Medical Practice financing
Medical Practice Business Loans
Medical practices have steady demand but slow cash: insurers can take weeks to pay claims, and equipment and build-outs are expensive. Lenders that specialize in healthcare understand that revenue cycle.
Start your applicationFinancing that fits
Equipment Financing
Finances imaging, lab and treatment equipment over its useful life.
Business Line of Credit
Bridges the gap between seeing patients and getting paid by insurers.
What owners finance
- Buying into or acquiring a practice
- Diagnostic and treatment equipment
- Office build-outs and new locations
- Working capital while claims are paid
- Refinancing practice debt
What lenders look at
- Collections history and payer mix
- Provider credentials and years in practice
- Patient volume trends
- Existing practice debt
Documents to have ready
- Business bank statements
- Practice and personal tax returns
- Profit and loss statement
- Accounts receivable or collections report
- Equipment quotes or the purchase agreement for an acquisition
Common questions
- Can I finance a practice acquisition?
- Yes. Term loans and SBA loans are commonly used to buy practices; lenders look at the practice's collections and your clinical experience.
- Do lenders count insurance receivables?
- Many do. A clean receivables report helps lenders size a line of credit.
- Is financing available for a startup practice?
- Some healthcare lenders finance new practices for experienced providers, usually based on a business plan and projections.
Financing for your medical practice business
One application. Matched lenders. Offers you can compare side by side.