As a busy doctor, dentist, or veterinarian, setting up a practice can be stressful. Apart from finding the right location, you also need the right medical equipment to set it up.
So you think, “What kind of financing options do I have?”
Well, there are various financing options available for professionals in the medical industry.
Medical Equipment Financing Options
But, if you’re new, launching a private medical practice is no walk in the park. Between securing equipment, navigating regulations and marketing your new business, there’s a lot to tackle in a short time. To assist you in your journey, First Capital Business Finance offers a unique program for practicing physicians.
For example, if you’ve been a practicing physician for several years, you’ve a good chance on securing a financing option based on your ‘licensed date’ vis-à-vis your ‘actual time in business’. The benefit of do so by your licensed date is that it improves your chances of getting financing at good terms.
Second, you can get exclusive medical equipment financing to upgrade your current equipment like: x-ray machines, diagnostic machines, ultra sound machine or office furnishings. For doctors especially, who want a cash inflow, a cash advance loan can be useful.
When you work with an experienced financing company, the experts understand your business needs. They can offer solutions customized to your individual practice.
When Should I Apply for Financing?
You might think often, “If I can get some new surgical equipment for my hospital, it can enrich the lives of my patients.”
Opting for a medical equipment financing can definitely help your practice and your patients.
When your business expands, you may want to get new equipment financed. You can also avail to finance to overcome the various challenges associated with relocating your equipment. One of the most common reasons medical practitioners avail a medical equipment finance is to upgrade their equipment.
With evolving medical technologies, it has become more important than ever to embrace the latest technologies for the best patient care.
What About my Credit Score?
If you have a credit score of 720 or higher and have been practicing for a good amount of time, you can get funding at reasonable payments and terms.
But if you have a bad credit score, it might be difficult to get a business finance loan at a good rate from a bank. Many dealers also might not be able to get you money at an affordable rate. But don’t worry – there are other options.
When you’re determined to start your practice, you can always find a medical equipment finance with a reputed financing company.
At First Capital Business Finance, you can opt for an asset-based direct lease program, which assists you in case of a bad credit score or if you only just started your business recently.
How to Get a Medical Equipment Finance Approved
Say goodbye to long waits, lengthy paperwork, and upsetting refusals. With First Capital Business Finance, your application can get approved the same day you apply. Financing from $5,000 to $5,000,000 is available with a small waiting period.
You will soon think, “With such efficient customer service, minimal paperwork, and flexible terms, I don’t have to worry about my approvals at all.”
In fact, even if you have a previous bankruptcy, you can still expect a quick approval to restart your medical practice.
Find Quick Finance Approvals at First Capital Business Finance
No matter why you need a loan, First Capital Business Finance is always ready to assist you. Talk to our financial experts today or apply online to qualify for your finance needs. Call us at 888-939-1036.
Where to Look for Medical Equipment Financing | First Capital Business Finance