Medical Practice FinancingMedical professionals depend on a steady cash flow to maintain their clinics, pay for equipment, and compensate their employees. If you own a medical practice and are unable to obtain funding from banks or other traditional lenders, our medical practice financing program could be the right solution for you. Even if you have bad credit or have been declined for a bank loan, we can still provide you with the capital you need in as little as 24 hours.
Eligibility for medical practice financing is based not on your credit, but rather on your monthly gross earnings. As long as you have operated a medical practice in the United States for at least 3 months and can show proof of revenue totaling at least $10,000 per month, then you qualify!
Our ProgramIf you are approved for medical practice financing, we will advance your capital within one business day. By doing so, we are effectively purchasing a percentage of your future earnings. Once you have received your advance, we will deduct a small portion of your daily earnings until the full amount has been paid back. In some cases we will deduct a small fixed amount each day. Alternatively, we can collect a percentage of your daily bank deposits until the full amount has been paid off. With this approach, your payments are always proportionate to your earnings, so you will not be overburdened when business is slow, and there is no fixed repayment term.
- No collateral or property liens.
- Cash funding in 24 hours.
- Credit card processing not required.
- No application fee.
- Bad credit is not an issue.
- Bankruptcy and foreclosure OK.
- Advances do not appear on your credit report.
- No restrictions on use of funds.
Apply and QualifyThe approval process for our medical financing program is much different from traditional bank loans. Banks require business owners to provide extensive documentation, such as tax returns and business plans. On the other hand, you can qualify for our medical financing program by simply filling out the form on this page. We approve 95% of all financing applications we receive. To expedite the approval process, you can download our complete application and fax the completed form to 866-240-5505.
If your medical financing application is approved, one of our financial consultants will work with our underwriters to determine how much money you qualify for. You will need to provide us with the following information:
- 3 months of bank statements
- 3 months of credit card processing statements (if available)
Even if your practice does not process credit cards, you are still eligible to qualify for medical financing, so don't hesitate to apply!
CALL TODAY AT 888-487-5509