Industries

Medical Practice Loans & Financing

We provide a wide range of medical businesses with working capital, from walk-in clinics to home health care services.

We're a Funding Partner with a Proven Track Record

Since 2013, we’ve grown with companies we support.

BUSINESSES FUNDED
10000 +
CAPITAL PROVIDED
10 + MILLION
TRUSTPILOT REVIEW
1

What is a Medical Practice Loan?

Doctors and other medical professionals often take our medical practice loans once they are qualified to start their business. These loans enable them to build or lease a building, hire medical and professional staff, and pay for incidentals. They are specially designed for the challenges that arise for a business that often needs to wait on insurance companies for payment.

How Medical Practice Loans Work

Medical business loans are for building a medical services business. This could be doctors’ offices, lab facilities, and more. Doctors and health care professionals use these loans to promote their business, purchase vehicles, get new equipment for diagnostics, and help pay salaries and wages for employees and partners of the business.

How To Use a Medical Practice Loan

The financing options for medical practice include equipment buying, office furnishing, building rent, payroll, cash flow improvement, and many more. The loans are vital when doctors want to start a new practice.

Expansion

Expanding business operations requires a good plan and healthcare business loans. With flexible options, these loans allow for adding new staff, marketing, building a new facility, and more.

Payroll

Healthcare businesses frequently utilize medical practice loans to manage payroll and other routine expenses.

Equipment

Loans specifically designed for small businesses run by doctors can be useful for purchasing new office equipment. These funds can be allocated towards various items, including computers and diagnostic tools.

Why Apply for a Medical Practice Loan?

Invest in New Technologies

Medical practice loans provide healthcare professionals with the means to invest in advanced medical technologies for their practices.

Invest in Marketing

When businesses grow, they need their customer base to grow with them. A medical practice loan provides a MedSpa, a doctor's office, or lab with the opportunity to market its new services and gain new customers.

Ensure Regulations Are Met

Meeting medical regulations is crucial. The moment these regulations change, it requires doctors to meet the new demands as fast as possible, and that is one of the benefits of business loans for healthcare professionals.

Minimum Eligibility Requirements

Time in Business

Minimum 1 Year

Business Annual Growth Revenue

No minimum

Business Checking Account

Yes

US Citizen/Based Company

Yes

FICO Score

500+

Other Financing

Subject to underwriting

Bankruptcies

None preferred

Better Your Business With
SVP Funding Group

Open Additional Medical Services

Hire Medical Professionals

Offer New Medical Services

Invest in Marketing

Purchase Necessary Medical Equipment

Pay for Commerical Real Estate

Medical Practice Loans FAQ

Medical professionals like family physicians, dentists, dermatologists, chiropractors, and even massage therapists are some of the entrepreneurs who can apply for medical practice loans.

The most frequent types of loans available for medical practices include SBA loans, business lines of credit, non-bank term loans, short-term loans, and equipment financing.
Each category of loan will be subject to specific constraints. In general, loans designated for medical practices are intended exclusively for the operation of a medical practice.
First off, you need to figure out what you actually need the medical practice loan for. If you’re just in need of some extra cash flow, a line of credit might be a better fit than a term loan. So, start by clarifying what you need the funds for, and then check out your loan options.