In 2024, after a decade of assisting athletes, industrial workers, and fitness enthusiasts rehabilitate from injuries in a cramped leased space or onsite, Danielle York used an SBA loan to increase the scope of her services, to upscale her square footage, and to expand her impact in Modesto, CA. Danielle used the funds to make the space flow and feel the way she wanted. Large machines such as an infrared sauna and a cryotherapy chamber were purchased to improve patient outcomes. Working capital funded a marketing campaign to spread the word about her new location.
In addition to individualized care in treating injuries and ailments, York Orthopedic Recovery offered an award-winning wellness program to other local businesses in their offices, but the goal was to create a space where Danielle and her staff could see patients without sitting in traffic and transporting cumbersome equipment. As a business owner, Danielle gained more control over her treatment environment, more access to her staff, and more flexibility in her schedule.
Through an SBA 7(a) loan with a 10-year term and low monthly payments, York Orthopedic Recovery secured a space that enabled Danielle to increase client volume, employ more therapists, and keep prices per treatment lower than if she and her team had to travel to provide care. Thus, increasing revenue and overall profitability.
Is an SBA loan the right choice for funding the growth of your practice? Call Mindy Stodart, Business Development Officer, at First Merchants Bank, (513) 235-5113 or email: mstodart@firstmerchants.com .
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