Medical Practice Loans

Loans for Doctors Offices

In the United States, there are 756,000 Physicians and Surgeons who currently practice medicine with a valid license. As more of the population ages, the growth for the medical industry is projected to be 7% over the next decade or so. This added demand for health care will see a rise in large and family practices.

Along with standard and specialty practices such as chiropractors, dentists, plastic surgeons, and others. There has been a rise in alternative medicine practices that we have worked with and funded. With our experience in financing for the medical industry, we have found that many doctors who currently hold a practice or a looking to start one are confused and frustrated when it comes to securing financing.

With equipment advancing quickly and with the demand for faster and more accurate results, doctors face the constant need to update and upgrade their medical equipment.

Reasons for Seeking Financing:

Working Capital
Asset Purchase such as equipment
Debt Restructuring
Starting a new practice

Loan Options for Doctors Offices

There are a variety of lenders and funding programs that may be available to doctor's offices and private practices. Traditional lenders such as major banks offer favorable rates but are very picky about which practices they finance. It may not be enough to simply have a profitable business to secure financing. Alternative lenders usually cater to specific industries and are less restrictive when it comes to their approval guidelines.

SBA Loans

The Small Business Administration’s financing programs are a great way for a medical professional to obtain bank rate medical practice financing for company’s without enough of credit history or lacking the cash-flow that a bank requires. The small business administration does not give the loan, rather agrees to cover a percentage of the traditional lender’s losses should the borrower default.

Rates & Terms

- 5% to 12%

- 5 to 25-year terms

- 30 to 90 days funding period

Documents needed