Chiropractic Working Capital Loan programs bring in cash flow.

There are times in the life of a chiropractic practice when decisions need to made in regards to the fact that if additional cash flow loan is needed, what is the best course of action to bring it in?

The practice can bring in cash flow by bringing in new clients or additional marketing which in order to be done correctly it can be expensive in some cases.

Overall, the decision to borrow the money can be somewhat nerve racking because in the business owners mind they then must still bring in cash flow after the money is received to pay for the loan which does cost to borrow.

For starters many chiropractors cringe at the thought of having to take the time away from business to try to procure funding.

Many do not like the perceived hassle that is associated with taking out a loan. Loan applications can take up quite a bit of time away from the office and one normally has to either set an appointment or wait at the bank to be seen, screened and then fill out paperwork regarding the loan which of course since money may be transacted if the loan closes the bank wants to ensure the potential lender is creditworthy

.

To avoid this process there are alternative lending sources that allow the chiropractor to fill out a simple 1 page application through a bank statement loan program which if the business owner has at least 6 months in business, the bank statement can serve as collateral.

Alternative funding sources do exist and are available that specialize in bank statement loans that allow the business owner to fill out an application in the comfort of his home or office.

In many cases the funds can be received in 7-10 working days. This is a big advantage to sitting in an office waiting to be seen and possibly over time there may be a denial.

Ed Rogers is a consultant with many years of experience in dealing with bank statement loans and has the ability to answer questions.

It is very important when dealing with any type of lender to check background and time in business. One should check former companies the alternative has loaned money to and check the references thoroughly.  We welcome the opportunity to work with chiropractors seeking alternative loan sources.

919-771-4177.