When individuals choose a chiropractic practice one of the first things they consider is how comfortable does the office make them feel.
Many people dislike having to go to the doctor's or dentist office for checkups and for medical care and sometimes a chiropractor can fall in that category.
The initial environment one takes in when the visit occurs will either put the person at ease or make them feel worse about their situation while waiting to be seen by the physician or dentist or chiropractor.
Many chiropractors have a budget that allows them to purchase state of the art equipment such as lighting, office chairs, office decor, aquariums, music and stereo centers along with wi-fi areas and many new facets of medical office marketing such as digital signage which allows the patient to receive updates and a directory to office and bilingual services to make the medical office visit a more overall enjoyable experience.
All of the above items do come with a cost. Based on the annual expenditure budget of the chiropractic practice it may not be possible to purchase all of the items and add new and used equipment that is extremely necessary to give the best in patient care.
In some cases based on the length of time the practice has been open more than likely the chiropractor either owns the practice may be able work with a bank that they've had a relationship with over the years and borrow what is needed to upgrade the chiropractic office.
In cases where it is a new practice with at least 6 months in business, it is much more difficult to get a substantial loan due to the fact the practice does not have established credit.
Some alternative funding sources offer Medical Practice Loans that work with medical practices that have not established credit yet but will work with a medical facility with at least 6 months in business.
Once the chiropractic practice loan is procured it will go a long way toward helping the new medical practice bring in new patients and clients and in the long run cash flow will increase for the physician owner.
Ed Rogers has many years experience in alternative funding source lending. Ed has discussed on many occasions the benefits of Medical Practice Loans and the effect of receiving a loan in regards to improving the overall patient experience based on the medical office improvements made once a medical practice loan is procured. Small Business Loans Depot 919-771-4177.
