Clayridge Lending explains funding for chiropractic, physical therapy and optometry practices in Enid, OK and Garfield County, OK: chiropractic and optometry equipment financing, buying an existing practice, covering insurance lag, and what funding partners review, with county Census counts for these offices. Partners decide.
| Employer offices (2023) | 40 |
|---|---|
| Under five employees | 70.0% |
| Paid employees | 130 |
| Offices with no payroll (2024) | 86 |
| Options to compare | Equipment financing; term loans |
Small practices, specialized equipment
These offices tend to be small. In Garfield County, OK, 70.0% of offices of other health practitioners with employees had fewer than five people in 2023 (U.S. Census Bureau, County Business Patterns 2023). That makes each large purchase significant: an adjusting table, a decompression unit, therapy modalities, or an optometry exam lane with its retinal camera. Cash comes from a mix of insurance, which pays later, and cash-pay patients, who pay at the visit.
Chiropractic equipment financing
Tables, decompression systems, X-ray units and rehab equipment can be financed against themselves. Chiropractic equipment financing companies want a vendor quote with model numbers and, for used equipment, its age and condition. Leasing suits devices that are likely to be replaced as technology changes. Equipment financing and leasing explains the choice.
Optometry equipment
Exam lanes, phoropters, slit lamps, retinal cameras and edgers are typical optometry purchases, and frame inventory is a stock question rather than an equipment one.
Chiropractic business loans for other needs
| Need | Option | Note |
|---|---|---|
| Insurance lag on payroll | Working capital | Short, known gap |
| Adjusting tables, modalities, exam lanes | Equipment financing | Equipment secures it |
| Buying a practice or a second office | Term loan | Seller records reviewed |
| Frame inventory for an optometry office | Inventory financing | Stock-secured |
Optometry practice prices: the moving parts
There is no published local figure, and practice prices vary with patient base, equipment, lease and how much revenue depends on the selling doctor. What partners want to see when funding a purchase is the seller's tax returns and collections, an equipment list, the lease or real estate terms, and how many patients are likely to stay. Optometry business loans for a purchase can be term loans, sometimes combined with equipment financing.
How to open a chiropractic practice: what partners can and cannot fund
A brand-new practice with no deposit history is startup funding, which Clayridge does not arrange. An operating practitioner opening a second office, or buying out a practice where they already work, is different: partners can review the existing practice's history.
Illustrative example: decompression table
Illustrative arithmetic only. A chiropractic office buys a decompression system for $28,000. Financed over 48 months at $705 a month, the total repaid would be $33,840. If the office books 20 decompression visits a month at a cash price it sets itself, it can check whether those visits cover the $705 payment with room to spare before signing.
Moving into a larger space
A growing practice may need more treatment rooms, a rehab floor or a second optometry lane. A move combines build-out, which is a term-loan purpose, with new equipment, which can be financed against itself, and a period of disruption while patients follow the practice. Partners want the new lease, contractor bids, the equipment list and the practice's recent deposits. Keeping a cushion for the moving month matters more than squeezing the loan to the last dollar.
Care packages and prepaid plans
Practices that sell prepaid treatment packages collect cash up front for visits delivered later. That helps cash flow, but the visits are still owed: partners may read the deposits with that in mind.
Physical and occupational therapy clinics
Therapy clinics can share the chiropractic pattern of insurance billing and specialized equipment. Where a patient's plan of care runs for weeks, claims for that patient arrive over weeks, and payroll may be the largest cost. A line of credit drawn when authorizations or claims are delayed, and repaid as they clear, can match that rhythm; a fixed loan repays on a different shape. Rehab equipment such as parallel bars, treadmills and treatment tables can be financed against itself.
Garfield County, OK figures for these practices
Garfield County, OK had 40 offices of other health practitioners with employees in 2023 (chiropractors, physical, occupational and speech therapists, optometrists and others), employing 130 people with about $5.4 million in payroll (U.S. Census Bureau, County Business Patterns 2023). ZIP 73701 had 18 of them (U.S. Census Bureau, ZIP Code Business Patterns 2023). Separately, U.S. Census Bureau, Nonemployer Statistics 2024 counted 86 such practices with no payroll in 2024.
Physician practices are covered on funding for physician practices. Other health businesses are on the industry list; county figures are on Clayridge's Enid, OK numbers page.
By Clayridge Lending · Updated
