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Chiropractic Business Loans: Best Options To Consider in 2023

Traditional banks and credit unions view chiropractic care as “alternative medicine,” which makes them reluctant to provide funding. Thankfully, there are plenty of non-traditional lenders who offer financing to help you grow your practice.

Chiropractic Business Loans
Christi Gorbett
Written by:Christi Gorbett
Freelance Content Marketing Writer

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Alternative business lenders provide a wide range of financial products to growing chiropractic practices; whether you’re purchasing office space, upgrading your equipment, hiring new personnel, increasing your marketing efforts, or just covering everyday costs, there’s a loan out there for you. In this article, our experts look at some of the top chiropractic practice financing options and compare their features to help you find a loan that meets your needs.

Chiropractic Business Loans: Best Options for Chiropractors

Top Picks for Chiropractic Business Loans

  • Lendzi - Best for Businesses With High Revenue
  • Backd - Best for Cheapest Interest Rates
  • National Funding - Best for Chiropractic Equipment Financing
  • SMB Compass - Best for Flexible Loan Terms
  • Biz2Credit - Best for Starting a Chiropractic Practice
  • Bluevine - Best for Growing a Chiropractic Practice

When searching for chiropractic business loans, it’s important to sort through the various options and evaluate each one to find the financing that best meets your needs.

In this review, we highlight each the rates, fees and term of each lender and explain what makes them a good option. We also share potential downsides of each lender, and provide a rating methodology you can use to select the best option for your needs.


Chiropractic Business Loans: Best Options Overview

Best Overall
Lendzi logo

Lendzi - Best for Businesses With High Revenue

Factor Rate
Starting at 1.10
Loan Amounts
Up to $4 million
Min. Annual Revenue
Key Features
  • Borrow up to $4 million in working capital
  • Min. credit score: at least 500
  • Min. time in business: 6 months
  • Equipment financing up to $2 million
  • Business line of credit up to $250,000
  • See your options without hurting your credit
  • Flexible terms: 3 to 15 months
  • Excellent customer reviews on independent review sites
  • Get funding in as little as 24 hours
Pros & Cons
  • Bad credit accepted
  • Excellent customer satisfaction ratings
  • Competitive rates
  • Flexible terms
  • Fast funding times once approved
  • Annual revenue requirement may be high
  • Interest rates higher for those with poor credit
  • Phone calls required after applying

Lendzi offers small business loans and lines of credit to borrowers with high revenue that have been denied a loan elsewhere. Founded in 2020, the lender has since funded over $500 million to businesses just like yours. Lendzi understands that poor credit shouldn’t stand in the way of running your chiropractic business, so they’ve made it easier for you to get a loan and be on your way.


Main Features

Lendzi offers seven different types of small business loans that can be used for your chiropractic business. The three types that require the lowest credit score are the working capital loan, the merchant cash advance, and equipment financing. Working capital loans and merchant cash advances go up to $400,000 with terms of three to 15 months. Equipment financing goes up to $2 million with terms up to 84 months. Rates are competitive on all three products. To qualify, you need to be in business for at least six months and have an annual revenue of $180,000. If you come close to meeting these qualifications, we recommend you apply via their online application. This takes just a few minutes and will not impact your credit score. If approved, funds can be in your account within 24 hours.

Lendzi wants to see your business succeed even if you’ve struggled in the past. With so many lenders in their network and thousands of 5-star reviews, they are worth looking into if you have bad credit, have been denied a loan before, or simply want to get the best rate for your chiropractic loan.
Backd business loans

Backd - Best for Cheapest Interest Rates

Factor Rate
Starting at 1.10
Loan Amounts
Up to $2 million
Min. Annual Revenue
Key Features
  • Borrow up to $2 million
  • Min. Credit Score: 640
  • Min. Time in Business: 2 years
  • Industry best factor rate for MCA - as low as 1.10
  • APR for the Line of credit product starts at 35%
  • Flexible repayment terms up to 16 months
  • Get funding in as little as 24 hours
  • Check your rate with a soft credit pull
Pros & Cons
  • Easy online application
  • Fast lending decision and funding times
  • Large loan amounts up to $2 million
  • Flexible payment options
  • Must be in business for one year
  • Rates not disclosed
  • Minimum credit score not disclosed

Backd was founded in 2018 and is headquartered in Austin, Texas. They offer both working capital loans and business lines of credit to chiropractic businesses. Since their opening, they’ve funded over $1 billion to more than 10,000 small businesses, many of which have been turned down by traditional banks and lenders.


Main Features

Backd working capital loans range from $10,000 to $2 million with terms up to 16 months. Payments are made daily, weekly, or semi-monthly. Backd business lines of credit range from $10,000 to $750,000 with unlimited terms. With a line of credit, you use the amount you need up to your credit limit, pay the funds back, and use them again if needed. Neither option requires collateral to qualify.

To receive funding from Backd, you must be in business for at least two years, have $200,000 or more in annual revenues, and 640 or higher FICO score. The higher your score, the more competitive your interest rate will be.

Backd is our top pick for chiropractic businesses that need a large loan amount in a short amount of time. Applying takes just a few minutes and you’ll receive a lending decision almost instantly

National Funding - Best for Chiropractic Equipment Financing

Factor Rate
Starting at 1.10
Loan Amounts
Up to $500K
Min. Annual Revenue
Key Features
  • Min. Time in Business: 6 months
  • Min. Credit Score 600
  • Borrow up to $500,000 in working capital
  • Equipment financing up to $150,000
  • Factor rate From 1.10
  • Fast funding
  • Early payment discounts
  • Equipment financing repayment 2-5 years
  • Working capital repayment 4 months - 2 years
Pros & Cons
  • Borrowers with poor credit can apply
  • Easy application process with minimal paperwork
  • Fast funding in as little as one business day
  • Long repayment terms from two to five years
  • Relatively low maximum loan amount
  • Interest rates not publicly available
  • Additional fee schedules not disclosed

Equipment financing through National Funding is a great option if you need to buy new equipment for your growing chiropractic practice. With their lengthy repayment terms, these loans allow you to buy the equipment you need to care for your patients and spread payments out over several years to make the purchase more affordable.


Main Features

National Funding offers loans specifically designed for equipment financing and leasing. Loans can be taken out in any amount up to $150,000 and borrowers are given between two to five years to make repayment. Interest rates for these loans are not published online so check with the lender for more information.

Qualification requirements for these loans are fairly lenient; you only need a personal credit score of 500 to apply. Also, your chiropractic practice should be in operation for at least 12 months and earn $100,000 or more in annual revenue.

National Funding’s equipment loans are the perfect solution if you need new equipment for your practice, but you don’t have the funds on hand to make the purchase. While any chiropractor can take out these loans, they’re especially helpful to those who require equipment financing but are having trouble getting approved for a loan due to poor credit.
SMB Compass

SMB Compass - Best for Flexible Loan Terms

Interest Rates
Starting at 7.99%
Loan Amounts
$10K - $10 million
Min. Monthly Revenue
Key Features
  • Loans up to $10 million
  • Min. credit score: can go as low as 550 for certain loans
  • Min. time in business: 1+ years in business, no startups
  • Funding times: 5 to 7 days for term loans and 24 - 48 hours for line of credit
  • Flexible terms: 2 – 10 years for term loans
  • Interest Rates: starting at 8.99% for term loans
  • Applying does not impact credit score
  • Nine loan products to choose from
Pros & Cons
  • Low, competitive rates
  • Large loan amounts
  • Loan terms up to 25 years
  • Excellent customer service
  • Poor credit not accepted
  • Not available in all states
  • Must be in business at least one year
  • High revenue requirements

Whether your chiropractic business needs to cover working capital expenses, is looking to acquire another business, or needs to pay off some existing debt, SMB Compass can help you secure the funding you need with competitive rates, flexible repayment terms, and large loan amounts. With so many different loan products, including business lines of credit, business term loans, asset-based loans, SBA loans, and more, SMB Compass is guaranteed to have a loan for your chiropractic business. Qualifications fall on the stricter side, with a minimum credit score of 650 or higher, business revenue of $20,000 per month or more, and at least one year of business history.

Main Features

SMB Compass offers nine different types of small business chiropractic loans to borrowers. Their mission is to make loans more accessible to small business borrowers by providing cost-effective and flexible lending solutions. SMB Compass business loans range from $10,000 to $10 million with terms up to 25 years. Rates start at 7.99% for qualified borrowers. The lender has currently provided more than 1,200 U.S. businesses with more than $250 million in financing. To apply, simply fill out their easy online application. It takes just a few minutes and will not impact your credit score. If approved, funding can be dispersed within 24 hours.

If you meet the stricter requirements of SMB Compass, it can be well worth your time to use this lender for your chiropractic business loan. Rates are competitive, terms are flexible (up to 25 years on certain products), and customer service is excellent. A representative would be happy to assist you throughout the process, so contact SMB Compass today to get started!
biz2credit review

Biz2Credit - Best for Starting a Chiropractic Practice

Interest rates
Starting at 7.99%
Loan Amounts
$25K to $500K
Min. Annual Revenue
Key Features
  • Working capital up to $2 million
  • Term loans up to $500,000
  • Term loan interest rate starts at 7.99%
  • Loan Repayment 12-36 months terms
  • Variable APR depending on the applicant
  • Funding in 72 hours
  • Soft credit pull
Pros & Cons
  • Easy application process
  • High limit on loan amount, up to $6 million
  • Funds disbursed quickly
  • Long repayment period
  • High interest rates
  • Rigid business qualifications
  • Loan origination fees assessed

Biz2Credit’s commercial real estate loans are a good match for a successful chiropractor who’s looking to purchase new office space or renovate their current building. Borrowers can take out up to $6 million with repayment required between one to three years. Qualifying may be difficult, however; you need to be in practice for at least 18 months earning $250,000 annually to be approved.


Main Features

Biz2Credit offers commercial real estate loans to help chiropractors build their practices. These loans can be taken out in amounts ranging from $250,000 to $6 million dollars and can be used to purchase office space, make renovations, or expand your current office. Interest rates typically start at 10% with repayment terms between one and three years. Loan origination fees between 1% and 6% may also be charged.

The requirements for loan approval are quite stringent; you need to be in business for at least 18 months earning a minimum of $250,000 annually to qualify. It’s also recommended that your personal credit score be 660 or higher.

A commercial real estate loan through Biz2Credit is an excellent option for an experienced chiropractor who’s looking to expand their practice by renovating their office space or purchasing a new one. Business requirements for loan approval are rigorous, so only high-earning chiropractors should apply.

Bluevine - Best for Growing a Chiropractic Practice

Interest rates
Starting at 6.2%
Loan Amounts
Up to $250K
Min. Annual Revenue
Key Features
  • Funding up to $250,000
  • Min. credit score: 625
  • Min. time in business: 6 months
  • Interest rates as low as 4.8%
  • Loan Repayment 6-12 months terms
  • Quick and simple application
Pros & Cons
  • Simple, straightforward application process
  • Flexible line of spending up to $250,000
  • Fast loan approval and disbursement
  • Funds can be used for any purpose
  • Good credit not required for loan approval
  • Borrowers with low credit scores pay high APRs
  • BlueVine not available in Nevada, North and South Dakota
  • Limited repayment terms (either six or 12 months)

Running a successful chiropractic practice requires access to working capital. You need funds on hand to pay for expenses like touching up the paint in your waiting room, redoing your website, and replacing a broken computer. That’s where BlueVine steps in; with BlueVine’s business line of credit, you can draw funds in any amount up to your credit limit and only pay interest on what you borrow.


Main Features

BlueVine offers a business line of credit to chiropractic practices that need flexible financing options. The maximum amount could be anywhere from $5,000 to $250,000, depending on your needs and qualifications. You can draw as much or as little as you’d like for any valid business expenses. Interest rates vary based on repayment terms but range between 0.30% and 1.50% per week with six-month repayment terms and 1.5% to 6.50% per month for loans with 12-month repayment terms. Loan origination fees may also apply.

The qualifications for a business line of credit through BlueVine are pretty standard—your chiropractic practice must be operational for at least six months earning $10,000 per month to qualify. It’s also required that the business owner have a personal credit score of 600 or higher.

A credit line through BlueVine is a great choice for chiropractors who want access to a flexible line of spending to cover business-related costs. Funds can be used for any expense but must be paid back within six to 12 months, making them the ideal option to solve temporary cash flow problems.

Main Features of The Best Chiropractic Business Loans

National Funding4.1
  • Min. Credit Score - 500
  • Min. Time in Business - 6 months
  • Min. Annual Revenue - $180,000
  • Loan Amount - Up to $2 million
  • Interest Rate - 3.49% and up

How to Choose the Best Chiropractic Businesses Loan

  • Loan Features: The first criteria you should consider are the loan features, including loan terms, repayment optionality, and loan amounts. Chiropractic equipment can be expensive, so you may need to seek out financing with high maximum amounts and lengthy repayment terms to make monthly loan payments more affordable.
  • Application Process: You should also take into account how difficult the application process is. You’re busy running your chiropractic practice, so you may not have a lot of time to spend on completing applications, gathering documents, and waiting for disbursement. With a bit of research up front, you can find lenders that offer streamlined applications to save you time and effort.
  • Interest Rates and Fees: Also look for lenders that offer competitive interest rates and few additional fees. If you take out chiropractic practice financing with a high interest rate and maintenance fees, you’ll end up with exorbitant monthly payments; it’s better to shop around and find loans with lower fees and APRs.
  • Qualification Process: It’s also vital that you check loan qualifications, including minimum credit score, annual revenue, and business history requirements. Lenders don’t tend to offer any leeway with these requirements, so you’ll need to make sure you meet them before submitting your loan application.
  • Customer Support: Another important consideration is the accessibility of a lender’s customer service team. You’ll likely need help at some point, so be sure the lender provides multi-channel support including access to a live CSR so you can get assistance when you need it.
  • Online User reviews: Find out what other borrowers have to say about any lender you’re considering. Check independent review sites like Trustpilot to see if the lender is reputable, trustworthy, and easy to reach—you don’t want to get stuck repaying a loan to a company that’s frustrating to work with.
  • Perks and Bonuses: Other perks and bonuses like payment flexibility, advertising transparency, and advanced technology should also be taken into account. For example, if you want to find the best APRs, select a lender who clearly advertises their rates upfront.


What Are the Costs of Running a Chiropractic Business?

The first step toward starting your own practice is to create a chiropractic business plan that provides details on expected costs. Here are a few of the most common expenses you’ll need to include:

  • Office Space: The first cost you’ll need to factor into your estimates is office space. This can run you anywhere from $1,500 to $10,000 per month, depending on the size of your office, its location, and whether you’re leasing or buying.
  • Building Improvements and Remodeling: Once you’ve acquired your office space, you’ll likely need to do a bit of remodeling to make sure it meets your needs. This includes creating a comfortable waiting area with inviting décor, adding a fresh coat of paint, and replacing old flooring.
  • Equipment: If you want to make your patients feel well, you’ll need a variety of equipment to do so. Make a detailed list of all the equipment you require—such as chiropractic tables, cold lasers, and electronic muscle stimulation tools—then shop around to learn exactly how much they’ll cost; you could spend between $10,000 and $30,000 or more purchasing the latest equipment. Note that you should also acquire equipment breakdown coverage 
  • Business Licenses and Insurance: Don’t forget to add in the cost of acquiring your business license and insurance; this may run you several thousand dollars.
  • Personnel: It’s important to hire knowledgeable professionals you can trust to staff your chiropractic office. Of course, finding, hiring, training, and retaining the best personnel costs money; you should expect to spend between $4,000 and $7,000 per month for each employee, depending on their position, years of experience, and the local cost of living.
  • Marketing: As you’re setting up your chiropractic office, don’t forget to invest money into marketing, including business signage, a professional website, direct mail campaigns, social media advertisements, networking membership fees, and business cards. A thorough marketing system will cost you several thousand dollars.
  • Office Equipment: You’ll need to make sure your office has everything it needs to operate successfully. This includes desks, chairs, computers, printers, a telephone system, cleaning supplies, and software to track patients, billing, payroll, employee records, etc.
  • Inventory: Your office may choose to sell products to patients, such as supplements, supportive mattresses, cervical support pillows, and orthopedic bracing. If so, you’ll need to calculate the cost of acquiring inventory, which could run anywhere from $1,500 to $7,500, depending on the products you choose and how many you keep in stock.

Keep in mind, this is just an overview; your chiropractic business plan should include a more detailed breakdown of anticipated costs.


Types of Loans Available to Chiropractors

There are various types of chiropractic business loans available on the market. Some of the most common are:

  • Equipment Financing: Outfitting your chiropractic office with all the necessary equipment can be expensive, but the terms for equipment loans are long, which helps spread the payments out over several years.
  • Business Line of Credit: A business line of credit is a flexible spending account that you can access any time you need capital. These are great to pay for unexpected expenses like replacing broken equipment or to solve temporary cash flow problems.
  • Chiropractic Practice Acquisition Loans: The purpose of chiropractic practice acquisition loans is to provide you with the capital you need to purchase an already-existing practice. Loan limits for these loans are typically high with extended repayment terms.
  • Commercial Real Estate Loans: Commercial real estate loans are ideal if you’re purchasing property to build your own chiropractic practice. You can expect high loan limits and long payment terms with these loans, which is good news considering the high cost of office space.
  • Business Expansion Loans: The intended purpose of a business expansion loan is to help you grow your practice. These funds can be used in practically any way that helps you achieve that aim, including remodeling your office, hiring additional employees, upgrading your equipment, and marketing your services.


How to Use Chiropractic Business Loans?

Chiropractic business loans can be used in many different ways. Here are just a few suggestions:

  • To Move or Expand: Financing is often used by chiropractors who have been in practice for a few years but want to move to a new building or expand their current office.
  • To Acquire Cutting-Edge Equipment: Maybe you weren’t able to afford the latest equipment when you first started your practice, but now you want to upgrade. Many lenders offer options that allow you to purchase the equipment necessary to keep your business thriving.
  • To Update Your Office: Loans are often used when chiropractors have been in their current office a while and they need to upgrade its interior.
  • To Cover Occasional Expenses: Loans don’t have to be used for major purchases or upgrades; they can also be used to cover any day-to-day expenses you may incur as you run your practice.
  • To Grow Your Practice: Additional capital also comes in handy when you’re ready to grow your practice. For example, you can use funds to hire a marketing firm, bring on more personnel, or offer new products or services.


How to Qualify for a Chiropractic Business Loan?

While there’s never a guarantee that you’ll qualify for a loan, there are certain steps you can take to improve your chances of approval, such as:

  • Build and Maintain a Good Credit Score: One of the most important qualifications—and the requirement that often prevents borrowers from getting financing—is your personal credit score. Make sure to make monthly payments on time, reduce your debt load, and avoid bankruptcy to improve your credit score and increase the likelihood of loan approval.
  • Check the Lender’s Qualifications: No two lenders are alike; each one has its own unique set of qualifications. Check with each lender you’re considering to make sure you meet the requirements before applying.
  • Have or Create a Solid Business Plan: Many lenders will want to see that you’ve carefully considered how to build your business before offering you a loan; you can do this by drawing up a detailed chiropractic business plan.
  • Gather the Necessary Financial Documents: You’ll need to provide financial documentation to secure a loan. The number and type of documents will vary by lender, but you should at least have bank statements, a cash flow statement, a list of business assets, and tax returns for the past several years.
  • Apply to Loans Selectively: It’s important to be selective when applying for loans; don’t waste your time filling out an application if you don’t match the requirements or the loan doesn’t meet your needs. Doing so will increase your chances of approval.


How to Apply for a Chiropractic Business Loan?

Applying for a chiropractic business loan may seem daunting, but it doesn’t have to be difficult. All you need to do is:

  • Decide on Your Desired Loan Amount and Purpose: The first step is to define what you’ll be using the loan for and how much you need. For example, do you need $25,000 to purchase new equipment for your practice or $750,000 to finance new office space?
  • Evaluate Your Options: Once you know your desired loan amount and purpose, you can start looking through the various options on the market and comparing their features.
  • Choose a Lender: After evaluating different lenders, you should be able to eliminate those that don’t meet your needs and focus on one or two preferred lenders.
  • Start Your Application: Many lenders make the application process as easy as possible; to get started, all you’ll need to do is provide some basic information about you and your chiropractic practice.
  • Supply Financial Documentation: Depending on the lender, you may also need to provide supporting documentation, such as bank records, tax returns, and cash flow statements.
  • Wait for Approval: Once you’ve completed the application and uploaded your supporting documents, all you have to do is wait. Many lenders—especially alternative lenders—can provide you with an answer almost immediately; that’s one of the benefits of working with an online lender versus a traditional bank.
  • Sign Documents and Receive Funds: After you’ve been approved, all you need to do is sign the loan documents and funds will be deposited into your account.



As a chiropractor, your primary focus is on healing people and helping them to live pain-free lives. But to do that, you need access to capital to keep your business running. Unfortunately, it can be difficult to secure financing through traditional institutions because they view chiropractic care as alternative medicine. The good news is there’s a wide range of chiropractic business loans available through alternative lenders to provide the funding you need. All you need to do is research your options and find the loan that best meets your requirements.

About the Author

Christi Gorbett

Christi Gorbett

Freelance Content Marketing Writer

Freelance Content Marketing Writer specializing in finance, personal development, education, marketing, web development, food & beverage manufacturing, pet, and contracting/home improvement niches.

More about me

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