Medical business loans are made available for Doctors, Medical & Healthcare Practitioners who wish to start a new practice, acquire an existing practice, or expand your current business. You can choose from top medical practice loans depending on your needs including operational costs or purchasing of inventory or equipment.
Why Medical Business Loans?
Patients will always be top priority for any medical professional and it has always been your endeavor to provide them with expert medical care. Medical Business Loan takes care of your need to stay ahead with updated medical equipment, expansion plans and to employ skillful and knowledgeable staff which and you to gain an added competitive advantage over the others. The cost of all these can be a high and it becomes a challenge to maintain and grow your business in a competitive market.
Who Qualifies?
Medical practitioners usually have strong earning potential, high net worth, and stable income hence are a potential customer for many lenders. If you are looking to acquire and expand or even start up their own medical practice have an excellent option to avail medical financial loan. Factors impacting medical practitioners’ loan are:
- Creditworthiness of the business
- Annual revenue over $150,000
- Minimum four years of business history
- Current Debts, if any
- Financial forecast and business plan for startups
