Purchasing an chiropractic practice is possibly one of the largest and best investments you can make in your career. By purchasing a chiropractic practice you will be able to eliminate all the hassles of a start-up where financing is very limited and be able to own your own practice. ProMed Financial can provide up to 90% financing for the purchase, inventory and working capital.
- Loans must be $350K or larger as they are backed by the SBA
- Chiro Practice must be generating over $600K in collections
- Credit score over 680 with no prior short sales, foreclosures, or BKs
Many doctors mistakenly believe they are ineligible for chiropractic practice financing because their current income would not be able to support the loan. This misconception discourages many chiropractic professionals from acquiring a practice, when in reality, a chiropractic practice acquisition loan is financed based on the cash flow of the purchasing practice, not the assets or income of the buyer. Depending on the size of the practice and/or specialty, a certain level of experience might be necessary. But essentially, the most important factor for a buyer is to show a responsible credit history. If you have faced financial issues in the past ProMed can still help and will guide you through every step of the process.
- Competitive Terms 10 years – Keeps Payments Affordable & Low
- Customized Payment Schedules
- Financing of Closing Cost
We help simplify the complexity of chiropractic practice financing with a loans that is flexible and tailored to the unique needs for you as practitioner. Each agent, and underwriter has been trained on common chiropractic practice loan operations thereby eliminating the learning curve (unlike many non-specialty finance institutions). We help you analyze your chiropractic practice purchase including the location, customer base, fee structure and more.
We work with you as partner and express our knowledge and opinions on your chiropractic practice acquisition. This caring mentality has awarded us generations of success and repeat business. ProMed Financial’s roots are in chiropractic practice financing and sales. Our chiropractic practice loan department has decades of proven analytical models to help the chiropractic practice financing underwriters understand your chiropractic practice acquisition financing needs. Our goal is to establish a working relationship with our buyers and help them throughout their careers – from their first chiropractic practice purchase and to retirement. Call us today to speak to a personable agent that will be able to guide you on your chiropractic practice purchase at no cost to you. Don’t forget to visit our practice sales division for the latest practice listings.
How To Get Started
Our consultations are free and of no obligation for you. If you’re interested in speaking to one of our seasoned chiropractic practice financing agents, please inquire on the right or call our toll-free number (888) 277-6633. We can help you get pre-qualified for any practice you are interested in purchasing. We will be glad to help you answer any questions you have about Chiropractic Practice Acquisition Financing or other financing options.