Funding for Physical Therapy Clinics
High visit volume plus a predictable reimbursement lag is the textbook case for a line of credit or revenue-based funding: capital that covers the gap between treating the patient and getting paid for it.
A busy PT clinic can be profitable on paper and broke on Friday. You deliver the visit today, bill it this week, and see the money in one to three months — while licensed therapists, assistants, and front-desk staff get paid on schedule and the referral pipeline demands you keep capacity open. Growth makes it worse, not better: every new referral source means more payroll in front of more receivables. Banks want collateral and two years of returns before they engage. Broadway works off what your clinic actually deposits: three months of bank statements, one short form, a soft credit pull, a same-day decision, and funding in as little as 24 hours when the gap will not wait.
The challenge
PT gets paid per visit, after the visit, at whatever rate the payer decides — and often 30 to 90 days later. Your therapists get paid every two weeks regardless. The harder you grow, the wider that gap gets.
How Broadway Advance helps
High visit volume plus a predictable reimbursement lag is the textbook case for a line of credit or revenue-based funding: capital that covers the gap between treating the patient and getting paid for it.
What owners use it for
- Cover payroll through the lag between visits delivered and claims paid
- Hire another PT or PTA ahead of a new referral source coming online
- Buy treatment tables, treadmills, e-stim, and rehab equipment
- Build out a second clinic or expand the gym floor
- Add cash-pay services like dry needling, wellness, or sports performance
- Upgrade your EMR, billing, and scheduling stack so claims go out clean
See your real number in about five minutes.
Apply nowFunding options that fit physical therapy clinics
Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Merchant Cash Advance
Immediate cash today in exchange for a small slice of future sales.
Up to $2,000,000 →Equipment Financing
Buy the equipment you need; the equipment itself secures the deal.
Up to 100% of equipment cost →Physical Therapy Clinics funding questions
What fits a PT clinic better — a line of credit or a cash advance?
If your problem is the recurring gap between billing and reimbursement, a line of credit usually fits best: draw when claims are pending, repay when they fund, pay only for what you use. If you need a lump sum fast — equipment, a buildout, a hire — a merchant cash advance moves quicker and qualifies more easily, though it costs more. Broadway brokers both across 25+ funders, so tell us the problem and we will match the product.
Can I qualify while I'm still credentialing with new payers?
Often, yes. Credentialing delays are normal in this industry and they choke cash flow at exactly the moment you are growing. We underwrite off three months of bank statements, so if your existing payer mix shows steady deposits, pending credentialing does not disqualify you. Be straight with us about the timeline and we will size the funding so the remittance works during the gap, not just after it closes.
Is taking funding to hire another therapist a sound move?
Run the math honestly. A licensed PT generates visit revenue from week one, but reimbursement for those visits lands one to three months out — so the hire creates a cash gap even when it is clearly profitable. Funding that gap can make sense; funding a hire you do not have referral volume for does not. An MCA costs more than bank money, so the new revenue has to outrun the cost. We will walk that math with you before you sign.