Treatment equipment fits equipment financing or a lease, a large rehab system fits a loan where a cash share lowers the amount financed, and a new hire’s first paychecks fit a working capital loan. Each clinic case below uses invented prices and rates; a funding partner sets any real terms.
At a glance
- Offices of Other Health Practitioners, Lee County, AL
75 employer establishments (CBP 2023)
- Same code, fewer than five employees
38 establishments, 50.7% (CBP 2023)
- Offices of Other Health Practitioners, ZIP 36830
39 employer establishments (ZBP 2023)
- Same code with no paid employees, Lee County, AL
315 nonemployer establishments (NES 2024)
Physical therapy equipment financing options for chiropractic and therapy offices in Lee County, AL
A chiropractic or physical therapy office can match each piece of equipment to a different product. The options below are what Hazelbridge Financial can send to funding partners:
- Equipment financing: a loan secured by the equipment, such as hi-lo mat tables, parallel bars or a laser therapy unit, owned once the payments end.
- A lease: lower monthly payments on some agreements, with a buyout, a return or a renewal at the end.
- A term loan: several pieces bought over one project, or a rehab system with a larger price.
- A working capital loan: wages for a new therapist or assistant before the added visits are paid.
The clinic room itself, plumbing for a hydrotherapy tub or any wall work is property work outside this site. Smaller pieces that move between rooms, such as a portable stimulation unit or a set of weights, may go on the same agreement as a larger item if the partner agrees. Partners may ask for the equipment quote, bank statements and a recent tax return.
A laser therapy unit for an Auburn, AL chiropractic office: lease or equipment loan
Illustration only, invented figures: a chiropractic office adds a class IV laser therapy unit quoted at $26,350. The invented table compares a 48-month equipment loan with a 48-month lease.
| Route | Each month | Paid in all | Office owns it |
|---|---|---|---|
| Equipment loan, 11.1%, 48 months | $682.31 | $32,750.88 | After payment 48 |
| Lease, 48 payments plus a $1 buyout | $701.40 | $33,668.20 | After the $1 buyout |
Across the four invented years, the lease comes to $917.32 more than the loan. Some leases bundle service or upgrades, which may matter for a device whose models change; the partner sets what a lease includes. At the end of this invented lease the office owns the unit for the $1 buyout, while a fair market value lease would leave a choice to buy, return or renew. The unit plugs into a standard outlet.
An isokinetic system at a Lee County, AL physical therapy clinic: putting cash in first
Illustration only, invented figures: a physical therapy clinic adds an isokinetic testing and rehab system priced at $57,600. Financed in full at a 9.35% annual rate over 60 months, the invented loan runs $1,205.49 a month with $14,729.40 of interest.
If the clinic pays $11,520 in cash first and finances $46,080, the invented payment drops to $964.39 and the interest to $11,783.40: $241.10 less a month and $2,946.00 less interest, in exchange for $11,520 out of the account on day one. Whether a partner asks for a cash share at all is set in its offer.
Chiropractic practice loans with a therapist assistant hire at an Auburn, AL therapy clinic
Illustration only, invented figures: a clinic hires a physical therapist assistant at $2,140 every two weeks and expects about 60 days before the added visits cover the wage. Depending on where the first payday falls, 4 or 5 paychecks land in those 60 days in this invented case: $8,560 to $10,700.
Borrowing the full $10,700 for those wages through a working capital loan, in this invented case over 8 months at 12.9% a year, means $1,403.01 each month, with $524.08 paid as interest by the end. Partners may ask for visit and billing records along with bank statements before deciding. A credit line could carry the same wages one paycheck at a time, with interest only on what is drawn, but without the loan’s set end date.
Chiropractors, therapists and optometrists: Lee County, AL and ZIP 36830 counts
The Census code for offices of other health practitioners takes in chiropractors, physical, occupational and speech therapists, optometrists and podiatrists, among others. Lee County, AL had 75 of these offices with paid employees in 2023, and 38 of them, just over half, had fewer than five (County Business Patterns). Their combined annual payroll came to $17.4 million that year (County Business Patterns).
By street address, ZIP Code Business Patterns lists 39 offices of other health practitioners with employees in ZIP 36830 for 2023.
Practitioners without employees are in Nonemployer Statistics: 315 establishments in the county for 2024. The industries page groups therapy offices with physician and dental offices, and the Auburn, AL page covers the other trades near the office.
By Hazelbridge Financial · Updated
