New Mexico micro-market
Healthcare practice financing in Lovington, New Mexico
Direct answer
Lea County carries 1 SBA healthcare approvals worth $59,500, and inside Lovington the census shows 86 enumerated clinicians against 11,693 residents, 73.5 per 10,000, 35 percent of them in physical, occupational, and speech therapy. Odessa, TX lies 94 miles away.
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- Population: 11,693 residents (10K-25K band)1
- Healthcare providers registered here: 86 across 19 fields2
- Median household income: $67,2843
- Largest provider field: Physical, occupational, and speech therapy: 30 registered providers2
- Nearest metro: Odessa, TX, 94 miles1
- Hospital: A Medicare-certified hospital operates in the town4
Who is enumerated in Lovington
Counted at the town's own addresses: 86 providers, 19 fields, 73.5 clinicians per 10,000 of the 11,693 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 30 | 25.7 | NPPES [2] |
| Primary care and family medicine | 22 | 18.8 | NPPES [2] |
| Chiropractic | 6 | 5.1 | NPPES [2] |
| General dentistry | 4 | 3.4 | NPPES [2] |
| Independent pharmacy | 4 | 3.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 2.6 | NPPES [2] |
| Specialty physician groups | 3 | 2.6 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 3 | 2.6 | NPPES [2] |
| DME and HME suppliers | 1 | 0.9 | NPPES [2] |
| Home health | 1 | 0.9 | NPPES [2] |
| Sleep centers | 1 | 0.9 | NPPES [2] |
| Imaging centers | 1 | 0.9 | NPPES [2] |
| Pain management and interventional | 1 | 0.9 | NPPES [2] |
| NEMT and ambulance | 1 | 0.9 | NPPES [2] |
| Audiology and hearing centers | 1 | 0.9 | NPPES [2] |
| Hospice and palliative | 1 | 0.9 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.9 | NPPES [2] |
| Optometry and ophthalmology | 1 | 0.9 | NPPES [2] |
| Behavioral and mental health group practices | 1 | 0.9 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [4] |
A single Lovington practice can hold more than one of these numbers. 35 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
Lea County approvals, dollars, and lending establishments
1 healthcare approvals sit in the county file, so an appraiser here works from a short comparable set
| Line | Amount | Reading and source |
|---|---|---|
| Healthcare files approved | 1 | Counted for the fiscal year the SBA publishes [5] |
| Dollars behind them | $59,500 | Everything approved to healthcare borrowers, added up [5] |
| Typical approval size | $59,500 | The dollar column over the approval column [5] |
| Credit offices operating locally | 38 | Places that write credit locally, NAICS 522 [6] |
The consequence of these numbers
Underwriting starts with 73.5 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. With 1 approvals on record in Lea County, expect a longer appraisal and a wider collateral discount. Household income of $67,284 in Lovington is the number a lender uses to sanity check the self-pay share of a revenue projection.
Programs the Lovington mix reaches for
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Expansion, relocation, and build-out
- Equipment financing and leasing
The order comes from Lovington's own provider mix, which physical, occupational, and speech therapy dominates at 35 percent. What a partner can actually place in New Mexico is a separate question.
Underwriting by field in Lovington
What a funder opens first depends on the field. In Lovington that means physical, occupational, and speech therapy, primary care and family medicine, chiropractic.
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (30) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (22) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (6) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Counts in the first column are Lovington providers from NPPES. The other two columns describe how funders read that field across markets like Lovington, not what any funder will do with your file.
How Lovington prices against its neighbors
Set Lovington's 73.5 per 10,000 against the towns an appraiser would reach for next
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Lovington (current) | 11,693 | 86 | 73.5 | |
| Hobbs | 41,061 | 230 | 56.0 | 18 |
| Artesia | 12,550 | 90 | 71.7 | 63 |
| Carlsbad | 31,999 | 202 | 63.1 | 64 |
| Roswell | 47,176 | 388 | 82.2 | 74 |
| Portales | 11,789 | 134 | 113.7 | 85 |
| Clovis | 37,555 | 448 | 119.3 | 103 |
Distance, income, and the wage floor around Lovington
Odessa, TX lies 94 miles from Lovington, far enough that a used chair, chairside unit, or imaging system has no nearby resale market, which is where the collateral discount comes from. Households here carry $67,284 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. The hospital fixes two inputs a lender would otherwise estimate in a 11,693 resident town: where referrals originate, and what staff cost. Lovington is the Lea County seat, so county employment steadies the payer mix.
Nearby New Mexico towns
What owners in Lovington ask
01How many providers practice in Lovington, and in what?
Across 19 fields, Lovington carries 86 enumerated clinicians, 73.5 per 10,000 of the 11,693 people living here. The concentration is in physical, occupational, and speech therapy, 30 of the total, then primary care and family medicine at 22. Count practices from that only with care.
02Does being 94 miles out change the underwriting?
Distance does the work here. 94 miles out, Lea County supplies the rent and resale comparables, which usually means a slower appraisal and a harder haircut on anything a funder would have to move to sell.
03What does Lea County's shortage designation change?
Lea County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Lovington can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
04Why does Lea County show so little SBA activity?
Lea County shows 1 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. 38 lending establishments operate locally.
05How does the hospital in Lovington 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 73.5 per 10,000 market.
06Which fields carry the volume in Lovington?
Volume concentrates in physical, occupational, and speech therapy, 30 of them, ahead of primary care and family medicine at 22, across 19 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
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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