Why More D.C.s Finance
The majority of capital equipment acquired today is financed1. We hear from successful D.C.s all the time about why they choose a financing strategy to grow their practice. Their reasons include...
Ease of Cash Management
Equipment financing allows D.C.s to preserve cash on hand for other day-to-day business expenses such as inventory, personnel and marketing.
Keep Credit Lines Open
Equipment financing gives doctors the flexibility to keep existing bank credit lines open for operating expenses.
Put Equipment to Use Sooner
Many D.C.s prefer to get their equipment sooner instead of waiting until they have the full equipment cost on-hand. This allows them to put their equipment to use while spreading loan payments over the life of the asset.
Cash for Alternative Investments
Some doctors choose to use excess cash on hand for other business or personal investments.
Doctors know the tax benefits associated with Section 179 of the tax code that may allow them to deduct the full equipment purchase—even if it's 100% financed. For more information on the tax benefits of financing, Learn more about the tax benefits of financing.
Simplicity vs. Banks
Many banks and other lenders don't necessarily understand chiropractic equipment or may require securing it with additional collateral. This can result in excessive expense, time and paperwork for D.C.s. Learn more about NCMIC's fast-track service.
Learn more about the advantages of financing equipment with NCMIC.