Offices of Chiropractors
621310
The Bank of Houston (MO)
This is the home page for the Bank of Houston. Get updates on our highlighted products and promotions and sign into eBanking from the top of the page.
Stellar Bank (TX)
Stellar Bank offers business and personal banking solutions. Stellar has the expertise, resources and commitment to out-service the big banks and out-bank the small banks. We are the bank and the bankers to help your business thrive.
St. Mary's CU (MA)
Over 100 years of local and trusted banking products and services for our community.
Shoreham Bank (RI)
Shoreham Bank offers Retail Banking, Mortgages, Home Equity Loans, Auto Loans, and much more. Providing our customers with convenience and reliable service since 1959.
Security State Bank & Trust (TX)
Peoples Bank (WA)
Peoples Bank is a Small Business Administration Preferred Lender with 30 years SBA Lending Experience. Small Business Loans tailored for you.
OptimumBank (FL)
OptimumBank - Traditional in-person banking for businesses and consumers in Florida. Locations in Fort Lauderdale, North Miami Beach and Deerfield Beach.
Northwest Bank (IA)
Merchants & Marine Bank (MS)
HomeTrust Bank (NC)
Highland Bank (MN)
Heritage Bank Inc (KY)
SBA Loans for Offices of Chiropractors: Financing Growth in Holistic Healthcare
Introduction
Chiropractic offices provide essential healthcare services focused on spinal adjustments, pain relief, and overall wellness. Classified under NAICS 621310 – Offices of Chiropractors, this industry includes independent chiropractors, group practices, and wellness centers. While demand for chiropractic care continues to rise, practice owners face financial challenges including equipment costs, payroll, insurance reimbursements, and marketing expenses.
This is where SBA Loans for Chiropractors provide valuable solutions. Backed by the U.S. Small Business Administration, SBA loans offer affordable financing with lower down payments, longer repayment terms, and government-backed guarantees. These loans help chiropractors invest in equipment, cover working capital, expand office space, and grow their patient base.
In this article, we’ll explore NAICS 621310, the financial challenges chiropractic practices face, how SBA loans provide solutions, and answers to frequently asked questions from chiropractic business owners.
Industry Overview: NAICS 621310
Offices of Chiropractors (NAICS 621310) primarily focus on diagnosing and treating neuromusculoskeletal disorders through manual adjustment and other holistic methods. Services typically include:
- Spinal manipulation and chiropractic adjustments
- Pain management for back, neck, and joints
- Sports injury rehabilitation
- Wellness and preventative care programs
- Complementary therapies (massage, physical therapy, nutrition counseling)
The industry is growing as patients seek alternatives to traditional medicine. However, chiropractors often face cash flow issues due to insurance reimbursement delays and rising operating costs.
Common Pain Points in Chiropractic Practice Financing
From Reddit’s r/Chiropractic, r/Healthcare, and Quora discussions, practice owners often highlight these challenges:
- High Equipment Costs – Adjustment tables, X-ray machines, therapy equipment, and rehab tools are expensive.
- Payroll & Staffing – Hiring assistants, massage therapists, or office managers increases overhead.
- Insurance Reimbursements – Payment delays from insurance providers can create cash flow shortages.
- Marketing & Patient Acquisition – Competing practices require ongoing investment in community outreach, websites, and digital advertising.
- Facility Expenses – Leasing or purchasing office space, especially in high-traffic areas, adds to fixed costs.
How SBA Loans Help Chiropractic Practices
SBA loans give chiropractors affordable capital to cover expenses, improve patient care, and expand their practices.
SBA 7(a) Loan
- Best for: Working capital, payroll, equipment, or debt refinancing.
- Loan size: Up to $5 million.
- Why it helps: Covers operational expenses, marketing campaigns, or technology investments like EHR systems.
SBA 504 Loan
- Best for: Real estate and large equipment purchases.
- Loan size: Up to $5.5 million.
- Why it helps: Ideal for buying or expanding office space or financing advanced chiropractic equipment.
SBA Microloans
- Best for: Small or startup practices.
- Loan size: Up to $50,000.
- Why it helps: Useful for startup costs, small equipment, or marketing to build a patient base.
SBA Disaster Loans
- Best for: Recovery from natural disasters or emergencies.
- Loan size: Up to $2 million.
- Why it helps: Provides relief to repair facilities, replace equipment, or cover lost income.
Step-by-Step Guide to Getting an SBA Loan
- Check Eligibility – Must be a U.S.-based, for-profit practice with good personal credit (typically 650+).
- Prepare Financial Documents – Tax returns, P&L statements, patient billing records, and reimbursement reports.
- Find an SBA-Approved Lender – Some lenders specialize in healthcare financing.
- Submit Application – Provide a business plan with patient demographics, revenue forecasts, and expansion goals.
- Underwriting & Approval – SBA guarantees reduce lender risk. Approvals typically take 30–90 days.
FAQ: SBA Loans for Chiropractic Offices
Why do banks often deny loans to chiropractors?
Banks view chiropractic offices as risky due to reimbursement delays and reliance on patient flow. SBA guarantees reduce this risk, improving approval chances.
Can SBA loans finance chiropractic equipment?
Yes. SBA 7(a) and 504 loans can cover adjustment tables, X-ray machines, therapy tools, and rehab equipment.
What down payment is required?
SBA loans usually require 10–20% down, compared to 25–30% with conventional loans.
Are startup chiropractic practices eligible?
Yes. With professional licensing, experience, and a strong business plan, startups can qualify for SBA financing.
What repayment terms are available?
- Working capital: Up to 7 years
- Equipment: Up to 10 years
- Real estate: Up to 25 years
Can SBA loans help expand into wellness services?
Absolutely. Many chiropractors use SBA loans to add massage therapy, nutrition counseling, or physical therapy to their practices.
Final Thoughts
The Offices of Chiropractors industry continues to grow as patients seek holistic and preventative care. SBA Loans for Chiropractic Practices provide the affordable, flexible financing needed to cover expenses, expand services, and compete in a busy healthcare market.
Whether you’re starting a new practice, upgrading equipment, or expanding into a larger clinic, SBA financing can provide the resources to succeed. Connect with an SBA-approved lender today and explore your options for funding growth in chiropractic care.
Filters
Tags
#Preferred Lenders Program
#SBA Express Program
#Existing or more than 2 years old
#Startup
#Loan Funds will Open Business
#Fixed Rates Startup
#Change of Ownership
#New Business or 2 years or less
#7a General
#Variable Rates
#Fixed Rates
#Standard Asset Base Working Capital Line of Credit (CAPLine)
#International Trade Loans
#Export Express
#7a with WCP
#Contract Loan Line of Credit (CAPLine)
#7a with EWCP
#Unanswered
#Preferred Lenders with WCP
#Preferred Lenders with EWCP
#Seasonal Line of Credit (CAPLine)