Chiropractors, physical therapists and other practitioners in Williston, North Dakota can use this page to match equipment, build-outs and billing gaps to funding types before Willowpeak Capital Group passes a request to funding partners.
At a glance
- Offices of other health practitioners, Williams County, ND
Chiropractic, therapy and other practitioner offices, Williams County, ND: 27 employer establishments, 129 paid employees (CBP 2023)
- Offices of other health practitioners, ZIP 58801
Other health practitioner offices with a ZIP 58801 address (Williston, ND area): 25 (ZBP 2023)
- Other health practitioners without paid employees, Williams County, ND
Practitioner offices without paid employees, Williams County, ND: 42 (Nonemployer Statistics 2024)
Chiropractic Business Loans: EHR Hardware and Billing Gaps
An EHR system needs hardware: workstations, tablets, a server or cloud setup, and scanners. That hardware is equipment, financeable over its useful life. The billing gap, the weeks between a visit and the insurer's payment, is a separate working capital question.
Offices of other health practitioners, the Census code that holds chiropractors, physical therapists, optometrists and others, had 27 employer establishments in Williams County, ND in 2023, with 129 paid employees and $8.2 million in annual payroll; 18 of the 27 had fewer than five employees (County Business Patterns).
Business Loans for Physical Therapy Business: Treatment Tables and Insurance Lags
A physical therapy business buying treatment tables, parallel bars and modalities has a clear equipment request. Insurance lags, the time between billing and payment, are a cash-flow question. A partner reading both will want the clinic's claims history and its payer mix.
Illustration only, invented figures: a clinic finances $24,000 of tables and modalities over 36 months at an annual rate of 13%: about $809 a month, $29,112 in total payments and $5,112 in interest.
Business Loans for Physical Therapy Practice: Imaging Units and a Clinic Build-Out
Imaging units and a clinic build-out are two of the larger purchases a therapy practice can make. Imaging is equipment with a resale market. The build-out, walls, plumbing, flooring and electrical, stays with the building and is priced on the practice's cash flow.
Illustration only, invented figures: a $140,000 build-out financed over 84 months at an annual rate of 11% would cost about $2,397 a month, $201,360 in total payments and $61,360 in interest.
Physical Therapy Loans: Therapy Equipment and a Second Location
A second location combines both: equipment for the new rooms and a build-out, plus wages paid before the new clinic covers its own costs. Partners will look closely at how the first clinic performs and at the lease for the second.
The zoning and building permits guide covers the City of Williston, ND pre-application meeting rule and when a building permit is needed for interior alterations.
Chiropractic Financing Options: Decompression Tables and Staff Hiring
A decompression table is a specialized piece of equipment with a dealer price; it can secure its own financing. Hiring a new associate or therapist is a payroll cost that comes before the new provider's visits are billed and paid. That belongs on working capital or a credit line.
Payroll at these offices averaged about $63,434 per paid employee in the county in 2023 by our arithmetic ($8.2 million across 129 employees, County Business Patterns). A new hire's first months of wages are a known, sizeable cost.
Other Health Practitioner Offices in Williams County, ND: The Census Figures
Beyond the 27 employer offices, Williams County, ND had 42 other health practitioner businesses without paid employees in 2024 (Nonemployer Statistics), a separate program. The broader ambulatory health care group, which includes physicians and dentists, had 56 employer establishments in 2023 (County Business Patterns).
Dentists and physician offices are below the count needed for their own page here; the equipment page covers them, and the industries page notes dental offices.
Claims Aging, Payer Mix and the Lease: What a Williston, ND Clinic Gathers
A clinic's request rests on how it gets paid. A claims aging report shows how long insurers take. The payer mix, the share of revenue from each insurer, Medicare, workers' compensation and cash patients, shows how steady that income is. The lease shows the clinic can stay where it is for the life of the financing.
- The clinic's business bank statements for the past three to six months
- The clinic's latest business return plus a current-year profit and loss
- A claims aging report
- The lease and any landlord approval for a build-out
- Equipment quotes or the contractor bid
A clinic adding a provider should also note the new hire's start date and expected visit count, since that is what the wages are set against. The article on what lenders look for covers the same file from the partner's side.
A practice that also treats workers' compensation patients can list those claims as their own line in the aging report, since a different payer handles them and a partner will want to see how long each payer takes.
By Willowpeak Capital Group · Updated
