Medical Practice Loans
Learn about financing options for doctors, dentists, veterinarians and other healthcare professionals.
Find the right loan for your medical practice
Running a medical practice comes with unique financial needs. You may want to start a new practice, buy medical equipment or cover cash flow gaps while you’re waiting for the insurance companies to pay.
Financial concerns can be a burden and they may stop you from doing everything you want to do for your patients. Medical practice loans can provide you with the funds you need so you can get back to taking care of people.
Financial concerns can be a burden and they may stop you from doing everything you want to do for your patients. Medical practice loans can provide you with the funds you need so you can get back to taking care of people.
Medical practice financing from HealthCare Capital
Line of Credit
A revolving credit line you can draw from 24/7 to receive funds within seconds.*
• Credit limits from $6K - $100K
• Flexible repayment terms of 12, 18 or 24 months
• Great for ongoing cash flow needs
• Credit limits from $6K - $100K
• Flexible repayment terms of 12, 18 or 24 months
• Great for ongoing cash flow needs
Term Loan
A one-time lump sum of cash with an eventual option to apply for more.
• Loan amounts from $5K - $250K
• Repayment terms up to 24 months
• Great for one-time investments in your business
• Loan amounts from $5K - $250K
• Repayment terms up to 24 months
• Great for one-time investments in your business
Merchant Cash Advance (MCA)
A merchant cash advance is a type of business funding that provides quick access to capital. A lender may provide a company with a lump sum payment in exchange for a share of the company’s future profits.
Benefits of an HealthCare Capital Line of Credit
No hard credit pulls
Check your eligibility without affecting your credit score.
Fast funding
Lines of credit can fund instantly.* Term loans can fund the same day.
Build business credit history
We report to business credit bureaus, which helps build business credit history with on-time payments.
Are we a match? Check our minimum requirements.**
1 Year
in business
500
personal FICO® score
$100K
business annual revenue
Business
checking account
FAQs
How do medical practice loans work?
Medical practice loans work similarly to other business loans, though they may be subject to some further review. For instance, a medical lender may ask to see your license and some documentation on the type of medical business you run.
What can medical practice loans be used for?
Medical practice loans can be used to help you start or grow a medical practice.
Startup costs. If you want to start a new practice or start a new location for your existing practice, there are loan options available to help you do everything from purchasing commercial real estate to advertising your new medical business.
Equipment purchases. Medical equipment can be very expensive. You may not be able to cover the costs with your business credit card. Instead, you may want to use a medical practice loan to cover the cost of new equipment.
Working capital. Many health care practices bill on invoices, meaning you won't get paid right away. There are health care financing options that can help you cover the day-to-day costs of running your practice.
Are there restrictions on medical practice loans?
Medical practice financing is intended to help you run or grow your medical practice, but you have a lot of room to decide how it is used. While lenders may ask for verification when you apply for the loan, you have flexibility in how you use the money for your business.
Keep in mind that any kind of business financing is only intended to be used for business purposes. If you use the money for personal expenses, you could get into trouble with the IRS. Be sure to keep receipts showing how the money was used.
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