Tealford Business Capital in Houma, Louisiana helps Terrebonne Parish, Louisiana physician practices request funding. The parish counted 67 offices of physicians in 2023, and health care carried the largest payroll of any sector. This page covers medical practice loans, physician practice and business loans, clinic and office loans, doctor buy-ins and the records partners read.
At a glance
- Offices of physicians, Terrebonne Parish, LA
67 (County Business Patterns 2023)
- Physician office employees
1,084 (County Business Patterns 2023)
- Health care payroll, the largest of any sector
$362.2 million (County Business Patterns 2023)
Medical Practice Loan Requests in Terrebonne Parish, LA: The Practice Count
County Business Patterns counted 67 offices of physicians in Terrebonne Parish, LA in 2023, with 1,084 employees and $104.2 million in annual payroll; 40.3% had fewer than five employees (County Business Patterns 2023). Of those, 66 were physician offices other than mental health specialists. Health care and social assistance as a whole carried $362.2 million in payroll, the largest of any parish sector, and employed 6,336 people, also the most of any sector.
Nonemployer Statistics counted 65 physician practices without payroll in 2024 (Nonemployer Statistics 2024). ZIP 70360, which holds Tealford's office, had 210 health care and social assistance establishments in 2023 (ZIP Code Business Patterns 2023).
Physician Practice Loans: Comparing Offers on More Than the Rate
- Total cost over the term, all fees included.
- What secures the loan: the devices, the receivables, or a lien on everything.
- What any personal guarantee from each physician-owner would cover.
- Prepayment terms if a partner buy-out is planned.
- Covenants such as minimum cash balances.
Physician practices with steady insurer payments can attract term offers from banks and specialty health care funders; equipment funders read the device itself. Comparing all three on total cost is the fair test.
Medical Business Loans: What Insurers' Payment Timing Means
A practice bills insurers and patients after the visit, and payment arrives weeks later. Illustration only, invented figures: a practice billing $118,000 a month that waits an average of 1.5 months to collect has about $177,000 out at any time (our arithmetic). That is the gap a line of credit or receivables-based funding is built for.
A partner reads the practice's accounts receivable aging and payer mix to see how reliable those payments are.
Medical Clinic Loans, From Quote to Funding
- Get the vendor's quote, with installation and training listed.
- Decide which purchases carry equipment financing and which need a term loan.
- Gather statements, returns and the receivables aging.
- Send the request with the total as the amount.
- Read each offer for total cost, security and guarantees.
Build-outs for a new clinic mix construction costs with equipment, so splitting the two can give the equipment its own security.
Doctor Practice Loan for a Buy-In: How the Payment Is Carried
Illustration only, invented figures: a physician buys a $240,000 share of a Houma, LA practice, brings $36,000 and finances the rest over 120 months at an invented 10.1% annual rate. That puts the monthly payment near $2,707 (our arithmetic), paid from the physician's share of practice income.
Partners read the practice's returns and the buying physician's credit and income history. The medical practice article works through a purchase step by step.
Medical Office Loans for Ultrasound and Lab Equipment
Illustration only, invented figures: a family practice buys a $42,000 portable ultrasound unit, financed in full over 60 months at an invented 8.9% annual rate, about $870 each month (our arithmetic). A $68,000 chemistry analyzer with $6,800 down, financed over 72 months at an invented 9.2% annual rate, adds about $1,109 a month.
Both units can secure their own financing. A lease can make sense for devices that may be replaced as technology changes; read the end-of-term options before choosing.
Working Capital for a Practice Adding a Provider
A practice that hires a new physician or nurse practitioner pays a salary from the first week, while the new provider's visits take time to fill and the claims take time to pay. A working capital loan or a line sized to the months before the new schedule fills covers that gap. Partners read the practice's current collections and the hiring plan, so a request that names the start date and the expected ramp gives them something concrete.
Home Health and Other Clinics Near the Physician Offices
Terrebonne Parish, LA also counted 10 home health care employers and 56 offices of other health practitioners in 2023 (County Business Patterns 2023). Home health agencies fund vehicles and payroll while claims are paid; therapy and chiropractic offices fund treatment equipment. The chiropractic and therapy page covers them.
Physician Business Loans: The Records Partners Ask For
- Recent tax returns for the practice and for each owner.
- Year-to-date profit and loss and balance sheet.
- Accounts receivable aging and payer mix.
- Business bank statements.
- Equipment quotes or a buy-in agreement.
Equipment financing, term loans, working capital and the Houma, LA page cover the rest.
A longer walkthrough covers getting a business loan for a medical practice, from a new ultrasound unit to a partner buy-in.
By Tealford Business Capital · Updated