Chiropractic practices qualify for equipment financing for tables, X-ray systems, and decompression units (typically $20Kâ$150K), SBA 7(a) for practice acquisition or expansion, and working-capital lines to bridge insurance reimbursement delays of 30â90 days. Your file routes to ONE matched lender â â based on NAICS 621310 classification.
Chiropractic practices (NAICS 621310) generate revenue through two distinct channels: insurance-billed services (Medicare, Medicaid, workers' comp, private health insurers) and direct-pay or cash-pay patients. Insurance-billed visits typically reimburse in 30â90 days depending on payer, creating a structural accounts-receivable gap â a practice seeing 150 visits per week at $60 average insurance reimbursement can have $50Kâ$150K in outstanding AR at any time. Cash-pay and wellness-plan patients pay at the point of service, providing a predictable daily cash stream. The ratio of insurance vs. cash-pay significantly affects how lenders read bank statements: high-insurance practices show lumpy, delayed deposits; high-cash-pay practices show smoother daily revenue.
Equipment financing covers the core capital assets of a chiropractic practice: adjusting tables ($5Kâ$30K per table), digital X-ray systems ($25Kâ$80K), spinal decompression units ($20Kâ$60K), electrical muscle stimulation devices, ultrasound therapy equipment, and traction tables. Equipment loans are secured against the assets, typically at 80â100% LTV with 36â72 month terms. SBA 7(a) loans (up to $5 million) are the preferred structure for practice acquisitions â chiropractic practices transact based on patient-visit volume and collections, and SBA's ability to finance goodwill makes it the most accessible acquisition product for licensed practitioners. Working-capital lines ($25Kâ$200K) bridge insurance reimbursement timing without requiring the practice to factor receivables.
For equipment financing: 620+ personal FICO, 6+ months in practice, equipment vendor quote. For SBA 7(a) practice acquisition: 680+ FICO, active chiropractic license (DC), 2 years of verifiable practice history (may include employment history before ownership), personal guarantee, business plan with patient-volume projections. For working-capital lines: 600+ FICO, $20K+ monthly collections, 12 months of bank statements. Lenders look for stable or growing collections trends and patient visit counts â declining insurance reimbursement rates without offsetting volume growth is a flag. Notes receivable from patient payment plans should be disclosed on the application.
Start your application. Your file routes to ONE matched lender â not broadcast to a marketplace â matched to your NAICS 621310 classification, revenue profile, and financing purpose. ClearValue Lending is a funding platform, not a lender or financial advisor.