Tealford Business Capital in Houma, Louisiana helps Terrebonne Parish, Louisiana chiropractic, physical therapy and optometry practices request funding. The parish counted 56 offices of other health practitioners in 2023, 22 of them physical therapy offices. This page covers equipment, buy-ins, claims gaps, optometry practice loans and the records partners read.
At a glance
- Offices of other health practitioners, Terrebonne Parish, LA
56 (County Business Patterns 2023)
- Of which physical, occupational and speech therapy offices
22 (County Business Patterns 2023)
- Practices without paid employees
122 (Nonemployer Statistics 2024)
Chiropractic, Therapy and Optometry Offices Counted Together in the Parish Census
County Business Patterns counted 56 offices of other health practitioners in Terrebonne Parish, LA in 2023, with 252 employees and $10.8 million in payroll, about $42,687 per employee (our arithmetic); 67.9% had fewer than five employees (County Business Patterns 2023). That group holds chiropractors, optometrists, mental health practitioners and physical, occupational and speech therapists; 22 were therapy offices. The files used here do not publish separate chiropractic or optometry counts for the parish.
Nonemployer Statistics counted 122 such practices without payroll in 2024 (Nonemployer Statistics 2024). ZIP 70360 held 44 in the ZIP count (ZIP Code Business Patterns 2023).
Optometry Business Loans for Exam Lanes and Frames
An optometry office buys exam-lane equipment, retinal imaging and an optical lab, and stocks frames ahead of sales. Illustration only, invented figures: $58,000 of exam-lane and imaging equipment financed over 60 months at an invented 9.1% annual rate costs about $1,207 a month (our arithmetic). Frame inventory fits inventory financing or a line.
Chiropractic Financing: Costs Beside the Rate
- Total cost of each equipment loan or lease over its term.
- Soft costs such as installation and training, and whether they are funded.
- Whether the lien covers only the equipment or all practice assets.
- What any personal guarantee would cover.
- Prepayment terms if the practice is sold.
Optometry Practice Loans: Clauses to Check on a Purchase
Buying an optometry practice pays for its equipment, its frame stock and its patient records. Read whether the loan's lien reaches the patient records, how the frame inventory is valued at closing, and whether the seller stays on for a transition. Licensing and records-transfer rules belong with the state board and a lawyer.
Physical Therapy Loans, From Equipment Quote to Offer
- Get quotes for treatment tables, parallel bars, modalities and exercise equipment.
- Pull claims and collections reports and the payer mix.
- Gather the practice's returns and statements.
- Send the request with the total as the amount.
- Compare loan and lease offers on total cost.
Illustration only, invented figures: a therapy office billing $64,000 a month that waits an average of five weeks to collect has about $74,000 outstanding at any time (our arithmetic: $64,000 x 12 / 52 x 5), the gap a line of credit can carry.
Optometry Practice Financing Repaid From Collections
Illustration only, invented figures: an optometrist buys a $180,000 practice, brings $27,000 and finances the rest over 96 months at an invented 10.3% annual rate, roughly $2,346 each month (our arithmetic), paid from exam fees and optical sales. Partners read the seller's collections and the optical sales separately.
Chiropractic Business Loans: Tables and Digital X-Ray Worked Through
Illustration only, invented figures: a chiropractor buys 3 adjusting tables at $6,800 each and a $72,000 digital X-ray system, $92,400 in all, financed over 72 months at an invented 9.4% annual rate. Our arithmetic gives a monthly payment of about $1,684. The equipment secures the loan, and the office's deposits show whether visits carry the payment.
Equipment financing covers loans and leases in more depth.
Buy-Ins and Second Offices for a Chiropractic Practice
A chiropractor joining a practice as an owner, or opening a second office, needs a term loan read on the practice's records and the buyer's income history. A second office adds a lease, equipment and staff before its schedule fills, so partners read whether the first office can carry the added payments in the meantime.
Working Capital for a Therapy Office Waiting on Claims
Therapy and chiropractic offices bill insurers after each visit and wait for payment, while therapists and front-desk staff are paid every week or two. Health care and social assistance employed 6,336 people in Terrebonne Parish, LA in 2023, more than any other sector (County Business Patterns 2023), and the payroll in a small practice is the bill that cannot wait. A line of credit sized from collections covers the recurring wait; a one-time need, such as hiring a second therapist before the schedule fills, fits a short working capital loan.
Before requesting, list the weeks the gap lasts and the collections that close it, and pull the receivables aging that shows how payers have paid.
Optometry Equipment Financing and the Records Partners Read
- Practice tax returns and year-to-date statements.
- Claims, collections and payer-mix reports.
- Business bank statements.
- Equipment quotes, or a purchase or buy-in agreement.
- The office lease.
Term loans, working capital, the medical practice page and the Houma, LA page cover the rest.
By Tealford Business Capital · Updated