Minnesota micro-market
Healthcare practice financing in Farmington, Minnesota
Direct answer
the county carries 12 SBA healthcare approvals worth $7,861,100, and inside Farmington the census shows 102 enumerated clinicians against 24,464 residents, 41.7 per 10,000, 33 percent of them in physical, occupational, and speech therapy. Minneapolis-St. Paul-Bloomington, MN-WI lies 22 miles away.
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- Population: 24,464 residents (10K-25K band)1
- Healthcare providers registered here: 102 across 16 fields2
- Median household income: $118,5563
- Largest provider field: Physical, occupational, and speech therapy: 34 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Minneapolis-St. Paul-Bloomington, MN-WI, 22 miles1
Farmington clinicians, by field
The NPPES file puts 102 enumerated clinicians inside Farmington, spread over 16 fields at 41.7 per 10,000 residents
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 34 | 13.9 | NPPES [2] |
| Chiropractic | 18 | 7.4 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 10 | 4.1 | NPPES [2] |
| Primary care and family medicine | 9 | 3.7 | NPPES [2] |
| Home health | 7 | 2.9 | NPPES [2] |
| General dentistry | 6 | 2.5 | NPPES [2] |
| Non-medical home care | 4 | 1.6 | NPPES [2] |
| Optometry and ophthalmology | 3 | 1.2 | NPPES [2] |
| DME and HME suppliers | 2 | 0.8 | NPPES [2] |
| ABA and autism therapy | 2 | 0.8 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 0.8 | NPPES [2] |
| Urgent care | 1 | 0.4 | NPPES [2] |
| SUD treatment and residential | 1 | 0.4 | NPPES [2] |
| Dental specialties | 1 | 0.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.4 | NPPES [2] |
| Behavioral and mental health group practices | 1 | 0.4 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Several of the 34 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
the county approvals, dollars, and lending establishments
The published file shows 12 healthcare approvals in the county, $7,861,100 in total, and that history is what an appraiser and a credit committee reach for
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 12 | One published fiscal year, healthcare borrowers only [5] |
| Approved dollars | $7,861,100 | Approved, not disbursed, and not net of withdrawals [5] |
| Average approval | $655,092 | A mean, so one large approval moves it [5] |
| Lending establishments in the county | 195 | Credit intermediation offices sited in the county [6] |
How this data lands in an underwriting decision
The ratio that matters up front is 41.7 per 10,000, which decides whether a ramp schedule reads as conservative. A request measured against 12 prior the county approvals is priced on precedent, which shortens the questions about valuation. Household income of $118,556 in Farmington is the number a lender uses to sanity check the self-pay share of a revenue projection.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Medical receivables factoring
Weighted by how often each of the 16 local fields reaches for a program, not by what is easiest to refer. Minnesota rules and the partner decide availability.
Underwriting by field in Farmington
What a funder opens first depends on the field. In Farmington that means physical, occupational, and speech therapy, chiropractic, skilled nursing, assisted living, and memory care.
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (34) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (18) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| Skilled nursing, assisted living, and memory care (10) | Census and occupancy, Staffing reporting, Survey history | Working capital |
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.
Farmington against nearby Minnesota markets
Set Farmington's 41.7 per 10,000 against the towns an appraiser would reach for next
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Farmington (current) | 24,464 | 102 | 41.7 | |
| Lakeville | 77,971 | 353 | 45.3 | 4 |
| Apple Valley | 55,272 | 395 | 71.5 | 6 |
| Rosemount | 30,581 | 100 | 32.7 | 8 |
| Savage | 32,896 | 171 | 52.0 | 12 |
| Inver Grove Heights | 36,226 | 206 | 56.9 | 13 |
| Northfield | 21,316 | 183 | 85.9 | 14 |
How Farmington sits against the nearest metro
Distance to Minneapolis-St. Paul-Bloomington, MN-WI is 22 miles. Appraisers borrow Minneapolis-St. Paul-Bloomington, MN-WI rents, and the 24,464 residents set the ceiling on collections. At $118,556 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 Minnesota markets
- Lakeville 77,971 residents
- Apple Valley 55,272 residents
- Rosemount 30,581 residents
- Savage 32,896 residents
- Inver Grove Heights 36,226 residents
- Northfield 21,316 residents
Farmington owners, answered
01How many providers practice in Farmington, and in what?
Across 16 fields, Farmington carries 102 enumerated clinicians, 41.7 per 10,000 of the 24,464 people living here. The concentration is in physical, occupational, and speech therapy, 34 of the total, then chiropractic at 18. Count practices from that only with care.
02Is Farmington underwritten as part of Minneapolis-St. Paul-Bloomington, MN-WI?
Partly. Minneapolis-St. Paul-Bloomington, MN-WI is 22 miles out, so rent and equipment comparables travel in from there while patients still come from the 24,464 residents around Farmington. Cost side metro, revenue side local.
03What does a $118,556 median income mean for case acceptance?
Median household income in Farmington runs $118,556. 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.
04What does SBA lending look like around Farmington?
Healthcare borrowers in the county took 12 approvals worth $7,861,100 in the published fiscal year, averaging $655,092. That is the comparable set an appraiser near Farmington reaches for first.
05Is there local lending capacity in the county?
County Business Patterns records 195 credit intermediation establishments in the county. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Farmington rents and resale before or by somebody working from a screen.
06Which fields carry the volume in Farmington?
Physical, occupational, and speech therapy at 34 providers and chiropractic at 18 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
- 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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