Utah micro-market
Healthcare practice financing in Smithfield, Utah
Direct answer
A Smithfield file is read against 45 local clinicians, 30.0 for every 10,000 of its 15,018 residents, 31 percent of them in chiropractic, plus the 8 SBA healthcare approvals worth $1,924,600 already recorded in Cache County, 7 miles from Logan, UT-ID.
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 Utah, and how many partners see it, is set out on the Utah page.
- Population: 15,018 residents (10K-25K band)1
- Healthcare providers registered here: 45 across 10 fields2
- Median household income: $90,6023
- Largest provider field: Chiropractic: 14 registered providers2
- Nearest metro: Logan, UT-ID, 7 miles1
- SBA healthcare approvals in the county: 8 approvals totaling $1,924,6004
Smithfield clinicians, by field
Counted at the town's own addresses: 45 providers, 10 fields, 30.0 clinicians per 10,000 of the 15,018 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Chiropractic | 14 | 9.3 | NPPES [2] |
| Physical, occupational, and speech therapy | 9 | 6.0 | NPPES [2] |
| General dentistry | 6 | 4.0 | NPPES [2] |
| Primary care and family medicine | 4 | 2.7 | NPPES [2] |
| Behavioral and mental health group practices | 4 | 2.7 | NPPES [2] |
| Optometry and ophthalmology | 3 | 2.0 | NPPES [2] |
| Independent pharmacy | 2 | 1.3 | NPPES [2] |
| Dental specialties | 1 | 0.7 | NPPES [2] |
| NEMT and ambulance | 1 | 0.7 | NPPES [2] |
| Non-medical home care | 1 | 0.7 | NPPES [2] |
| Medical equipment suppliers | 1 | CMS [5] |
A single Smithfield practice can hold more than one of these numbers. 31 percent sit in chiropractic, counted as clinicians rather than as owners.
Cache County approvals, dollars, and lending establishments
8 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 | 8 | Fiscal year published in the SBA file [4] |
| Total approved capital | $1,924,600 | Sum of approvals to healthcare borrowers [4] |
| Mean deal size | $240,575 | Dollars divided by approvals [4] |
| Lenders sited in the county | 85 | Credit intermediation establishments, NAICS 522 [6] |
Reading Smithfield the way a credit committee does
A file from here opens on 30.0 providers per 10,000 residents, and everything about volume follows from it. A short county record of 8 approvals usually means more documentation and a lower advance against the same collateral. With $90,602 as the median household income, the payer mix in a projection has to match what Smithfield households actually spend.
Programs the Smithfield mix reaches for
- Startup and de novo
- Practice acquisition
- Equipment financing and leasing
- Working capital term loan
- Expansion, relocation, and build-out
Weighted by how often each of the 10 local fields reaches for a program, not by what is easiest to refer. Utah rules and the partner decide availability.
Underwriting by field in Smithfield
What a funder opens first depends on the field. In Smithfield that means chiropractic, physical, occupational, and speech therapy, general dentistry.
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Chiropractic (14) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| Physical, occupational, and speech therapy (9) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (6) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
Counts in the first column are Smithfield providers from NPPES. The other two columns describe how funders read that field across markets like Smithfield, not what any funder will do with your file.
How Smithfield prices against its neighbors
Density is the number that moves an appraisal: 30.0 per 10,000 here
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Smithfield (current) | 15,018 | 45 | 30.0 | |
| North Logan | 11,727 | 52 | 44.3 | 4 |
| Logan | 56,770 | 537 | 94.6 | 7 |
| Hyrum | 11,043 | 12 | 10.9 | 14 |
| Tremonton | 12,677 | 57 | 45.0 | 20 |
| Pleasant View | 11,337 | 39 | 34.4 | 36 |
| North Ogden | 22,908 | 81 | 35.4 | 37 |
What the geography does to a Smithfield projection
7 miles separate Smithfield from Logan, UT-ID. Lease pricing follows Logan, UT-ID, while revenue stays capped by the 15,018 residents here. Households here carry $90,602 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 Utah markets
- North Logan 11,727 residents
- Logan 56,770 residents
- Hyrum 11,043 residents
- Tremonton 12,677 residents
- Pleasant View 11,337 residents
- North Ogden 22,908 residents
What owners in Smithfield ask
01How many providers practice in Smithfield, and in what?
45 enumerations sit at Smithfield addresses in the monthly NPPES file, working out to 30.0 for every 10,000 residents. 31 percent of them are chiropractic, and physical, occupational, and speech therapy follows with 9. An enumeration is a clinician, so the 45 here cover fewer than 45 practices.
02Why does Cache County show so little SBA activity?
Only 8 healthcare approvals appear for Cache County in the published 7(a) and 504 file. Thin volume in Cache County is a transaction count, not a verdict on borrowers here. The county still holds 85 credit intermediation establishments.
03What does Cache County's shortage designation change?
Cache County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Smithfield can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
04Is there local lending capacity in Cache County?
County Business Patterns records 85 credit intermediation establishments in Cache County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Smithfield rents and resale before or by somebody working from a screen.
05Is Smithfield underwritten as part of Logan, UT-ID?
Comparables and demand split at 7 miles. An appraiser prices the lease and the equipment off Logan, UT-ID; the revenue line has to hold up against 15,018 local residents.
06Which fields carry the volume in Smithfield?
Volume concentrates in chiropractic, 14 of them, ahead of physical, occupational, and speech therapy at 9, across 10 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
- 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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