Medical Practice Financing
Finance for Medical Practices
Medical practices can require infusions of direct capital for many reasons, including purchasing supplies or financing valuable new equipment.
The purchase of a new piece of medical technology can enable doctors and vets to greatly expand their patient care options, but cutting-edge equipment may be too expensive to acquire based on existing cash flow alone. Small business loans are one option for financing expansion, but there are a few disadvantages associated with traditional bank loans that can make them a less attractive option for funding.
For one thing, small business loans require business plans and collateral, and will reject business owners based on bad credit. To evaluate all this takes time, so you could wind up waiting over a month to get approved for the medical practice financing you need right away to pursue time sensitive opportunities. Horizon Business Funding does not offer medical loans. We offer merchant cash advances, which are based on monthly revenues and not on credit history or collateral, allowing us to boast a 95% approval rate.
The business specialized nature of a merchant cash advance makes it an excellent option for medical practice financing. You can apply by filling out the form on the right of this page. When you click submit, one of our skilled representatives will contact you over the 'phone, and help you get a cash advance tailored to the needs of your practice that can appear in your bank account for unrestricted use in as little as 48 hours. If you are ready for liquid cash that can help you better serve your patients, don't hesitate to see what we can do for you.
What You Have:
- Bad credit, existing loans, a high risk business loan designation or any issue banks use to disqualify funding applicants.
- A business you have been operating for at least 2-3 months. No Startups.
- Monthly gross sales of $15,000 or higher.
- Interest in direct capital to improve or expand your business.
What We Need:
- You to fill out the form on the right of this page.
- The completion of some easy steps that a representative will help you do over the phone.
- You can live chat with a representative to the right as well.
What You Don't Need:
- Loans for your medical practice that takes ages to get, while opportunity passes you by.
- Demands for collateral which you could lose.
- Restrictions on how you can use the money you apply for.
Does this sound like your medical or veterinary business? Then our funding programs could be just what you're looking for.
Apply now by filling out the form on the right of this page.
How Medical Practice Financing Works.
Doctors and veterinarians who require a direct capital infusion to finance improvements to their medical practices can call on Horizon Business Funding as a resource when projects exceed the limits of their existing cash flows.We don't restrict funds based on bad credit, and require no personal guarantees of collateral, meaning that our approval process is much more streamlined than an application for a bank loan. Cash advance amounts vary from $1,000 to $1,000,000.
Once your first advance is 70% repaid, you will have the option to refinance for up to 200% of the amount you first received.
Horizon Business Funding is a liquid cash resource that practice owners may call upon through each stage of their growth. Is there an improvement or piece of equipment that would help your medical or veterinary practice better serve your patients that you are unable to pursue based off of limited resources? As long as your practice has been operating for at least 2-3 months with monthly revenues of $15,000 or higher, you can apply for Horizon Business Funding's programs and have the liquid cash you need in as little as 48 hours.
Repayment is taken as a small percentage of daily revenues, so that payment amount is always proportional with earnings, allowing you to focus on running your operation. We believe that financing for medical practitioners should be easy and fast to obtain. Our merchant cash advances are designed to make sense for expanding practices and our representatives work with our highly experienced underwriting department to ensure that the amount of funds we give you is the ideal amount for your needs.
Horizon Business Funding invites you to utilize our services to improve your existing practice.
The benefits of funding your practice's expansion with a merchant cash advance.
In the spirit of keeping things simple, we've broken down what makes a merchant cash advance a great alternative to financing practice improvements with loans by showing where Horizon Business Funding's programs and the needs of doctors and veterinarians meet.