Hazelford Funding, a small-business funding service in Lebanon, Tennessee, helps chiropractors, physical and occupational therapists, optometrists and other practitioners in Wilson County, TN request equipment financing for tables, therapy and diagnostic equipment, working capital for payroll while insurer payments are pending, and term loans for new treatment space. Partners review the practice's collections and bank statements and decide.
| Chiropractic, therapy and eye-care offices, Wilson County, TN | 83 employers (NAICS 6213), CBP 2023 |
|---|---|
| Practitioner offices without payroll | 281 no-payroll firms in the 2024 NES file |
| Practitioner offices in ZIP 37087 | 26 on the ZIP 37087 roll, ZBP 2023 |
How practitioner offices earn and spend
Chiropractic, therapy and optometry practices share a structure. Revenue comes from a mix of patient payments and insurer reimbursement, and the insurer side arrives on its own timetable, sometimes weeks after the visit. Costs are steady: front-desk and clinical staff, rent, software and supplies. Then there is equipment, which is specialized, durable and expensive.
A new practice or a second location adds build-out costs before any patient walks in. Working capital for a chiropractic business usually covers the reimbursement lag; equipment financing covers the tables and machines.
Practitioner offices in Wilson County, TN
The Census groups chiropractors, physical, occupational and speech therapists, optometrists, podiatrists and other practitioners under NAICS 6213. Wilson County, TN had 83 of these employer offices in 2023, with 508 employees and $22.5 million in annual payroll; 56.6% had fewer than five employees (County Business Patterns 2023). ZIP 37087, the main Lebanon, TN ZIP, had 26 (ZIP Code Business Patterns 2023).
Many practitioners work solo. The county had 281 practitioner offices without payroll in 2024 (Nonemployer Statistics 2024), counted in a separate program and year and not added to the employer figure.
Chiropractic equipment financing
Adjusting tables, decompression units, X-ray and digital imaging, ultrasound and electrical stimulation units are typical requests. Partners look at the quote, the manufacturer and whether the equipment is new or refurbished. Imaging equipment may need its own installation and shielding costs, which can be included in the request if the quote lists them.
Optometry equipment financing
Optometry practices finance phoropters, slit lamps, retinal cameras, OCT units and edging equipment for in-house lenses. Optical frames and lenses held for sale are inventory rather than equipment, and can be a separate inventory request.
Physical therapy business loan options
Therapy practices often need open floor space, treatment tables, parallel bars, aquatic or exercise equipment and documentation software. A business loan for a physical therapy practice usually combines equipment financing for the gear with a term loan for the space. Working capital covers the months it takes for new patient volume and reimbursement to catch up.
Which funding shape fits which practice expense
| Need | Funding shape |
|---|---|
| Payroll while insurer payments are pending | Working capital |
| Tables, imaging, therapy or eye-care equipment | Equipment financing |
| New treatment rooms or a second location | Term loan |
| Recurring reimbursement gaps | Line of credit |
How the payer mix changes the request
Practices vary widely in how they are paid. A cash-pay chiropractic office with package plans collects much of its revenue up front and has a short cash cycle. A physical therapy clinic that bills insurers and Medicare waits on claims and authorizations, and its cash cycle is longer. Optometry splits between exam fees, vision plans and optical sales.
The request should say which kind of practice it is. Partners read a cash-pay practice's bank statements very differently from an insurance-heavy practice's collections report, and the funding shape follows from that: equipment financing for the cash-pay office adding a table, working capital or a line of credit for the clinic waiting on payers.
Space for a practice in Lebanon, TN
Therapy and chiropractic practices need treatment rooms, open exercise space, accessible entrances and sometimes reinforced floors for heavy equipment. Medical office space can also carry zoning and occupancy questions that a retail storefront does not. Before signing a lease or ordering a build-out, check the property against the Lebanon, TN zoning and permit checklist, and price the build-out with a written contractor quote so the term loan request carries a real number.
Working capital for a chiropractic business: what the ratios show
Offices of chiropractors, therapists and optometrists (NAICS 6213) in Wilson County, TN averaged about 6.1 employees and $44,276 of payroll per employee in 2023 (County Business Patterns 2023, our arithmetic). The county also counted 281 such practices without payroll in 2024, with $14.0 million in receipts, roughly $49,957 each (Nonemployer Statistics 2024, our division).
Small staffs make the claims calendar matter more. When a payer slows down, a six-person office feels it in the next payroll. Working capital for a chiropractic business should be sized from the gap between visits billed and claims paid, not from monthly revenue.
- Visits billed per week and the payer mix behind them.
- Average days to payment for the two or three largest payers.
- Cash-pay and membership revenue, which arrives at the visit.
- Payroll dates and the supply or rent bills due in the same window.
Business loans for chiropractors: what partners review
- Collections reports showing patient and insurer payments.
- Bank statements for the practice's last few months.
- Vendor quotes for tables or imaging, with any installation lines.
- The lease or build-out plan for new space.
- Existing practice loans or equipment leases.
Illustration only: a chiropractic office adds a decompression table quoted at $28,000 and expects it to support six additional visits a week. The request is clearer when it pairs the quote with the visit fee and the reimbursement timing, so the partner can see how the equipment supports its own payment. These figures are an example, not an offer.
Medical and dental practices have their own pages: medical practice funding and dental practice funding. Other trades are on the industries page, and county figures sit on the Lebanon, TN page.
