Montana micro-market
Healthcare practice financing in Belgrade, Montana
Direct answer
Density decides a lot here. Belgrade runs 98.9 providers per 10,000 residents, 126 clinicians against 12,741 people, 43 percent of them in physical, occupational, and speech therapy, while Gallatin County lenders have approved 6 healthcare files worth $3,689,900 and the nearest metro is 9 miles out.
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 Montana, and how many partners see it, is set out on the Montana page.
- Population: 12,741 residents (10K-25K band)1
- Healthcare providers registered here: 126 across 18 fields2
- Median household income: $88,8963
- Largest provider field: Physical, occupational, and speech therapy: 54 registered providers2
- Nearest metro: Bozeman, MT, 9 miles1
- SBA healthcare approvals in the county: 6 approvals totaling $3,689,9004
What NPPES records at Belgrade addresses
126 providers across 18 fields, 98.9 per 10,000 residents, counted at Belgrade addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 54 | 42.4 | NPPES [2] |
| Chiropractic | 16 | 12.6 | NPPES [2] |
| Primary care and family medicine | 12 | 9.4 | NPPES [2] |
| Behavioral and mental health group practices | 8 | 6.3 | NPPES [2] |
| Optometry and ophthalmology | 7 | 5.5 | NPPES [2] |
| General dentistry | 6 | 4.7 | NPPES [2] |
| Independent pharmacy | 3 | 2.4 | NPPES [2] |
| Specialty physician groups | 3 | 2.4 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 3 | 2.4 | NPPES [2] |
| Urgent care | 2 | 1.6 | NPPES [2] |
| Audiology and hearing centers | 2 | 1.6 | NPPES [2] |
| Non-medical home care | 2 | 1.6 | NPPES [2] |
| ABA and autism therapy | 2 | 1.6 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.6 | NPPES [2] |
| DME and HME suppliers | 1 | 0.8 | NPPES [2] |
| Dental specialties | 1 | 0.8 | NPPES [2] |
| NEMT and ambulance | 1 | 0.8 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.8 | NPPES [2] |
| Medical equipment suppliers | 1 | CMS [5] |
A single Belgrade practice can hold more than one of these numbers. 43 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
Loan activity in Gallatin County
6 healthcare approvals sit in the county file, so an appraiser here works from a short comparable set
| Line | Amount | Reading and source |
|---|---|---|
| Approvals on record | 6 | Fiscal year published in the SBA file [4] |
| Total approved capital | $3,689,900 | Sum of approvals to healthcare borrowers [4] |
| Mean deal size | $614,983 | Dollars divided by approvals [4] |
| Lenders sited in the county | 90 | Credit intermediation establishments, NAICS 522 [6] |
The consequence of these numbers
The ratio that matters up front is 98.9 per 10,000, which decides whether a ramp schedule reads as conservative. A short county record of 6 approvals usually means more documentation and a lower advance against the same collateral. Household income of $88,896 in Belgrade is the number a lender uses to sanity check the self-pay share of a revenue projection.
Programs the Belgrade mix reaches for
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
Weighted by how often each of the 18 local fields reaches for a program, not by what is easiest to refer. Montana rules and the partner decide availability.
What a funder reads first in Belgrade
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, chiropractic, primary care and family medicine
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (54) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (16) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| Primary care and family medicine (12) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
NPPES supplies the Belgrade counts. The reading columns describe the field in general, and no partner reviewing a Belgrade file is bound by them.
Belgrade against nearby Montana markets
The neighboring markets below are the ones a valuation borrows from when Belgrade has too few sales of its own
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Belgrade (current) | 12,741 | 126 | 98.9 | |
| Bozeman | 57,894 | 1,036 | 178.9 | 9 |
| Helena | 34,729 | 713 | 205.3 | 69 |
| Great Falls | 60,013 | 709 | 118.1 | 119 |
| Missoula | 78,204 | 1,384 | 177.0 | 156 |
| Kalispell | 31,296 | 715 | 228.5 | 226 |
What the geography does to a Belgrade projection
9 miles separate Belgrade from Bozeman, MT. Lease pricing follows Bozeman, MT, while revenue stays capped by the 12,741 residents here. Households here carry $88,896 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. No hospital operates here, so the referral sources and the call arrangement have to be named rather than assumed.
Other Montana markets
- Bozeman 57,894 residents
- Helena 34,729 residents
- Great Falls 60,013 residents
- Missoula 78,204 residents
- Kalispell 31,296 residents
Questions from Belgrade
01How many providers practice in Belgrade, and in what?
126 enumerations sit at Belgrade addresses in the monthly NPPES file, working out to 98.9 for every 10,000 residents. 43 percent of them are physical, occupational, and speech therapy, and chiropractic follows with 16. An enumeration is a clinician, so the 126 here cover fewer than 126 practices.
02Why does Gallatin County show so little SBA activity?
Only 6 healthcare approvals appear for Gallatin County in the published 7(a) and 504 file. Thin volume in Gallatin County is a transaction count, not a verdict on borrowers here. The county still holds 90 credit intermediation establishments.
03What does Gallatin County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Gallatin County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 12,741 residents gets past the question of who would take the job.
04Which fields carry the volume in Belgrade?
The 18 enumerated fields are led by physical, occupational, and speech therapy at 54, with chiropractic at 16 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
05Is Belgrade underwritten as part of Bozeman, MT?
Bozeman, MT sits 9 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Bozeman, MT; the 12,741 residents set the ceiling a projection can defend.
06Is there local lending capacity in Gallatin County?
County Business Patterns records 90 credit intermediation establishments in Gallatin County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Belgrade rents and resale before or by somebody working from a screen.
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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