Brookharbor Lenders in Charleston, West Virginia passes funding requests from Kanawha County chiropractic and therapy clinics to funding partners. This page covers tables and rehab space, X-ray, claims gaps, second offices and county practitioner counts.
At a glance
- Offices of other health practitioners
Offices of other health practitioners (chiropractors, therapists, optometrists and others), Kanawha County, WV: 102 employer establishments (CBP 2023)
- Therapy offices
Offices of physical, occupational and speech therapists and audiologists, Kanawha County, WV: 36 employer establishments (CBP 2023)
- Practitioner offices without employees
Offices of other health practitioners with no paid employees, Kanawha County, WV: 189 (Nonemployer Statistics 2024)
Chiropractic Business Loans for Decompression Tables and Rehab Space
A chiropractic clinic's core equipment is its treatment tables, and a clinic may add specialized tables for decompression or flexion-distraction work. Adding a rehab area brings exercise equipment, mats and space to use them, and sometimes a build-out.
Tables and rehab equipment fit equipment financing; the build-out of rehab space fits a term loan. A partner will want the quotes, the clinic's visit history and its bank statements.
Business Loans for Chiropractic Clinics Buying Digital X-Ray
Digital X-ray replaces film processing with a detector and software, and it may require room shielding and electrical work. It is one of the larger purchases a clinic makes, and it usually secures its own loan or lease.
Ask the vendor for the full installed price, the software license terms and the service contract. Some systems also need a workstation and image-storage arrangement, and a clinic that shares images with physicians may need a way to send them securely; both belong on the quote. Compare a loan plus a service contract with a lease that bundles service, on the total paid over the same years.
Business Loans for a Chiropractic Practice Waiting on Insurer Payments
Clinics that bill insurers wait on claims while paying staff and rent. A payer that slows down or denies a batch can leave the clinic short even though the money is owed.
A working capital loan or a line of credit can carry the gap. A claims aging report, showing how much is outstanding and for how long by payer, is the most useful record to bring.
Business Loans for Physical Therapy Clinics Opening a Second Charleston, WV Office
A physical therapy clinic opening a second office needs a lease, a build-out, treatment tables, exercise equipment and staff hired before the new office fills its schedule. A partner will look at the first office's results and the referral sources the second will draw on.
A term loan for the build-out, equipment financing for the tables and gear, and a line for the first months of payroll is one way to divide the funding. A build-out loan should end no later than the lease does.
Referral relationships carry a second office. A clinic that can show where its patients come from, such as physicians, employers or a hospital network, and how many referrals each sent last year, gives a partner a way to judge whether a new location will fill. Bring that summary along with the lease draft and the equipment list.
Other Health Practitioners in Kanawha County, WV: 102 Offices Under One Code
County Business Patterns groups chiropractors, optometrists, physical, occupational and speech therapists, audiologists and other practitioners under one code: offices of other health practitioners. Kanawha County, WV had 102 such offices with employees in 2023, with 833 employees and an annual payroll of about $43.6 million; 54 of them, or 52.9%, had fewer than five employees.
Offices of physical, occupational and speech therapists and audiologists numbered 36 of those (County Business Patterns). The county tables used here do not give a separate count for chiropractors. Nonemployer Statistics, a separate program, counted 189 practitioner offices with no paid employees in 2024.
An Invented Digital X-Ray Upgrade With a Treatment-Table Pair
Illustration only, invented figures: a Charleston, WV chiropractic clinic replaces film X-ray with a digital system and adds two treatment tables, $57,000 installed. The clinic finances it over five years at an invented annual rate of 9%.
In this invented case that works out to about $1,183.23 a month; 60 payments come to about $70,994, about $13,994 of it interest (our arithmetic). The clinic would compare the payment with the film and processing costs it no longer pays and the visits the added tables support.
Claims Aging, Visit Counts and Leases a Clinic Can Bring to a Review
- A claims aging report by payer.
- Monthly visit counts for the past year or two.
- Business bank statements and tax returns.
- The office lease, and the landlord consent for any build-out.
- Equipment quotes with installation and service terms.
- The practitioner license details, if a partner asks.
Partners differ in what they read; gather these when one asks.
By Brookharbor Lenders · Updated