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Our Banks Love Chiropractors!

Let us help you make getting into your dream clinic a reality.
Don’t let lack of funds stop you from buying your dream practice

Buying a clinic is a huge life change, which means it is an inherently stressful process. And getting a loan for your acquisition isn’t as simple as getting a mortgage for a home. There are many more levels of complexity that leave a practice buyer frustrated and empty-handed:

  • Shopping for your own loan can significantly impact your credit score, resulting in higher interest rates, or even getting declined for the loan entirely.
  • Because the lender has a relatively small return on a single loan, a non-PPS affiliated banker will often have a lower priority for clinic acquisition loans resulting in a significantly longer funding timeline.
  • Bankers will often guide buyers into the loan product that best benefits the banker – which may not be the best option for you in terms of interest rate or other loan terms.
  • The loan process is very complex, with over 100 steps to complete before funding. And the bank is evaluating your competency and business savvy every step of the way to see if you really qualify for the loan. With PPS there’s no stupid questions – but with the bank the loan applicant’s competency is everything.
  • Unfortunately, the chiropractic industry has a higher risk factor (and chiropractors often have more student loan debt) than many banks are willing to work with. This means that most local banks will not be able to lend for a chiropractic acquisition, or if they do offer lending, the terms are often prohibitively expensive.
  • Further, most local bankers (who are salespeople) don’t know this, leading buyers to complete the exhaustive paperwork only to find out 4-6 months later that there is nothing the bank can do to help them.
  • Buyers must be careful, as business loan brokerage is completely unregulated, meaning there are many unscrupulous loan brokers out there who take advantage of buyers, taking upfront fees and never doing the work needed to obtain the client’s loan.
Let us be your guide

At Progressive Practice Sales our goal is to make the acquisition process much easier from start to finish! We work exclusively with chiropractic and chiropractic clinics, so we know exactly what is needed to successfully fund these acquisitions. And our long-term relationships with our lenders (and the volume of sales that we send them) means that your loan will be high priority, even if the clinic you are acquiring requires a loan that is smaller by the lender’s standards.

And most importantly, support through our financing support network results in a 50% faster funding timeline, meaning you are in your clinic, and enjoying the cash flow of your new business, an average of 3 months faster than working with other brokers or doing it alone!

SBA lending is the primary source of funding for chiropractic acquisitions because the financial and experience requirements are significantly lower than what is required for conventional loans. But SBA lending is also incredibly challenging to navigate with many rules, layers of bureaucracy + tons of paperwork. Trying to navigate this process alone can be an incredibly daunting process, especially while taking care of an office full of patients. Few doctors have the time, energy + knowledge to do what it takes to get the best loan + bring it to fruition. That’s where we come in.

We’ve been selling chiropractic practices for a long time, and we’ve seen it all–especially when it comes to unscrupulous loan brokers and unreliable lenders. So we’ve built a network of exemplary lending resources you can trust and rely on to successfully:

  • Shop your loan with our network of preferred lending partners (in a way that won’t damage your credit) to make sure you get the best terms, from banks that are comfortable lending on chiropractic clinics and to borrowers with chiropractic student loan debt
  • Provide an easy-to-use data portal (complete with helpful guidance + examples) to help organize + guide your application process – and we will complete an in-depth review of your entire application package before submission to the lender
  • Correspond directly with our lenders to make sure that all follow-up needs + details are taken care of
  • Monitor the progress of the loan to make sure that it closes – and you are in your clinic – as quickly as possible

Don’t leave something this important to chance.

Doctors buying a Progressive Practice Sales clinic can receive loan submission support at no charge. Our network also offers low-cost consulting + advisory service packages to provide customized support to understand the SBA lending process, strategize on customized solutions for obstacles to your acquisition, and best-practices to ensure a successful acquisition and transition into ownership. These packages are available to doctors buying PPS-listed clinics as well as clinics listed with other brokers or “for sale by owner.”

Want to learn more? Schedule a free, no-obligation consultation today.
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Testimonials

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Rachel Howley
★★★★★
"I cannot thank PPS enough for helping me purchase my practice. These people are incredible. They know absolutely everything about the purchasing process in any state and made the whole thing such an enjoyable and stress free experience. Even better, THEY KNOW CHIROPRACTIC! They know all about the profession, the business, the philosophy, the ins and outs of what we do, unlike traditional lenders, insurances, and so many other entities. I won’t lie I was super skeptical about working with a broker, but they have completely erased all that uncertainty. I literally could not have done this without their knowledge, skills and coaching. Not to mention, everyone is so friendly, communication is fast, and they are motivated to get your deal closed so you can get to work. They are accessible to you practically whenever you need it to answer questions and help every step of the way. I even purchased an addition support package and that may be the best money I have ever spent. I didn’t think I would need it, but I found you are paying for their expertise and experience and that was worth so much more than what I paid for it. Thank you so much Progressive Practice Sales for making my dream of owning my clinic a reality! If I ever decide to sell or even purchase another clinic, you will be my first call. Forever grateful to have had the opportunity to work with you. Seriously, everyone here is incredible in so many ways, you NEED them!"
Jason Matthews
★★★★★
"I cant say enough great things about Progressive Practice Sales! When I was trying to buy my chiropractic clinic, I got denied by multiple different banks due to reasons outside of my control and thought that it was never going to happen. Once I contacted Progressive Practice Sales, they went above and beyond of what was possible and found a way and a bank that would work the practice file and eventually give me the option to buy the practice of my dreams. If it wasn't for Progressive Practice Sales, I wouldn't have my own practice and running my own clinic. Thanks to Stacie for helping me through all of the paperwork and little details to make this happen. If you are looking for a company that goes above and beyond, I would give them a try, as they are a life saver for me! I would recommend them to anyone who has tried to get a loan and have been denied by banks, they will go that extra mile to make it happen...!!!"
Jared Gruhl
★★★★★
"The crew at PPS did a phenomenal job helping me with my practice acquisition. The price I paid was well worth the peace of mind and confidence they gave me throughout the months-long process. I didn't know what I didn't know, and they helped anticipate everything that would happen along the way. In the end, I ended up securing a really great interest rate, saved a lot of money, saved even more time, and got more in working capital than I originally asked for. I was a little hesitant to hire them, since they were representing the seller at the same time. However, at no point did I fear that I was getting taking advantage of in favor of the seller. They were consistently open, honest, helpful, respectful, and great at keeping the communication lines flowing. I'd hire them again for sure, and I plan to if and when I sell in the future!"
David Juratovac
★★★★★
"Stacie and the team at PPS were so great to work with through my clinic acquisition. Any time I had questions or needed to send off some piece of information, I would get an almost immediate response. The process was clearly laid out and it all went as smoothly as I could have hoped. Even with some slow-downs during the sale, Stacie and the team kept me updated as soon as advancements were made, as if I were hearing the information right alongside them. I can't recommend Stacie and the team at Progressive Practice Sales more. I will surely be back to work with them in the future."
Lisa Parissi
★★★★★
"As a Chiropractor, I always knew that I wanted to own my own practice. Thankfully that dream is coming true due to the awesome team at Progressive Practice Sales. Crystal and Kevin were so thorough and helpful throughout the process. They guided me in my decision as to which practice would best fit both my needs and personality as well as the seller’s. I’m literally buying my dream practice. They provide in house financing through Stacie, the broker, who I can’t possibly say enough good things about! She has been amazing! I’m eternally grateful for this opportunity and would highly recommend PPS to any doc who is ready to take their career the next level."
Philip Runge
★★★★★
"Progressive was able to help us find the perfect clinic! They were super helpful in every aspect of purchasing a practice. The whole team at Progressive made it possible for us to move to a new area of the country that we love and get going with an already successful chiropractic office. After unsuccessfully trying to purchase a practice with other brokers, the team at Progressive not only made it possible for us to realize our dream but they also were able to connect us with a seller that was a perfect fit. Thanks again and I will certainly recommend Progressive Practice Sales to all of my other chiropractic colleagues :)"
Damon Noonan
★★★★★
"I highly recommend Stacie and her team for getting my deal done, that I otherwise most likely could not have on my own. When it comes to filling out all the necessary paperwork, communicating with the banks, attorneys, meeting deadlines and keeping everything on track, an experienced, professional broker is extremely helpful. There will always be hiccups and nothing goes as planned so having someone who can assist you and in some aspects take over the process for you is essential. I would have not been able to handle the many facets of the process for getting a loan by my self."
Dr. Nathan Fisher
★★★★★
"Very impressed with their willingness to help and knowledge throughout the entire process. Compared to other practice sales companies they blow them out of the water. Their website is fresh, clean and eye-popping. As a buyer, I was drawn to them more than others. They put together a practice prospectus for sellers that answers all potential questions buyers want to know and is far more comprehensive than others. I would highly recommend for both sellers and buyers!"
Neils Larson
★★★★★
"Progressive Practice Sales was a huge help for me buying a practice. I had no prior experience in buying or selling anything like this, and they helped explain everything along the way. They were very patient with all of my questions, and let me know what I needed to do step by step. They were also very helpful in finding me the right Lender. I had trouble getting enough capital for the down payment, and they helped to work with me to find a lender that would work with our situation."
Dr. Jaime D.
★★★★★
"I came across PPS online and decided to give them a shot since they were chiro specific. I had a clinic I already wanted to purchase that wasn't listed with them. They connected me with Stacie Helton and she became my point person for financing. She was my anchor through the entire process. Without her I could not have pulled it off. The fee was reasonable and she was WORTH EVERY PENNY! If I could rank them higher than 5 stars, I would."