Elmpark Capital Group places chiropractic and therapy practice loan requests from Palm Coast, Florida owners with funding partners, who decide on them. Offices of other health practitioners, the Census group with chiropractors, physical therapists and optometrists, counted 85 employer establishments in Flagler County, FL in 2023 (County Business Patterns).
At a glance
- Offices of other health practitioners, county
85, with 428 paid employees (CBP 2023)
- Physical, occupational and speech therapy offices
26 (CBP 2023, NAICS 621340)
- Group offices in ZIP 32137
49 (ZBP 2023)
Chiropractic Financing Companies and Palm Coast, FL Therapy Clinics
Chiropractic and therapy practices are financed by banks, equipment finance companies, vendor programs and online funders. Elmpark places your request with funding partners, and the partner reviewing it decides. Offices of other health practitioners (NAICS 6213), the Census group that holds chiropractors, physical therapists, optometrists and others, counted 85 employer establishments in Flagler County, FL in 2023, with 428 paid employees and $19.9 million in annual payroll (CBP 2023).
These are small offices: 71.8% had fewer than five employees. Within the group, physical, occupational and speech therapy offices counted 26 and offices of all other miscellaneous health practitioners 29 (CBP 2023). Chiropractic offices are counted inside that 85-office group.
Chiropractic Equipment Financing: Tables, Decompression and X-Ray
Adjusting tables, flexion-distraction and decompression tables, digital X-ray, electrotherapy and ultrasound units are the core list. Each is financed with the equipment as collateral. Imaging that technology overtakes suits a lease; tables that last suit a loan.
Illustration only, invented figures: a practice adds a decompression table and digital X-ray for $46,000, financed over 60 months at an invented annual rate of 10.5%; the payment is about $989 a month (our arithmetic).
A Chiropractic Equipment List for a New Treatment Room
- Adjusting or drop table
- Flexion-distraction or decompression table
- Therapy modalities: electrical stimulation, ultrasound, cold laser
- Rehab equipment: balance boards, bands, a treadmill
- Digital X-ray and viewing software
- Scheduling and billing software and front-desk hardware
Equipment financing in Palm Coast, FL covers loans and leases for each.
Business Loans for a Physical Therapy Practice Adding a Gym Floor
A physical therapy clinic spends on space more than on single machines: a large open treatment floor, parallel bars, treadmills, mats and private treatment rooms. The build-out suits a term loan; the equipment suits equipment financing. Partners read the clinic’s visit volume, payer mix and lease.
Buying a Chiropractic Practice in Flagler County, FL
A practice purchase is a term loan priced on the seller’s collections, the patient base and the lease. Partners read collections history by payer, the share of cash-pay patients, the equipment list and whether the seller stays on for a transition. A practice that depends on one practitioner’s personal following needs a clear handover plan.
Working Capital for a Chiropractic Practice Waiting on Claims
Claims for therapy visits are paid on insurers’ schedules, while staff are paid every two weeks. Working capital covers a defined gap such as adding a therapist; a line of credit covers the steady claims gap. Size either from the accounts receivable aging report.
Illustration only, invented figures: an invented clinic with $38,000 of claims older than 30 days and a biweekly payroll of $14,000 could start with a line near two payrolls, $28,000 (our arithmetic).
Cash-Pay Plans and Insurance Visits: Two Revenue Streams
Many chiropractic and therapy offices mix insurance visits with cash-pay care plans. Cash-pay revenue arrives at the visit or on a monthly plan; insurance revenue arrives weeks later. A partner reading the practice’s statements separates the two, because the cash-pay share shows how much of the payroll the office covers without waiting on claims.
Tracking the split month by month in your own books makes that part of the review short.
Opening a Satellite Office in Flagler County, FL
A second treatment location adds rent, a build-out, a table or two and front-desk staff before it fills its schedule. A term loan for the build-out and equipment financing for the tables keep the costs on schedules that match their lives, and the main office’s visit history is what a partner reads to judge the plan.
Optometrists and Other Practitioners in the Same Census Group
Optometry offices sit in the same NAICS 6213 group and borrow for exam lanes, retinal cameras and frame inventory. Frame stock is a retail inventory question as much as a medical one; inventory financing covers it.
Practitioner Offices by ZIP and No-Payroll Count Around Palm Coast, FL
Forty-nine offices in the group used a ZIP 32137 address in 2023 (ZBP 2023), more than half the county total. Nonemployer Statistics counted 312 practitioner businesses without paid employees for 2024, a separate program. Medical practice loans covers physician offices.
Visit Reports and Payer Mix: The File a Partner Reads From a Therapy Clinic
- Recent bank statements for the business and its last tax return.
- Visit volume and collections by payer.
- An accounts receivable aging report.
- Equipment quotes or the purchase agreement.
- The lease and its remaining term.
Talk it through at (386) 309-8622, or use the Elmpark request form; the Palm Coast, FL page has more local counts.
By Elmpark Capital Group · Updated