Crownwick Advances, a small-business funding service in Lancaster, PA, arranges funding for chiropractors, physical, occupational and speech therapists, optometrists and similar practices: equipment financing for tables, rehab and exam equipment, term loans for build-outs, and working capital. Lancaster County, PA had 294 such practices with employees in 2023.
| Other health practitioner offices, county | 294 (CBP 2023) |
|---|---|
| Employees | 2,035 |
| Annual payroll | About $92.7 million |
| Under five employees | 168, or 57.1% |
| In ZIP 17602 | 23 employers (ZBP 2023) |
| Without payroll, county | 848 (NES 2024) |
Who is in this group
The Census code for offices of other health practitioners covers chiropractors, optometrists, physical, occupational and speech therapists, podiatrists, and mental health practitioners who are not physicians. They share a business model: smaller teams than a physician practice, specialized but moderately priced equipment, and revenue that mixes insurance claims, self-pay visits and, in some practices, prepaid care plans or retail sales such as eyewear.
Lancaster County, PA practices in the Census counts
Lancaster County had 294 offices of other health practitioners with employees in 2023, employing 2,035 people with about $92.7 million in annual payroll (County Business Patterns 2023). By our arithmetic that is about seven employees per practice, and 168, or 57.1%, had fewer than five, more than twice the small-office share among physician practices (24.8%). ZIP 17602 had 23.
Separately, 848 practitioners in this group operated without payroll in 2024, with about $34.5 million in receipts (Nonemployer Statistics 2024). Different program, different year; not added.
Tables, rehab gear and exam-lane equipment
Adjusting and decompression tables, X-ray, rehab and exercise equipment, ultrasound and electrical stimulation units, and for optometrists, phoropters, retinal cameras, slit lamps and edging equipment, are all financeable with the equipment as collateral. Refurbished equipment can be financed and may shorten the term. See equipment financing for the options and the payment calculator for an estimate.
Optometry: lanes, frames and the dispensary
Optometry practices carry two capital needs at once: exam-lane equipment and an optical dispensary with frame inventory. Lane equipment fits equipment financing; frame stock can be funded with inventory financing or a line of credit; the dispensary build-out suits a term loan. Therapy and chiropractic practices adding treatment rooms or moving to larger space can use a term loan for the fit-out.
Practice needs and the funding usually discussed
| Need | Usually discussed |
|---|---|
| Tables, rehab, imaging or exam-lane equipment | Equipment financing |
| Treatment-room build-out or relocation | Term loan |
| Wages during the claims wait | Working capital |
| Frame or retail inventory | Inventory financing |
A hypothetical therapy clinic expansion
Illustration only, not an offer: a physical therapy clinic with five clinicians takes the adjoining suite. The build-out is estimated at $42,000 and new treatment tables, parallel bars and modalities at $19,500. A term loan for the build-out and equipment financing for the $19,500 keeps each payment tied to the life of what it buys; the clinic can test both payments against its recent deposits before applying.
Business loans for physical therapy and chiropractic: what partners review
- Bank statements and the split between insurance and self-pay receipts
- Receivables aging and claim timing
- The equipment quote or build-out estimate
- Lease length remaining
- Licenses held by the practitioners and the ownership structure
- Personal credit of the owners
Physician and dental practices share many of these questions; see medical and dental practices. County data is on the Lancaster, PA data page.
By Crownwick Advances · Updated
