratio that matters up front is 105.9 per 10,000, which decides whether a ramp schedule reads as conservative. A short county record of 0 approvals usually means more documentation and a lower advance against the same collateral. With $54,438 as the median household income, the payer mix in a projection has to match what Frankfort households actually spend.
Programs the Frankfort mix reaches for
- Practice acquisition
- Startup and de novo
- Equipment financing and leasing
- Working capital term loan
- Expansion, relocation, and build-out
The 26 fields practicing locally set this order. A funding partner, not this list, decides what is available in Kentucky.
The first pages of a Frankfort file
physical, occupational, and speech therapy, chiropractic, general dentistry account for most of what is enumerated in Frankfort, 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 (86) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (37) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| General dentistry (30) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
The first column is Frankfort's own NPPES count. The rest is how the field is generally underwritten, whether the address is Frankfort or anywhere else.
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) | 28,610 | 303 | 105.9 | |
| Lawrenceburg | 12,189 | 61 | 50.0 | 11 |
| Versailles | 10,656 | 133 | 124.8 | 13 |
| Georgetown | 40,518 | 346 | 85.4 | 19 |
| Shelbyville | 18,048 | 409 | 226.6 | 20 |
| Nicholasville | 33,458 | 307 | 91.8 | 27 |
| La Grange | 10,541 | 194 | 184.0 | 31 |
How Frankfort sits against the nearest metro
Distance to Lexington-Fayette, KY is 25 miles. Appraisers borrow Lexington-Fayette, KY rents, and the 28,610 residents set the ceiling on collections. Households here carry $54,438 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. Wages here are anchored by the Medicare-certified hospital in town, which is what a staffing line gets measured against. A college in Frankfort puts a term-shaped curve into monthly collections. Frankfort is the Franklin County seat, so county employment steadies the payer mix.
More of Kentucky
- Lawrenceburg 12,189 residents
- Versailles 10,656 residents
- Georgetown 40,518 residents
- Shelbyville 18,048 residents
- Nicholasville 33,458 residents
- La Grange 10,541 residents
Frankfort owners, answered
01How many providers practice in Frankfort, and in what?
NPPES lists 303 providers at a Frankfort practice address, 105.9 per 10,000 residents across 26 tracked fields. Physical, occupational, and speech therapy accounts for 86 of them, 28 percent of the total, with chiropractic next at 37. Read that as clinicians: 303 enumerations, not 303 owners.
02What does Franklin County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Franklin County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 28,610 residents gets past the question of who would take the job.
03Why does Franklin County show so little SBA activity?
Franklin 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. 43 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. 3 Medicare-certified providers are located here in total. It also sets the wage floor behind every hire in a 105.9 per 10,000 market.
05Which fields carry the volume in Frankfort?
The 26 enumerated fields are led by physical, occupational, and speech therapy at 86, with chiropractic at 37 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
06Is Frankfort underwritten as part of Lexington-Fayette, KY?
Partly. Lexington-Fayette, KY is 25 miles out, so rent and equipment comparables travel in from there while patients still come from the 28,610 residents around Frankfort. Cost side metro, revenue side local.
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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