All payment figures here are invented.
A therapy laser, a dynamometer compared at 36 and 60 months and speech therapy kits with an audiometer, each an invented example, plus a credit-line draw for brace stock. Counts cover offices of other health practitioners in Shelby County, TN and ZIP 38017.
At a glance
- Offices of other health practitioners, Shelby County, TN
337 employer establishments (CBP 2023)
- The same group under five employees, Shelby County, TN
178, or 52.8% (CBP 2023)
- Offices of other health practitioners with a ZIP 38017 address
29 (ZBP 2023)
- Example terms on this page
24 to 60 months and one 55-day line draw, all invented
A class IV therapy laser for a Collierville, TN chiropractic office
A class IV therapy laser is a cart-mounted unit that plugs into a standard outlet and moves between treatment rooms. It is equipment in the plain sense: the office can sell it or trade it in, and a funding partner may take it as security for the loan.
Illustration only, invented figures: a Collierville, TN chiropractic office finances a $26,800 laser over 48 months at an 11.4% annual rate. Each invented monthly payment is $697.88; the office pays $33,498.24 over the term, $6,698.24 of it as invented interest.
Training from the maker and the first year of service may be on the same quote. A partner may include them or leave them to the office’s cash or a working capital loan; a quote with each item on its own line makes that choice simple.
Replacing an isokinetic dynamometer at a Shelby County, TN physical therapy clinic: 36 or 60 months
An isokinetic dynamometer measures and trains muscle strength at a set speed, and a physical therapy clinic may use it for testing as well as treatment. When an older unit can no longer be serviced, the replacement is a large equipment purchase, and the term chosen changes both the payment and the total cost.
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 36 months | $1,364.82 | $49,133.52 | $7,233.52 |
| 60 months | $903.71 | $54,222.60 | $12,322.60 |
In this invented case, stretching the loan to 60 months cuts $461.11 from each payment, and the price of that is $5,089.08 more interest over the life of the loan. Equipment financing and a business term loan can both carry a unit like this, and a partner may offer more than one term.
Braces and orthotics on the shelf: an inventory draw for a Collierville, TN therapy office
A therapy office that fits patients with braces, supports and prefabricated orthotics keeps sizes on the shelf so a patient can leave with the item the same day. That stock is inventory: it is bought ahead and turns back into cash as items are dispensed and billed, which fits a credit line or inventory financing.
Invented example: the office draws $7,860 for a brace and orthotics order at a 13.75% annual rate and repays it after 55 days; the interest is about $162.85 in this invented case, worked as simple interest on a 365-day year.
Paying the draw down in parts as items are dispensed lowers the balance sooner and the interest with it. The supplier’s invoice and recent bank statements are the papers a partner may ask for first.
Assessment kits and a portable audiometer for a Collierville, TN speech therapy practice
A speech therapy practice uses standardized assessment kits to test language and articulation, and a portable audiometer to screen hearing before therapy starts. Adding a therapist can mean a second set of kits along with a second screener.
Invented figures: four assessment kits at $1,285 each ($5,140) and a portable audiometer at $2,450 make an invented $7,590. At 12.8% a year for two years, the practice pays an invented $360.13 a month, or $8,643.12 by the end, and $1,053.12 of that invented sum is interest rather than kits.
Kits and the audiometer are portable and can go with a therapist between rooms or sites. Test forms used up with each assessment are supplies, apart from the kits, and the practice can buy them as it goes.
Offices of other health practitioners in Shelby County, TN and ZIP 38017: counts, staff and payroll
Twenty-nine offices of other health practitioners, the Census group that takes in chiropractors and physical, occupational and speech therapists among others, had a ZIP 38017 address in 2023 (ZIP Code Business Patterns).
For Shelby County, TN, County Business Patterns counts 337 such offices with paid staff (NAICS 6213). A count of 178 of them, a 52.8% share, sat in the under-five-employee size class. Payroll for 2023 across all 337 came to $119.6 million, and the March pay period showed 2,369 people on staff, group totals rather than one office’s figures.
Nonemployer Statistics, a separate Census program, counted 1,325 offices of other health practitioners in Shelby County, TN with no paid employees for 2024. ZIP 38017 sector counts are on the Collierville, TN page, and the industries page groups therapy offices with physician and dental offices.
By Baydale Funding Group · Updated