The request goes from Ashmont Advances to funding partners, and the partner behind any offer decides its rate and term.
One invented laser therapy unit is worked twice for a Thomasville, GA chiropractic office: on a 48-month equipment schedule after a trade-in credit, and on a 36-month term loan. A cable column, parallel bars and a treadmill follow on a 30-month schedule. Walls, flooring and plumbing stay outside this site as property work. The counts are 2023 Census figures.
At a glance
- Offices of other health practitioners, Thomas County, GA
33 (CBP 2023)
- Paid employees at those offices
153 (CBP 2023)
- Offices with fewer than five employees
24 of 33 (CBP 2023)
- Offices of other health practitioners, ZIP 31792
24 (ZBP 2023)
Offices of other health practitioners in Thomas County, GA: the 2023 count behind this page
Chiropractors, physical therapists, optometrists and other practitioners share one Census group, offices of other health practitioners. County Business Patterns put it at 33 employer establishments in Thomas County, GA in 2023, with $8.7 million in annual payroll. Nearly three in four of them, 24 of the 33, had fewer than five employees.
ZIP Code Business Patterns put 24 offices of other health practitioners at ZIP 31792 addresses in 2023.
Practitioners working with no paid staff show up elsewhere, in Nonemployer Statistics, which listed 81 such offices in the county for 2024.
In an office that small, one equipment payment sits beside rent and wages as a fixed monthly bill, so the term decides how heavy that bill is. The cases below price the same unit two ways for that reason.
Replacing a laser therapy unit at a Thomas County, GA chiropractic office with a trade-in credit
In an invented example, a chiropractic office in Thomasville, GA replaces its laser therapy unit. The new unit is priced at $24,865 in this invented case, and the vendor allows a $3,275 trade-in credit for the old one, so $21,590 is financed. Spread over 48 months on an equipment schedule at a 10.95% annual rate, the invented unit costs $557.48 a month; the 48 payments come to $26,759.04, of which $5,169.04 is interest.
In this invented example, the office keeps its cash for payroll and rent and pays for the unit while it is in use. The trade-in lowers the financed amount, so it belongs in writing on the vendor quote before the request goes in. Had the vendor paid the credit as a check instead, the office would hold it as cash; on the quote, it lowers every one of the 48 invented payments.
A partner may ask for the quote, the trade-in terms and recent bank statements. The term a partner offers is the partner's decision and appears in any offer.
Term loan or equipment financing for the same laser unit: 36 months against 48
Put the same $21,590 on a 36-month term loan at a 12.35% annual rate, and the invented payment rises to $720.71, $163.23 more each month than the 48-month schedule. The 36 invented payments total $25,945.56, so interest is $4,355.56: $813.48 less than on the longer schedule.
| Schedule | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| Equipment financing, 48 months, 10.95% annual rate | $557.48 | $26,759.04 | $5,169.04 |
| Term loan, 36 months, 12.35% annual rate | $720.71 | $25,945.56 | $4,355.56 |
In this invented example, the shorter loan costs less in total even at the higher rate, but it asks for more each month. An office that wants the smaller monthly bill takes the longer schedule and pays more interest for it. Hi-lo and traction tables for added early hours get their own invented schedule in a post for busier practices.
Exercise stations for a Thomasville, GA therapy practice: a cable column, parallel bars and a treadmill
In another invented example, a physical therapy practice adds a cable column, a set of parallel bars and a treadmill to its exercise area for $12,780. The invented schedule runs 30 months at an 11.15% annual rate: $490.09 a month, $14,702.70 over the 30 payments and $1,922.70 in interest.
In this invented example, the schedule is shorter than the laser's because exercise pieces take daily wear. If the treadmill's belt and motor need work in the third year, the invented payments end halfway through that year, so the repair bill does not land on top of a full equipment payment.
In this invented example, all three pieces stand on the floor and plug into outlets the room already has. A cable column bolted into a wall or a new circuit for the treadmill would be property work outside this site, paid apart from the financed amount.
Walls and plumbing aside: costs a Thomas County, GA therapy practice can bring to a call
A treatment room's new walls, a hydrotherapy tub's plumbing and new flooring are property work, and they stay off this site. A therapy practice can bring these to a call instead:
- Freestanding treatment equipment on a vendor quote, through equipment financing.
- A supply order of electrodes, tape and hot packs, through working capital or a line of credit.
- A larger one-time cost spread over a term loan.
- Payroll in a week when insurer payments arrive after the pay date.
The trades page puts therapy practices beside physician and dental offices, and the Thomasville, GA page has county figures for other trades.
By Ashmont Advances · Updated