GEORGIA · NAICS 541940
Georgia veterinary clinic projects turn on acquisition goodwill, patient volume, and practice economics in a market where household growth keeps demand and values rising. Studies translate patient count, service mix, and competitive density into defensible projections, and the appraisal file resolves intangible value where the deal crosses the goodwill threshold.
FEASIBILITY TRIGGER
Goodwill-driven appraisal triggers on acquisitions; projection-based startups.
Georgia generated 224 SBA-disbursed veterinary clinic loans between FY2010 and FY2026, worth $208.0 million in approved 7(a) and 504 financing at an average of $929,000 per deal. Ranked #7 of 38 states for veterinary clinic SBA volume, the state captures 4.0% of national veterinary clinic dollars. 91.5% of the loans ran through 7(a) with 504 covering the remainder; 25 approvals have posted since FY2024.
| Disbursed loans (FY2010–FY2026) | 224 |
| Approved volume | $208.0 million |
| Average loan size | $929,000 |
| 7(a) share | 91.5% |
| Approvals since FY2024 | 25 |
| State rank by loan count | #7 of 38 |
Among the 189 seasoned loans in this segment (approvals FY2010–FY2021), 1.6% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for veterinary clinic is 1.9%, against 7.3% across all industries. That is broadly in line with the national benchmark for this asset class.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 1.6%, close to the national veterinary clinic benchmark of 1.9%, puts Georgia deals in this class on ordinary SBA credit footing. Across 224 loans averaging $929,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Georgia veterinary clinics project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Georgia projects most often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Live Oak Bank operates the leading national veterinary SBA lending vertical, and metro Atlanta's household growth keeps practice demand and acquisition values rising.
For a national view of this asset class, see our veterinary clinic SBA feasibility overview, and read our related analysis in the veterinary clinic lending research on our blog.
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