Hazelgate Capital places funding requests from chiropractic, physical therapy and optometry practices in Bartlesville, Oklahoma with funding partners. Washington County, OK had 36 offices of other health practitioners with payroll in 2023. This page covers loans for each kind of practice, what buying a chiropractic practice costs, and how a request moves.
At a glance
- Offices of other health practitioners
36, with 241 employees (County Business Patterns 2023)
- Practitioner offices without paid employees
59 (Nonemployer Statistics 2024)
- Under five employees
18 of 36 (County Business Patterns 2023)
Business loans for physical therapy: Bartlesville, OK clinics and rehab practices
County Business Patterns counted 36 offices of other health practitioners (NAICS 6213) with paid employees in Washington County, OK in 2023. The category holds chiropractors, physical, occupational and speech therapists, optometrists, podiatrists and similar practices. Together they had 241 employees and $10.5 million in annual payroll, about $43,639 per employee (our arithmetic), and half of them, 18, had fewer than five employees.
Physical therapy practices borrow for treatment tables, exercise and rehab equipment, a larger clinic space, and payroll while insurers and workers' compensation carriers pay. A line of credit suits the claims lag; equipment financing suits the gear.
Workers' compensation and auto injury cases can take months to pay, and some therapy practices carry a large share of them. A partner reading the request looks at receivables by payer: commercial insurers, Medicare and Medicaid, workers' compensation carriers and patients. A practice that knows its own days-to-pay for each payer can size a credit line to the real gap instead of guessing, and can show the partner why the gap closes.
Occupational and speech therapy practices, also in this category, have the same receivables pattern and add school or agency contracts that pay on their own schedules. Their equipment needs are lighter, so their requests center on payroll timing and space.
Chiropractic business loans for Washington County, OK owners
Chiropractic business loans pay for adjusting and decompression tables, digital X-ray, therapy modalities and the build-out of treatment rooms. Illustration only, invented figures: 3 adjusting tables and a $6,500 therapy laser are financed as one equipment package; the quote, the practice's bank statements and the latest return are the core of the file. Nonemployer Statistics, a separate program, counted 59 practitioner offices without paid employees in the county for 2024, with receipts averaging about $38,424 (our arithmetic), many of them solo practices.
A solo chiropractor's request rests heavily on the owner's credit and the practice's deposits; a group practice adds its financial statements.
Optometry business loans: a Washington County, OK overview
Optometry practices carry two funding needs a chiropractic office does not: diagnostic equipment such as retinal cameras and visual field testers, and an optical inventory of frames and lenses. Equipment financing covers the instruments; inventory financing or a line of credit covers the frame board. Partners read collections by payer, since vision plans and medical insurers pay on their own schedules.
Optometrists fall within the same NAICS 6213 category as chiropractors in the Census counts, so the 36 figure above includes them; the county file does not split the category further.
How much does it cost to buy a chiropractic practice in Bartlesville, OK?
The price of a chiropractic practice rests on what it collects, what it keeps after expenses, its equipment and how much of its patient base stays after the sale. Valuations are set by appraisers and practice-sale advisers using the practice's own records, so start from those rather than a published rule.
Illustration only, invented figures: a Bartlesville, OK practice collecting $380,000 a year is valued at 0.6 times collections, or $228,000 (our arithmetic). With 15% down, a term loan of $193,800 over 84 months at an invented annual rate of 10% costs about $3,217 a month (our arithmetic). In this invented example the buyer tests that payment against the practice's profit, not its collections.
Physical therapy business loan near Bartlesville, OK
A physical therapy business loan for equipment, illustration only with invented figures: a $42,000 package of treatment tables, parallel bars and a rehab treadmill financed over 60 months at an invented annual rate of 9% costs about $872 a month (our arithmetic). Lenders review the quote, the practice's referral and collection history, and the lease. For a second clinic, a term loan sized to the build-out and opening payroll fits better than equipment financing alone.
Business loans for chiropractic practice: how it works in Bartlesville, OK
- Describe the cost and its purpose: equipment, build-out, payroll gap or purchase.
- Gather bank statements, the latest return and collections reports by payer.
- For equipment, get the vendor quote; for a purchase, the valuation and agreement.
- Send the request by phone or form; a partner reviews the file and decides.
- Read any offer for its total cost, collateral and personal guarantee.
Equipment financing covers the gear, term loans cover purchases and build-outs, and the medical practice page covers physician offices, with 31 in the county in 2023 (County Business Patterns 2023).
By Hazelgate Capital · Updated
